EPIC PROPERTY DEVELOPMENTS LTD

💤Zombieactive
SC558345 · ltd · incorporated 2017-02-22
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 Feb 2025
Net worth
£22.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -93% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 7.3y

45/100
under pressure

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

  • · Oldest live charge is 7.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
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 £22,797
Net assets shrinking
Down £765 YoY
Cash draining
Cash down 93% YoY
Cash YoY
-93%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£102
↓ 93% YoY
Net Worth
£23k
↓ 3.2% YoY
Current Assets
£816k
~ YoY
Current Liabilities
—
£0£163k£326k£490k£653k£816kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£22.8k£23.6k
Current assets£815.7k£815.9k
Cash£102£1.5k
Debtors£674.0k£672.8k
Net assets£22.8k£23.6k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2019-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-01-18
    🔒
    Charge registered #1
    Lender: Ork Capital LP
  12. 2019-01-15
    🔒
    Charge registered #2
    Lender: Ork Capital LP
  13. 2018-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-02-22
    🏢
    Company incorporated
    As EPIC PROPERTY DEVELOPMENTS LTD
  15. 2017-02-22
    ➕
    TULLIS, James Robert appointed
    director
  16. 2017-02-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 62 — approaching natural succession window.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Merchant Capital Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Merchant Capital Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
EPIC PROPERTY DEVELOPMENTS LTD
This company · SC558345

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Merchant Capital Ltd
Corporate entity
75–100%
—75-100% shares20/06/2017
1 historic (ceased) PSC
  • Mr James Robert Tullisceased 20/06/2017· 75-100% shares · 75-100% voting · board control · firm interest

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.

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Company details

Statusactive
Typeltd
Incorporated2017-02-22
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

4 Hunter Square
Edinburgh
EH1 1QW
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-04
Last: 2025-06-20

Officers (1 active · 0 resigned)

TULLIS, James Robert→
director · ~62y · appointed 2017-02-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Ork Capital LP
A registered charge1 property18/01/2019—
outstanding
Ork Capital LP
A registered charge—15/01/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-22