ABERTAY PROPERTY COMPANY LIMITED

💤Zombieactive
SC149703 · ltd · incorporated 1994-03-17
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 72-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 5 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

11 live charges · 2 lenders · oldest 29.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 29.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees100100

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

🔒Filing-note intelligence

1 signal 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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-01-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-03-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-03-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-01-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2015-01-14
    🔓
    Charge satisfied #2
  17. 2006-08-28
    🔒
    Charge registered #13
    Lender: The Governor and Company of the Bank of Scotland
  18. 2005-05-10
    🔓
    Charge satisfied #6
  19. 2004-10-11
    ➕
    O'HAGAN, Sara Elizabeth appointed
    secretary
  20. 2004-10-11
    ➖
    MCLEAN, Anne Louise resigned
    secretary
  21. 2004-10-11
    ➖
    MCLEAN, Anne Louise resigned
    director
  22. 2004-05-25
    🔒
    Charge registered #11
    Lender: The Governor and Company of the Bank of Scotland
  23. 2004-05-11
    🔒
    Charge registered #10
    Lender: The Governor and Company of the Bank of Scotland
  24. 2003-01-07
    🔓
    Charge satisfied #9
  25. 2002-08-07
    🔓
    Charge satisfied #8
  26. 2002-08-07
    🔓
    Charge satisfied #3
  27. 2001-08-13
    🔒
    Charge registered #9
    Lender: The Governor and Company of the Bank of Scotland
  28. 2000-11-23
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  29. 2000-05-31
    🔒
    Charge registered #12
    Lender: The Governor and Company of the Bank of Scotland
  30. 1999-11-08
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  31. 1998-02-10
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  32. 1997-05-14
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  33. 1997-04-22
    🔓
    Charge satisfied #1
  34. 1997-03-31
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  35. 1996-09-06
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 1994-03-17
    🏢
    Company incorporated
    As ABERTAY PROPERTY COMPANY LIMITED
  37. 1994-03-17
    ➕
    MCLEAN, Brian Alexander appointed
    director
  38. 1994-03-17
    ➕
    MCLEAN, Anne Louise appointed
    secretary
  39. 1994-03-17
    ➕
    HBJ SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  40. 1994-03-17
    ➖
    HBJ SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  41. 1994-03-17
    ➕
    MCLEAN, Anne Louise appointed
    director
  42. 1994-03-17
    ➕
    HENDERSON BOYD JACKSON LIMITED appointed
    corporate-nominee-director
  43. 1994-03-17
    ➖
    HENDERSON BOYD JACKSON LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Brian Alexander Mclean
Individual · British · DOB 10/1954 · age 72
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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.

See pricing →

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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
Incorporated1994-03-17
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Hillview
Bankfoot
Perth
PH1 4ED
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-22
Last: 2026-03-08

Officers (2 active · 4 resigned)

O'HAGAN, Sara Elizabeth→
secretary · appointed 2004-10-11
View their other companies + combined net worth →
Active
MCLEAN, Brian Alexander→
director · ~72y · appointed 1994-03-17
View their other companies + combined net worth →
Active
MCLEAN, Anne Louise→
secretary · appointed 1994-03-17 · resigned 2004-10-11
Resigned
HBJ SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 1994-03-17 · resigned 1994-03-17
Resigned
MCLEAN, Anne Louise→
director · ~75y · appointed 1994-03-17 · resigned 2004-10-11
Resigned
HENDERSON BOYD JACKSON LIMITED→
corporate-nominee-director · appointed 1994-03-17 · resigned 1994-03-17
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

11
Total charges
5
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property28/08/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of variation1 property25/05/2004—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of variation1 property11/05/2004—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property13/08/200107/01/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/11/200007/08/2002
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of variation1 property31/05/2000—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/11/1999—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/02/199810/05/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property14/05/199707/08/2002
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property31/03/199714/01/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/09/199622/04/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20