ARDVRECK DEVELOPMENTS LIMITED
💤Zombieactive
SC544478 · ltd · incorporated 2016-09-02
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 9.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 1 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
1
filing
- • 1 accounts
Last 180 days
3
filings
- • 2 persons-with-significant-control
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-01-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-18➖MORRISON, David Donald Corbett resigneddirector
- 2025-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-10➕MORRISON, Donald George appointeddirector
- 2024-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-25➖MORRISON, Donald George resigneddirector
- 2024-04-25➖MORRISON, James Ross resigneddirector
- 2023-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-31🔓Charge satisfied #2
- 2022-03-31🔓Charge satisfied #1
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-01-14📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-24🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2017-01-30🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2016-09-02🏢Company incorporatedAs ARDVRECK DEVELOPMENTS LIMITED
- 2016-09-02➕MORRISON, David Donald Corbett appointeddirector
- 2016-09-02➕MORRISON, Donald George appointeddirector
- 2016-09-02➕MORRISON, James Ross appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Donald George Morrison Individual · Scottish · DOB 12/1971 · age 55 | — | — | sig. influencesignificant influence | 14/01/2026 |
1 historic (ceased) PSC
- Mr Donald George Morrisonceased 13/01/2026· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KILMAC LTD→ SC458759 · est 2013 | £6.45M £4.61M–£8.30M | — | — | 16000 | 12y | 84 | 58y |
| GUILD HOMES (TAYSIDE) LTD.→ SC170248 · est 1996 | £2.17M £1.55M–£2.79M | — | — | 34 | 29y | 84 | 63y |
| D J LAING (CONTRACTS) LIMITED→ SC087805 · est 1984 | £1.52M £1.08M–£1.95M | — | — | 57 | 42y | 87 | 79y |
| ROCKNOWE INTERIORS LIMITED→ SC489276 · est 2014 | £634.1k £452.9k–£815.3k | — | — | 1100 | 11y | 85 | 75y |
| ANGUS DECORATING COMPANY LIMITED→ SC056282 · est 1974 | £605.6k £432.6k–£778.6k | — | — | 6300 | 51y | 83 | 63y |
| FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017 | £34.1k £24.4k–£43.9k | — | — | 0 | 9y | 83 | 83y |
| DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993 | — | — | — | — | 32y | 83 | 65y |
| ISLAND LEISURE LIMITED→ SC119182 · est 1989 | — | — | — | 23 | 36y | 83 | 64y |
| JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970 | — | — | £1.45M | — | 55y | 83 | 60y |
| JAMES LAMMOND LIMITED→ SC258479 · est 2003 | — | — | — | 3800 | 22y | 83 | 62y |
| M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007 | — | — | — | 2300 | 18y | 83 | 63y |
| MARTIN ALAN CONSTRUCTION LIMITED→ SC227220 · est 2002 | — | — | — | 53 | 24y | 83 | 69y |
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
Incorporated2016-09-02
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
56 Torridon Road
Broughty Ferry
Dundee
DD5 3JH
Scotland
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (1 active · 3 resigned)
MORRISON, Donald George→
Activedirector · ~55y · appointed 2025-03-10
View their other companies + combined net worth →
MORRISON, David Donald Corbett→
Resigneddirector · ~82y · appointed 2016-09-02 · resigned 2025-04-18
MORRISON, Donald George→
Resigneddirector · ~55y · appointed 2016-09-02 · resigned 2024-04-25
MORRISON, James Ross→
Resigneddirector · ~60y · appointed 2016-09-02 · resigned 2024-04-25
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 2 properties | 24/02/2017 | 31/03/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 30/01/2017 | 31/03/2022 |
Recent filings (32 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
termination-director-company-with-name-termination-date
officers · TM01
2025-04-18
appoint-person-director-company-with-name-date
officers · AP01
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
termination-director-company-with-name-termination-date
officers · TM01
2024-05-03
termination-director-company-with-name-termination-date
officers · TM01
2024-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-08