ALTENS DEVELOPMENT COMPANY LIMITED

🌳Matureactive

SC504873 · ltd · incorporated 2015-05-01

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 opening · high confidence

More negotiable than before — 3 signals weakening over the last 30 days.

· Hygiene score: 90 → 70
· Opportunity score: 80 → 72
· Bankability: 85 → 75
· Distress / opportunity: avoid → attractive

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.7y old — refinance window within 12 months

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

↓Opportunity score: 80 → 72
↓Hygiene score: 90 → 70
↓Bankability: 85 → 75
·Distress / opportunity: avoid → attractive

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 Mar 2025

Net worth

£767

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Activities of other holding companies n.e.c.

Sector: Financial & insurance

Investor take

Special-situation opportunity

Distressed holding with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 10.7y

85/100

ready

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

· Oldest live charge is 10.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

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

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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 £767

Net assets shrinking

Down £2,666 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£767

↓ 78% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£2.92M	£2.89M
Debtors	£1.90M	£1.86M
Net assets	£767	£3.4k

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-12-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-09
🔓
Charge satisfied #1
2023-10-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-14
📄
change-person-director-company-with-change-date
officers · CH01
2018-08-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-08-25
📄
change-person-director-company-with-change-date
officers · CH01
2016-06-30
➖
GRANT SMITH LAW PRACTICE LIMITED resigned
corporate-secretary
2015-10-01
🔒
Charge registered #1
Lender: Aldermore Bank
2015-05-01
🏢
Company incorporated
As ALTENS DEVELOPMENT COMPANY LIMITED
2015-05-01
➕
DUNBAR, Euan Alexander appointed
director
2015-05-01
➕
DUNBAR, Nicola Jane appointed
director
2015-05-01
➕
GRANT SMITH LAW PRACTICE LIMITED appointed
corporate-secretary

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 64 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-15

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Euan Alexander Dunbar Individual · British · DOB 10/1962 · age 64	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mrs Nicola Jane Dunbar Individual · British · DOB 09/1968 · age 58	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Holding company · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE RUTLAND (EDINBURGH) LIMITED→ SC247306 · est 2003	£6.24M £5.31M–£7.18M	—	£6.24M	—	23y	82	77y
DIRECTIONAL DRILLING DYNAMICS LIMITED→ SC119569 · est 1989	£662.1k £562.8k–£761.4k	—	£662.1k	—	36y	81	74y
ABERDEEN MOTOR TRAWLERS LIMITED→ SC031156 · est 1955	£564.5k £479.8k–£649.1k	—	£564.5k	—	70y	80	77y
HERD HOLDINGS LIMITED→ SC254945 · est 2003	£236.6k £201.1k–£272.1k	—	£236.6k	—	22y	82	78y
THE DON FISHING COMPANY (TRAWLING) LIMITED→ SC133042 · est 1991	£172.7k £146.8k–£198.6k	—	£172.7k	—	34y	82	77y
CULLEN HOUSE GARDENS LIMITED→ SC089719 · est 1984	£20.1k £17.1k–£23.1k	—	£20.1k	—	41y	81	86y
WOOD & DAVIDSON LIMITED→ SC004296 · est 1899	£11.3k £9.6k–£12.9k	—	£11.3k	—	126y	82	77y
ABERDEEN NEAR WATER TRAWLERS LIMITED→ SC033276 · est 1958	£11.2k £9.6k–£12.9k	—	£11.2k	—	67y	80	77y
LONDON SHETLAND SECURITIES LIMITED→ SC192120 · est 1998	£5.6k £4.8k–£6.5k	—	£5.6k	—	27y	82	69y
DON FISHING COMPANY (FRASERBURGH) LIMITED (THE)→ SC092365 · est 1985	£2.0k £1.7k–£2.3k	—	£2.0k	—	41y	82	77y
BANFFSHIRE FISHSELLING COMPANY LIMITED→ SC054512 · est 1973	£2 £2–£2	—	£2	—	52y	82	77y
ABERDEEN INSHORE ENGINEERING LIMITED→ SC042022 · est 1965	£2 £2–£2	—	£2	—	61y	80	77y

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

Incorporated2015-05-01

Jurisdictionscotland

Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Altens Lorry Park

Hareness Road

Aberdeen

AB12 3LE

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-05-15OVERDUE

Last: 2025-05-01

Officers (2 active · 1 resigned)

DUNBAR, Euan Alexander→

director · ~64y · appointed 2015-05-01

View their other companies + combined net worth →

Active

DUNBAR, Nicola Jane→

director · ~58y · appointed 2015-05-01

View their other companies + combined net worth →

Active

GRANT SMITH LAW PRACTICE LIMITED→

corporate-secretary · appointed 2015-05-01 · resigned 2016-06-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Aldermore Aldermore Bank	A registered charge	—	01/10/2015	09/04/2024

Recent filings (31 total)

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

accounts · AA

2025-12-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-04

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

accounts · AA

2024-11-28

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-14

mortgage-satisfy-charge-full

mortgage · MR04

2024-04-09

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

accounts · AA

2023-10-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-12

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

accounts · AA

2022-12-19

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2022-12-16

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2022-12-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-09

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

accounts · AA

2021-12-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-09

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

accounts · AA

2020-12-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-05-06