DEFINITIVE DEVELOPMENTS LIMITED
🌳Matureactive
SC277617 · ltd · incorporated 2004-12-20
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-56.4k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -88% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · oldest 20.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
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, 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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
65 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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £56,373
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£680
↓ 88% YoY
Net Worth
-£56k
↓ 43% YoY
Current Assets
£7k
↓ 62% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-53.7k | £-32.9k |
| Current assets | £6.8k | £18.0k |
| Cash | £680 | £5.6k |
| Debtors | £3.2k | £3.5k |
| Net assets | £-56.4k | £-39.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 180 days
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-01-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-12-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-02-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-02-23🔓Charge satisfied #2
- 2018-02-23🔓Charge satisfied #1
- 2017-12-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-12-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-02-06🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2005-11-18🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2004-12-20🏢Company incorporatedAs DEFINITIVE DEVELOPMENTS LIMITED
- 2004-12-20➕MUIR, Dawn appointedsecretary
- 2004-12-20➕MUIR, Dawn appointeddirector
- 2004-12-20➕MUIR, John appointeddirector
- 2004-12-20➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2004-12-20➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2004-12-20➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2004-12-20➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
91/100
Critical — business is the founderThe 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 candidateStrong 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Muir Individual · British · DOB 04/1957 · age 69 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Dawn Muir Individual · British · DOB 01/1962 · age 64 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
Active · Construction · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CRAIG FENTON DESIGN LIMITED→ SC505072 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CRUICKSHANK GLAZIERS LTD.→ SC315183 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| CUTTING EDGE CARPETS FIFE LIMITED→ SC585550 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| D&F ROBERTSON PLUMBING AND HEATING LTD→ SC824042 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DANIELS ACCESS LTD→ SC749422 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| DAVID DONALDSON LTD.→ SC394839 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| DAVID MCCALLION ROOFING LTD→ SC407007 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| DBH HOME DECOR LIMITED→ SC719271 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| DEBORAH DEVELOPMENTS LIMITED→ SC792020 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DELPROM LTD.→ SC222659 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| DEMPSEY DECORATING LIMITED→ SC831286 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DENBEATH LTD→ SC707744 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2004-12-20
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings
Registered office
Millhouse
Bowes Hall
Dunfermline
KY12 0RZ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18
Officers (3 active · 2 resigned)
Active
Active
Active
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2004-12-20 · resigned 2004-12-20
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2004-12-20 · resigned 2004-12-20
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 06/02/2006 | 23/02/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 18/11/2005 | 23/02/2018 |
Recent filings (65 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-19