WAREHOUSE 15 LIMITED

🌿Early-stageactive
SC703786 · ltd · incorporated 2021-07-09
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 Jul 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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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
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 70/100. 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 (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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 (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees3300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-02
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2021-08-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-08-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-08-02
    📄
    capital-allotment-shares
    capital · SH01
  9. 2021-07-09
    🏢
    Company incorporated
    As WAREHOUSE 15 LIMITED
  10. 2021-07-09
    MELDRUM, Brian James appointed
    director
  11. 2021-07-09
    MELDRUM, Marjory Ann appointed
    director
  12. 2021-07-09
    MILNE, Elizabeth appointed
    director
  13. 2021-07-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.

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
Michael James Meldrum
Individual · British · DOB 03/1977 · age 49
5075%
50–75%board control50-75% shares · 50-75% voting · board control09/07/2021
Darlene Rodgers
Individual · American · DOB 01/1955 · age 71
2550%
25–50%25-50% shares · 25-50% voting30/07/2021

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

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
Incorporated2021-07-09
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Brodies House
31-33 Union Grove
Aberdeen
AB10 6SD
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-22
Last: 2025-07-08

Officers (3 active · 0 resigned)

MELDRUM, Brian James
director · ~77y · appointed 2021-07-09
View their other companies + combined net worth →
Active
MELDRUM, Marjory Ann
director · ~72y · appointed 2021-07-09
View their other companies + combined net worth →
Active
MILNE, Elizabeth
director · ~43y · appointed 2021-07-09
View their other companies + combined net worth →
Active

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-02
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-11
resolution
resolution · RESOLUTIONS
2021-08-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-08-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-02
capital-allotment-shares
capital · SH01
2021-08-02
incorporation-company
incorporation · NEWINC
2021-07-09