PROJCO (ST ANDREWS HOSPITAL) LIMITED

🌳Matureactive

SC324992 · ltd · incorporated 2007-06-06

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 18.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 5 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 18.4y

50/100

clean up first

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

· Oldest live charge is 18.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

22 officers (3 active, 22 linked, 17 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

14 connected companies via shared directors

Filing history

115 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (69 events)Click to expand

2025-07-24
📄
accounts-with-accounts-type-small
accounts · AA
2025-06-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-04
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2024-07-23
📄
accounts-with-accounts-type-small
accounts · AA
2024-06-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-19
🔒
Charge registered #7
Lender: Landesbank Baden-Württemberg (As Security Trustee)
2024-04-18
🔒
Charge registered #6
Lender: Landesbank Baden-Württemberg (As Security Trustee)
2023-06-08
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-01
📄
accounts-with-accounts-type-small
accounts · AA
2022-07-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-30
➖
SIMPSON, Kenneth John resigned
director
2022-06-28
📄
accounts-with-accounts-type-small
accounts · AA
2022-06-08
📄
change-person-director-company-with-change-date
officers · CH01
2022-06-08
📄
change-person-director-company-with-change-date
officers · CH01
2022-06-08
📄
change-person-director-company-with-change-date
officers · CH01
2022-06-06
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2022-05-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-05-11
➕
GROTE GANSEY, Marcel appointed
director
2022-01-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-31
➖
BALFOUR, Ion Bruce resigned
director
2021-12-17
➖
GALE, Edward James resigned
director
2021-12-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-01
➕
GALE, Edward James appointed
director
2021-10-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-10
📄
accounts-with-accounts-type-small
accounts · AA
2018-11-19
➕
COVINGTON, Nicola appointed
director
2017-09-30
➖
COVINGTON, Nicola resigned
director
2017-09-30
➕
SIMPSON, Kenneth John appointed
director
2016-09-30
➕
COVINGTON, Nicola appointed
director
2016-09-30
➖
KUN-DARBOIS, Fabrice Etienne Marie resigned
director
2014-11-20
➕
BALFOUR, Ion Bruce appointed
director
2014-11-20
➕
KUN-DARBOIS, Fabrice Etienne Marie appointed
director
2014-11-20
➖
ROSHIER, Angela Louise resigned
director
2014-11-20
➖
WADDINGTON, Adam George resigned
director
2013-06-11
➖
FREEMAN, Andrew Derek resigned
director
2013-06-11
➕
WADDINGTON, Adam George appointed
director
2011-10-05
➕
FREEMAN, Andrew Derek appointed
director
2011-10-05
➖
KOOLHAAS, Engel Johan Roelof resigned
director
2011-10-05
➖
NASH, Paul William resigned
director
2011-10-05
➕
ROSHIER, Angela Louise appointed
director
2011-07-20
➕
PARIO LIMITED appointed
corporate-secretary
2011-07-20
➖
WHITE, Alison Scillitoe resigned
secretary
2011-07-01
➖
FULLERTON, Robert Souter resigned
director
2011-07-01
➖
SIMMONS, Lee Richard resigned
director
2011-07-01
➖
TAIT, Alison Jane resigned
director
2010-10-01
➖
NAAFS, Albert Hendrik resigned
director
2009-11-02
➕
WHITE, Alison Scillitoe appointed
secretary
2009-10-30
➖
MONEY, Paul David resigned
secretary

Showing most recent 50 of 69 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 low

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Topco (St Andrews Hospital) Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Topco (St Andrews Hospital) Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

PROJCO (ST ANDREWS HOSPITAL) LIMITED

This company · SC324992

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%

Name	Shares	Voting rights	Nature of control	Notified
Topco (St Andrews Hospital) Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	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 →

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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

Incorporated2007-06-06

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

2nd Floor 2 Lochside View

Edinburgh

EH12 9DH

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-20

Last: 2025-06-06

Officers (3 active · 19 resigned)

