NORTH COAST PROPERTIES

🏛️Establishedactive
SC555507 · private-unlimited · incorporated 2017-01-24
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 8.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
  • 41202Construction of domestic buildings
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 8.4y

85/100
ready

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

  • · Oldest live charge is 8.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (58/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
5
filings
  • • 3 persons-with-significant-control
  • • 2 officers
Last 180 days
5
filings
  • • 3 persons-with-significant-control
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-04-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-04-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-04-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-04-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-04-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-10-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-08-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-08-26
    ➖
    SUTHERLAND, Charles resigned
    director
  9. 2022-04-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2022-04-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2018-10-22
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2018-01-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2017-12-22
    🔒
    Charge registered #1
    Lender: O.C.S. Group Limited
  14. 2017-01-24
    🏢
    Company incorporated
    As NORTH COAST PROPERTIES
  15. 2017-01-24
    ➕
    SUTHERLAND, Charles William appointed
    director
  16. 2017-01-24
    ➕
    SUTHERLAND, Isabella Macgregor appointed
    director
  17. 2017-01-24
    ➕
    SUTHERLAND, Charles appointed
    director
  18. 2017-01-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

81/100
Critical — business is the founder

The 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 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-06

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Isabella Macgregor Sutherland
Individual · British · DOB 03/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting29/06/2018
Charles William Sutherland
Individual · British · DOB 11/1954 · age 72
25–50%
25–50%25-50% shares · 25-50% voting24/01/2017
Charles Sutherland
Individual · Scottish · DOB 05/1988 · age 38
25–50%
25–50%25-50% shares · 25-50% voting24/01/2017

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 →
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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.

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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
Typeprivate-unlimited
Incorporated2017-01-24
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Sandside House
Reay
Thurso
Caithness
KW14 7RN

Filing status

Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: 2026-02-06OVERDUE
Last: 2025-01-23

Officers (2 active · 1 resigned)

SUTHERLAND, Charles William→
director · ~72y · appointed 2017-01-24
View their other companies + combined net worth →
Active
SUTHERLAND, Isabella Macgregor→
director · ~71y · appointed 2017-01-24
View their other companies + combined net worth →
Active
SUTHERLAND, Charles→
director · ~38y · appointed 2017-01-24 · resigned 2024-08-26
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
O.C.S. Group
O.C.S. Group Limited
A registered charge1 property22/12/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2026-04-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2025-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-03
termination-director-company-with-name-termination-date
officers · TM01
2024-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
gazette-filings-brought-up-to-date
gazette · DISS40
2022-04-13
gazette-notice-compulsory
gazette · GAZ1
2022-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-11
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-05