AIGAS CONSTRUCTION LIMITED

🌳Matureactive

SC322325 · ltd · incorporated 2007-04-26

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 18.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£598.3k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 18.9y

65/100

clean up first

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

· Oldest live charge is 18.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

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 £598,274

Net assets shrinking

Down £11,970 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£598k

↓ 2.0% YoY

Current Assets

£33k

↓ 80% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£598.3k	£610.2k
Current assets	£32.9k	£160.7k
Net assets	£598.3k	£610.2k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2026-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-01-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-09-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-06-06
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2007-04-26
🏢
Company incorporated
As AIGAS CONSTRUCTION LIMITED
2007-04-26
➕
MEARNS, Morven appointed
secretary
2007-04-26
➕
MEARNS, Christopher appointed
director
2007-04-26
➕
MEARNS, Morven appointed
director
2007-04-26
➕
BRIAN REID LTD. appointed
corporate-secretary
2007-04-26
➖
BRIAN REID LTD. resigned
corporate-secretary
2007-04-26
➕
STEPHEN MABBOTT LTD. appointed
corporate-director
2007-04-26
➖
STEPHEN MABBOTT LTD. resigned
corporate-director

Owner dependency

76/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 19 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Christopher Raymond Mearns Individual · British · DOB 04/1974 · age 52	75–100%	—	75-100% shares	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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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.

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Company details

Statusactive

Typeltd

Incorporated2007-04-26

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

Boatfield

Easter Eskadale

Kiltarlity

IV4 7JR

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-05-10

Last: 2025-04-26

Officers (3 active · 2 resigned)

MEARNS, Morven→

secretary · appointed 2007-04-26

View their other companies + combined net worth →

Active

MEARNS, Christopher→

director · ~52y · appointed 2007-04-26

View their other companies + combined net worth →

Active

MEARNS, Morven→

director · ~57y · appointed 2007-04-26

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-secretary · appointed 2007-04-26 · resigned 2007-04-26

Resigned

STEPHEN MABBOTT LTD.→

corporate-director · appointed 2007-04-26 · resigned 2007-04-26

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	06/06/2007	—

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