CIB DEVELOPMENTS LIMITED

💤Zombieactive
SC270493 · ltd · incorporated 2004-07-09
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 Jun 2025
Net worth
£133.8k
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 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). 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

2 live charges · oldest 15.6y

45/100
under pressure

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

  • · Oldest live charge is 15.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
59 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
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 · FRS 105 (micro)
Positive net assets
Net assets £133,816
Net assets shrinking
Down £2,435 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£134k
↓ 1.8% YoY
Current Assets
£8k
↑ 16% YoY
Current Liabilities
—
£0£27k£55k£82k£109k£136kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£133.8k£136.3k
Current assets£7.6k£6.5k
Net assets£133.8k£136.3k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-07
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  3. 2025-06-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-03-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-03-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-02-22
    ➖
    MACDONALD, Calum resigned
    secretary
  7. 2025-02-22
    ➖
    MACDONALD, Calum resigned
    director
  8. 2024-06-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-06-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-03-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-06-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2018-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2018-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2010-12-06
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  21. 2010-09-02
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  22. 2010-07-07
    ➖
    MACMILLAN, Murdo resigned
    director
  23. 2004-07-09
    🏢
    Company incorporated
    As CIB DEVELOPMENTS LIMITED
  24. 2004-07-09
    ➕
    MACASKILL, Allan George appointed
    director
  25. 2004-07-09
    ➕
    MACDONALD, Calum appointed
    secretary
  26. 2004-07-09
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  27. 2004-07-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2004-07-09
    ➕
    MACDONALD, Calum appointed
    director
  29. 2004-07-09
    ➕
    MACMILLAN, Murdo appointed
    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 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — 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 70 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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
NameSharesVoting rightsNature of controlNotified
Mrs Margaret Macdonald
Individual · British · DOB 11/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting15/05/2024
Mr Allan George Macaskill
Individual · British · DOB 12/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Calum Macdonaldceased 15/05/2024· 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 →

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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
Incorporated2004-07-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

63 Kenneth Street
Stornoway
Isle Of Lewis
HS1 2DS

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (1 active · 4 resigned)

MACASKILL, Allan George→
director · ~70y · appointed 2004-07-09
View their other companies + combined net worth →
Active
MACDONALD, Calum→
secretary · appointed 2004-07-09 · resigned 2025-02-22
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-07-09 · resigned 2004-07-09
Resigned
MACDONALD, Calum→
director · ~62y · appointed 2004-07-09 · resigned 2025-02-22
Resigned
MACMILLAN, Murdo→
director · ~74y · appointed 2004-07-09 · resigned 2010-07-07
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property06/12/2010—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property02/09/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-12
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-19
termination-director-company-with-name-termination-date
officers · TM01
2025-03-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16