CASTLECROFT SECURITIES LIMITED
🌳Matureactive
SC088688 · ltd · incorporated 1984-07-02
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
- 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
PursueProperty-backed borrower with a 81-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 81). Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
37 live charges · 12 lenders · oldest 41.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 41.8 years old — likely at or near maturity.
- · 12 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
37 charges (37/37 with lender, 37/37 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 8 with DOB)
86
Ownership & PSC
4 active PSC(s) of 6 total, 6 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
193 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (95 events)Click to expand
- 2025-12-11📄accounts-with-accounts-type-smallaccounts · AA
- 2025-01-08📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-09📄accounts-with-accounts-type-smallaccounts · AA
- 2023-08-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-09📄accounts-with-accounts-type-smallaccounts · AA
- 2022-02-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-21🔓Charge satisfied #38
- 2022-02-16🔒Charge registered #40Lender: Donald Smith and Son (Metals) Limited, Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB
- 2022-01-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-14🔒Charge registered #39Lender: Donald Smith and Son (Metals) Limited, a Company Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB
- 2022-01-14🔒Charge registered #38Lender: Donald Smith and Son (Metals) Limited, a Company Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB
- 2021-12-24📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-smallaccounts · AA
- 2020-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-07-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-06-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-02-21📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-13📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-12➕BLACK, Jordan John appointeddirector
- 2020-01-24➖SMITH, Anne Margaret resigneddirector
- 2019-10-24🔒Charge registered #37Lender: Santander UK PLC as Security Trustee
- 2019-10-09🔓Charge satisfied #27
- 2019-10-09🔓Charge satisfied #25
- 2019-10-09🔓Charge satisfied #26
- 2017-12-15➕BLACK, Sheena Jane appointeddirector
- 2017-11-15🔒Charge registered #36Lender: Santander UK PLC (Company Reg No 2294747)
- 2017-11-15🔒Charge registered #35Lender: Santander UK PLC (Company Reg No 2294747)
- 2017-11-15🔒Charge registered #34Lender: Santander UK PLC (Company Reg No 2294747)
- 2017-11-15🔒Charge registered #33Lender: Santander UK PLC (Company Reg No 2294747)
- 2017-11-13🔓Charge satisfied #24
- 2017-10-26🔒Charge registered #32Lender: Santander UK PLC
- 2017-10-26🔓Charge satisfied #30
- 2017-10-26🔓Charge satisfied #29
- 2017-10-26🔓Charge satisfied #28
- 2017-09-27🔓Charge satisfied #31
- 2017-09-08🔒Charge registered #31Lender: Vaird LTD
- 2016-09-21🔒Charge registered #30Lender: Bwd Developements Limited
- 2013-05-01➕GODSMAN, George appointeddirector
- 2013-02-20➖BLACK, Sheena Jane resigneddirector
- 2011-06-24🔓Charge satisfied #23
- 2011-06-24🔓Charge satisfied #22
- 2011-06-24🔓Charge satisfied #21
- 2011-06-24🔓Charge satisfied #19
- 2011-06-24🔓Charge satisfied #18
- 2011-06-24🔓Charge satisfied #17
- 2011-06-24🔓Charge satisfied #16
- 2009-01-23➖WISHART, Alexander Marshall resigneddirector
Showing most recent 50 of 95 events
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 13 years.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
4 active beneficial owners · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alexander Marshall Wishart Individual · British · DOB 10/1954 · age 72 | 25–50% | — | 25-50% shares | 30/06/2016 |
Mr John Macleod Black Individual · British · DOB 10/1945 · age 81 | — | — | sig. influencesignificant influence · trust interest | 12/06/2020 |
Mr Jordan John Black Individual · British · DOB 11/1994 · age 32 | — | — | sig. influencesignificant influence · trust interest | 12/06/2020 |
Mrs Sheena Jane Black Individual · British · DOB 08/1946 · age 80 | — | — | sig. influencesignificant influence · trust interest | 12/06/2020 |
2 historic (ceased) PSCs
- Mr John Mcleod Blackceased 12/06/2020· 25-50% shares
- Mrs Anne Margaret Smithceased 24/01/2020· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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
Incorporated1984-07-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
King James Vi Business Centre Riverview Business Park
Friarton Road
Perth
Perthshire
PH2 8DG
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-25
Last: 2026-01-11
Officers (5 active · 5 resigned)
BLACK, John Mcleod→
Activesecretary · appointed 2000-03-31
View their other companies + combined net worth →
Active
BLACK, Jordan John→
Activedirector · ~32y · appointed 2020-02-12
View their other companies + combined net worth →
BLACK, Sheena Jane→
Activedirector · ~80y · appointed 2017-12-15
View their other companies + combined net worth →
GODSMAN, George→
Activedirector · ~74y · appointed 2013-05-01
View their other companies + combined net worth →
BLACK, Sheena Jane→
Resignedsecretary · resigned 2000-03-31
BLACK, Kevin Baird→
Resigneddirector · ~58y · appointed 1995-03-31 · resigned 1996-11-29
BLACK, Sheena Jane→
Resigneddirector · ~80y · resigned 2013-02-20
SMITH, Anne Margaret→
Resigneddirector · ~61y · appointed 2007-06-20 · resigned 2020-01-24
WISHART, Alexander Marshall→
Resigneddirector · ~72y · resigned 2009-01-23
Click a director name to see their full track record across all companies.
