CARSE DEVELOPMENTS LIMITED
🏛️Establishedactive
SC583730 · ltd · incorporated 2017-12-12
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.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days
No material changes in the last 30 days.
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 Dec 2024
Net worth
£35.4k
book net assets
Opportunity
77/100
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
- 68310Real estate agencies
- 68320Management of real estate on a fee or contract basis
Investor take
PursueAsset-holding vehicle with a 67-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 4 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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
27 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
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 declaredPositive net assets
Net assets £35,435
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£35k
↑ 58% YoY
Current Assets
£167
↓ 89% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £2.9k | £15.0k |
| Current assets | £167 | £1.6k |
| Net assets | £35.4k | £22.5k |
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 (22 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-06-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-07➕CRUICKSHANK, Angus William appointeddirector
- 2024-06-07➕SALE, Paul appointeddirector
- 2024-06-07➖FINDLAY, Gavin Chalmers resigneddirector
- 2024-06-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-12-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-12-23📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2019-09-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-12🏢Company incorporatedAs CARSE DEVELOPMENTS LIMITED
- 2017-12-12➕FINDLAY, Gavin Chalmers appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Max Cruickshank Individual · British · DOB 07/2004 · age 22 | 25–50% | — | 25-50% shares | 04/07/2024 |
Mr Cameron Paul Sale Individual · British · DOB 01/2002 · age 24 | 25–50% | — | 25-50% shares | 25/12/2018 |
1 historic (ceased) PSC
- Mr Gavin Chalmers Findlayceased 04/07/2024· 25-50% shares
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 · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ZARS LIMITED→ SC230094 · est 2002 | £3.33M £2.83M–£3.83M | — | £3.33M | — | 24y | 83 | 76y |
| J & E NOMINEES LIMITED→ SC237007 · est 2002 | £3.06M £2.60M–£3.52M | — | £3.06M | — | 23y | 83 | 66y |
| ABZCO LTD.→ SC223809 · est 2001 | £655.5k £557.2k–£753.9k | — | £655.5k | — | 24y | 82 | 77y |
| MNA (SCOTLAND) LIMITED→ SC283813 · est 2005 | £637.9k £542.2k–£733.6k | — | £637.9k | — | 21y | 83 | 60y |
| ENGINEERING SPREADSHEETS LTD.→ SC302290 · est 2006 | £620.6k £527.5k–£713.7k | — | £620.6k | — | 20y | 82 | 66y |
| ZULCO LIMITED→ SC206358 · est 2000 | £577.7k £491.0k–£664.3k | — | £577.7k | — | 26y | 83 | 85y |
| FLAT HOMES LIMITED→ SC231996 · est 2002 | £459.7k £390.7k–£528.6k | — | £459.7k | — | 24y | 82 | 73y |
| A & K PROPERTIES LIMITED→ SC199663 · est 1999 | £78.2k £66.4k–£89.9k | — | £78.2k | — | 26y | 82 | 71y |
| STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983 | £39.9k £33.9k–£45.9k | — | £39.9k | — | 43y | 83 | 79y |
| ASSETFAIR LIMITED→ SC195393 · est 1999 | £39.4k £33.5k–£45.3k | — | £39.4k | — | 27y | 82 | 74y |
| GILLANDER PROPERTIES LIMITED→ SC298431 · est 2006 | £38.8k £33.0k–£44.7k | — | £38.8k | — | 20y | 82 | 74y |
| FIRST CHOICE LETS LIMITED→ SC281124 · est 2005 | £36.5k £31.0k–£41.9k | — | £36.5k | — | 21y | 82 | 65y |
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
Incorporated2017-12-12
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
16 Gordon Square
Dundee
DD3 6BY
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05
Officers (2 active · 1 resigned)
CRUICKSHANK, Angus William→
Activedirector · ~67y · appointed 2024-06-07
View their other companies + combined net worth →
Active
FINDLAY, Gavin Chalmers→
Resigneddirector · ~44y · appointed 2017-12-12 · resigned 2024-06-07
Click a director name to see their full track record across all companies.
Recent filings (27 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-04
appoint-person-director-company-with-name-date
officers · AP01
2024-06-13
termination-director-company-with-name-termination-date
officers · TM01
2024-06-07
appoint-person-director-company-with-name-date
officers · AP01
2024-06-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-28