BELHAVEN DEVELOPMENTS LTD

💤Zombieactive
SC544489 · ltd · incorporated 2016-09-02
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£152.9k
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 bankable structure.

Opportunity 70/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 9.0y

30/100
under pressure

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

  • · Oldest live charge is 9.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
35 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
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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 £152,880

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
Net Worth
£153k
↑ 1090% YoY
Current Assets
£67k
↓ 20% YoY
Current Liabilities
-£15k£18k£52k£86k£119k£153kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£417.9k£222.2k
Current assets£67.2k£84.3k
Cash£1.0k
Debtors£66.2k
Net assets£152.9k£-15.4k

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
0
filings
Last 180 days
1
filing
  • 1 address
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-08-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-11-21
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  10. 2023-11-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2022-09-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2022-03-12
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  13. 2022-03-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-04-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2021-04-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2019-12-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2019-11-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2018-03-08
    🔓
    Charge satisfied #2
  19. 2018-03-08
    🔓
    Charge satisfied #1
  20. 2018-02-27
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  21. 2018-02-23
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  22. 2017-05-12
    🔒
    Charge registered #2
    Lender: Lendinvest Security Trustees Limited
  23. 2017-05-08
    🔒
    Charge registered #1
    Lender: Lendinvest Security Trustees Limited
  24. 2016-09-02
    🏢
    Company incorporated
    As BELHAVEN DEVELOPMENTS LTD
  25. 2016-09-02
    GILMOUR, Daniel Galloway appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Daniel Gilmour
Individual · British · DOB 03/1985 · age 41
75100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest02/09/2016

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
Incorporated2016-09-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

645 Ferry Road
Edinburgh
EH4 2TX
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (1 active · 0 resigned)

GILMOUR, Daniel Galloway
director · ~41y · appointed 2016-09-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property27/02/2018
outstanding
Together Money
Together Commercial Finance Limited
A registered charge23/02/2018
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property12/05/201708/03/2018
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge08/05/201708/03/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-03
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-11-21
gazette-notice-compulsory
gazette · GAZ1
2023-11-21
gazette-filings-brought-up-to-date
gazette · DISS40
2022-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01