BANNACHRA DEVELOPMENTS LIMITED

🌳Matureactive
SC303367 · ltd · incorporated 2006-06-05
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 9.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-40.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 56102Unlicenced restaurants and cafes
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 9.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 9.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
58 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)
Negative net assets
Liabilities exceed assets by £40,439
Net assets shrinking
Down £87,967 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£40k
↓ 185% YoY
Current Assets
£6k
↑ 13% YoY
Current Liabilities
—
-£40k-£23k-£5k£12k£30k£48kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£84.2k£93.0k
Current assets£5.6k£4.9k
Net assets£-40.4k£47.5k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-08-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-01-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-07-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2020-01-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-04-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-01-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-01-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-01-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2019-01-08
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  14. 2019-01-03
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  15. 2019-01-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2019-01-02
    🔓
    Charge satisfied #1
  17. 2017-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2016-11-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2016-10-20
    🔒
    Charge registered #1
    Lender: Edinburgh Alternative Finance Limited (Trading as Lending Crowd)
  20. 2016-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2014-11-25
    ➕
    BLAIR, Helen Elizabeth appointed
    director
  22. 2006-06-05
    🏢
    Company incorporated
    As BANNACHRA DEVELOPMENTS LIMITED
  23. 2006-06-05
    ➕
    BLAIR, John Wilson appointed
    secretary
  24. 2006-06-05
    ➕
    BLAIR, John Simon appointed
    director
  25. 2006-06-05
    ➕
    BLAIR, John Wilson appointed
    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
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100
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 79 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 20 years.
  • 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

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 John Wilson Blair
Individual · British · DOB 12/1947 · age 79
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Helen Elizabeth Blair
Individual · British · DOB 02/1947 · age 79
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated2006-06-05
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

80 Argyll Street
Dunoon
PA23 7NE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (4 active · 0 resigned)

BLAIR, John Wilson→
secretary · appointed 2006-06-05
View their other companies + combined net worth →
Active
BLAIR, Helen Elizabeth→
director · ~79y · appointed 2014-11-25
View their other companies + combined net worth →
Active
BLAIR, John Simon→
director · ~51y · appointed 2006-06-05
View their other companies + combined net worth →
Active
BLAIR, John Wilson→
director · ~79y · appointed 2006-06-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property08/01/2019—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge—03/01/2019—
satisfied
Edinburgh Alternative Finance (Trading as Lending Crowd)
Edinburgh Alternative Finance Limited (Trading as Lending Crowd)
A registered charge—20/10/201602/01/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-06
change-person-director-company-with-change-date
officers · CH01
2020-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-18