RESPINDO DEVELOPMENTS LTD

🌿Early-stageactive

SC706262 · ltd · incorporated 2021-08-10

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

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

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2025

Net worth

£-246.8k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 1.2y

0/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Newest facility, 1.2 years old — likely still in initial term.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

8 charges (8/8 with lender, 8/8 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

6 connected companies via shared directors

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

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 · accounting standard not declared

Negative net assets

Liabilities exceed assets by £246,834

Cash draining

Cash down 51% YoY

Cash YoY

-51%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£46k

↓ 51% YoY

Net Worth

-£247k

↓ 8.1% YoY

Current Assets

£65k

↓ 42% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-11-30	2024-11-30
Total assets	£838.3k	£609.1k
Current assets	£64.9k	£111.5k
Cash	£46.4k	£95.5k
Debtors	£18.5k	£16.0k
Net assets	£-246.8k	£-228.4k

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

🔒Filing-note intelligence

2 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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-04-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-09
🔒
Charge registered #8
Lender: The Mortgage Lender Limited
2025-09-09
🔒
Charge registered #7
Lender: The Mortgage Lender Limited
2025-05-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-29
🔒
Charge registered #6
Lender: Aldermore Bank PLC
2025-05-29
🔒
Charge registered #5
Lender: Aldermore Bank PLC
2025-05-29
🔒
Charge registered #4
Lender: Aldermore Bank PLC
2025-04-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-21
🔒
Charge registered #3
Lender: Aldermore Bank PLC
2025-03-21
🔒
Charge registered #2
Lender: Aldermore Bank PLC
2025-03-21
🔒
Charge registered #1
Lender: Aldermore Bank PLC
2024-06-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-09
📄
change-account-reference-date-company-current-extended
accounts · AA01
2023-09-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-10
🏢
Company incorporated
As RESPINDO DEVELOPMENTS LTD
2021-08-10
➕
LAIRD, Ian Andrew appointed
director
2021-08-10
➕
LAIRD, Lesley Anne appointed
director
2021-08-10
📄
incorporation-company
incorporation · NEWINC

Owner dependency

74/100

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 58 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 58. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med · 1 low

5 new charges in last 12 months

medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-09-09: A registered charge; 2025-09-09: A registered charge; 2025-05-29: A registered charge

8 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Ian Andrew Laird Individual · British · DOB 01/1968 · age 58	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	10/08/2021
Mrs Lesley Anne Laird Individual · British · DOB 09/1969 · age 57	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	10/08/2021

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 →

Similar companies

Active · Property · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SR PROPERTIES AND INVESTMENTS LIMITED→ SC867772 · est 2025 · no financials extracted	—	—	—	—	—	—	—
SSM PROPERTIES (GLASGOW) LTD→ SC461845 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
SSMCG LTD→ SC823523 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ST ANDREWS ESTATES (SCOTLAND) LIMITED→ SC271716 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
STAG PROPERTIES LTD.→ SC232325 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
STAR HOLDING SCOT LTD→ SC855837 · est 2025 · no financials extracted	—	—	—	—	—	—	—
STAR MANAGEMENT LTD→ SC725606 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
STATION HOUSE GLASGOW LTD→ SC210000 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
STAYSAGE LTD→ SC830302 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
STEYNE PROPERTY MANAGEMENT LTD→ SC705959 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
STG HOMES LTD→ SC796496 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
STIRLING HOUSE MANAGEMENT LIMITED→ SC316333 · est 2007 · no financials extracted	—	—	—	—	19y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2021-08-10

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

United Kingdom

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-06-27

Last: 2025-06-13

Officers (2 active · 0 resigned)

LAIRD, Ian Andrew→

director · ~58y · appointed 2021-08-10

View their other companies + combined net worth →

Active

LAIRD, Lesley Anne→

director · ~57y · appointed 2021-08-10

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:8 of 8 shown

		Type	Properties
outstanding	The Mortgage Lender The Mortgage Lender Limited	A registered charge	1 property	09/09/2025	—
outstanding	The Mortgage Lender The Mortgage Lender Limited	A registered charge	1 property	09/09/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	29/05/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	29/05/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	29/05/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	21/03/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	21/03/2025	—
outstanding	Aldermore Aldermore Bank PLC	A registered charge	1 property	21/03/2025	—

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