ROSSIE PROPERTY DEVELOPMENT COMPANY LIMITED

💤Zombieactive
SC294859 · ltd · incorporated 2005-12-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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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
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 20.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 20.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees100100

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-02-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-02-11
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2022-02-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-01-18
    ➖
    CAVELLINI, Derek David resigned
    secretary
  9. 2021-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2021-03-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-02-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2021-02-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-02-05
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2021-01-18
    ➖
    CAVELLINI, Derek David resigned
    director
  17. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-08-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2018-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2015-08-10
    ➕
    CAVELLINI, Derek David appointed
    director
  21. 2012-08-29
    🔓
    Charge satisfied #3
  22. 2012-08-29
    🔓
    Charge satisfied #2
  23. 2012-05-23
    🔓
    Charge satisfied #1
  24. 2010-03-29
    ➖
    CAVELLINI, Brian Nicholas resigned
    secretary
  25. 2010-03-29
    ➕
    CAVELLINI, Derek David appointed
    secretary
  26. 2010-03-26
    ➖
    CRUICKSHANK, Angus William resigned
    director
  27. 2010-03-26
    ➖
    SALE, Paul resigned
    director
  28. 2009-06-15
    🔒
    Charge registered #3
    Lender: Elizabeth Maria Paterson
  29. 2006-06-23
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  30. 2006-04-28
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  31. 2006-01-16
    ➕
    SALE, Paul appointed
    director
  32. 2005-12-23
    🏢
    Company incorporated
    As ROSSIE PROPERTY DEVELOPMENT COMPANY LIMITED
  33. 2005-12-23
    ➕
    CAVELLINI, Brian Nicholas appointed
    director
  34. 2005-12-23
    ➕
    CAVELLINI, Brian Nicholas appointed
    secretary
  35. 2005-12-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 2005-12-23
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  37. 2005-12-23
    ➕
    CRUICKSHANK, Angus William appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

95/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Bricav Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bricav Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ROSSIE PROPERTY DEVELOPMENT COMPANY LIMITED
This company · SC294859

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bricav Ltd
Corporate entity
75–100%
—75-100% shares18/01/2021
2 historic (ceased) PSCs
  • Mr Brian Nicholas Cavelliniceased 25/02/2021· 25-50% shares
  • Mr Derek David Cavelliniceased 18/01/2021· 25-50% shares

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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—£6.31M—26y8361y
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—£164.5k—48y8284y
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—£84.0k—23y8376y
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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
Incorporated2005-12-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Sunnybank House
58 Jeanfield Road
Perth
PH1 1NZ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-06
Last: 2025-12-23

Officers (1 active · 6 resigned)

CAVELLINI, Brian Nicholas→
director · ~63y · appointed 2005-12-23
View their other companies + combined net worth →
Active
CAVELLINI, Brian Nicholas→
secretary · appointed 2005-12-23 · resigned 2010-03-29
Resigned
CAVELLINI, Derek David→
secretary · appointed 2010-03-29 · resigned 2022-01-18
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-12-23 · resigned 2005-12-23
Resigned
CAVELLINI, Derek David→
director · ~65y · appointed 2015-08-10 · resigned 2021-01-18
Resigned
CRUICKSHANK, Angus William→
director · ~67y · appointed 2005-12-23 · resigned 2010-03-26
Resigned
SALE, Paul→
director · ~58y · appointed 2006-01-16 · resigned 2010-03-26
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Elizabeth Maria Paterson
Standard security1 property15/06/200929/08/2012
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security2 properties23/06/200629/08/2012
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property28/04/200623/05/2012

Recent filings (77 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-11
appoint-person-director-company-with-name-date
officers · AP01
2022-02-11
termination-secretary-company-with-name-termination-date
officers · TM02
2022-02-11
termination-director-company-with-name-termination-date
officers · TM01
2022-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-03-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-12