ELSICK DEVELOPMENT COMPANY LIMITED

🌳Matureactive
SC347375 · ltd · incorporated 2008-08-20
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
year to Aug 2024
Net worth
£-20.55M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Urban planning and landscape architectural activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
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
Negative net assets
Liabilities exceed assets by £20,554,663

Key financials

2 years extracted from filed iXBRL accounts
Cash
£91k
Net Worth
-£21m
Current Assets
Current Liabilities
-£21m-£16m-£12m-£8.2m-£4.0m£91kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Cash£91.5k
Net assets£-20.55M
Average employees200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-08-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-05-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-08-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-06-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-07-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2021-05-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2020-06-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2019-06-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2018-06-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2017-06-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2017-04-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2016-09-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2016-09-13
    THE DUKE OF FIFE, David Charles Carnegie, His Grace appointed
    secretary
  14. 2016-06-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2015-12-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2015-12-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2008-08-20
    🏢
    Company incorporated
    As ELSICK DEVELOPMENT COMPANY LIMITED
  18. 2008-08-20
    THE DUCHESS OF FIFE, Caroline Anne, Her Grace appointed
    director
  19. 2008-08-20
    THE DUKE OF FIFE, David Charles Carnegie, His Grace 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Group structure

Southesk Company Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Southesk Company Limited
Corporate parent · holds 50-75% shares
majority
ELSICK DEVELOPMENT COMPANY LIMITED
This company · SC347375

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Southesk Company Limited
Corporate entity
5075%
50-75% shares06/04/2016
1 historic (ceased) PSC
  • Her Grace Caroline Anne The Duchess Of Fifeceased 01/11/2024· 25-50% shares

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
Incorporated2008-08-20
Jurisdictionscotland
Primary SIC71112 — Urban planning and landscape architectural activities

Registered office

Kinnaird Castle
Kinnaird Park
Brechin
Angus
DD9 6TZ
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-03
Last: 2025-08-20

Officers (3 active · 0 resigned)

THE DUKE OF FIFE, David Charles Carnegie, His Grace
secretary · appointed 2016-09-13
View their other companies + combined net worth →
Active
THE DUCHESS OF FIFE, Caroline Anne, Her Grace
director · ~65y · appointed 2008-08-20
View their other companies + combined net worth →
Active
THE DUKE OF FIFE, David Charles Carnegie, His Grace
director · ~65y · appointed 2008-08-20
View their other companies + combined net worth →
Active

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

Recent filings (50 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-20
accounts-with-accounts-type-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
accounts-with-accounts-type-small
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-22
accounts-with-accounts-type-small
accounts · AA
2023-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-25
accounts-with-accounts-type-small
accounts · AA
2022-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-20
accounts-with-accounts-type-small
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-20
accounts-with-accounts-type-small
accounts · AA
2020-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-23
accounts-with-accounts-type-small
accounts · AA
2019-06-04