WARDHOUSE ESTATE LIMITED

🌳Matureactive
SC275925 · ltd · incorporated 2004-11-11
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
£113.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 21.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 21.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 2 with DOB)
76
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
77 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £113,568
Very low cash
Cash position: £76
Net assets shrinking
Down £1,116 YoY
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£76
↓ 1.3% YoY
Net Worth
£114k
~ YoY
Current Assets
—
Current Liabilities
—
£0£23k£46k£69k£92k£115kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-11-302024-11-30
Cash£76£77
Net assets£113.6k£114.7k

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

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-03-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-30
    ➕
    FORREST, Carol June appointed
    secretary
  5. 2023-10-30
    ➖
    PETERKINS resigned
    corporate-secretary
  6. 2023-10-30
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2023-10-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-11-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-11-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-11-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-11-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-11-13
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  17. 2020-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-09-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2019-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2014-09-19
    🔓
    Charge satisfied #2
  21. 2014-09-19
    🔓
    Charge satisfied #1
  22. 2011-01-13
    ➖
    STUART WILSON DICKSON & CO, Messrs resigned
    secretary
  23. 2011-01-13
    ➕
    PETERKINS appointed
    corporate-secretary
  24. 2005-08-02
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  25. 2005-03-21
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2004-11-11
    🏢
    Company incorporated
    As WARDHOUSE ESTATE LIMITED
  27. 2004-11-11
    ➕
    FORREST, Carol June appointed
    director
  28. 2004-11-11
    ➕
    FORREST, Douglas Thomson appointed
    director
  29. 2004-11-11
    ➕
    STUART WILSON DICKSON & CO, Messrs appointed
    secretary
  30. 2004-11-11
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2004-11-11
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2004-11-11
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  33. 2004-11-11
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Carol June Forrest
Individual · British · DOB 07/1952 · age 74
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Douglas Thomson Forrest
Individual · British · DOB 04/1953 · age 73
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2004-11-11
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Dutch Barn
Wardhouse
Insch
Aberdeenshire
AB52 6YL

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (3 active · 4 resigned)

FORREST, Carol June→
secretary · appointed 2023-10-30
View their other companies + combined net worth →
Active
FORREST, Carol June→
director · ~74y · appointed 2004-11-11
View their other companies + combined net worth →
Active
FORREST, Douglas Thomson→
director · ~73y · appointed 2004-11-11
View their other companies + combined net worth →
Active
STUART WILSON DICKSON & CO, Messrs→
secretary · appointed 2004-11-11 · resigned 2011-01-13
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-11-11 · resigned 2004-11-11
Resigned
PETERKINS→
corporate-secretary · appointed 2011-01-13 · resigned 2023-10-30
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2004-11-11 · resigned 2004-11-11
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/08/200519/09/2014
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/03/200519/09/2014

Recent filings (77 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
appoint-person-secretary-company-with-name-date
officers · AP03
2023-10-30
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-29