DEVONSHAW LEISURE LTD

🏛️Establishedactive
SC685582 · ltd · incorporated 2021-01-11
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 Jan 2025
Net worth
£-28.9k
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 (65/100).

Data confidence

Overall: high (82/100)

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
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
14 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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £28,874

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£29k
↓ 3.5% YoY
Current Assets
£452k
↑ 8.1% YoY
Current Liabilities
—
-£29k£67k£163k£259k£356k£452kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£-28.9k£-27.9k
Current assets£451.7k£417.7k
Net assets£-28.9k£-27.9k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-08-28
    ➕
    DAVIDSON, Tracey Catherine appointed
    director
  2. 2025-08-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-08-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-08-11
    ➖
    MCKECHNIE, Scott Hugh resigned
    director
  5. 2025-05-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-01-11
    🏢
    Company incorporated
    As DEVONSHAW LEISURE LTD
  12. 2021-01-11
    ➕
    DAVIDSON, Tracey Catherine appointed
    secretary
  13. 2021-01-11
    ➕
    DAVIDSON, Keith Gregory appointed
    director
  14. 2021-01-11
    ➕
    LOVE, Sandra appointed
    director
  15. 2021-01-11
    ➕
    QUINN, David Michael Stewart appointed
    director
  16. 2021-01-11
    ➕
    MCKECHNIE, Scott Hugh appointed
    director
  17. 2021-01-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.

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

2 corporate shareholders identified. Group structure is distributed.

🏛️
Dqsl Investments Limited
Corporate parent · holds 25-50% shares · board control
significant stake
🏛️
Easy Living Developments Limited
Corporate parent · holds 25-50% shares · board control
significant stake
⬇
DEVONSHAW LEISURE LTD
This company · SC685582

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dqsl Investments Limited
Corporate entity
25–50%
25–50%board control25-50% shares · 25-50% voting · board control11/01/2021
Easy Living Developments Limited
Corporate entity
25–50%
25–50%board control25-50% shares · 25-50% voting · board control11/01/2021

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2021-01-11
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Unit 17 Eastfield Business Park
Newark Road South
Glenrothes
KY7 4NS
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (5 active · 1 resigned)

DAVIDSON, Tracey Catherine→
secretary · appointed 2021-01-11
View their other companies + combined net worth →
Active
DAVIDSON, Keith Gregory→
director · ~64y · appointed 2021-01-11
View their other companies + combined net worth →
Active
DAVIDSON, Tracey Catherine→
director · ~63y · appointed 2025-08-28
View their other companies + combined net worth →
Active
LOVE, Sandra→
director · ~64y · appointed 2021-01-11
View their other companies + combined net worth →
Active
QUINN, David Michael Stewart→
director · ~65y · appointed 2021-01-11
View their other companies + combined net worth →
Active
MCKECHNIE, Scott Hugh→
director · ~52y · appointed 2021-01-11 · resigned 2025-08-11
Resigned

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

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-15
appoint-person-director-company-with-name-date
officers · AP01
2025-08-28
termination-director-company-with-name-termination-date
officers · TM01
2025-08-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
change-person-director-company-with-change-date
officers · CH01
2022-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-21
change-person-director-company-with-change-date
officers · CH01
2021-11-01
incorporation-company
incorporation · NEWINC
2021-01-11