MAIN ST DEVELOPMENT LTD
🌿Early-stageactive
SC800375 · ltd · incorporated 2024-02-23
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
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
61/100
Worth a look
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
- 68310Real estate agencies
- 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 61/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 |
|---|
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-03-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-18➕KAGUE, Mathew appointeddirector
- 2024-06-18➖KAGUE, Mathew resigneddirector
- 2024-06-18➕RASHID, Zebunessa appointeddirector
- 2024-06-18➖RASHID, Zebunessa resigneddirector
- 2024-06-17➕KAGUE, Mathew appointeddirector
- 2024-06-17➖RASHID, Zebunessa resigneddirector
- 2024-02-23🏢Company incorporatedAs MAIN ST DEVELOPMENT LTD
- 2024-02-23➕RASHID, Zebunessa appointeddirector
- 2024-02-23📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Young company: Only 2.2 years old — management layer unlikely to be developed.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-08
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mathew Kague Individual · British · DOB 02/1975 · age 51 | 75–100% | — | 75-100% shares | 18/06/2024 |
3 historic (ceased) PSCs
- Miss Zebunessa Rashidceased 18/06/2024· 75-100% shares
- Mr Mathew Kagueceased 18/06/2024· board control
- Zebunessa Rashidceased 17/06/2024· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MA PROPERTIES (GLASGOW) LIMITED→ SC775158 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MA PROPERTY SCOTLAND LTD→ SC861818 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MALENHOLD LIMITED→ SC112531 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| MALIK PROPERTIES LTD→ SC255935 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| MAMS PROPERTY LTD→ SC857501 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MANCEAU LIMITED→ SC799479 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MANCHESTER FOOT & ANKLE CLINIC / NORTH WEST ORTHOSPORTS LTD.→ SC387376 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| MANOR LETTING AGENTS LTD→ SC690392 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MANORHOLME SCOTLAND LTD→ SC716661 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MANSUR BUSINESS VENTURES LTD→ SC322826 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MAR PROP HOLDINGS LTD→ SC741476 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MARAMA INVESTMENTS LTD→ SC814825 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2024-02-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
140 Main Street
Ground Floor
Glasgow
Cambuslang
G72 7EL
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-08OVERDUE
Last: 2025-02-22
Officers (1 active · 3 resigned)
KAGUE, Mathew→
Activedirector · ~51y · appointed 2024-06-18
View their other companies + combined net worth →
KAGUE, Mathew→
Resigneddirector · ~51y · appointed 2024-06-17 · resigned 2024-06-18
RASHID, Zebunessa→
Resigneddirector · ~55y · appointed 2024-06-18 · resigned 2024-06-18
RASHID, Zebunessa→
Resigneddirector · ~55y · appointed 2024-02-23 · resigned 2024-06-17
Click a director name to see their full track record across all companies.
Recent filings (16 total)
accounts-with-accounts-type-dormant
accounts · AA
2025-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-11
termination-director-company-with-name-termination-date
officers · TM01
2024-07-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-04
appoint-person-director-company-with-name-date
officers · AP01
2024-07-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-03
termination-director-company-with-name-termination-date
officers · TM01
2024-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-03
appoint-person-director-company-with-name-date
officers · AP01
2024-07-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-03
termination-director-company-with-name-termination-date
officers · TM01
2024-07-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-03
appoint-person-director-company-with-name-date
officers · AP01
2024-07-03