UNIONGLEN DEVELOPMENT COMPANY LIMITED
- · Oldest live charge 24.9y old — refinance window within 12 months
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · oldest 24.9y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 24.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (34 events)Click to expand
- 2010-03-12📄gazette-dissolved-compulsorygazette · GAZ2
- 2010-03-12🏁Company dissolved
- 2009-11-20📄gazette-notice-compulsorygazette · GAZ1
- 2008-05-27📄legacyannual-return · 363a
- 2008-05-09📄legacyofficers · 288c
- 2008-01-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-10-16📄accounts-with-made-up-dateaccounts · AA
- 2007-05-29📄legacyannual-return · 363a
- 2007-03-09📄accounts-with-made-up-dateaccounts · AA
- 2006-07-07📄legacyannual-return · 363a
- 2005-06-21📄legacyannual-return · 363s
- 2005-06-09📄memorandum-articlesincorporation · MA
- 2005-06-09📄resolutionresolution · RESOLUTIONS
- 2005-06-09📄resolutionresolution · RESOLUTIONS
- 2005-01-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-09-23📄resolutionresolution · RESOLUTIONS
- 2004-08-31📄accounts-with-accounts-type-smallaccounts · AA
- 2004-05-27📄legacyannual-return · 363s
- 2004-05-13📄legacyaccounts · 225
- 2003-10-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-05-29📄legacyannual-return · 363a
- 2002-05-30📄legacyannual-return · 363a
- 2001-10-02📄legacymortgage · 410(Scot)
- 2001-09-29📄accounts-with-made-up-dateaccounts · AA
- 2001-09-19🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2001-06-12🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2000-07-18➕KINGHORN, Roderick Mackie appointeddirector
- 2000-07-18➕LITTLE (SENIOR), James Ekron appointeddirector
- 2000-07-18➖PETERKINS SERVICES LIMITED resignedcorporate-nominee-director
- 2000-05-26🏢Company incorporatedAs UNIONGLEN DEVELOPMENT COMPANY LIMITED
- 2000-05-26➕PETERKINS, SOLICITORS appointedcorporate-nominee-secretary
- 2000-05-26➕PETERKINS SERVICES LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 86 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 86 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 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 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-03-12
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 1 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 19/09/2001 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 12/06/2001 | — |