BTS PITKERRO LTD
🌳Matureactive
SC393174 · ltd · incorporated 2011-02-09
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 14.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£204.1k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 71-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 14.1y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 14.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
65 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
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £204,110
Net assets shrinking
Down £28,824 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£204k
↓ 12% YoY
Current Assets
£86k
↓ 63% 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 | £2.51M | £2.75M |
| Current assets | £86.2k | £234.4k |
| Net assets | £204.1k | £232.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Last 180 days
6
filings
- • 4 persons-with-significant-control
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-01-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-17🔓Charge satisfied #3
- 2023-03-17🔓Charge satisfied #2
- 2023-03-17🔓Charge satisfied #1
- 2022-12-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-17➖LAWRIE, Douglas Gibb resigneddirector
- 2018-11-17➖WOOD, Jason Alan resigneddirector
- 2018-11-16➕HARDING, Jennifer Ann appointeddirector
- 2012-06-19🔒Charge registered #3Lender: Lloyds Tsb Commercial Finance Limited
- 2012-04-04🔒Charge registered #2Lender: Lloyds Tsb Commercial Finance Limited
- 2012-03-26🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2012-03-09➕LAWRIE, Douglas Gibb appointeddirector
- 2012-03-09➕WOOD, Jason Alan appointeddirector
- 2012-02-23➕HARDING, Ian appointeddirector
- 2012-02-23➖RENNIE, Thomas George resigneddirector
- 2011-03-15➖PETERKINS SERVICES LIMITED resignedcorporate-secretary
- 2011-02-09🏢Company incorporatedAs BTS PITKERRO LTD
- 2011-02-09➕PETERKINS SERVICES LIMITED appointedcorporate-secretary
- 2011-02-09➕RENNIE, Thomas George appointeddirector
Owner dependency
81/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 15 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.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Nicola Louise Marshall Individual · British · DOB 07/1989 · age 37 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/03/2023 |
Ms Joanna Claire Harding Individual · British · DOB 06/1991 · age 35 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/03/2023 |
3 historic (ceased) PSCs
- Mrs Jennifer Ann Hardingceased 01/03/2023· 50-75% shares
- Mr Ian Hardingceased 01/03/2023· 25-50% shares · 25-50% voting
- Mrs Jennifer Ann Hardingceased 16/11/2018· significant influence
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 →Similar companies
Active · Property · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & S RETAIL INVESTMENTS LTD→ SC558411 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| A S DUNDEE PROPERTIES LTD→ SC860380 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AMKE PROPERTY LTD→ SC630777 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANGUS GLEN PROPERTIES LTD→ SC611076 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANREALESTATE LTD→ SC757991 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANRG DUNDEE LIMITED→ SC555759 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ARBROATH CHIPPY LTD→ SC817175 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASPEN JOINERS PROPERTY LTD→ SC837886 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AYMAAR LTD→ SC756566 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| B & KM INVESTMENTS LIMITED→ SC825580 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BALSTORE PROPERTIES LIMITED→ SC687808 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BARAS INVESTMENTS LTD→ SC411354 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2011-02-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Fowler Rd
West Pitkerro Ind Estate
Dundee
DD5 3YN
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-16
Last: 2026-02-02
Officers (2 active · 4 resigned)
HARDING, Ian→
Activedirector · ~71y · appointed 2012-02-23
View their other companies + combined net worth →
HARDING, Jennifer Ann→
Activedirector · ~70y · appointed 2018-11-16
View their other companies + combined net worth →
PETERKINS SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2011-02-09 · resigned 2011-03-15
LAWRIE, Douglas Gibb→
Resigneddirector · ~60y · appointed 2012-03-09 · resigned 2018-11-17
RENNIE, Thomas George→
Resigneddirector · ~79y · appointed 2011-02-09 · resigned 2012-02-23
WOOD, Jason Alan→
Resigneddirector · ~51y · appointed 2012-03-09 · resigned 2018-11-17
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Standard security | 1 property | 19/06/2012 | 17/03/2023 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Standard security | 1 property | 04/04/2012 | 17/03/2023 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Bond & floating charge | 1 property | 26/03/2012 | 17/03/2023 |
Recent filings (65 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-28