DAVID C CASSIE LIMITED

💤Zombieactive
SC338770 · ltd · incorporated 2008-03-03
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Mar 2025
Net worth
£35.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
ALSO REGISTERED FOR
  • 43320Joinery installation
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). 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).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £34,989
Cash YoY
+61%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£37k
↑ 61% YoY
Net Worth
£35k
↑ 56% YoY
Current Assets
£40k
↑ 59% YoY
Current Liabilities
—
£0£8k£16k£24k£32k£40kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£36.4k£24.3k
Current assets£39.8k£25.0k
Cash£36.5k£22.7k
Debtors£3.3k£2.4k
Net assets£35.0k£22.4k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-11-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-11-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-11-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-11-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-03-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2020-11-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-11-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-10-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2018-10-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-10-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2018-03-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-08-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-12-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2008-04-15
    ➕
    CASSIE, David Charles appointed
    director
  17. 2008-04-10
    ➕
    PIERACCINI, Yvonne appointed
    secretary
  18. 2008-03-04
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-secretary
  19. 2008-03-04
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-director
  20. 2008-03-03
    🏢
    Company incorporated
    As DAVID C CASSIE LIMITED
  21. 2008-03-03
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-secretary
  22. 2008-03-03
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "CASSIE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Charles Cassie
Individual · British · DOB 09/1965 · age 61
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
COMPASS BUILDING AND CONSTRUCTION SERVICES LTD→
SC355872 · est 2009
£8.17M
£5.83M–£10.50M
——12817y8253y
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SC265415 · est 2004
£5.89M
£4.21M–£7.58M
——42622y8468y
HIGHLAND METALS LIMITED→
SC061436 · est 1976
£3.87M
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——3549y8871y
HIGHLAND DEEPHAVEN LIMITED→
SC050016 · est 1972
£1.97M
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——454y8371y
CRANLOCH LIMITED→
SC237023 · est 2002
——£10.4k—23y8368y
DARROCH & ALLAN (JOINERS & BUILDERS) LIMITED→
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——£1.07M—24y8365y
DUNELAND LIMITED→
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———20029y8374y
ERG (SCOTLAND) LIMITED→
SC195590 · est 1999
————27y8359y
HIGHLAND HEATING MANAGEMENT LIMITED→
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———2020y8358y
LEWISTON ARMS LIMITED→
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——£32.6k—19y8373y
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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
Incorporated2008-03-03
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

26 Westfield Brae
Westhill
Inverness
Highland
IV2 5TL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (2 active · 2 resigned)

PIERACCINI, Yvonne→
secretary · appointed 2008-04-10
View their other companies + combined net worth →
Active
CASSIE, David Charles→
director · ~61y · appointed 2008-04-15
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD→
corporate-secretary · appointed 2008-03-03 · resigned 2008-03-04
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-director · appointed 2008-03-03 · resigned 2008-03-04
Resigned

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

Recent filings (50 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-09