ORKNEY QUALITY DEVELOPMENTS LIMITED

🌳Matureactive
SC178227 · ltd · incorporated 1997-08-27
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 Sept 2025
Net worth
£300.9k
book net assets
Opportunity
80/100
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
Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (60/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -56% 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 28.3y

45/100
under pressure

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

  • · Oldest live charge is 28.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £300,909
Net assets shrinking
Down £45,827 YoY
Cash draining
Cash down 56% YoY
Cash YoY
-56%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£130k
↓ 56% YoY
Net Worth
£301k
↓ 13% YoY
Current Assets
£314k
↓ 13% YoY
Current Liabilities
—
£0£72k£144k£216k£288k£360kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Total assets£300.9k£346.7k
Current assets£313.7k£360.0k
Cash£130.3k£294.0k
Debtors£183.3k£66.0k
Net assets£300.9k£346.7k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-01-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-06-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-04-05
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2023-03-30
    📄
    memorandum-articles
    incorporation · MA
  7. 2023-03-30
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2022-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-11-18
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2022-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-04-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-03-30
    🔓
    Charge satisfied #4
  16. 2021-03-30
    🔓
    Charge satisfied #3
  17. 2021-03-30
    🔓
    Charge satisfied #1
  18. 2021-02-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2021-02-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2021-02-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2021-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2020-04-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2001-03-20
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  24. 1998-03-16
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  25. 1998-01-29
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  26. 1997-08-27
    🏢
    Company incorporated
    As ORKNEY QUALITY DEVELOPMENTS LIMITED
  27. 1997-08-27
    ➕
    GRAY, Diane appointed
    secretary
  28. 1997-08-27
    ➕
    GRAY, Diane appointed
    director
  29. 1997-08-27
    ➕
    GRAY, Stewart Thomas appointed
    director
  30. 1997-08-27
    ➕
    JOHNSTONE, Karen Elizabeth appointed
    director
  31. 1997-08-27
    ➕
    JOHNSTONE, William Alfred appointed
    director
  32. 1997-08-27
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  33. 1997-08-27
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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 ·
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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Stewart Thomas Gray
Individual · British · DOB 10/1969 · age 57
50–75%
—50-75% shares01/08/2016

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

6 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
Incorporated1997-08-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Laurel Bank
Cromwell Road
Kirkwall
Orkney
KW15 1LH
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27

Officers (5 active · 1 resigned)

GRAY, Diane→
secretary · appointed 1997-08-27
View their other companies + combined net worth →
Active
GRAY, Diane→
director · ~53y · appointed 1997-08-27
View their other companies + combined net worth →
Active
GRAY, Stewart Thomas→
director · ~57y · appointed 1997-08-27
View their other companies + combined net worth →
Active
JOHNSTONE, Karen Elizabeth→
director · ~63y · appointed 1997-08-27
View their other companies + combined net worth →
Active
JOHNSTONE, William Alfred→
director · ~63y · appointed 1997-08-27
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1997-08-27 · resigned 1997-08-27
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property20/03/200130/03/2021
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property16/03/199830/03/2021
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property29/01/199830/03/2021

Recent filings (90 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
capital-name-of-class-of-shares
capital · SH08
2023-04-05
memorandum-articles
incorporation · MA
2023-03-30
resolution
resolution · RESOLUTIONS
2023-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-31
change-account-reference-date-company-previous-extended
accounts · AA01
2022-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27