CRUDEN HOMES (LONGNIDDRY SOUTH) LIMITED
Opportunity 73/100 (strong), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 3 lenders · oldest 2.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 2.5 years old — likely still in initial term.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
Corporate timeline (31 events)Click to expand
- 2026-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2025-10-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-01🔓Charge satisfied #7
- 2025-06-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-20🔓Charge satisfied #1
- 2024-11-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-08📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2024-06-05🔒Charge registered #7Lender: East Lothian Council
- 2024-05-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2024-05-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-30🔒Charge registered #6Lender: Bank of Scotland PLC
- 2024-04-30🔒Charge registered #5Lender: Bank of Scotland PLC
- 2024-04-30🔒Charge registered #4Lender: Bank of Scotland PLC
- 2024-04-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-25🔒Charge registered #3Lender: Bank of Scotland PLC
- 2024-04-25🔒Charge registered #2Lender: Bank of Scotland PLC
- 2023-10-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-18📄memorandum-articlesincorporation · MA
- 2023-10-18📄resolutionresolution · RESOLUTIONS
- 2023-10-18🔒Charge registered #1Lender: Trustees of the First Grandchildren's Fund
- 2023-07-07📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-07-06🏢Company incorporatedAs CRUDEN HOMES (LONGNIDDRY SOUTH) LIMITED
- 2023-07-06➕DIMOND, Paula appointedsecretary
- 2023-07-06➕HAGGERTY, Euan James Edward appointeddirector
- 2023-07-06➕LYNES, Fraser appointeddirector
- 2023-07-06➕SIMPSON, Steven George appointeddirector
- 2023-07-06📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Young company: Only 2.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Cruden Ventures Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Cruden Ventures Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/07/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (4 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | East Lothian Council | A registered charge | 1 property | 05/06/2024 | 01/10/2025 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 30/04/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 30/04/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 30/04/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 25/04/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 25/04/2024 | — | |
| satisfied | Trustees of the First Grandchildren's Fund | A registered charge | 2 properties | 18/10/2023 | 20/06/2025 |