NEACREATH LIMITED

🌳Matureactive
SC276227 · ltd · incorporated 2004-11-19
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
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
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 21.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees200200

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-09-04
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  4. 2024-09-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-09-02
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  6. 2024-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-02-13
    🔒
    Charge registered #3
    Lender: The Mortgage Lender Limited
  13. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-04-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2017-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-08-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-03-08
    🔓
    Charge satisfied #1
  19. 2016-01-12
    🔓
    Charge satisfied #2
  20. 2011-01-31
    ➖
    INNES & MACKAY (SECRETARIES) LIMITED resigned
    corporate-secretary
  21. 2007-08-01
    ➕
    INNES & MACKAY (SECRETARIES) LIMITED appointed
    corporate-secretary
  22. 2007-08-01
    ➖
    INNES & MACKAY LIMITED resigned
    corporate-secretary
  23. 2005-08-15
    ➕
    INNES & MACKAY LIMITED appointed
    corporate-secretary
  24. 2005-08-15
    ➖
    INNES&MACKAY,SOLICITORS resigned
    corporate-secretary
  25. 2005-07-12
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  26. 2005-05-15
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  27. 2004-11-19
    🏢
    Company incorporated
    As NEACREATH LIMITED
  28. 2004-11-19
    ➕
    MACLEOD, George Scott appointed
    director
  29. 2004-11-19
    ➕
    MACLEOD, Tanya Jane appointed
    director
  30. 2004-11-19
    ➕
    INNES&MACKAY,SOLICITORS appointed
    corporate-secretary
  31. 2004-11-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  32. 2004-11-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — 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 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

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
Mr George Scott Macleod
Individual · British · DOB 01/1957 · age 69
25–50%
—25-50% shares06/04/2016
Mrs Tanya Jane Macleod
Individual · British · DOB 05/1963 · age 63
25–50%
—25-50% shares06/04/2016

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

9 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
Incorporated2004-11-19
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Melfort House Melfort Estate
Distillery Wood
Tomatin
IV13 7AB
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-04-29
Last: 2026-04-15

Officers (2 active · 4 resigned)

MACLEOD, George Scott→
director · ~69y · appointed 2004-11-19
View their other companies + combined net worth →
Active
MACLEOD, Tanya Jane→
director · ~63y · appointed 2004-11-19
View their other companies + combined net worth →
Active
INNES & MACKAY (SECRETARIES) LIMITED→
corporate-secretary · appointed 2007-08-01 · resigned 2011-01-31
Resigned
INNES & MACKAY LIMITED→
corporate-secretary · appointed 2005-08-15 · resigned 2007-08-01
Resigned
INNES&MACKAY,SOLICITORS→
corporate-secretary · appointed 2004-11-19 · resigned 2005-08-15
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-11-19 · resigned 2004-11-19
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property04/09/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge—02/09/2024—
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property13/02/2020—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property12/07/200512/01/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property15/05/200508/03/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (68 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-10