A R D PROPERTIES LIMITED

🌳Matureactive
SC193678 · ltd · incorporated 1999-02-22
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£3.16M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 20.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
81 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 £3,159,446
Cash YoY
+28%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£163k
↑ 28% YoY
Net Worth
£3.2m
↑ 2.8% YoY
Current Assets
£328k
↑ 36% YoY
Current Liabilities
—
£0£632k£1.3m£1.9m£2.5m£3.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£3.16M£3.07M
Current assets£327.6k£241.3k
Cash£162.5k£126.5k
Debtors£165.1k£114.8k
Net assets£3.16M£3.07M

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2024-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2022-05-10
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-04-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2022-04-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-03-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2019-03-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2013-10-05
    🔓
    Charge satisfied #1
  18. 2006-04-08
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  19. 2000-05-03
    ➕
    DUTHIE, Richard Sneddon appointed
    secretary
  20. 2000-05-03
    ➖
    MASSON & GLENNIE resigned
    corporate-nominee-secretary
  21. 1999-02-22
    🏢
    Company incorporated
    As A R D PROPERTIES LIMITED
  22. 1999-02-22
    ➕
    DUTHIE, Alexander appointed
    director
  23. 1999-02-22
    ➕
    DUTHIE, Richard Sneddon appointed
    director
  24. 1999-02-22
    ➕
    MASSON & GLENNIE appointed
    corporate-nominee-secretary
  25. 1999-02-22
    ➕
    MILTON, Bruce appointed
    director
  26. 1999-02-22
    ➖
    MILTON, Bruce resigned
    director

Owner dependency

84/100
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 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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.)

Group structure

Ard Properties (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ard Properties (Holdings) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
A R D PROPERTIES LIMITED
This company · SC193678

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ard Properties (Holdings) Limited
Corporate entity
75–100%
—75-100% shares05/05/2021
1 historic (ceased) PSC
  • Alexander Duthie & Sons Limitedceased 05/05/2021· 75-100% shares

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
Incorporated1999-02-22
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

2 St Andrew Street
Peterhead
Aberdeenshire
AB42 1DS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (3 active · 2 resigned)

DUTHIE, Richard Sneddon→
secretary · appointed 2000-05-03
View their other companies + combined net worth →
Active
DUTHIE, Alexander→
director · ~62y · appointed 1999-02-22
View their other companies + combined net worth →
Active
DUTHIE, Richard Sneddon→
director · ~62y · appointed 1999-02-22
View their other companies + combined net worth →
Active
MASSON & GLENNIE→
corporate-nominee-secretary · appointed 1999-02-22 · resigned 2000-05-03
Resigned
MILTON, Bruce→
director · ~69y · appointed 1999-02-22 · resigned 1999-02-22
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property08/04/200605/10/2013

Recent filings (81 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-10
gazette-notice-compulsory
gazette · GAZ1
2022-05-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-04