MIDLOTHIAN DEVELOPMENTS LTD
💤Zombieactive
SC574492 · ltd · incorporated 2017-08-23
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 Aug 2024
Net worth
£61.7k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
- 68320Management of real estate on a fee or contract basis
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (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 3.4y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.4 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 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
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
44 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
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £61,702
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£62k
↑ 191% YoY
Current Assets
£61k
↓ 67% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £61.7k | £21.2k |
| Current assets | £60.7k | £185.6k |
| Net assets | £61.7k | £21.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-11-12➖MCLEOD, John Alexander resignedsecretary
- 2025-11-12➖YORKE, Gary resigneddirector
- 2025-11-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-07-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-18➕YORKE, Leanne appointeddirector
- 2025-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-23🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2024-07-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-22🔓Charge satisfied #2
- 2024-07-22🔓Charge satisfied #1
- 2024-07-19🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2024-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-02-27📄gazette-notice-compulsorygazette · GAZ1
- 2023-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-17🔒Charge registered #2Lender: Watershed (Scotland) Limited
- 2022-12-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-13➖YORKE, Yasmine resigneddirector
- 2022-12-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-13🔒Charge registered #1Lender: Watershed (Scotland) Limited
- 2022-12-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-10➕MCLEOD, John Alexander appointedsecretary
- 2022-05-27➕YORKE, Yasmine appointeddirector
- 2019-04-01➖MORTON, Alan resigneddirector
- 2019-04-01➕YORKE, Gary appointeddirector
- 2017-08-23🏢Company incorporatedAs MIDLOTHIAN DEVELOPMENTS LTD
- 2017-08-23➕MORTON, Alan appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome 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
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MCLEOD, John Alexander resigned 2025-11-12; YORKE, Gary resigned 2025-11-12
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Leanne Yorke Individual · British · DOB 05/1976 · age 50 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control · firm interest | 04/11/2025 |
3 historic (ceased) PSCs
- Miss Yasmine Yorkeceased 30/11/2022· 25-50% shares · 25-50% voting
- Mr Gary Yorkeceased 04/11/2025· 75-100% shares
- Mr Alan Mortonceased 01/04/2019· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MILLS MULTON PROPERTY PARTNERSHIP LIMITED→ SC799272 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MILTON MILL INVESTMENTS LIMITED→ SC882021 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MILYN AND ASSOCIATES LIMITED→ SC140199 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| MIMI HENRY LTD→ SC858531 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MIMO LETTINGS LTD→ SC698856 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MIRO PROPERTY INVESTMENT LTD→ SC787121 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MIRZANOOR LTD→ SC824214 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MK ENTERPRISE ED UK LTD→ SC847245 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MM PROPERTY LEASING LIMITED→ SC732703 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MOCKINGBIRD LANE & ASSOCIATES LTD→ SC595030 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MODERNDWELL DEVELOPMENTS LTD→ SC797978 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MOFFAT ENTERPRISE LTD→ SC838744 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2017-08-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
172 Baberton Mains Drive
Edinburgh
EH14 3DZ
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-11-29
Last: 2025-11-15
Officers (1 active · 4 resigned)
YORKE, Leanne→
Activedirector · ~50y · appointed 2025-07-18
View their other companies + combined net worth →
MCLEOD, John Alexander→
Resignedsecretary · appointed 2022-06-10 · resigned 2025-11-12
MORTON, Alan→
Resigneddirector · ~58y · appointed 2017-08-23 · resigned 2019-04-01
YORKE, Gary→
Resigneddirector · ~60y · appointed 2019-04-01 · resigned 2025-11-12
YORKE, Yasmine→
Resigneddirector · ~24y · appointed 2022-05-27 · resigned 2022-12-13
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 23/07/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 19/07/2024 | — | |
| satisfied | Watershed (Scotland) Watershed (Scotland) Limited | A registered charge | 2 properties | 17/01/2023 | 22/07/2024 | |
| satisfied | Watershed (Scotland) Watershed (Scotland) Limited | A registered charge | — | 13/12/2022 | 22/07/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (44 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-15
termination-director-company-with-name-termination-date
officers · TM01
2025-11-13
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-04
appoint-person-director-company-with-name-date
officers · AP01
2025-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-24
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-22
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-30