WHITEREALM LIMITED

🌳Matureactive
SC283508 · ltd · incorporated 2005-04-20
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£233.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (93/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 20.4y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 20.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 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 105 (micro)
Positive net assets
Net assets £233,145
Net assets shrinking
Down £581 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£233k
~ YoY
Current Assets
£30k
↑ 22% YoY
Current Liabilities
—
£0£47k£93k£140k£187k£234kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-302023-09-30
Total assets£233.1k£233.7k
Current assets£29.6k£24.3k
Net assets£233.1k£233.7k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-11-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2021-11-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-11-18
    🔓
    Charge satisfied #3
  9. 2021-11-18
    🔓
    Charge satisfied #2
  10. 2021-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-08-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2018-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-05-11
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2018-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2018-05-01
    ➖
    CARGILL, Marc Clifford resigned
    director
  20. 2018-05-01
    ➖
    CARGILL, Richard Ian resigned
    director
  21. 2006-05-24
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  22. 2006-05-24
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  23. 2005-12-14
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  24. 2005-05-11
    ➕
    CARGIILL, Ian Nicol appointed
    secretary
  25. 2005-05-11
    ➕
    CARGIILL, Ian Nicol appointed
    director
  26. 2005-05-11
    ➕
    CARGILL, Catherine Anne appointed
    director
  27. 2005-05-11
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  28. 2005-05-11
    ➕
    CARGILL, Marc Clifford appointed
    director
  29. 2005-05-11
    ➕
    CARGILL, Richard Ian appointed
    director
  30. 2005-05-11
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director
  31. 2005-04-20
    🏢
    Company incorporated
    As WHITEREALM LIMITED
  32. 2005-04-20
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  33. 2005-04-20
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director

Owner dependency

83/100
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 76 — succession pressure is live.

Succession & seller-readiness

96/100
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 76 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 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
Mrs Catherine Anne Cargill
Individual · British · DOB 07/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting01/05/2018
Mr Ian Nicol Cargill
Individual · British · DOB 08/1950 · age 76
25–50%
25–50%25-50% shares · 25-50% voting01/05/2018

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

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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
Incorporated2005-04-20
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Unit A
6 North Isla Street
Dundee
DD3 7JQ
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-25
Last: 2025-05-11

Officers (3 active · 4 resigned)

CARGIILL, Ian Nicol→
secretary · appointed 2005-05-11
View their other companies + combined net worth →
Active
CARGIILL, Ian Nicol→
director · ~76y · appointed 2005-05-11
View their other companies + combined net worth →
Active
CARGILL, Catherine Anne→
director · ~71y · appointed 2005-05-11
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-04-20 · resigned 2005-05-11
Resigned
CARGILL, Marc Clifford→
director · ~40y · appointed 2005-05-11 · resigned 2018-05-01
Resigned
CARGILL, Richard Ian→
director · ~41y · appointed 2005-05-11 · resigned 2018-05-01
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-04-20 · resigned 2005-05-11
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property24/05/200618/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property24/05/200618/11/2021
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property14/12/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-23
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-18
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-22
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-29