DPGF LIMITED

🌳Matureactive
SC460569 · ltd · incorporated 2013-10-02
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 opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
  • · Refinance opportunity: ready → under_pressure
What changed my view
Last 30 days

Picture worsened over the last 30 days — 1 negative signal vs 0 positive.

  • ↓Refinance opportunity: ready → under_pressure
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 Jun 2025
Net worth
£1.02M
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · oldest 12.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (87/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
54 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
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,016,840
Cash draining
Cash down 59% YoY
Cash YoY
-59%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£13k
↓ 59% YoY
Net Worth
£1.0m
↑ 1.3% YoY
Current Assets
£76k
↑ 23% YoY
Current Liabilities
—
£0£203k£407k£610k£813k£1.0mJun 2023Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-302023-06-30
Total assets£1.17M£1.05M£1.16M
Current assets£76.4k£61.9k£159.6k
Cash£13.0k£31.5k£35.5k
Debtors£63.4k£30.3k£124.0k
Net assets£1.02M£1.00M£955.1k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-09-18
    🔓
    Charge satisfied #2
  4. 2025-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-02-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-11-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-04-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-05-29
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  18. 2014-11-13
    ➖
    COWIE, Daniel Duncan resigned
    director
  19. 2014-02-13
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  20. 2014-02-13
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  21. 2014-02-13
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  22. 2014-02-03
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  23. 2014-02-03
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  24. 2013-11-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2013-10-10
    ➕
    FORRESTER, Gregor James appointed
    director
  26. 2013-10-10
    ➕
    PENNY, David John appointed
    director
  27. 2013-10-10
    ➕
    COWIE, Daniel Duncan appointed
    director
  28. 2013-10-10
    ➖
    FOWLIE, Frank Alexander resigned
    director
  29. 2013-10-02
    🏢
    Company incorporated
    As DPGF LIMITED
  30. 2013-10-02
    ➕
    FOWLIE, Frank Alexander appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David John Penny
Individual · British · DOB 09/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Gregor James Forrester
Individual · British · DOB 07/1970 · age 56
25–50%
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

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
Incorporated2013-10-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

23 Woodburn Crescent
Aberdeen
AB15 8JX
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02

Officers (2 active · 2 resigned)

FORRESTER, Gregor James→
director · ~56y · appointed 2013-10-10
View their other companies + combined net worth →
Active
PENNY, David John→
director · ~43y · appointed 2013-10-10
View their other companies + combined net worth →
Active
COWIE, Daniel Duncan→
director · ~50y · appointed 2013-10-10 · resigned 2014-11-13
Resigned
FOWLIE, Frank Alexander→
director · ~50y · appointed 2013-10-02 · resigned 2013-10-10
Resigned

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

Mortgages & charges

7
Total charges
6
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property29/05/2015—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/02/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/02/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/02/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property03/02/2014—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property03/02/201418/09/2025
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/11/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-09
change-person-director-company-with-change-date
officers · CH01
2025-03-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-14