ALTAIR CONSTRUCTION & DEVELOPMENT LIMITED

🌳Matureactive
SC450961 · ltd · incorporated 2013-05-28
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.7y old — refinance window within 12 months
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 May 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 41202Construction of domestic buildings
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 60/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

1 live charge · oldest 12.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Average employees800600

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 (25 events)Click to expand
  1. 2025-07-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-05-21
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-04-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-06-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2024-04-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2024-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-05-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2023-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-05-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2023-04-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2022-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-06-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2022-05-07
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  18. 2022-04-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2021-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-04-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2013-09-20
    CROSS, Linda appointed
    director
  22. 2013-09-16
    🔒
    Charge registered #1
    Lender: Energy Management Associates Limited
  23. 2013-05-28
    🏢
    Company incorporated
    As ALTAIR CONSTRUCTION & DEVELOPMENT LIMITED
  24. 2013-05-28
    SMITH, Kevan Michael appointed
    secretary
  25. 2013-05-28
    SMITH, Kevan Michael appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

64/100
Strong succession signal

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

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 13 years.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Linda Cross
Individual · British · DOB 03/1966 · age 60
2550%
25-50% shares02/04/2024
Mr Kevan Michael Smith
Individual · British · DOB 11/1961 · age 65
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2013-05-28
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

Coneyhatch House Stonehaven North
Netherley
Stonehaven
AB39 3QE
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (3 active · 0 resigned)

SMITH, Kevan Michael
secretary · appointed 2013-05-28
View their other companies + combined net worth →
Active
CROSS, Linda
director · ~60y · appointed 2013-09-20
View their other companies + combined net worth →
Active
SMITH, Kevan Michael
director · ~65y · appointed 2013-05-28
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Energy Management Associates
Energy Management Associates Limited
A registered charge1 property16/09/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-18
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-05-21
gazette-notice-compulsory
gazette · GAZ1
2025-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-01
gazette-notice-compulsory
gazette · GAZ1
2024-04-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-24
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-19
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-05-11