DREGHORN DEVELOPMENTS LIMITED

🌳Matureactive

SC319606 · ltd · incorporated 2007-03-26

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 closing · high confidence

Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.

· Hygiene score: 70 → 90
· Opportunity score: 74 → 83
· Bankability: 65 → 75
· Distress / opportunity: attractive → avoid

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 19.1y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

↑Opportunity score: 74 → 83
↑Hygiene score: 70 → 90
↑Bankability: 65 → 75
·Distress / opportunity: attractive → avoid

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 Mar 2025

Net worth

£194.4k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

Investor take

Pursue

Strong opportunity: property-backed borrower with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). 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

2 live charges · 2 lenders · oldest 19.1y

50/100

clean up first

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

· Oldest live charge is 19.1 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

12 connected companies via shared directors

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £194,424

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£194k

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£194.4k	£194.4k
Net assets	£194.4k	£194.4k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-10
📄
change-person-secretary-company-with-change-date
officers · CH03
2016-05-10
📄
change-person-secretary-company-with-change-date
officers · CH03
2015-10-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-05-14
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2011-05-10
➕
SHAND, Ian Mckenzie appointed
secretary
2011-05-10
➖
AS COMPANY SERVICES LIMITED resigned
corporate-secretary
2007-05-15
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2007-04-24
➕
SHAND, Ian Mckenzie appointed
director
2007-04-24
➕
WHITAKER, Kevin appointed
director
2007-04-24
➖
AS DIRECTOR LIMITED resigned
corporate-nominee-director
2007-03-26
🏢
Company incorporated
As DREGHORN DEVELOPMENTS LIMITED
2007-03-26
➕
ANDERSON STRATHERN WS appointed
corporate-nominee-secretary
2007-03-26
➖
ANDERSON STRATHERN WS resigned
corporate-nominee-secretary
2007-03-26
➕
AS COMPANY SERVICES LIMITED appointed
corporate-secretary
2007-03-26
➕
AS DIRECTOR LIMITED appointed
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 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

69/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Ian Mckenzie Shand Individual · British · DOB 01/1967 · age 59	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Kevin Whitaker Individual · British · DOB 09/1969 · age 57	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Property · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LANDWARD SECURITIES (EDINBURGH) LIMITED→ SC052040 · est 1972	£3.62M £3.07M–£4.16M	—	£3.62M	—	53y	83	62y
TEAM SCOTLAND LTD.→ SC282486 · est 2005	£1.97M £1.67M–£2.26M	—	£1.97M	—	21y	83	63y
GATEWAY GLASGOW LTD→ SC219530 · est 2001	£1.34M £1.14M–£1.54M	—	£1.34M	—	25y	83	64y
PAMABER PROPERTIES LIMITED→ SC147392 · est 1993	£1.21M £1.03M–£1.39M	—	£1.21M	—	32y	83	78y
LYNE PROPERTIES (EDINBURGH) LIMITED→ SC028226 · est 1951	£1.12M £947.9k–£1.28M	—	£1.12M	—	75y	83	85y
SANTOSHI ENTERPRISE LIMITED→ SC251221 · est 2003	£669.9k £569.4k–£770.4k	—	£669.9k	—	22y	83	64y
FACTOTUM (SCOTLAND) LIMITED→ SC246244 · est 2003	£338.5k £287.7k–£389.2k	—	£338.5k	—	23y	83	74y
THE OLD SAWMILL LIMITED→ SC299306 · est 2006	£28.1k £23.9k–£32.3k	—	£28.1k	—	20y	83	63y
REDS RELAX ENJOY DEVELOP LIMITED→ SC293103 · est 2005	£12.3k £10.4k–£14.1k	—	£12.3k	—	20y	83	60y
CODEBASE LTD→ SC437306 · est 2012	—	£11.72M	—	9600	13y	84	60y
CLOCKWORK PROPERTIES LIMITED→ SC197325 · est 1999	—	£400.3k	—	200	26y	83	55y
JEDDERFIELD INVESTMENTS LIMITED→ SC502005 · est 2015	—	£19.5k	—	0	11y	83	69y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2007-03-26

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

115 Lauriston Place

Edinburgh

Midlothian

EH3 9JG

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-09

Last: 2026-03-26

Officers (3 active · 3 resigned)

SHAND, Ian Mckenzie→

secretary · appointed 2011-05-10

View their other companies + combined net worth →

Active

SHAND, Ian Mckenzie→

director · ~59y · appointed 2007-04-24

View their other companies + combined net worth →

Active

WHITAKER, Kevin→

director · ~57y · appointed 2007-04-24

View their other companies + combined net worth →

Active

ANDERSON STRATHERN WS→

corporate-nominee-secretary · appointed 2007-03-26 · resigned 2007-03-26

Resigned

AS COMPANY SERVICES LIMITED→

corporate-secretary · appointed 2007-03-26 · resigned 2011-05-10

Resigned

AS DIRECTOR LIMITED→

corporate-nominee-director · appointed 2007-03-26 · resigned 2007-04-24

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	14/05/2012	—
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Bond & floating charge	1 property	15/05/2007	—

Click column headers to sort. Use filters above to narrow by status and lender.