CITY PROPERTIES (DUNDEE) LIMITED

🌳Matureactive
SC279074 · ltd · incorporated 2005-01-29
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 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
Investor take
Pursue
Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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

7 live charges · 3 lenders · oldest 21.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees3300

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
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-02-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-02-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-02-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-06-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-06-08
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2021-06-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-06-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-06-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-06-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2021-06-03
    ➕
    BARUFFATI, Mark John appointed
    director
  18. 2020-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-01-31
    🔓
    Charge satisfied #5
  21. 2019-01-31
    🔓
    Charge satisfied #4
  22. 2019-01-24
    🔒
    Charge registered #5
    Lender: Handelsbanken PLC
  23. 2019-01-24
    🔒
    Charge registered #4
    Lender: Handelsbanken PLC
  24. 2019-01-23
    🔒
    Charge registered #7
    Lender: Handelsbanken PLC
  25. 2019-01-23
    🔒
    Charge registered #6
    Lender: Handelsbanken PLC
  26. 2019-01-16
    🔓
    Charge satisfied #2
  27. 2019-01-16
    🔓
    Charge satisfied #1
  28. 2018-10-10
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  29. 2014-09-26
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  30. 2005-04-06
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  31. 2005-03-21
    ➕
    BARUFFATI, John Aloysius appointed
    secretary
  32. 2005-03-21
    ➕
    BARUFFATI, John Aloysius appointed
    director
  33. 2005-03-21
    ➕
    BARUFFATI, Pauline Frances appointed
    director
  34. 2005-03-21
    ➖
    BLACKADDERS resigned
    corporate-nominee-secretary
  35. 2005-03-21
    ➖
    CLARK, Campbell John Scott resigned
    nominee-director
  36. 2005-01-29
    🏢
    Company incorporated
    As CITY PROPERTIES (DUNDEE) LIMITED
  37. 2005-01-29
    ➕
    BLACKADDERS appointed
    corporate-nominee-secretary
  38. 2005-01-29
    ➕
    CLARK, Campbell John Scott appointed
    nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 21 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

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — BARUFFATI, Mark John (same surname) appointed 2021-06-03. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Pauline Frances Baruffati
Individual · British · DOB 04/1959 · age 67
25–50%
—25-50% shares06/04/2016
Mr John Aloysius Baruffati
Individual · British · DOB 07/1949 · age 77
25–50%
—25-50% shares06/04/2016

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

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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
Incorporated2005-01-29
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Bird Simpson 144 Nethergate,
Dundee
Angus
DD1 4EB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (4 active · 2 resigned)

BARUFFATI, John Aloysius→
secretary · appointed 2005-03-21
View their other companies + combined net worth →
Active
BARUFFATI, John Aloysius→
director · ~77y · appointed 2005-03-21
View their other companies + combined net worth →
Active
BARUFFATI, Mark John→
director · ~38y · appointed 2021-06-03
View their other companies + combined net worth →
Active
BARUFFATI, Pauline Frances→
director · ~67y · appointed 2005-03-21
View their other companies + combined net worth →
Active
BLACKADDERS→
corporate-nominee-secretary · appointed 2005-01-29 · resigned 2005-03-21
Resigned
CLARK, Campbell John Scott→
nominee-director · ~55y · appointed 2005-01-29 · resigned 2005-03-21
Resigned

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

Mortgages & charges

7
Total charges
3
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Handelsbanken
Handelsbanken PLC
A registered charge1 property24/01/201931/01/2019
satisfied
Handelsbanken
Handelsbanken PLC
A registered charge1 property24/01/201931/01/2019
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property23/01/2019—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property23/01/2019—
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge—10/10/2018—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property26/09/201416/01/2019
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/04/200516/01/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-11
change-person-director-company-with-change-date
officers · CH01
2026-02-11
change-person-director-company-with-change-date
officers · CH01
2026-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-13
change-person-director-company-with-change-date
officers · CH01
2021-06-15