PARIO LIMITED→

corporate-secretary · appointed 2011-07-20

View their other companies + combined net worth →

Active

COVINGTON, Nicola→

director · ~49y · appointed 2018-11-19

View their other companies + combined net worth →

Active

GROTE GANSEY, Marcel→

director · ~57y · appointed 2022-05-11

View their other companies + combined net worth →

Active

MONEY, Paul David→

secretary · appointed 2007-06-29 · resigned 2009-10-30

Resigned

WHITE, Alison Scillitoe→

secretary · appointed 2009-11-02 · resigned 2011-07-20

Resigned

PINSENT MASONS SECRETARIAL LIMITED→

corporate-secretary · appointed 2007-06-06 · resigned 2007-06-29

Resigned

BALFOUR, Ion Bruce→

director · ~63y · appointed 2014-11-20 · resigned 2021-12-31

Resigned

COVINGTON, Nicola→

director · ~49y · appointed 2016-09-30 · resigned 2017-09-30

Resigned

FREEMAN, Andrew Derek→

director · ~48y · appointed 2011-10-05 · resigned 2013-06-11

Resigned

FULLERTON, Robert Souter→

director · ~74y · appointed 2008-04-25 · resigned 2011-07-01

Resigned

GALE, Edward James→

director · ~35y · appointed 2021-10-01 · resigned 2021-12-17

Resigned

KOOLHAAS, Engel Johan Roelof→

director · ~66y · appointed 2008-02-08 · resigned 2011-10-05

Resigned

KUN-DARBOIS, Fabrice Etienne Marie→

director · ~40y · appointed 2014-11-20 · resigned 2016-09-30

Resigned

NAAFS, Albert Hendrik→

director · ~61y · appointed 2008-02-08 · resigned 2010-10-01

Resigned

NASH, Paul William→

director · ~59y · appointed 2008-05-21 · resigned 2011-10-05

Resigned

RICHARDS, Andrew Scott→

director · ~54y · appointed 2007-06-29 · resigned 2008-07-01

Resigned

ROSHIER, Angela Louise→

director · ~51y · appointed 2011-10-05 · resigned 2014-11-20

Resigned

SIMMONS, Lee Richard→

director · ~56y · appointed 2007-06-29 · resigned 2011-07-01

Resigned

SIMPSON, Kenneth John→

director · ~61y · appointed 2017-09-30 · resigned 2022-06-30

Resigned

TAIT, Alison Jane→

director · ~50y · appointed 2008-07-01 · resigned 2011-07-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
outstanding	Landesbank Baden-Württemberg (As Security Trustee)	A registered charge	—	19/04/2024	—
outstanding	Landesbank Baden-Württemberg (As Security Trustee)	A registered charge	—	18/04/2024	—
outstanding	Dexia Management Services Dexia Management Services Limited	Assignation in security	1 property	28/02/2008	—
outstanding	Dexia Management Services Dexia Management Services Limited	Cash collateral account security	1 property	21/11/2007	—
outstanding	Dexia Management Services Dexia Management Services Limited	Assignation in security	1 property	21/11/2007	—
outstanding	Dexia Management Services Dexia Management Services Limited	Floating charge	1 property	21/11/2007	—
outstanding	Dexia Management Services Dexia Management Services Limited	Fixed charge	1 property	21/11/2007	—

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

Recent filings (115 total)

accounts-with-accounts-type-small

accounts · AA

2025-07-24

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-06

change-person-director-company-with-change-date

officers · CH01

2025-06-04

change-corporate-secretary-company-with-change-date

officers · CH04

2025-06-04

accounts-with-accounts-type-small

accounts · AA

2024-07-23

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-12

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-06-12

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-05-03

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-04-30

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-08

change-person-director-company-with-change-date

officers · CH01

2023-06-08

accounts-with-accounts-type-small

accounts · AA

2023-06-01

termination-director-company-with-name-termination-date

officers · TM01

2022-07-04

accounts-with-accounts-type-small

accounts · AA

2022-06-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-08