Mortgages & charges
37
Total charges
8
Outstanding
3
Active lenders
Status:Lender:37 of 37 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Donald Smith and Son (Metals) , Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB Donald Smith and Son (Metals) Limited, Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB | A registered charge | 1 property | 16/02/2022 | — | |
| outstanding | Donald Smith and Son (Metals) , a Company Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB Donald Smith and Son (Metals) Limited, a Company Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB | A registered charge | 1 property | 14/01/2022 | — | |
| satisfied | Donald Smith and Son (Metals) , a Company Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB Donald Smith and Son (Metals) Limited, a Company Incorporated Under the Companies Acts (Registered Number SC044181) and Having Its Registered Office at Friarton Buildings, Friarton Road, Perth PH2 8BB | A registered charge | 2 properties | 14/01/2022 | 21/02/2022 | |
| outstanding | Santander Santander UK PLC as Security Trustee | A registered charge | 1 property | 24/10/2019 | — | |
| outstanding | Santander Santander UK PLC (Company Reg No 2294747) | A registered charge | 1 property | 15/11/2017 | — | |
| outstanding | Santander Santander UK PLC (Company Reg No 2294747) | A registered charge | 1 property | 15/11/2017 | — | |
| outstanding | Santander Santander UK PLC (Company Reg No 2294747) | A registered charge | 1 property | 15/11/2017 | — | |
| outstanding | Santander Santander UK PLC (Company Reg No 2294747) | A registered charge | 1 property | 15/11/2017 | — | |
| outstanding | Santander Santander UK PLC | A registered charge | — | 26/10/2017 | — | |
| satisfied | Vaird Vaird LTD | A registered charge | — | 08/09/2017 | 27/09/2017 | |
| satisfied | Bwd Developements Bwd Developements Limited | A registered charge | — | 21/09/2016 | 26/10/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/01/2008 | 26/10/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/11/2007 | 26/10/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/10/2007 | 09/10/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/10/2007 | 09/10/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 03/10/2007 | 09/10/2019 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 26/09/2007 | 13/11/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/03/2006 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/02/2006 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/05/2003 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 16/11/2000 | 28/05/2004 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/11/2000 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/11/2000 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/11/2000 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 08/11/2000 | 24/06/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 31/07/2000 | 16/10/2007 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 28/04/1997 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 11/07/1996 | 23/01/2001 | |
| satisfied | First National Commercial Bank First National Commercial Bank PLC | Standard security | 1 property | 26/02/1991 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 16/07/1990 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 17/11/1989 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 2 properties | 30/03/1989 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 28/12/1988 | 23/01/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 24/11/1988 | 01/02/2001 | |
| satisfied | W M Mann & Co (Investments) W M Mann & Co (Investments) LTD | Standard security | 1 property | 27/11/1985 | 21/03/1990 | |
| satisfied | W M Mann & Co (Investments) W M Mann & Co (Investments) LTD | Standard security | 1 property | 18/11/1985 | 21/03/1990 | |
| satisfied | W M Mann & Co (Investments) W M Mann & Co (Investments) LTD | Standard security | 1 property | 20/07/1984 | 20/04/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (193 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-small
accounts · AA
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-small
accounts · AA
2025-01-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-small
accounts · AA
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-08
accounts-with-accounts-type-small
accounts · AA
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-21
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-26
accounts-with-accounts-type-small
accounts · AA
2021-12-24