BASE-LINE DEVELOPMENTS LIMITED

🌳Matureactive
SC286837 · ltd · incorporated 2005-06-30
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 70/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 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

4 live charges · oldest 20.8y

65/100
clean up first

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

  • · Oldest live charge is 20.8 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 (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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Average employees11001000

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-04-06
    ➕
    NEILANDS, Blair John appointed
    director
  5. 2024-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-01-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2019-01-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2018-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-11-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2017-11-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2017-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-09-22
    📄
    capital-allotment-shares
    capital · SH01
  18. 2016-04-25
    ➕
    WHELLANS, Ronald appointed
    secretary
  19. 2012-10-18
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  20. 2008-06-30
    ➖
    BALLANTYNE, Sandra Jane resigned
    secretary
  21. 2006-03-07
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 2005-09-22
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 2005-07-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 2005-06-30
    🏢
    Company incorporated
    As BASE-LINE DEVELOPMENTS LIMITED
  25. 2005-06-30
    ➕
    WHELLANS, Ronald appointed
    director
  26. 2005-06-30
    ➕
    BALLANTYNE, Sandra Jane appointed
    secretary
  27. 2005-06-30
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  28. 2005-06-30
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  29. 2005-06-30
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  30. 2005-06-30
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

76/100
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 63. 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.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ronald Whellans
Individual · British · DOB 04/1963 · age 63
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest11/07/2016

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
Incorporated2005-06-30
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Unit 19 Macmerry Industrial Estate
Macmerry
Tranent
East Lothian
EH33 1RD

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12

Officers (3 active · 3 resigned)

WHELLANS, Ronald→
secretary · appointed 2016-04-25
View their other companies + combined net worth →
Active
NEILANDS, Blair John→
director · ~39y · appointed 2024-04-06
View their other companies + combined net worth →
Active
WHELLANS, Ronald→
director · ~63y · appointed 2005-06-30
View their other companies + combined net worth →
Active
BALLANTYNE, Sandra Jane→
secretary · appointed 2005-06-30 · resigned 2008-06-30
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-06-30 · resigned 2005-06-30
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-06-30 · resigned 2005-06-30
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/10/2012—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property07/03/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/09/2005—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/07/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (68 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-26
appoint-person-director-company-with-name-date
officers · AP01
2024-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-06
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-19