WITCH DEVELOPMENTS UK LTD

🌿Early-stageactive
SC726337 · ltd · incorporated 2022-03-15
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
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Turnover
year to Mar 2025
Net worth
£32.5k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 71/100 (strong), bankability 70/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £32,496
Cash YoY
+65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£85k
↑ 65% YoY
Net Worth
£32k
↑ 60% YoY
Current Assets
£87k
↑ 15% YoY
Current Liabilities
£0£17k£35k£52k£70k£87kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£49.5k£28.8k
Current assets£87.2k£76.0k
Cash£85.3k£51.9k
Debtors£1.3k£8.6k
Net assets£32.5k£20.3k

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (7 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-03-15
    🏢
    Company incorporated
    As WITCH DEVELOPMENTS UK LTD
  5. 2022-03-15
    MCALINDEN, Colin Thomas appointed
    director
  6. 2022-03-15
    MCALINDEN, Michael appointed
    director
  7. 2022-03-15
    📄
    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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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
Mr Colin Thomas Mcalinden
Individual · British · DOB 06/1970 · age 56
2550%
25–50%25-50% shares · 25-50% voting15/03/2022
Mr Michael Mcalinden
Individual · British · DOB 04/1977 · age 49
2550%
25–50%25-50% shares · 25-50% voting15/03/2022

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2022-03-15
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

10 Avonhead Road
Cumbernauld
Glasgow
G67 4RA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (2 active · 0 resigned)

MCALINDEN, Colin Thomas
director · ~56y · appointed 2022-03-15
View their other companies + combined net worth →
Active
MCALINDEN, Michael
director · ~49y · appointed 2022-03-15
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-21
incorporation-company
incorporation · NEWINC
2022-03-15