CHERRYTREES DEVELOPMENT COMPANY LIMITED

🌳Matureactive
SC162671 · ltd · incorporated 1996-01-16
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
—
year to Nov 2024
Net worth
£1.71M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 02200
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (93/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 27.8y

15/100
under pressure

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

  • · Oldest live charge is 27.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,707,382
Cash draining
Cash down 77% YoY
Cash YoY
-77%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£28k
↓ 77% YoY
Net Worth
£1.7m
↑ 27% YoY
Current Assets
£143k
↓ 35% YoY
Current Liabilities
—
£0£341k£683k£1.0m£1.4m£1.7mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£2.25M£2.00M
Current assets£143.1k£220.1k
Cash£27.9k£118.6k
Debtors£113.0k£101.5k
Net assets£1.71M£1.34M

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-03-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-09
    ➖
    DEVEREUX, Peggy resigned
    director
  3. 2025-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-03-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-03-14
    🔓
    Charge satisfied #2
  7. 2023-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-05-03
    🔒
    Charge registered #3
    Lender: Wind Estate (UK) Limited
  10. 2022-08-18
    📄
    memorandum-articles
    incorporation · MA
  11. 2022-08-18
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2022-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-06-27
    ➕
    BRYDON, Kenneth Dick appointed
    secretary
  17. 2019-06-27
    ➖
    MACBETH CURRIE resigned
    corporate-secretary
  18. 2019-06-27
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  19. 2019-06-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2018-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-04-18
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2018-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2010-02-17
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  24. 2009-01-06
    🔓
    Charge satisfied #1
  25. 2005-07-04
    ➕
    DOCHERTY, Samantha Louise Justine appointed
    director
  26. 1998-06-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 1996-01-16
    🏢
    Company incorporated
    As CHERRYTREES DEVELOPMENT COMPANY LIMITED
  28. 1996-01-16
    ➕
    DEVEREUX, Edward John Howard appointed
    director
  29. 1996-01-16
    ➕
    MACBETH CURRIE appointed
    corporate-secretary
  30. 1996-01-16
    ➕
    PAGAN MACBETH appointed
    corporate-nominee-secretary
  31. 1996-01-16
    ➖
    PAGAN MACBETH resigned
    corporate-nominee-secretary
  32. 1996-01-16
    ➕
    CLARKE, John Bernard appointed
    nominee-director
  33. 1996-01-16
    ➖
    CLARKE, John Bernard resigned
    nominee-director
  34. 1996-01-16
    ➕
    DEVEREUX, Peggy appointed
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

96/100
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 79 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Edward John Howard Devereux
Individual · British · DOB 12/1947 · age 79
25–50%
25–50%25-50% shares · 25-50% voting01/05/2016

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

7 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
Incorporated1996-01-16
Jurisdictionscotland
Primary SIC02200 — SIC 02200

Registered office

11 Gordon Street
Broughty Ferry
Dundee
DD5 2RA
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-01-30
Last: 2026-01-16

Officers (3 active · 4 resigned)

BRYDON, Kenneth Dick→
secretary · appointed 2019-06-27
View their other companies + combined net worth →
Active
DEVEREUX, Edward John Howard→
director · ~79y · appointed 1996-01-16
View their other companies + combined net worth →
Active
DOCHERTY, Samantha Louise Justine→
director · ~51y · appointed 2005-07-04
View their other companies + combined net worth →
Active
MACBETH CURRIE→
corporate-secretary · appointed 1996-01-16 · resigned 2019-06-27
Resigned
PAGAN MACBETH→
corporate-nominee-secretary · appointed 1996-01-16 · resigned 1996-01-16
Resigned
CLARKE, John Bernard→
nominee-director · ~71y · appointed 1996-01-16 · resigned 1996-01-16
Resigned
DEVEREUX, Peggy→
director · ~78y · appointed 1996-01-16 · resigned 2026-03-09
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Wind Estate (UK)
Wind Estate (UK) Limited
A registered charge1 property03/05/2023—
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property17/02/201014/03/2024
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property26/06/199806/01/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-20
memorandum-articles
incorporation · MA
2022-08-18
resolution
resolution · RESOLUTIONS
2022-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-06