CALDERGLEN DEVELOPMENTS LTD

⚰️Wound downdissolved
SC477430 · ltd · incorporated 2014-05-12
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 11.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 11.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (34 events)Click to expand
  1. 2023-11-14
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2023-11-14
    🏁
    Company dissolved
  3. 2023-08-29
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2023-08-17
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2023-06-22
    📄
    legacy
    restoration · AC93
  6. 2020-01-10
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  7. 2019-10-10
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting-scotland
    insolvency · LIQ13(Scot)
  8. 2018-12-14
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2018-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-11-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2017-11-21
    🔓
    Charge satisfied #1
  12. 2017-02-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-12-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2016-05-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-03-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-05-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-12-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2014-11-25
    🔒
    Charge registered #1
    Lender: Ian Andrew Watson and Janet Linda Watson
  19. 2014-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2014-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2014-05-14
    📄
    appoint-person-director-company-with-name
    officers · AP01
  22. 2014-05-12
    🏢
    Company incorporated
    As CALDERGLEN DEVELOPMENTS LTD
  23. 2014-05-12
    ➕
    MCKECHNIE, Stephen John appointed
    director
  24. 2014-05-12
    ➕
    COSEC LIMITED appointed
    corporate-secretary
  25. 2014-05-12
    ➖
    COSEC LIMITED resigned
    corporate-secretary
  26. 2014-05-12
    ➕
    MCMEEKIN, James Stuart appointed
    director
  27. 2014-05-12
    ➖
    MCMEEKIN, James Stuart resigned
    director
  28. 2014-05-12
    ➕
    COSEC LIMITED appointed
    corporate-director
  29. 2014-05-12
    ➖
    COSEC LIMITED resigned
    corporate-director
  30. 2014-05-12
    📄
    termination-secretary-company-with-name
    officers · TM02
  31. 2014-05-12
    📄
    termination-director-company-with-name
    officers · TM01
  32. 2014-05-12
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  33. 2014-05-12
    📄
    termination-director-company-with-name
    officers · TM01
  34. 2014-05-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-11-14

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2020-01-10: gazette-dissolved-liquidation; 2019-10-10: liquidation-voluntary-members-return-of-final-meeting-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stephen John Mckechnie
Individual · British · DOB 09/1968 · age 58
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →
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10 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.

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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.

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Company details

Statusdissolved
Typeltd
Incorporated2014-05-12
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

6th Floor
Gordon Chambers 90 Mitchell Street
Glasgow
G1 3NQ

Filing status

Accounts
Next due: —
Last made up to: 2017-05-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 3 resigned)

MCKECHNIE, Stephen John→
director · ~58y · appointed 2014-05-12
View their other companies + combined net worth →
Active
COSEC LIMITED→
corporate-secretary · appointed 2014-05-12 · resigned 2014-05-12
Resigned
MCMEEKIN, James Stuart→
director · ~59y · appointed 2014-05-12 · resigned 2014-05-12
Resigned
COSEC LIMITED→
corporate-director · appointed 2014-05-12 · resigned 2014-05-12
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Ian Andrew Watson and Janet Linda Watson
A registered charge1 property25/11/201421/11/2017

Recent filings (25 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-11-14
gazette-notice-voluntary
gazette · GAZ1(A)
2023-08-29
dissolution-application-strike-off-company
dissolution · DS01
2023-08-17
legacy
restoration · AC93
2023-06-22
gazette-dissolved-liquidation
gazette · GAZ2
2020-01-10
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2019-10-10
resolution
resolution · RESOLUTIONS
2018-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2018-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-22
mortgage-satisfy-charge-full
mortgage · MR04
2017-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2017-05-16
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-02-16
change-person-director-company-with-change-date
officers · CH01
2016-12-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-05-19
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-03