HART ESTATES (FORTHQUARTER) LIMITED
🌳Matureactive
SC305524 · ltd · incorporated 2006-07-17
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
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (60/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 19.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 19.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 6 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 (51 events)Click to expand
- 2026-01-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-01-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-10-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-09-26📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-20🔓Charge satisfied #5
- 2023-06-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-15🔓Charge satisfied #6
- 2022-10-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-02-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-12-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-29📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-29📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-29📄accounts-with-accounts-type-fullaccounts · AA
- 2020-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2019-04-12➕HAGGERTY, Euan James Edward appointeddirector
- 2019-04-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-02-18📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-02-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-02-13➕DIMOND, Paula appointedsecretary
- 2019-02-13➖MURRAY, William Stuart resignedsecretary
- 2014-04-01➖FAIRCLOUGH, Stuart Thomas resignedsecretary
- 2014-04-01➕MURRAY, William Stuart appointedsecretary
- 2012-05-02🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2012-01-06🔓Charge satisfied #4
- 2012-01-06🔓Charge satisfied #1
- 2011-12-16➖HEWITT, Alistair James Neil resigneddirector
- 2011-05-25➖HEPBURN, Alastair John Harley resigneddirector
- 2011-05-25➕HEWITT, Alistair James Neil appointeddirector
- 2010-04-16🔒Charge registered #5Lender: Hillcrest Housing Association Limited
- 2010-02-17🔓Charge satisfied #3
- 2010-02-17🔓Charge satisfied #2
- 2007-11-23➖GATELEY, Donald Kenneth resigneddirector
- 2007-11-23➕HEPBURN, Alastair John Harley appointeddirector
- 2006-10-17🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2006-10-17🔒Charge registered #3Lender: Port Greenwich Limited
- 2006-10-17🔒Charge registered #2Lender: Port Greenwich Limited
- 2006-09-28🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2006-08-23➕REID, Kevin David appointeddirector
- 2006-08-23➕SIMPSON, Steven George appointeddirector
- 2006-08-23➕FAIRCLOUGH, Stuart Thomas appointedsecretary
- 2006-08-23➖MACLAY MURRAY & SPENS LLP resignedcorporate-nominee-secretary
- 2006-08-23➕GATELEY, Donald Kenneth appointeddirector
- 2006-08-23➖VINDEX LIMITED resignedcorporate-nominee-director
- 2006-08-23➖VINDEX SERVICES LIMITED resignedcorporate-nominee-director
- 2006-07-17🏢Company incorporatedAs HART ESTATES (FORTHQUARTER) LIMITED
- 2006-07-17➕MACLAY MURRAY & SPENS LLP appointedcorporate-nominee-secretary
- 2006-07-17➕VINDEX LIMITED appointedcorporate-nominee-director
Showing most recent 50 of 51 events
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
Cruden Homes Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Cruden Homes Limited
Corporate parent · holds 75-100% shares · board control
⬇
HART ESTATES (FORTHQUARTER) LIMITED
This company · SC305524
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 |
|---|---|---|---|---|
Cruden Homes Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
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|---|---|---|---|---|---|---|---|
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2006-07-17
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings
Registered office
16 Walker Street
Edinburgh
EH3 7LP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17
Officers (4 active · 8 resigned)
Active
HAGGERTY, Euan James Edward→
Activedirector · ~49y · appointed 2019-04-12
View their other companies + combined net worth →
REID, Kevin David→
Activedirector · ~59y · appointed 2006-08-23
View their other companies + combined net worth →
SIMPSON, Steven George→
Activedirector · ~59y · appointed 2006-08-23
View their other companies + combined net worth →
FAIRCLOUGH, Stuart Thomas→
Resignedsecretary · appointed 2006-08-23 · resigned 2014-04-01
MURRAY, William Stuart→
Resignedsecretary · appointed 2014-04-01 · resigned 2019-02-13
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-nominee-secretary · appointed 2006-07-17 · resigned 2006-08-23
GATELEY, Donald Kenneth→
Resigneddirector · ~75y · appointed 2006-08-23 · resigned 2007-11-23
HEPBURN, Alastair John Harley→
Resigneddirector · ~57y · appointed 2007-11-23 · resigned 2011-05-25
HEWITT, Alistair James Neil→
Resigneddirector · ~54y · appointed 2011-05-25 · resigned 2011-12-16
VINDEX LIMITED→
Resignedcorporate-nominee-director · appointed 2006-07-17 · resigned 2006-08-23
VINDEX SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2006-07-17 · resigned 2006-08-23
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 02/05/2012 | 15/06/2023 | |
| satisfied | Hillcrest Housing Association Hillcrest Housing Association Limited | Standard security | 1 property | 16/04/2010 | 20/06/2023 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 17/10/2006 | 06/01/2012 | |
| satisfied | Port Greenwich Port Greenwich Limited | Standard security | 1 property | 17/10/2006 | 17/02/2010 | |
| satisfied | Port Greenwich Port Greenwich Limited | Standard security | 1 property | 17/10/2006 | 17/02/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 28/09/2006 | 06/01/2012 |
Recent filings (92 total)
accounts-with-accounts-type-dormant
accounts · AA
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-29
accounts-with-accounts-type-dormant
accounts · AA
2025-01-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-10-01
change-person-director-company-with-change-date
officers · CH01
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
accounts-with-accounts-type-dormant
accounts · AA
2023-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-15
accounts-with-accounts-type-dormant
accounts · AA
2022-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-02-02
accounts-with-accounts-type-dormant
accounts · AA
2021-12-20
change-person-director-company-with-change-date
officers · CH01
2021-11-29