CALEDONIA PROJECTS LTD

🌿Early-stageactive
SC779332 · ltd · incorporated 2023-08-16
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.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Aug 2025
Net worth
£786
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
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 71/100 (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 (58/100).

Data confidence

Overall: medium (76/100)

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

Company profile
address, 2 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
Network not yet resolved
30
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 · accounting standard not declared
Positive net assets
Net assets £786
Net assets shrinking
Down £332 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£786
↓ 30% YoY
Current Assets
£786
↓ 30% YoY
Current Liabilities
—
£0£224£447£671£894£1kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£786£1.1k
Current assets£786£1.1k
Net assets£786£1.1k

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

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-08
    📄
    elect-to-keep-the-directors-residential-address-register-information-on-the-public-register
    officers · EH02
  5. 2023-08-16
    🏢
    Company incorporated
    As CALEDONIA PROJECTS LTD
  6. 2023-08-16
    ➕
    JOHNSTON, Andrew Steven appointed
    director
  7. 2023-08-16
    ➕
    MILLS, Liam Peter appointed
    director
  8. 2023-08-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 2.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • 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
Mr Liam Peter Mills
Individual · Scottish · DOB 08/1975 · age 51
25–50%
25–50%board control25-50% shares · 25-50% voting · board control16/08/2023
Mr Andrew Steven Johnston
Individual · British · DOB 08/1977 · age 49
25–50%
25–50%board control25-50% shares · 25-50% voting · board control16/08/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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£12.52M—630028y8875y
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——4055y8882y
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——24121y8866y
SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→
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GEORGE SHARKEY & SONS LIMITED→
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£779.7k
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——6830y8466y
OMEGA LIFT SERVICES LIMITED→
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DATS - DESIGN AND TRAINING SOLUTIONS LTD→
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£1.5k
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AMA CONSTRUCTION (EDINBURGH) LIMITED→
SC100586 · est 1986
———220039y8373y
ARMITSCOT DEVELOPMENTS LIMITED→
SC053538 · est 1973 · no financials extracted
————53y8361y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2023-08-16
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

13 Jardine Place
Bathgate
EH48 4GU
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (2 active · 0 resigned)

JOHNSTON, Andrew Steven→
director · ~49y · appointed 2023-08-16
View their other companies + combined net worth →
Active
MILLS, Liam Peter→
director · ~51y · appointed 2023-08-16
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)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-01
elect-to-keep-the-directors-residential-address-register-information-on-the-public-register
officers · EH02
2025-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
incorporation-company
incorporation · NEWINC
2023-08-16