ARMSTRONG PROPERTIES (SCOTLAND) LIMITED
🌳Matureactive
SC212143 · ltd · incorporated 2000-10-19
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
£1.50M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 83-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
9 live charges · 3 lenders · oldest 22.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
10 officers (6 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
104 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 £1,503,718
Cash draining
Cash down 83% YoY
Cash YoY
-83%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£65k
↓ 83% YoY
Net Worth
£1.5m
↑ 6.0% YoY
Current Assets
£827k
↓ 19% 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 | £1.66M | £1.59M |
| Current assets | £826.9k | £1.02M |
| Cash | £64.7k | £373.8k |
| Debtors | £111.2k | £95.5k |
| Net assets | £1.50M | £1.42M |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-smallaccounts · AA
- 2024-12-17📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-08🔓Charge satisfied #6
- 2023-12-19📄accounts-with-accounts-type-smallaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-smallaccounts · AA
- 2022-05-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-21📄accounts-with-accounts-type-smallaccounts · AA
- 2021-01-12📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-01-05📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-12-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-29➕THOMSON, Andrena appointedsecretary
- 2020-12-24➖WINTER, Brian resignedsecretary
- 2020-12-24➖WINTER, Brian resigneddirector
- 2020-06-09📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-26📄change-person-director-company-with-change-dateofficers · CH01
- 2020-01-06📄accounts-with-accounts-type-smallaccounts · AA
- 2019-06-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-06-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-06-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-06-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-06-13🔓Charge satisfied #5
- 2018-06-13🔓Charge satisfied #4
- 2018-06-13🔓Charge satisfied #3
- 2018-05-24🔒Charge registered #9Lender: Aib Group (UK) PLC
- 2018-05-23🔒Charge registered #8Lender: Aib Group (UK) PLC
- 2018-05-23🔒Charge registered #7Lender: Aib Group (UK) PLC
- 2018-05-15🔒Charge registered #6Lender: Aib Group (UK) PLC
- 2013-02-21🔒Charge registered #5Lender: The Co-Operative Bank PLC
- 2013-02-21🔒Charge registered #4Lender: The Co-Operative Bank PLC
- 2013-02-18🔓Charge satisfied #2
- 2013-02-18🔓Charge satisfied #1
- 2013-02-07🔒Charge registered #3Lender: The Co-Operative Bank PLC
- 2007-08-10➕ARMSTRONG, John Andrew appointeddirector
- 2007-08-10➕ARMSTRONG, Joyce appointeddirector
- 2004-01-29🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2004-01-08🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-08-28➕WINTER, Brian appointeddirector
- 2000-10-19🏢Company incorporatedAs ARMSTRONG PROPERTIES (SCOTLAND) LIMITED
- 2000-10-19➕ARMSTRONG, Barbara Helen appointeddirector
- 2000-10-19➕ARMSTRONG, Janet Mary appointeddirector
- 2000-10-19➕ARMSTRONG, John Johnston appointeddirector
- 2000-10-19➕WINTER, Brian appointedsecretary
- 2000-10-19➕FIRST SCOTTISH SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2000-10-19➖FIRST SCOTTISH SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2000-10-19➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-nominee-director
- 2000-10-19➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Armstrong Group (Scotland) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Armstrong Group (Scotland) Limited
Corporate parent · holds 75-100% shares
⬇
ARMSTRONG PROPERTIES (SCOTLAND) LIMITED
This company · SC212143
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Armstrong Group (Scotland) Limited Corporate entity | 75–100% | — | 75-100% shares | 15/05/2018 |
4 historic (ceased) PSCs
- Ms Barbara Helen Armstrongceased 15/05/2018· 25-50% shares · 25-50% voting
- Ms Janet Mary Hunterceased 15/05/2018· 25-50% shares · 25-50% voting
- Mr John Johnston Armstrongceased 15/05/2018· 25-50% shares · 25-50% voting
- Mr John Andrew Armstrongceased 15/05/2018· significant influence
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 · DG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CASTLE MILK NOMINEES LIMITED→ SC212861 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| CATHERINEFIELD PROPERTIES LTD→ SC388898 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| CLUDEN PROPERTIES LTD→ SC663722 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CRAIGIEBROOK LTD→ SC666112 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| DUMFRIES AND GALLOWAY HOMES LIMITED→ SC304439 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DUMFRIES RENTALS LIMITED→ SC710719 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| EWM INVESTCO LIMITED→ SC465467 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| FLEET VALLEY PROPERTIES LTD→ SC695657 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| FLEETBANK HOUSE LTD→ 13867352 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| FORESTWAY INVESTMENTS LIMITED→ SC371183 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| GILNOCKIE BUSINESS PARK LIMITED→ SC555606 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| HARTER INVESTMENTS LTD→ SC461031 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2000-10-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Unit 2 Downs Way Industrial Estate
Heathhall
Dumfries
DG1 3RS
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28
Officers (6 active · 4 resigned)
Active
ARMSTRONG, Barbara Helen→
Activedirector · ~60y · appointed 2000-10-19
View their other companies + combined net worth →
ARMSTRONG, Janet Mary→
Activedirector · ~60y · appointed 2000-10-19
View their other companies + combined net worth →
ARMSTRONG, John Andrew→
Activedirector · ~82y · appointed 2007-08-10
View their other companies + combined net worth →
ARMSTRONG, John Johnston→
Activedirector · ~56y · appointed 2000-10-19
View their other companies + combined net worth →
ARMSTRONG, Joyce→
Activedirector · ~83y · appointed 2007-08-10
View their other companies + combined net worth →
WINTER, Brian→
Resignedsecretary · appointed 2000-10-19 · resigned 2020-12-24
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-10-19 · resigned 2000-10-19
WINTER, Brian→
Resigneddirector · ~69y · appointed 2003-08-28 · resigned 2020-12-24
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2000-10-19 · resigned 2000-10-19
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
3
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 24/05/2018 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 23/05/2018 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 23/05/2018 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | — | 15/05/2018 | 08/07/2024 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 21/02/2013 | 13/06/2018 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Standard security | 1 property | 21/02/2013 | 13/06/2018 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Floating charge | 1 property | 07/02/2013 | 13/06/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 29/01/2004 | 18/02/2013 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 08/01/2004 | 18/02/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (104 total)
accounts-with-accounts-type-small
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-small
accounts · AA
2024-12-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13
accounts-with-accounts-type-small
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-29
accounts-with-accounts-type-small
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-27
accounts-with-accounts-type-small
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-28
appoint-person-secretary-company-with-name-date
officers · AP03
2021-01-12
accounts-with-accounts-type-small
accounts · AA
2021-01-05
termination-secretary-company-with-name-termination-date
officers · TM02
2020-12-30