DABART LIMITED

🌳Matureactive

SC169972 · ltd · incorporated 1996-11-19

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£198.2k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 79-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -80% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 27.3y

45/100

under pressure

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

· Oldest live charge is 27.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· 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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

75 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

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 →

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £198,202

Cash draining

Cash down 80% YoY

Cash YoY

-80%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1k

↓ 80% YoY

Net Worth

£198k

↑ 5.0% YoY

Current Assets

£28k

↓ 3.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£262.7k	£264.9k
Current assets	£28.2k	£29.3k
Cash	£1.0k	£5.1k
Debtors	£27.2k	£24.2k
Net assets	£198.2k	£188.8k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-09-05
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-09-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-09-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-12-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2002-09-10
➕
BARNES, Jillian Faith appointed
secretary
2002-09-10
➕
BARNES, Jillian Faith appointed
director
2002-09-10
➖
SMITH, Kenneth Mackay resigned
secretary
2002-09-10
➖
SMITH, Kenneth Mackay resigned
director
2001-08-22
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1999-02-26
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
1999-02-05
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1996-11-19
🏢
Company incorporated
As DABART LIMITED
1996-11-19
➕
BARNES, David Alan appointed
director
1996-11-19
➕
SMITH, Kenneth Mackay appointed
secretary
1996-11-19
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1996-11-19
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1996-11-19
➕
SMITH, Kenneth Mackay appointed
director

Owner dependency

91/100

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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Alan Barnes Individual · British · DOB 11/1947 · age 79	75–100%	75–100%	75-100% shares · 75-100% voting	01/06/2016

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 →

Similar companies

Active · Property · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FREEPORT SCOTLAND LIMITED→ SC087372 · est 1984	£2.26M £1.92M–£2.60M	—	£2.26M	—	42y	83	65y
ROBB DONALD & CO. LIMITED→ SC109886 · est 1988	£1.67M £1.42M–£1.92M	—	£1.67M	—	38y	83	76y
DOONBANK INVESTMENTS LIMITED→ SC089875 · est 1984	£1.61M £1.37M–£1.85M	—	£1.61M	—	41y	83	69y
BUILDWAYS LIMITED→ SC035627 · est 1960	£652.9k £555.0k–£750.9k	—	£652.9k	—	65y	82	72y
DAEDALUS PROPERTIES LIMITED→ SC222335 · est 2001	£637.0k £541.5k–£732.6k	—	£637.0k	—	24y	82	67y
DS PROPERTY MANAGEMENT LIMITED→ SC372145 · est 2010	£234.1k £199.0k–£269.2k	—	£234.1k	—	16y	83	61y
AYRSHIRE PROPERTY MANAGEMENT LTD.→ SC387933 · est 2010	£202.4k £172.0k–£232.8k	—	£202.4k	—	15y	82	69y
CITY TYRES & EXHAUSTS LIMITED→ SC186944 · est 1998	£193.0k £164.0k–£221.9k	—	£193.0k	—	27y	82	80y
MCG PROPERTIES LIMITED→ SC297086 · est 2006	£111.8k £95.0k–£128.6k	—	£111.8k	—	20y	83	71y
J G D PROPERTIES LIMITED→ SC254693 · est 2003	£97.6k £82.9k–£112.2k	—	£97.6k	—	22y	82	77y
CROSSING PROPERTIES LTD.→ SC170722 · est 1996	£83.5k £71.0k–£96.0k	—	£83.5k	—	29y	82	78y
BRYAN BYRNE CONSULTANTS PROPERTIES LIMITED→ SC281879 · est 2005	£79.4k £67.5k–£91.3k	—	£79.4k	—	21y	82	70y

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.

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Company details

Statusactive

Typeltd

Incorporated1996-11-19

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Block 1 Brunthill Farm

By Fenwick

Kilmarnock

KA3 6HX

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-16

Last: 2025-11-02

Officers (3 active · 3 resigned)

BARNES, Jillian Faith→

secretary · appointed 2002-09-10

View their other companies + combined net worth →

Active

BARNES, David Alan→

director · ~79y · appointed 1996-11-19

View their other companies + combined net worth →

Active

BARNES, Jillian Faith→

director · ~70y · appointed 2002-09-10

View their other companies + combined net worth →

Active

SMITH, Kenneth Mackay→

secretary · appointed 1996-11-19 · resigned 2002-09-10

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1996-11-19 · resigned 1996-11-19

Resigned

SMITH, Kenneth Mackay→

director · ~77y · appointed 1996-11-19 · resigned 2002-09-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	22/08/2001	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	26/02/1999	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	05/02/1999	—

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