FERENEZE DEVELOPMENTS LIMITED
💤Zombieactive
SC403604 · ltd · incorporated 2011-07-15
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
🏦
Refinance opportunity
1 live charge · oldest 3.0y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 3.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 | 2023-07-24 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-01-30➖MEECHAN, Martin James resigneddirector
- 2026-01-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-02-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-05🔒Charge registered #1Lender: The Mortgage Lender Limited
- 2023-04-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-03-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-05-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-01-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-01-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-01-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-06-30➖MEECHAN, Martin James resignedsecretary
- 2020-06-01➕MEECHAN, Martin James appointeddirector
- 2020-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-04-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-04-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-07-15🏢Company incorporatedAs FERENEZE DEVELOPMENTS LIMITED
- 2011-07-15➕MEECHAN, Ross Andrew appointeddirector
- 2011-07-15➕MEECHAN, Martin James appointedsecretary
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
58/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ross Andrew Meechan Individual · British · DOB 06/1980 · age 46 | 75–100% | — | 75-100% shares | 30/06/2020 |
1 historic (ceased) PSC
- Mr Martin James Meechanceased 30/06/2020· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Active · Property · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DXB-GLA LTD→ SC588988 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| EASYDONE LTD→ SC875754 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EDERLINE HOLDINGS LTD→ SC717217 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ELLA & LEWIS PROPERTIES LTD→ SC801222 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ELLIE COTTAGES PRIVATE LIMITED→ SC853395 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EMBARK PROPERTIES LTD→ SC877131 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EMMERSON HOMES LIMITED→ SC553330 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| F&F CAMPBELTOWN LTD→ SC868782 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FAIRLIE PROPERTY GROUP LTD→ SC882997 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FENECH MILLER HOLDINGS LTD→ SC785358 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FEOCHAN PROPERTY LIMITED→ SC824628 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FERNOCH LIMITED→ SC301506 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
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
Incorporated2011-07-15
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
12 Greenlaw Drive
Paisley
Renfrewshire
PA1 3RU
Filing status
Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06
Officers (1 active · 2 resigned)
MEECHAN, Ross Andrew→
Activedirector · ~46y · appointed 2011-07-15
View their other companies + combined net worth →
MEECHAN, Martin James→
Resignedsecretary · appointed 2011-07-15 · resigned 2020-06-30
MEECHAN, Martin James→
Resigneddirector · ~46y · appointed 2020-06-01 · resigned 2026-01-30
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 05/05/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-03
termination-director-company-with-name-termination-date
officers · TM01
2026-01-30
accounts-with-accounts-type-dormant
accounts · AA
2025-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-08
accounts-with-accounts-type-dormant
accounts · AA
2024-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-10
accounts-with-accounts-type-dormant
accounts · AA
2023-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
accounts-with-accounts-type-dormant
accounts · AA
2022-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
accounts-with-accounts-type-dormant
accounts · AA
2021-05-17
appoint-person-director-company-with-name-date
officers · AP01
2021-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-01-07