DEVERON DIRECT LIMITED
🌳Matureactive
SC510203 · ltd · incorporated 2015-07-06
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£598.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 46341
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 2.2y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.2 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
27 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
75
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 · accounting standard not declaredPositive net assets
Net assets £598,002
Cash YoY
+16%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£146k
↑ 16% YoY
Net Worth
£598k
↑ 19% YoY
Current Assets
£605k
↑ 17% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.19M | £643.8k |
| Current assets | £605.5k | £517.6k |
| Cash | £145.6k | £125.8k |
| Debtors | £181.5k | £192.4k |
| Net assets | £598.0k | £502.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-04🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2024-02-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-20🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-16📄change-person-director-company-with-change-dateofficers · CH01
- 2020-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-06-09📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2015-07-06🏢Company incorporatedAs DEVERON DIRECT LIMITED
- 2015-07-06➕CHEYNE, Desmond Victor James appointeddirector
- 2015-07-06➕WEST, Kenneth Milne appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Desmond Victor James Cheyne Individual · British · DOB 01/1974 · age 52 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mr Kenneth Milne West Individual · British · DOB 12/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% 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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| AOSS LIMITED→ SC555542 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| FERGUSON LOGISTICS MANAGEMENT LIMITED→ SC582777 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| FIDELIS SCOTLAND LIMITED→ SC375372 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| FIFTEEN93 LIMITED→ SC778197 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FORKS CORKS LTD→ SC864660 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| G & J JACK SEAFOODS LIMITED→ SC111952 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| GAULD'S FRUIT & VEG LTD.→ SC236213 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| GEORGE DONALD (WAREHOUSEMAN) LIMITED→ SC031200 · est 1955 · no financials extracted | — | — | — | — | 70y | — | — |
| GRANITE CITY WHISKEYS LTD→ SC661099 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GROSVENOR(GB) LTD→ SC522441 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HALCYON SPIRITS LTD→ SC660078 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| HAWK ENVIRO LIMITED→ SC242438 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
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
Incorporated2015-07-06
Jurisdictionscotland
Primary SIC46341 — SIC 46341
Registered office
Station Brae
Macduff
Aberdeenshire
AB44 1UL
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-18
Last: 2025-07-04
Officers (2 active · 0 resigned)
CHEYNE, Desmond Victor James→
Activedirector · ~52y · appointed 2015-07-06
View their other companies + combined net worth →
WEST, Kenneth Milne→
Activedirector · ~61y · appointed 2015-07-06
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 2 properties | 04/10/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 20/02/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (27 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-06
change-person-director-company-with-change-date
officers · CH01
2020-03-16