CARMICHAEL HOMES WEST END LIMITED

🌿Early-stageactive
SC728048 · ltd · incorporated 2022-03-30
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-407
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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 (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 3.3y

60/100
clean up first

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

  • · Charge age ~3.3 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
14 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
70
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
Negative net assets
Liabilities exceed assets by £407
Cash YoY
+115%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£35k
↑ 115% YoY
Net Worth
-£407
↓ 92% YoY
Current Assets
£4.6m
↑ 3.7% YoY
Current Liabilities
—
-£407£916k£1.8m£2.7m£3.7m£4.6mMar 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£-407£-212
Current assets£4.58M£4.42M
Cash£34.6k£16.1k
Debtors£30.7k£6.4k
Net assets£-407£-212

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
1
filing
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 mortgage
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-12-29
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  2. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-11-26
    🔓
    Charge satisfied #1
  5. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-02-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-02-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-02-08
    🔓
    Charge satisfied #2
  10. 2023-02-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-02-03
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  13. 2023-02-03
    🔒
    Charge registered #2
    Lender: Atom Bank PLC
  14. 2023-01-25
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  15. 2022-03-30
    🏢
    Company incorporated
    As CARMICHAEL HOMES WEST END LIMITED
  16. 2022-03-30
    ➕
    CARMICHAEL, Scott Alexander appointed
    director
  17. 2022-03-30
    ➕
    HILL, Clive appointed
    director
  18. 2022-03-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "CARMICHAEL" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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.)

Group structure

Clive Hill Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Clive Hill Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
CARMICHAEL HOMES WEST END LIMITED
This company · SC728048

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Clive Hill Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/03/2022

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.

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Company details

Statusactive
Typeltd
Incorporated2022-03-30
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Challenge House
29 Canal Street
Glasgow
G4 0AD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (2 active · 0 resigned)

CARMICHAEL, Scott Alexander→
director · ~55y · appointed 2022-03-30
View their other companies + combined net worth →
Active
HILL, Clive→
director · ~64y · appointed 2022-03-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property03/02/2023—
satisfied
Atom Bank
Atom Bank PLC
A registered charge1 property03/02/202308/02/2023
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—25/01/202326/11/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
mortgage-charge-part-release-with-charge-number
mortgage · MR05
2025-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-29
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-03
incorporation-company
incorporation · NEWINC
2022-03-30