DISCOVERY HOMES (DUNDEE) LTD

🌳Matureactive

SC481828 · ltd · incorporated 2014-07-09

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Construction of domestic buildings

Sector: Construction

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 11.2y

35/100

too messy

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

· Oldest live charge is 11.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

5 connected companies via shared directors

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-30	2023-12-30
Average employees	900	900

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filings

Last 180 days

filings

• 1 address
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-01-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-17
🔓
Charge satisfied #6
2025-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-04
🔓
Charge satisfied #9
2025-04-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-20
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-07-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-04
🔒
Charge registered #9
Lender: Dundee City Council
2022-11-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-21
🔓
Charge satisfied #8
2022-11-21
🔓
Charge satisfied #7
2022-11-21
🔓
Charge satisfied #5
2022-09-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-06
🔓
Charge satisfied #2
2021-07-19
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-07-19
📄
change-account-reference-date-company-current-extended
accounts · AA01
2021-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-24
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2019-06-03
🔒
Charge registered #8
Lender: The Royal Bank of Scotland PLC
2019-04-24
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2019-01-31
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2019-01-28
🔒
Charge registered #5
Lender: Dundee City Council
2019-01-21
🔓
Charge satisfied #3
2018-03-26
🔓
Charge satisfied #4
2016-12-05
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2016-11-24
🔓
Charge satisfied #1
2016-11-23
🔒
Charge registered #3
Lender: Bank of Scotland PLC
2015-02-27
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2015-02-16
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2014-07-09
🏢
Company incorporated
As DISCOVERY HOMES (DUNDEE) LTD
2014-07-09
➕
WHITE, Linda Elizabeth appointed
secretary
2014-07-09
➕
WHITE, James Grant Forbes appointed
director
2014-07-09
➕
WHITE, Linda Elizabeth appointed
director

Owner dependency

74/100

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.
+Senior director age: Director aged approximately 63 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

61/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr James Grant Forbes White Individual · British · DOB 10/1964 · age 62	25–50%	—	25-50% shares	30/06/2016
Mrs Linda Elizabeth White Individual · British · DOB 12/1963 · age 63	25–50%	—	25-50% shares	30/06/2016

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 →

Similar companies

Active · Construction · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CRAIG FENTON DESIGN LIMITED→ SC505072 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
DAVID DONALDSON LTD.→ SC394839 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
DEY GAS & HEATING ENGINEERS LTD→ SC662662 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
DIABLO ENTERPRISES LIMITED→ SC599918 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
DNA CONTRACT FLOORING LIMITED→ SC373107 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
DONALDSON AND SON LIMITED→ SC726624 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
DRIVEWAY DOCTOR LTD→ SC815554 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
DT CIVILS CONSULTANTS LTD→ SC821021 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
EAST COAST TAPERS LTD→ SC866777 · est 2025 · no financials extracted	—	—	—	—	—	—	—
EAST FIFE HANDYMAN LTD→ SC877966 · est 2026 · no financials extracted	—	—	—	—	—	—	—
EAST FIFE JOINERY LIMITED→ SC479347 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
EAST NEUK 50 CYCLE ROUTE COMMUNITY INTEREST COMPANY→ SC622509 · est 2019 · no financials extracted	—	—	—	—	7y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2014-07-09

Jurisdictionscotland

Primary SIC41202 — Construction of domestic buildings

Registered office

42 Curlers Crescent

Milnathort

Kinross

KY13 9YW

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-30

Confirmation statement

Next due: 2026-07-23

Last: 2025-07-09

Officers (3 active · 0 resigned)

WHITE, Linda Elizabeth→

secretary · appointed 2014-07-09

View their other companies + combined net worth →

Active

WHITE, James Grant Forbes→

director · ~62y · appointed 2014-07-09

View their other companies + combined net worth →

Active

WHITE, Linda Elizabeth→

director · ~63y · appointed 2014-07-09

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
satisfied	Dundee City Council	A registered charge	1 property	04/04/2023	04/09/2025
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	03/06/2019	21/11/2022
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	24/04/2019	21/11/2022
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	31/01/2019	17/11/2025
satisfied	Dundee City Council	A registered charge	1 property	28/01/2019	21/11/2022
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	05/12/2016	26/03/2018
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	23/11/2016	21/01/2019
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	27/02/2015	06/09/2022
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	16/02/2015	24/11/2016

Recent filings (46 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-01-08

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-17

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-25

mortgage-satisfy-charge-full

mortgage · MR04

2025-09-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-21

change-account-reference-date-company-previous-shortened

accounts · AA01

2024-09-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-07-17

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-07-13

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-04-06

mortgage-satisfy-charge-full

mortgage · MR04

2022-11-21

mortgage-satisfy-charge-full

mortgage · MR04

2022-11-21

mortgage-satisfy-charge-full

mortgage · MR04

2022-11-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-09-21