ANTARES PROPERTY DEVELOPMENT LIMITED

🌳Matureactive
SC460023 · ltd · incorporated 2013-09-25
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.
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 7.3y 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 Sept 2024
Net worth
£-41.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68209Other letting and operating of own or leased real estate
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 (68/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 7.3y

70/100
ready

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

  • · Oldest live charge is 7.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
59 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
75
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 · FRS 102
Negative net assets
Liabilities exceed assets by £41,266
Cash YoY
+321%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£10k
↑ 321% YoY
Net Worth
-£41k
↑ 52% YoY
Current Assets
£4.5m
↑ 21% YoY
Current Liabilities
—
-£86k£832k£1.7m£2.7m£3.6m£4.5mSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£873.7k£-85.8k
Current assets£4.50M£3.71M
Cash£10.0k£2.4k
Debtors£321.7k£171.0k
Net assets£-41.3k£-85.8k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-02-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-02-09
    🔒
    Charge registered #4
    Lender: Handelsbanken PLC
  6. 2023-11-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-11-13
    🔒
    Charge registered #3
    Lender: Handelsbanken PLC
  8. 2023-09-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-08-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-10-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-09-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-09-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2021-09-02
    🔓
    Charge satisfied #2
  20. 2021-09-02
    🔓
    Charge satisfied #1
  21. 2021-08-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  22. 2021-04-12
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  23. 2021-04-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2021-04-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2021-03-31
    ➖
    CROSS, Thomas Patrick resigned
    director
  26. 2019-01-25
    🔒
    Charge registered #2
    Lender: Miss Elsie Ewan Duguid
  27. 2019-01-22
    🔒
    Charge registered #1
    Lender: Miss Elsie Ewan Duguid
  28. 2014-09-24
    ➕
    CROSS, Thomas Patrick appointed
    director
  29. 2013-09-25
    🏢
    Company incorporated
    As ANTARES PROPERTY DEVELOPMENT LIMITED
  30. 2013-09-25
    ➕
    CROSS, Linda appointed
    secretary
  31. 2013-09-25
    ➕
    CROSS, Linda appointed
    director
  32. 2013-09-25
    ➕
    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

69/100
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.
  • 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Linda Cross
Individual · British · DOB 03/1966 · age 60
50–75%
50–75%50-75% shares · 50-75% voting25/09/2016
1 historic (ceased) PSC
  • Mr Thomas Patrick Crossceased 31/03/2021· 25-50% shares · 25-50% voting

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
Incorporated2013-09-25
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

Coneyhatch House Stonehaven North
Netherley
Stonehaven
AB39 3QE
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-09
Last: 2025-09-25

Officers (3 active · 1 resigned)

CROSS, Linda→
secretary · appointed 2013-09-25
View their other companies + combined net worth →
Active
CROSS, Linda→
director · ~60y · appointed 2013-09-25
View their other companies + combined net worth →
Active
SMITH, Kevan Michael→
director · ~65y · appointed 2013-09-25
View their other companies + combined net worth →
Active
CROSS, Thomas Patrick→
director · ~65y · appointed 2014-09-24 · resigned 2021-03-31
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property09/02/2024—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property13/11/2023—
satisfied
Miss Elsie Ewan Duguid
A registered charge1 property25/01/201902/09/2021
satisfied
Miss Elsie Ewan Duguid
A registered charge—22/01/201902/09/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-15
gazette-filings-brought-up-to-date
gazette · DISS40
2023-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
gazette-notice-compulsory
gazette · GAZ1
2023-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-27
change-person-director-company-with-change-date
officers · CH01
2022-06-27