ANTAEUS DEVELOPMENTS LTD.
🌳Matureactive
SC369881 · ltd · incorporated 2009-12-09
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£185.9k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueAsset-holding vehicle with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 61). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 15.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £185,867
Cash YoY
-21%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£67k
↓ 21% YoY
Net Worth
£186k
~ YoY
Current Assets
£136k
↑ 1.1% 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 | £185.9k | £185.3k |
| Current assets | £135.9k | £134.4k |
| Cash | £67.1k | £84.4k |
| Debtors | £68.8k | £50.0k |
| Net assets | £185.9k | £185.3k |
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 (28 events)Click to expand
- 2025-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-06📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-24🔓Charge satisfied #3
- 2022-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-09📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2019-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-21🔒Charge registered #3Lender: Ian William Reid
- 2018-09-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-06-24🔓Charge satisfied #2
- 2015-06-24🔓Charge satisfied #1
- 2011-09-07🔒Charge registered #2Lender: Bank of Scotland PLC
- 2010-11-08🔒Charge registered #1Lender: Bank of Scotland PLC
- 2009-12-09🏢Company incorporatedAs ANTAEUS DEVELOPMENTS LTD.
- 2009-12-09➕REID, John Scott appointeddirector
- 2009-12-09➕REID, William Mark appointeddirector
- 2009-12-09➕BRIAN REID LTD. appointedcorporate-secretary
- 2009-12-09➖BRIAN REID LTD. resignedcorporate-secretary
- 2009-12-09➕MABBOTT, Stephen George appointeddirector
- 2009-12-09➖MABBOTT, Stephen George resigneddirector
Owner dependency
84/100
Critical — business is the founderThe 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 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanNo 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 John Scott Reid Individual · British · DOB 12/1965 · age 61 | — | — | board controlboard control | 06/04/2016 |
Mr William Mark Reid Individual · Scottish · DOB 12/1967 · age 59 | — | — | board controlboard 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.
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|---|---|---|---|---|---|---|---|
| A&R PLASTERING & ROUGHCASTING LTD→ SC779105 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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| ANDERLEE JOINERY SERVICES LIMITED→ SC530730 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ANTONINE INFRASTRUCTURE LTD→ SC880767 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated2009-12-09
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
162 Glenpark Street
Glasgow
G31 1PG
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09
Officers (2 active · 2 resigned)
REID, John Scott→
Activedirector · ~61y · appointed 2009-12-09
View their other companies + combined net worth →
REID, William Mark→
Activedirector · ~59y · appointed 2009-12-09
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2009-12-09 · resigned 2009-12-09
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2009-12-09 · resigned 2009-12-09
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ian William Reid | A registered charge | — | 21/05/2019 | 24/08/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 07/09/2011 | 24/06/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 08/11/2010 | 24/06/2015 |
Recent filings (47 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-08
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-09
change-person-director-company-with-change-date
officers · CH01
2022-12-06
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-25