LOCHAY HOMES LIMITED

📈Growthactive
SC369988 · ltd · incorporated 2009-12-10
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 Sept 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Conservative operator with a 71-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).

🏦

Refinance opportunity

16 live charges · 5 lenders · oldest 14.9y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 14.9 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 48/100 (high).

Data confidence

Overall: high (83/100)

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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 7 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,896,634

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Profit before tax£1.90M£879.2k
Average employees141400

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

🔒Filing-note intelligence

2 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
6
filings
  • • 3 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
7
filings
  • • 4 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (73 events)Click to expand
  1. 2026-04-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-04-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-01
    ➖
    THOMSON, William George Ritchie resigned
    director
  4. 2026-03-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-03-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2025-12-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-12-01
    ➕
    WYLES, Andrew appointed
    director
  9. 2025-11-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-11-16
    ➕
    HENDERSON, Ian Gordon appointed
    director
  11. 2025-07-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-07-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2025-06-30
    ➖
    MACLEAN, Catriona Ishbel resigned
    secretary
  14. 2025-06-30
    ➖
    MACLEAN, Catriona Ishbel resigned
    director
  15. 2025-06-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2025-05-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2025-05-08
    🔓
    Charge satisfied #16
  18. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2025-01-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2025-01-29
    🔓
    Charge satisfied #15
  29. 2025-01-29
    🔓
    Charge satisfied #14
  30. 2025-01-29
    🔓
    Charge satisfied #13
  31. 2025-01-29
    🔓
    Charge satisfied #11
  32. 2025-01-29
    🔓
    Charge satisfied #10
  33. 2025-01-29
    🔓
    Charge satisfied #6
  34. 2025-01-29
    🔓
    Charge satisfied #5
  35. 2025-01-29
    🔓
    Charge satisfied #4
  36. 2025-01-29
    🔓
    Charge satisfied #3
  37. 2025-01-29
    🔓
    Charge satisfied #2
  38. 2025-01-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  39. 2025-01-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  40. 2025-01-28
    🔓
    Charge satisfied #12
  41. 2025-01-28
    🔓
    Charge satisfied #7
  42. 2023-09-22
    🔒
    Charge registered #16
    Lender: William George Ritchie Thomson
  43. 2023-09-18
    🔓
    Charge satisfied #1
  44. 2023-05-26
    🔓
    Charge satisfied #9
  45. 2022-12-01
    ➕
    MACLEAN, Catriona Ishbel appointed
    director
  46. 2022-03-15
    🔒
    Charge registered #15
    Lender: Jane Vivien Thomson
  47. 2022-03-15
    🔒
    Charge registered #14
    Lender: Jane Vivien Thomson
  48. 2022-03-15
    🔒
    Charge registered #13
    Lender: Jane Vivien Thomson
  49. 2022-03-15
    🔒
    Charge registered #12
    Lender: Jane Vivien Thomson
  50. 2021-01-22
    🔒
    Charge registered #11
    Lender: Jane Vivien Thomson
Showing most recent 50 of 73 events

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 16 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MACLEAN, Catriona Ishbel resigned 2025-06-30; MACLEAN, Catriona Ishbel resigned 2025-06-30; THOMSON, William George Ritchie resigned 2026-04-01

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Lochay Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lochay Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LOCHAY HOMES LIMITED
This company · SC369988

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Lochay Group Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
Mr Andrew Richard Reid
Individual · British · DOB 09/1955 · age 71
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr William George Ritchie Thomsonceased 01/04/2026· significant influence

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
Incorporated2009-12-10
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

28 Stafford Street
Edinburgh
EH3 7BD

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (4 active · 7 resigned)

HENDERSON, Ian Gordon→
director · ~57y · appointed 2025-11-16
View their other companies + combined net worth →
Active
REID, Andrew Richard→
director · ~71y · appointed 2010-07-27
View their other companies + combined net worth →
Active
THOMSON, James Douglas Ritchie→
director · ~46y · appointed 2016-04-05
View their other companies + combined net worth →
Active
WYLES, Andrew→
director · ~64y · appointed 2025-12-01
View their other companies + combined net worth →
Active
CRAWFORD, Daisy Eileen→
secretary · appointed 2009-12-22 · resigned 2011-07-14
Resigned
CUNNINGHAM, Hannah Christine→
secretary · appointed 2011-07-14 · resigned 2013-02-24
Resigned
MACLEAN, Catriona Ishbel→
secretary · appointed 2013-02-24 · resigned 2025-06-30
Resigned
DAVIDSON CHALMERS (SECRETARIAL SERVICES) LIMITED→
corporate-secretary · appointed 2009-12-10 · resigned 2009-12-22
Resigned
FYFE, Alison→
director · ~65y · appointed 2017-07-01 · resigned 2019-06-15
Resigned
MACLEAN, Catriona Ishbel→
director · ~59y · appointed 2022-12-01 · resigned 2025-06-30
Resigned
THOMSON, William George Ritchie→
director · ~76y · appointed 2009-12-10 · resigned 2026-04-01
Resigned

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

Mortgages & charges

16
Total charges
1
Outstanding
1
Active lenders
Status:Lender:16 of 16 shown
TypeProperties
satisfied
William George Ritchie Thomson
A registered charge1 property22/09/202308/05/2025
satisfied
Jane Vivien Thomson
A registered charge1 property15/03/202229/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property15/03/202229/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property15/03/202229/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property15/03/202228/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property22/01/202129/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property24/12/202029/01/2025
satisfied
The Scottish Ministers
A registered charge2 properties24/08/202026/05/2023
outstanding
Scottish Water
A registered charge2 properties22/07/2020—
satisfied
Jane Vivien Thomson
A registered charge1 property19/05/202028/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property03/02/201629/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property03/02/201629/01/2025
satisfied
Jane Vivien Thomson
A registered charge1 property03/02/201629/01/2025
satisfied
Jane Vivien Thomson
Standard security1 property06/07/201129/01/2025
satisfied
Jane Vivien Thomson
Standard security1 property06/07/201129/01/2025
satisfied
Jane Thomson
Bond & floating charge1 property28/06/201118/09/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-09
termination-director-company-with-name-termination-date
officers · TM01
2026-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
change-person-director-company-with-change-date
officers · CH01
2026-03-19
change-person-director-company-with-change-date
officers · CH01
2026-03-18
accounts-with-accounts-type-full
accounts · AA
2026-03-03
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
appoint-person-director-company-with-name-date
officers · AP01
2025-11-18
termination-director-company-with-name-termination-date
officers · TM01
2025-07-22
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-22
accounts-with-accounts-type-full
accounts · AA
2025-06-23
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-29