HORSESHOE DEVELOPMENTS (PORT GLASGOW) LIMITED
🌳Matureactive
SC315228 · ltd · incorporated 2007-01-24
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 19.0y old — refinance window within 12 months
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£132.9k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 68-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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
2 live charges · oldest 19.0y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.0 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £132,943
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£133k
↑ 14% YoY
Current Assets
£85k
↓ 8.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £155.9k | £153.7k |
| Current assets | £85.4k | £93.0k |
| Net assets | £132.9k | £116.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
7
filings
- • 4 persons-with-significant-control
- • 1 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-06📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2026-01-05📄capital-allotment-sharescapital · SH01
- 2025-10-01➕LUKE, Duncan William appointeddirector
- 2025-10-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-30➖CARRICK, Jill resigneddirector
- 2025-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-12📄capital-return-purchase-own-sharescapital · SH03
- 2022-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-09📄capital-return-purchase-own-sharescapital · SH03
- 2020-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-05-01➕HENDRY, Alasdair William appointeddirector
- 2013-01-01➖GILMORE, Alexander resignedsecretary
- 2013-01-01➖GILMORE, Alexander resigneddirector
- 2011-08-01➖CUNNINGHAM, Norman resignedsecretary
- 2011-08-01➕GILMORE, Alexander appointedsecretary
- 2011-08-01➖CUNNINGHAM, Norman resigneddirector
- 2009-03-24➕KINDNESS, John Lawrie appointeddirector
- 2009-03-24➕CARRICK, Jill appointeddirector
- 2008-10-01➕CUNNINGHAM, Norman appointeddirector
- 2007-10-24🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2007-06-25🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2007-01-24🏢Company incorporatedAs HORSESHOE DEVELOPMENTS (PORT GLASGOW) LIMITED
- 2007-01-24➕CUNNINGHAM, Norman appointedsecretary
- 2007-01-24➕FIRST SCOTTISH SECRETARIES LIMITED appointedcorporate-secretary
- 2007-01-24➖FIRST SCOTTISH SECRETARIES LIMITED resignedcorporate-secretary
- 2007-01-24➕GILMORE, Alexander appointeddirector
- 2007-01-24➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-director
- 2007-01-24➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 17 years.
- 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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Lawrie Kindness Individual · British · DOB 08/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/10/2025 |
Mr Alasdair William Hendry Individual · British · DOB 06/1958 · age 68 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/10/2025 |
Mr Duncan William Luke Individual · British · DOB 02/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/10/2025 |
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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GANDER EQUITIES LIMITED→ SC038884 · est 1963 | £5.39M £4.58M–£6.20M | — | £5.39M | — | 62y | 83 | 87y |
| DOMINPLAN PROPERTY CO. LIMITED→ SC039504 · est 1963 | £1.92M £1.63M–£2.21M | — | £1.92M | — | 62y | 83 | 89y |
| NEWTON PROPERTY MANAGEMENT LTD.→ SC224378 · est 2001 | £1.45M £1.23M–£1.66M | — | £1.45M | — | 24y | 83 | 70y |
| MILBEAR HOLDINGS (GLASGOW) LIMITED→ SC046691 · est 1969 | £974.3k £828.2k–£1.12M | — | £974.3k | — | 56y | 83 | 101y |
| CITYPROP INVESTMENTS LTD.→ SC157489 · est 1995 | £927.3k £788.2k–£1.07M | — | £927.3k | — | 31y | 83 | 87y |
| CALEDONIA WATERFRONT (HARBOUR ROAD) LIMITED→ SC345086 · est 2008 | £623.3k £529.8k–£716.8k | — | £623.3k | — | 17y | 83 | 70y |
| INNOVATION PROPERTIES LIMITED→ SC312436 · est 2006 | £444.7k £378.0k–£511.4k | — | £444.7k | — | 19y | 83 | 86y |
| OREBLOCK LIMITED→ SC161313 · est 1995 | £146.5k £124.6k–£168.5k | — | £146.5k | — | 30y | 83 | 69y |
| BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974 | £117.8k £100.1k–£135.5k | — | £117.8k | — | 52y | 83 | 59y |
| GALEN PROPERTIES LTD→ SC283636 · est 2005 | £64.1k £54.5k–£73.7k | — | £64.1k | — | 21y | 83 | 62y |
| LEMAY INVESTMENTS LIMITED→ SC253839 · est 2003 | £53.3k £45.3k–£61.3k | — | £53.3k | — | 22y | 83 | 70y |
| CAIRN LETTING LIMITED→ SC210819 · est 2000 | £40.0k £34.0k–£46.0k | — | £40.0k | — | 25y | 83 | 58y |
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
Incorporated2007-01-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
23 Kilbowie Road
Clydebank
Glasgow
G81 8TL
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-04
Last: 2025-12-21
Officers (3 active · 7 resigned)
HENDRY, Alasdair William→
Activedirector · ~68y · appointed 2015-05-01
View their other companies + combined net worth →
KINDNESS, John Lawrie→
Activedirector · ~61y · appointed 2009-03-24
View their other companies + combined net worth →
LUKE, Duncan William→
Activedirector · ~61y · appointed 2025-10-01
View their other companies + combined net worth →
CUNNINGHAM, Norman→
Resignedsecretary · appointed 2007-01-24 · resigned 2011-08-01
GILMORE, Alexander→
Resignedsecretary · appointed 2011-08-01 · resigned 2013-01-01
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2007-01-24 · resigned 2007-01-24
CARRICK, Jill→
Resigneddirector · ~64y · appointed 2009-03-24 · resigned 2025-09-30
CUNNINGHAM, Norman→
Resigneddirector · ~72y · appointed 2008-10-01 · resigned 2011-08-01
GILMORE, Alexander→
Resigneddirector · ~76y · appointed 2007-01-24 · resigned 2013-01-01
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-director · appointed 2007-01-24 · resigned 2007-01-24
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 24/10/2007 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/06/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (72 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-06
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2026-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-06
capital-allotment-shares
capital · SH01
2026-01-05
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-22
capital-return-purchase-own-shares
capital · SH03
2022-08-12