CARTMORE HOMES LTD

🏛️Establishedactive
SC560765 · ltd · incorporated 2017-03-17
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-74.3k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £74,344

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£74k
↓ 753% YoY
Current Assets
£41k
↑ 4745% YoY
Current Liabilities
—
-£74k-£51k-£28k-£5k£18k£41kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-74.3k£-8.4k
Current assets£40.8k£843
Net assets£-74.3k£-8.7k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-06-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-10-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2021-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-03-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2019-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2018-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-04-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-03-17
    🏢
    Company incorporated
    As CARTMORE HOMES LTD
  15. 2017-03-17
    ➕
    MCPHERSON, Alistair James appointed
    director
  16. 2017-03-17
    ➕
    SHIRLEY, Andrea appointed
    director
  17. 2017-03-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
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 59 — 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

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Andrea Shirley
Individual · British · DOB 04/1967 · age 59
25–50%
—25-50% shares17/03/2017
Mr Alistair James Mcpherson
Individual · British · DOB 01/1968 · age 58
——sig. influencesignificant influence17/03/2017

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

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
Incorporated2017-03-17
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Bonnie Brae Leslie Road
Scotlandwell
Kinross
KY13 9JE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (2 active · 0 resigned)

MCPHERSON, Alistair James→
director · ~58y · appointed 2017-03-17
View their other companies + combined net worth →
Active
SHIRLEY, Andrea→
director · ~59y · appointed 2017-03-17
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-04
gazette-notice-compulsory
gazette · GAZ1
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-12-29
accounts-with-accounts-type-dormant
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19