GREENVALE (FORFAR) LIMITED

🏛️Establishedactive

SC592615 · ltd · incorporated 2018-03-27

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-35.7k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 80/100. 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).

🏦

Refinance opportunity

2 live charges · oldest 6.6y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 6.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

3 connected companies via shared directors

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £35,659

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£36k

↑ 36% YoY

Current Assets

£17k

↑ 75% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-31	2024-03-31
Total assets	£49.4k	£33.2k
Current assets	£17.2k	£9.8k
Net assets	£-35.7k	£-56.0k

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 incorporation
• 1 resolution

Last 180 days

filings

• 1 confirmation-statement
• 1 incorporation
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2026-03-27
📄
memorandum-articles
incorporation · MA
2026-03-27
📄
resolution
resolution · RESOLUTIONS
2025-08-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-09-30
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2019-09-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-09-11
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2018-03-27
🏢
Company incorporated
As GREENVALE (FORFAR) LIMITED
2018-03-27
➕
CHEYNE, Raymond John appointed
director
2018-03-27
➕
INGRAM, Ian appointed
director
2018-03-27
📄
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 61 — approaching natural succession window.
+No director turnover: Company is 8 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 61. 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Raymond John Cheyne Individual · British · DOB 09/1966 · age 60	25–50%	—	25-50% shares	27/03/2018
Mr Ian Ingram Individual · British · DOB 04/1965 · age 61	25–50%	—	25-50% shares	27/03/2018

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 · Construction · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GILBERTS GROUNDWORKS LTD→ SC657477 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
GORDON WYLLIE STEEL STRUCTURES LIMITED→ SC297447 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
GOWRIE CONTRACTS LIMITED→ SC311140 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
GREENWARD LIMITED→ SC561347 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
GUILD PLUMBING & HEATING LTD→ SC670701 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
GW PROPERTY SOLUTIONS LTD→ SC883337 · est 2026 · no financials extracted	—	—	—	—	—	—	—
HALLEY HOME IMPROVEMENTS LIMITED→ SC811219 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
HARECAIRN CONTRACTS LIMITED→ SC258763 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
HARRINGTON CONSTRUCTION LIMITED→ SC077955 · est 1982 · no financials extracted	—	—	—	—	44y	—	—
HEATHER INVESTMENTS LIMITED→ SC665691 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
HOME DECORATION SOLUTIONS LTD→ SC767294 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
HOME IN LTD→ SC312600 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2018-03-27

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

Greenvale (Forfar) Limited

Carseview Road

Forfar

DD8 3BS

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-09

Last: 2026-03-26

Officers (2 active · 0 resigned)

CHEYNE, Raymond John→

director · ~60y · appointed 2018-03-27

View their other companies + combined net worth →

Active

INGRAM, Ian→

director · ~61y · appointed 2018-03-27

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	30/09/2019	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	11/09/2019	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-29

memorandum-articles

incorporation · MA

2026-03-27

resolution

resolution · RESOLUTIONS

2026-03-27