CULPHIN LTD
🌱Startupactive
SC828219 · ltd · incorporated 2024-11-07
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
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
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 72/100 (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).
🏦
Refinance opportunity
2 live charges · oldest 0.7y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 0.7 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (55/100)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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 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
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
100
Good data coverage for analysis.
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 (12 events)Click to expand
- 2026-03-09📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-08-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-19🔒Charge registered #2Lender: Romaco Spv 2 Limited
- 2025-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-15🔒Charge registered #1Lender: Romaco Spv 2 Limited
- 2024-11-07🏢Company incorporatedAs CULPHIN LTD
- 2024-11-07➕BARRON, John Alexander appointeddirector
- 2024-11-07➕BARRON, Sadie Marie appointeddirector
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-07📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Young company: Only 1.5 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Sadie Marie Barron Individual · British · DOB 03/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/11/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Active · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CASTLEWOOD PARK LIMITED→ SC267888 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| COOPS ESTATES LTD→ SC865556 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COUNSELLING SPACE SCOTLAND LTD→ SC617733 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| DECC LTD→ SC616627 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DEE PROPERTY LIMITED→ SC234031 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| DEESIDE ANTIQUES EMPORIUM LTD→ SC768296 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DEESIDE DEVELOPMENTS (GRAMPIAN) LIMITED→ SC450260 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| DEEVALE INVESTMENTS LIMITED→ SC064747 · est 1978 · no financials extracted | — | — | — | — | 47y | — | — |
| DEMOCA PROPERTIES LIMITED→ SC056245 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| DEN IN THE GLEN LTD→ SC712253 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| DEPALA LTD→ SC850006 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DESA ABERDEEN LTD→ SC638667 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2024-11-07
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
26 Mid Street Cornhill
Banff
Aberdeenshire
AB45 2EH
Scotland
Filing status
Accounts
Next due: 2026-08-07
Last made up to: —
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06
Officers (2 active · 0 resigned)
BARRON, John Alexander→
Activedirector · ~47y · appointed 2024-11-07
View their other companies + combined net worth →
BARRON, Sadie Marie→
Activedirector · ~40y · appointed 2024-11-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | 1 property | 19/08/2025 | — | |
| outstanding | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | — | 15/08/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (8 total)
change-account-reference-date-company-current-extended
accounts · AA01
2026-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-18
change-person-director-company-with-change-date
officers · CH01
2024-11-07
change-person-director-company-with-change-date
officers · CH01
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-07
incorporation-company
incorporation · NEWINC
2024-11-07