CULLODEN BUILDERS LIMITED
Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
5 live charges · oldest 38.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 38.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £346.2k | £355.8k |
| Net assets | £2.34M | £2.34M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (29 events)Click to expand
- 2025-10-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-30📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2024-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-11📄change-person-director-company-with-change-dateofficers · CH01
- 2019-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-10-02🔓Charge satisfied #4
- 2018-08-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-08-22🔓Charge satisfied #3
- 2018-08-18🔓Charge satisfied #5
- 2018-08-17🔓Charge satisfied #2
- 2018-08-04🔓Charge satisfied #1
- 2015-08-20➖URQUHART, Malcolm resigneddirector
- 1997-12-24🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 1995-10-23🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1995-04-26🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1992-01-30🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1988-03-31🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1982-10-01🏢Company incorporatedAs CULLODEN BUILDERS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 44 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Maritime Trustees Limited (Sc033519) As Sole Trustees Of The Malcolm Urquhart Will Trust 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 |
|---|---|---|---|---|
Maritime Trustees Limited (Sc033519) As Sole Trustees Of The Malcolm Urquhart Will Trust Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest | 21/07/2025 |
1 historic (ceased) PSC
- Exec Of The Late Malcolm Urquhartceased 21/07/2025· 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.
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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 →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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 24/12/1997 | 18/08/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/10/1995 | 02/10/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 26/04/1995 | 22/08/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/01/1992 | 17/08/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 31/03/1988 | 04/08/2018 |