CASTLELAW BONDED WAREHOUSES (GLENROTHES) LTD

🌿Early-stageactive
SC725388 · ltd · incorporated 2022-03-07
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.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 24 → 25
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Filings: 24 → 25
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 Mar 2025
Net worth
£203.8k
book net assets
Opportunity
77/100
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
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

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).

🏦

Refinance opportunity

1 live charge · oldest 2.2y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 2.2 years old — likely still in initial term.
  • · 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
25 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
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £203,845
Net assets shrinking
Down £66,246 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£204k
↓ 25% YoY
Current Assets
£222k
↑ 5.9% YoY
Current Liabilities
—
£0£54k£108k£162k£216k£270kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£388.2k£398.0k
Current assets£222.3k£210.0k
Net assets£203.8k£270.1k

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-16
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  3. 2025-03-31
    ➕
    WILLIAMSON, Stephen appointed
    secretary
  4. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-05-01
    📄
    memorandum-articles
    incorporation · MA
  6. 2024-05-01
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2024-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2024-05-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-05-01
    📄
    capital-allotment-shares
    capital · SH01
  10. 2024-05-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-05-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-04-23
    🔒
    Charge registered #1
    Lender: Hawaiian-Philippine Company
  13. 2024-04-22
    ➕
    CURRAN, Paul Andrew appointed
    director
  14. 2024-03-05
    📄
    capital-cancellation-shares
    capital · SH06
  15. 2024-03-05
    📄
    capital-return-purchase-own-shares
    capital · SH03
  16. 2024-02-27
    📄
    memorandum-articles
    incorporation · MA
  17. 2024-02-27
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2023-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2023-06-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2023-02-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  21. 2022-09-01
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  22. 2022-04-22
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  23. 2022-03-07
    🏢
    Company incorporated
    As CASTLELAW BONDED WAREHOUSES (GLENROTHES) LTD
  24. 2022-03-07
    ➕
    BRECHIN, Iain David Cameron appointed
    director
  25. 2022-03-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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 60 — approaching natural succession window.

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 60. 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
NameSharesVoting rightsNature of controlNotified
Paul Andrew Curran
Individual · British · DOB 09/1966 · age 60
50–75%
50–75%board control50-75% shares · 50-75% voting · board control23/04/2024
Mr Iain David Cameron Brechin
Individual · British · DOB 05/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control07/03/2022

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
Incorporated2022-03-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

13 Great King Street
Edinburgh
EH3 6QW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-05
Last: 2026-04-21

Officers (3 active · 0 resigned)

WILLIAMSON, Stephen→
secretary · appointed 2025-03-31
View their other companies + combined net worth →
Active
BRECHIN, Iain David Cameron→
director · ~60y · appointed 2022-03-07
View their other companies + combined net worth →
Active
CURRAN, Paul Andrew→
director · ~60y · appointed 2024-04-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Hawaiian-Philippine Company
A registered charge—23/04/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-06
appoint-person-secretary-company-with-name-date
officers · AP03
2025-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-01
memorandum-articles
incorporation · MA
2024-05-01
resolution
resolution · RESOLUTIONS
2024-05-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-01
capital-allotment-shares
capital · SH01
2024-05-01
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-01
capital-cancellation-shares
capital · SH06
2024-03-05
capital-return-purchase-own-shares
capital · SH03
2024-03-05