ALTENS LORRY PARK DEVELOPMENT LIMITED
🌳Matureactive
SC178598 · ltd · incorporated 1997-09-08
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 Mar 2025
Net worth
£4.98M
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 78/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
14 live charges · 6 lenders · oldest 28.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.5 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
107 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
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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 · accounting standard not declaredPositive net assets
Net assets £4,983,513
Cash YoY
+139%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£180k
↑ 139% YoY
Net Worth
£5.0m
~ YoY
Current Assets
£367k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £8.49M | £8.37M |
| Current assets | £366.8k | £315.3k |
| Cash | £179.9k | £75.4k |
| Debtors | £186.9k | £240.0k |
| Net assets | £4.98M | £4.97M |
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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
- 2025-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-09🔓Charge satisfied #9
- 2024-04-09🔓Charge satisfied #8
- 2024-04-09🔓Charge satisfied #7
- 2024-04-08🔒Charge registered #15Lender: Aberdeen City Council
- 2024-04-08🔒Charge registered #13Lender: The Royal Bank of Scotland PLC
- 2024-04-02🔒Charge registered #14Lender: The Royal Bank of Scotland PLC
- 2024-03-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-05🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2023-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-12-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-22🔓Charge satisfied #10
- 2018-01-16🔓Charge satisfied #11
- 2015-12-09🔒Charge registered #11Lender: Bridging Finance Limited
- 2015-11-11🔒Charge registered #10Lender: Bridging Finance Limited
- 2015-10-07🔒Charge registered #9Lender: Aldermore Bank PLC
- 2015-10-07🔓Charge satisfied #6
- 2015-10-07🔓Charge satisfied #5
- 2015-10-07🔓Charge satisfied #4
- 2015-10-01➕DUNBAR, Euan Alexander appointeddirector
- 2015-10-01➕DUNBAR, Nicola Jane appointeddirector
- 2015-10-01➖FAIRLESS, Stephen John resignedsecretary
- 2015-10-01➖FINNIE, Ivor Mcintosh resigneddirector
- 2015-10-01➖WALLACE, Alan resigneddirector
- 2015-10-01🔒Charge registered #8Lender: Aldermore Bank PLC
- 2015-10-01🔒Charge registered #7Lender: Aldermore Bank PLC
- 2007-04-01➕FAIRLESS, Stephen John appointedsecretary
- 2007-03-31➖ROACH, Kenneth Raymond resignedsecretary
- 2006-03-22🔒Charge registered #6Lender: The Governor and Company of the Bank of Scotland
- 2004-04-20🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 2004-04-14🔓Charge satisfied #2
- 2004-04-02🔓Charge satisfied #3
- 2004-02-24🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1997-10-20🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1997-10-08🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1997-10-03➖MIDDLETON, Sandra Elizabeth resignednominee-secretary
- 1997-10-03➕ROACH, Kenneth Raymond appointedsecretary
Showing most recent 50 of 56 events
Owner dependency
74/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
71/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Altens Development Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Altens Development Company Limited
Corporate parent · holds 75-100% shares
⬇
ALTENS LORRY PARK DEVELOPMENT LIMITED
This company · SC178598
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
3 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Altens Development Company Limited Corporate entity | 75–100% | — | 75-100% shares | 16/12/2022 |
Mr Euan Alexander Dunbar Individual · British · DOB 10/1962 · age 64 | — | — | board controlboard control | 06/04/2016 |
Mrs Nicola Jane Dunbar Individual · British · DOB 09/1968 · age 58 | — | — | board controlboard control | 06/04/2016 |
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 →Similar companies
Active · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J SMITH PROPERTIES LTD→ SC527788 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| A PLUS BUSINESS CONSULTANTS AND ADVISORS LTD.→ SC631063 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A PLUS PROPERTY DEVELOPMENT LTD.→ SC722440 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| A.L. CUMMING AND SONS LIMITED→ SC427077 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| A.M. DAVIDSON LIMITED→ SC222926 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ALBA ESTATES LIMITED→ SC255513 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AMBERCAIRN LIMITED→ SC152152 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| AMD PROPERTY (ABERDEEN) LIMITED→ SC420264 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| ANVIL ESTATES LIMITED→ SC255514 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AODENTZ LTD→ SC854565 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APV PROPERTY MANAGEMENT (SCOTLAND) LIMITED→ SC779563 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AQ SOLUTIONS LIMITED→ SC782076 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1997-09-08
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Site Office, Altens Lorry Park Hareness Road
Altens Industrial Estate
Aberdeen
AB12 3LE
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15
Officers (2 active · 6 resigned)
DUNBAR, Euan Alexander→
Activedirector · ~64y · appointed 2015-10-01
View their other companies + combined net worth →
DUNBAR, Nicola Jane→
Activedirector · ~58y · appointed 2015-10-01
View their other companies + combined net worth →
FAIRLESS, Stephen John→
Resignedsecretary · appointed 2007-04-01 · resigned 2015-10-01
MIDDLETON, Sandra Elizabeth→
Resignednominee-secretary · appointed 1997-09-08 · resigned 1997-10-03
ROACH, Kenneth Raymond→
Resignedsecretary · appointed 1997-10-03 · resigned 2007-03-31
FINNIE, Ivor Mcintosh→
Resigneddirector · ~81y · appointed 1997-10-03 · resigned 2015-10-01
MCNIVEN, Alan Ross→
Resignednominee-director · ~76y · appointed 1997-09-08 · resigned 1997-10-03
WALLACE, Alan→
Resigneddirector · ~76y · appointed 1997-10-03 · resigned 2015-10-01
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
4
Outstanding
2
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aberdeen City Council | A registered charge | 1 property | 08/04/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 5 properties | 08/04/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC / Aberdeen City Council | A registered charge | 4 properties | 02/04/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 05/03/2024 | — | |
| satisfied | Bridging Finance Bridging Finance Limited | A registered charge | 1 property | 09/12/2015 | 16/01/2018 | |
| satisfied | Bridging Finance Bridging Finance Limited | A registered charge | — | 11/11/2015 | 22/01/2018 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 07/10/2015 | 09/04/2024 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 01/10/2015 | 09/04/2024 | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | — | 01/10/2015 | 09/04/2024 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 22/03/2006 | 07/10/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 20/04/2004 | 07/10/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 24/02/2004 | 07/10/2015 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 20/10/1997 | 02/04/2004 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 08/10/1997 | 14/04/2004 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (107 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-16