WHEATLEY FUNDING NO. 2 LIMITED

🌳Matureactive
SC470001 · private-limited-guarant-nsc · incorporated 2014-02-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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
—
not disclosed
Net worth
—
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 11.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 11.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 12 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2025-10-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-10-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-10-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-09-25
    ➖
    GIBSON, Eric Morrison resigned
    director
  5. 2024-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-08-26
    ➕
    MACAULAY, Iain Angus appointed
    director
  7. 2023-10-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2022-11-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-10-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-10-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-09-28
    ➕
    GIBSON, Eric Morrison appointed
    director
  12. 2022-09-28
    ➖
    KELSO, Martin Allardyce resigned
    director
  13. 2022-09-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2022-09-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2022-09-05
    ➕
    TURNOCK, Pauline Hazel appointed
    director
  16. 2022-09-05
    ➖
    HENDERSON, Steven John resigned
    director
  17. 2021-11-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2021-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2021-09-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2021-09-29
    ➕
    GARDNER, Caroline Jane appointed
    director
  21. 2021-09-29
    ➖
    ARMSTRONG, Josephine resigned
    director
  22. 2020-11-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  23. 2019-10-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  24. 2019-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2019-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2019-09-25
    ➖
    BLYTH, William Michael resigned
    director
  27. 2019-09-25
    ➕
    KELSO, Martin Allardyce appointed
    director
  28. 2018-10-30
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
  29. 2018-10-30
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
  30. 2018-10-30
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
  31. 2018-08-29
    ➕
    ARMSTRONG, Josephine appointed
    director
  32. 2018-08-29
    ➖
    MACNISH, Alastair Jesse Head resigned
    director
  33. 2016-11-14
    ➕
    ALLISON, Anthony appointed
    secretary
  34. 2016-11-14
    ➖
    CRAIG, Kirsten Mary resigned
    secretary
  35. 2016-10-25
    ➕
    HENDERSON, Steven John appointed
    director
  36. 2016-05-19
    ➖
    LOGAN, Mark Gerard resigned
    director
  37. 2015-07-14
    🔒
    Charge registered #3
    Lender: Prudential Trustee Company Limited as Security Trustee
  38. 2015-06-30
    🔒
    Charge registered #2
    Lender: Prudential Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
  39. 2015-05-01
    ➕
    BLYTH, William Michael appointed
    director
  40. 2015-03-31
    ➖
    DEMPSTER, Alastair Cox resigned
    director
  41. 2014-11-28
    🔒
    Charge registered #1
    Lender: Prudential Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
  42. 2014-04-08
    ➕
    CRAIG, Kirsten Mary appointed
    secretary
  43. 2014-04-08
    ➕
    DEMPSTER, Alastair Cox appointed
    director
  44. 2014-04-08
    ➕
    LOGAN, Mark Gerard appointed
    director
  45. 2014-04-08
    ➕
    MACNISH, Alastair Jesse Head appointed
    director
  46. 2014-04-08
    ➖
    STIRLING, Shuna Margaret Elizabeth resigned
    director
  47. 2014-02-14
    🏢
    Company incorporated
    As WHEATLEY FUNDING NO. 2 LIMITED
  48. 2014-02-14
    ➕
    STIRLING, Shuna Margaret Elizabeth appointed
    director

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
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 low
6 live charges
low

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

Group structure

Wheatley Housing Group Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Wheatley Housing Group Ltd
Corporate parent
⬇
WHEATLEY FUNDING NO. 2 LIMITED
This company · SC470001

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Wheatley Housing Group Ltd
Corporate entity
——sig. influencesignificant influence06/04/2016

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

8 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
Typeprivate-limited-guarant-nsc
Incorporated2014-02-14
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Wheatley House
25 Cochrane Street
Glasgow
G1 1HL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (4 active · 10 resigned)

ALLISON, Anthony→
secretary · appointed 2016-11-14
View their other companies + combined net worth →
Active
GARDNER, Caroline Jane→
director · ~63y · appointed 2021-09-29
View their other companies + combined net worth →
Active
MACAULAY, Iain Angus→
director · ~66y · appointed 2024-08-26
View their other companies + combined net worth →
Active
TURNOCK, Pauline Hazel→
director · ~55y · appointed 2022-09-05
View their other companies + combined net worth →
Active
CRAIG, Kirsten Mary→
secretary · appointed 2014-04-08 · resigned 2016-11-14
Resigned
ARMSTRONG, Josephine→
director · ~67y · appointed 2018-08-29 · resigned 2021-09-29
Resigned
BLYTH, William Michael→
director · ~76y · appointed 2015-05-01 · resigned 2019-09-25
Resigned
DEMPSTER, Alastair Cox→
director · ~86y · appointed 2014-04-08 · resigned 2015-03-31
Resigned
GIBSON, Eric Morrison→
director · ~68y · appointed 2022-09-28 · resigned 2024-09-25
Resigned
HENDERSON, Steven John→
director · ~48y · appointed 2016-10-25 · resigned 2022-09-05
Resigned
KELSO, Martin Allardyce→
director · ~67y · appointed 2019-09-25 · resigned 2022-09-28
Resigned
LOGAN, Mark Gerard→
director · ~57y · appointed 2014-04-08 · resigned 2016-05-19
Resigned
MACNISH, Alastair Jesse Head→
director · ~79y · appointed 2014-04-08 · resigned 2018-08-29
Resigned
STIRLING, Shuna Margaret Elizabeth→
director · ~54y · appointed 2014-02-14 · resigned 2014-04-08
Resigned

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

Mortgages & charges

6
Total charges
6
Outstanding
4
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
A registered charge—30/10/2018—
outstanding
Lloyds Banking Group
Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
A registered charge—30/10/2018—
outstanding
Lloyds Banking Group
Bank of Scotland PLC as Security Trustee for the Finance Parties as Defined in the Instrument Accompanying This Form MR01
A registered charge—30/10/2018—
outstanding
Prudential Trustee Company as Security Trustee
Prudential Trustee Company Limited as Security Trustee
A registered charge—14/07/2015—
outstanding
Prudential Trustee Company as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Prudential Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge—30/06/2015—
outstanding
Prudential Trustee Company as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
Prudential Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge—28/11/2014—
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
2026-04-14
accounts-with-accounts-type-small
accounts · AA
2025-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-small
accounts · AA
2024-10-14
termination-director-company-with-name-termination-date
officers · TM01
2024-10-02
appoint-person-director-company-with-name-date
officers · AP01
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
accounts-with-accounts-type-small
accounts · AA
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-05
accounts-with-accounts-type-small
accounts · AA
2022-11-07
appoint-person-director-company-with-name-date
officers · AP01
2022-10-10
termination-director-company-with-name-termination-date
officers · TM01
2022-10-10
termination-director-company-with-name-termination-date
officers · TM01
2022-09-20
appoint-person-director-company-with-name-date
officers · AP01
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05