GEG CAPITAL (NORTH) LTD

🌳Matureactive

SC520037 · ltd · incorporated 2015-11-11

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 6.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

72/100

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

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 6.6y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 6.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (61/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

10 officers (5 active, 10 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

29 connected companies via shared directors

Filing history

83 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 6 capital
• 5 resolution
• 2 insolvency

Last 90 days

filings

• 6 capital
• 5 resolution
• 2 insolvency

Last 180 days

filings

• 6 capital
• 5 resolution
• 2 insolvency

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2026-04-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-04-10
🔓
Charge satisfied #3
2026-04-08
📄
resolution
resolution · RESOLUTIONS
2026-03-30
📄
capital-allotment-shares
capital · SH01
2026-03-30
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-03-30
📄
legacy
capital · SH20
2026-03-30
⚠️
legacy
insolvency · CAP-SS
2026-03-30
📄
resolution
resolution · RESOLUTIONS
2026-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-26
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-03-26
📄
memorandum-articles
incorporation · MA
2026-03-26
📄
resolution
resolution · RESOLUTIONS
2026-03-26
📄
resolution
resolution · RESOLUTIONS
2026-03-26
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-03-26
⚠️
legacy
insolvency · CAP-SS
2026-03-26
📄
legacy
capital · SH20
2026-03-26
📄
resolution
resolution · RESOLUTIONS
2026-03-26
📄
capital-allotment-shares
capital · SH01
2026-01-13
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-13
📄
legacy
accounts · PARENT_ACC
2026-01-13
📄
legacy
other · GUARANTEE2
2026-01-13
📄
legacy
other · AGREEMENT2
2025-09-30
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-09-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-29
➕
FARMER, Gordon James appointed
secretary
2025-09-29
➕
FARMER, Gordon James appointed
director
2025-09-29
➕
MACKENZIE, Jia Kelly appointed
director
2025-09-29
➕
MACKENZIE, Rory Callum appointed
director
2025-09-29
➖
MACDONALD, James Donald resigned
secretary
2025-09-29
➖
MACDONALD, James Donald resigned
director
2022-01-14
🔒
Charge registered #3
Lender: Hsbc UK Bank PLC
2022-01-06
🔓
Charge satisfied #1
2021-12-22
🔒
Charge registered #2
Lender: Hsbc UK Bank PLC
2019-09-13
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2016-03-30
➕
MACGREGOR, Roderick James appointed
director
2016-03-30
➕
MACDONALD, James Donald appointed
secretary
2016-03-30
➖
STRONACHS SECRETARIES LIMITED resigned
corporate-secretary
2016-03-30
➖
FORBES, Neil David resigned
director
2016-03-30
➕
MACDONALD, James Donald appointed
director
2016-03-30
➖
RENNIE, David Alan resigned
director
2015-11-11
🏢
Company incorporated
As GEG CAPITAL (NORTH) LTD
2015-11-11
➕
STRONACHS SECRETARIES LIMITED appointed
corporate-secretary
2015-11-11
➕
FORBES, Neil David appointed
director
2015-11-11
➕
RENNIE, David Alan appointed
director

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high · 1 med ·

2 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-03-30: legacy; 2026-03-26: legacy

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MACDONALD, James Donald resigned 2025-09-29; MACDONALD, James Donald resigned 2025-09-29

Group structure

Geg Capital Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Geg Capital Investments Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

GEG CAPITAL (NORTH) LTD

This company · SC520037

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
Geg Capital Investments Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	25/03/2026

3 historic (ceased) PSCs

Geg Investment Holdings Ltdceased 25/03/2026· 50-75% shares · 50-75% voting · board control
Geg Capital Limitedceased 22/03/2024· 50-75% shares
Mr Roderick James Macgregorceased 17/04/2019· 50-75% shares · 50-75% voting · board control

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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BENRUADH DEVELOPMENTS LIMITED→ SC071088 · est 1980 · no financials extracted	—	—	—	—	46y	—	—
BG PROPERTIES (SCOTLAND) LIMITED→ SC565856 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
BRUMLEY BRAE LIMITED→ SC030114 · est 1954 · no financials extracted	—	—	—	—	71y	—	—
BUNCHREW ESTATE COMPANY LIMITED→ SC115393 · est 1988 · no financials extracted	—	—	—	—	37y	—	—
CALDER PROPERTY TRADING (SCOTLAND) LTD→ SC774728 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CAMERON HARRIS LTD.→ SC241344 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
CAMERON LOURO PROPERTIES LTD.→ SC580098 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
CCL REAL ESTATE LIMITED→ SC777122 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CCREM PROPERTIES LIMITED→ SC415972 · est 2012 · no financials extracted	—	—	—	—	14y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2015-11-11

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

13 Henderson Road

Inverness

IV1 1SN

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-24

Last: 2025-11-10