AISLING DEVELOPMENTS LIMITED

💤Zombieactive

SC207481 · ltd · incorporated 2000-05-25

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

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

Sector: Real estate

ALSO REGISTERED FOR

68320Management of real estate on a fee or contract basis

Investor take

Pursue

Property-backed borrower with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 23.4y

30/100

under pressure

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

· Oldest live charge is 23.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

6 officers (1 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

7 connected companies via shared directors

Filing history

82 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-05-31	2024-05-31
Average employees	0	0

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-06-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-02-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-02-28
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-08
➖
MILLER, John resigned
secretary
2018-06-08
➖
MILLER, John resigned
director
2018-03-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-25
📄
change-person-director-company-with-change-date
officers · CH01
2017-03-03
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2005-05-13
🔓
Charge satisfied #2
2005-04-26
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Scotland
2005-04-26
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2004-07-27
🔓
Charge satisfied #1
2004-06-21
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2002-12-04
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2002-10-31
➕
MILLER, John appointed
secretary
2002-10-31
➖
LEDINGHAM CHALMERS resigned
corporate-nominee-secretary
2001-04-01
➖
WILSON, Peter Ritchie resigned
director
2000-07-07
➕
CORBETT, John appointed
director
2000-07-07
➕
MILLER, John appointed
director
2000-07-07
➕
WILSON, Peter Ritchie appointed
director
2000-07-07
➖
DURANO LIMITED resigned
corporate-nominee-director
2000-05-25
🏢
Company incorporated
As AISLING DEVELOPMENTS LIMITED
2000-05-25
➕
LEDINGHAM CHALMERS appointed
corporate-nominee-secretary
2000-05-25
➕
DURANO LIMITED appointed
corporate-nominee-director

Owner dependency

100/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

100/100

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 72 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 26 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.

Group structure

Executry Of The Late John Miller holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Executry Of The Late John Miller

Corporate parent · holds 25-50% shares

significant stake

⬇

AISLING DEVELOPMENTS LIMITED

This company · SC207481

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Executry Of The Late John Miller Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	08/06/2018
Mr John Corbett Individual · Irish · DOB 08/1954 · age 72	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Mr John Millerceased 08/06/2018· 25-50% shares · 25-50% voting

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 · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
1LET LIMITED→ SC317107 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
1ST CONNECT HOMES LTD→ SC842552 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
1ST FOCUS LETTING LIMITED→ SC667911 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
1ZE ESTATE LTD→ SC788004 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
20 CABOT SQUARE I UNIT TRUST GP LIMITED→ SC312228 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
20 CABOT SQUARE II UNIT TRUST LP LIMITED→ SC312229 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
34 MELVILLE STREET LIMITED→ SC714514 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
39 HANOVER LIMITED→ SC552449 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
6M PROPERTIES LIMITED→ SC842080 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
A2Z (EDINBURGH) LTD→ SC740640 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
A701 LETTINGS LTD→ SC844164 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AA ALMOND BRIDGE PROPERTIES LIMITED→ SC701109 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2000-05-25

Jurisdictionscotland

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

Registered office

22 Stafford Street

Edinburgh

EH3 7BD

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-08

Last: 2025-05-25

Officers (1 active · 5 resigned)

CORBETT, John→

director · ~72y · appointed 2000-07-07

View their other companies + combined net worth →

Active

MILLER, John→

secretary · appointed 2002-10-31 · resigned 2018-06-08

Resigned

LEDINGHAM CHALMERS→

corporate-nominee-secretary · appointed 2000-05-25 · resigned 2002-10-31

Resigned

MILLER, John→

director · ~74y · appointed 2000-07-07 · resigned 2018-06-08

Resigned

WILSON, Peter Ritchie→

director · ~72y · appointed 2000-07-07 · resigned 2001-04-01

Resigned

DURANO LIMITED→

corporate-nominee-director · appointed 2000-05-25 · resigned 2000-07-07

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Cash deposit pledge	1 property	26/04/2005	—
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	1 property	26/04/2005	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	21/06/2004	13/05/2005
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	04/12/2002	27/07/2004

Click column headers to sort. Use filters above to narrow by status and lender.