TEPM DEVELOPMENTS LIMITED

💤Zombieactive
SC274448 · ltd · incorporated 2004-10-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£193.1k
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 6 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 21.5y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £193,123
Cash YoY
+1118%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↑ 1118% YoY
Net Worth
£193k
↑ 12% YoY
Current Assets
£4k
↑ 50% YoY
Current Liabilities
—
£0£39k£77k£116k£154k£193kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£568.4k£570.1k
Current assets£3.6k£2.4k
Cash£1.3k£107
Net assets£193.1k£172.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-24
    ➖
    EASTWOOD, Neil Johnathan resigned
    director
  6. 2022-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2017-10-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2017-10-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-10-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-01-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2010-08-31
    ➖
    EASTWOOD, Matthew Frank resigned
    secretary
  18. 2010-08-31
    ➖
    EASTWOOD, Matthew Frank resigned
    director
  19. 2008-07-09
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  20. 2007-03-26
    ➖
    EASTWOOD, Katherine resigned
    director
  21. 2005-08-22
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  22. 2005-02-14
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  23. 2004-12-17
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  24. 2004-12-01
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  25. 2004-11-02
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  26. 2004-10-18
    ➕
    EASTWOOD, Sara appointed
    director
  27. 2004-10-18
    ➕
    EASTWOOD, Matthew Frank appointed
    secretary
  28. 2004-10-18
    ➕
    EASTWOOD, Katherine appointed
    director
  29. 2004-10-18
    ➕
    EASTWOOD, Matthew Frank appointed
    director
  30. 2004-10-18
    ➕
    EASTWOOD, Neil Johnathan appointed
    director
  31. 2004-10-09
    🏢
    Company incorporated
    As TEPM DEVELOPMENTS LIMITED
  32. 2004-10-09
    ➕
    COSEC LIMITED appointed
    corporate-nominee-secretary
  33. 2004-10-09
    ➖
    COSEC LIMITED resigned
    corporate-nominee-secretary
  34. 2004-10-09
    ➕
    CODIR LIMITED appointed
    corporate-nominee-director
  35. 2004-10-09
    ➖
    CODIR LIMITED resigned
    corporate-nominee-director
  36. 2004-10-09
    ➕
    COSEC LIMITED appointed
    corporate-nominee-director
  37. 2004-10-09
    ➖
    COSEC LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Neil Johnathan Eastwood
Individual · British · DOB 08/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting09/10/2016
Mrs Sara Eastwood
Individual · British · DOB 04/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting09/10/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
TULLYBEAGLES LIMITED→
SC352935 · est 2008 · no financials extracted
————17y——
TWEEDDALE COURT (EDINBURGH) LIMITED→
SC074222 · est 1981 · no financials extracted
————45y——
TWENTY TWO HOLDINGS LIMITED→
SC587584 · est 2018 · no financials extracted
————8y——
TWO ROBS LIMITED→
SC855594 · est 2025 · no financials extracted
———————
U.Z. PROPERTIES LIMITED→
SC686120 · est 2021 · no financials extracted
————5y——
UM PROPERTY MANAGEMENT LIMITED→
SC797099 · est 2024 · no financials extracted
————2y——
UMEGA ESTATE AGENTS LIMITED→
SC690316 · est 2021 · no financials extracted
————5y——
UMEGA NEW HOMES LIMITED→
SC694772 · est 2021 · no financials extracted
————5y——
UNICORN MARKETS C.I.C.→
SC760209 · est 2023 · no financials extracted
————3y——
V&A HOUSES LTD→
SC788882 · est 2023 · no financials extracted
————2y——
VISSER DEVELOPMENTS LTD→
SC796661 · est 2024 · no financials extracted
————2y——
VISSER NORTH EAST PROPERTY INVESTMENTS LTD→
SC863574 · est 2025 · no financials extracted
———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2004-10-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Gillespie Tax Management Ltd
2-4 Salamander Place
Edinburgh
EH6 7JB
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (1 active · 7 resigned)

EASTWOOD, Sara→
director · ~55y · appointed 2004-10-18
View their other companies + combined net worth →
Active
EASTWOOD, Matthew Frank→
secretary · appointed 2004-10-18 · resigned 2010-08-31
Resigned
COSEC LIMITED→
corporate-nominee-secretary · appointed 2004-10-09 · resigned 2004-10-09
Resigned
EASTWOOD, Katherine→
director · ~57y · appointed 2004-10-18 · resigned 2007-03-26
Resigned
EASTWOOD, Matthew Frank→
director · ~61y · appointed 2004-10-18 · resigned 2010-08-31
Resigned
EASTWOOD, Neil Johnathan→
director · ~63y · appointed 2004-10-18 · resigned 2022-08-24
Resigned
CODIR LIMITED→
corporate-nominee-director · appointed 2004-10-09 · resigned 2004-10-09
Resigned
COSEC LIMITED→
corporate-nominee-director · appointed 2004-10-09 · resigned 2004-10-09
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

6
Total charges
6
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property09/07/2008—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property22/08/2005—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property14/02/2005—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property17/12/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property01/12/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property02/11/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-24
termination-director-company-with-name-termination-date
officers · TM01
2022-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-13