CRUACHAN FLATS LIMITED

🌳Matureactive

SC242899 · ltd · incorporated 2003-01-27

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£148.1k

book net assets

Opportunity

82/100

Exceptional

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What this business does

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

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 77). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.0y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.0 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £148,080

Net assets shrinking

Down £1,318 YoY

Cash YoY

-1%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£29k

~ YoY

Net Worth

£148k

~ YoY

Current Assets

£29k

~ 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	£153.7k	£155.0k
Current assets	£29.2k	£29.4k
Cash	£29.1k	£29.4k
Debtors	£110	£94
Net assets	£148.1k	£149.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-07-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-03
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-29
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-02-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-02-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2005-03-21
🔓
Charge satisfied #1
2004-12-06
🔒
Charge registered #3
Lender: Skipton Building Society
2003-10-13
🔒
Charge registered #2
Lender: Skipton Building Society
2003-04-08
🔒
Charge registered #1
Lender: Dunfermline Building Society
2003-01-27
🏢
Company incorporated
As CRUACHAN FLATS LIMITED
2003-01-27
➕
GELL, Kathleen appointed
secretary
2003-01-27
➕
GELL, John Richard appointed
director
2003-01-27
➕
GELL, Kathleen appointed
director
2003-01-27
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-01-27
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-01-27
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-01-27
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

91/100

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 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 77 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 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr John Richard Gell Individual · British · DOB 10/1949 · age 77	25–50%	—	25-50% shares · firm interest	06/04/2016
Mrs Kathleen Gell Individual · British · DOB 07/1952 · age 74	25–50%	—	25-50% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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C & P PROPERTY LETS LTD→ SC835663 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CCL REAL ESTATE LIMITED→ SC777122 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
COILTIE LETTINGS LTD→ SC883365 · est 2026 · no financials extracted	—	—	—	—	—	—	—
CULLODEN BUILDERS LIMITED→ SC080236 · est 1982 · no financials extracted	—	—	—	—	43y	—	—
DAWN HOMES (RESIDENTIAL) LIMITED→ SC545431 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
DELLICUTS LIMITED→ SC408554 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
DOWNIE PROPERTIES LIMITED→ SC136377 · est 1992 · no financials extracted	—	—	—	—	34y	—	—
DRUMSMITTAL PROPERTIES LIMITED→ SC145579 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
DUDDINGSTON HOUSE PROPERTIES LIMITED→ SC164841 · est 1996 · no financials extracted	—	—	—	—	30y	—	—
DUNDONNELL ESTATES LTD.→ SC184418 · est 1998 · no financials extracted	—	—	—	—	28y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2003-01-27

Jurisdictionscotland

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

Registered office

13 Lovat Road

Inverness

IV2 3NT

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-10

Last: 2026-01-27

Officers (3 active · 2 resigned)

GELL, Kathleen→

secretary · appointed 2003-01-27

View their other companies + combined net worth →

Active

GELL, John Richard→

director · ~77y · appointed 2003-01-27

View their other companies + combined net worth →

Active

GELL, Kathleen→

director · ~74y · appointed 2003-01-27

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-01-27 · resigned 2003-01-27

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-01-27 · resigned 2003-01-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Skipton Building Society	Standard security	1 property	06/12/2004	—
outstanding	Skipton Building Society	Standard security	1 property	13/10/2003	—
satisfied	Dunfermline Building Society	Standard security	1 property	08/04/2003	21/03/2005

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