PROPERTY ASSET DEVELOPMENTS LTD

🏛️Establishedactive
SC622845 · ltd · incorporated 2019-02-28
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
book net assets
Opportunity
69/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. 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).

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
13 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
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29

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
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-02-28
    🏢
    Company incorporated
    As PROPERTY ASSET DEVELOPMENTS LTD
  8. 2019-02-28
    LOGAN, Paul appointed
    director
  9. 2019-02-28
    MCCAFFREY, Brian appointed
    director
  10. 2019-02-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • 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: 2026-03-13

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Logan
Individual · British · DOB 01/1981 · age 45
2550%
25–50%25-50% shares · 25-50% voting28/02/2019
Mr Brian Mccaffrey
Individual · British · DOB 10/1966 · age 60
2550%
25–50%25-50% shares · 25-50% voting28/02/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Construction · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
P SMITH & SONS PROPERTY SERVICES LIMITED
SC421415 · est 2012 · no financials extracted
14y
PRIMEFIX FACILITY MANAGEMENT LTD
SC879995 · est 2026 · no financials extracted
PROFIX SCOTLAND LTD
SC728274 · est 2022 · no financials extracted
4y
PSI REFRIGERATION LIMITED
SC721187 · est 2022 · no financials extracted
4y
PUREWARM LIMITED
SC877788 · est 2026 · no financials extracted
PWR ENERGY GROUP LTD
SC863236 · est 2025 · no financials extracted
QUALITY ACOUSTIC SOLUTIONS LTD
SC658989 · est 2020 · no financials extracted
6y
QUALITY BUILDING ENVELOPE SOLUTIONS LTD
SC596957 · est 2018 · no financials extracted
7y
QUDOS CONSULTING LIMITED
SC733339 · est 2022 · no financials extracted
3y
RADIATE PLUMBING AND HEATING LIMITED
SC672176 · est 2020 · no financials extracted
5y
RAE ROOFING LTD
SC851304 · est 2025 · no financials extracted
RAK ACCESS LIMITED
SC650610 · est 2020 · no financials extracted
6y
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
Incorporated2019-02-28
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

2 Victoria Place
Rutherglen
Glasgow
G73 2JP
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-13OVERDUE
Last: 2025-02-27

Officers (2 active · 0 resigned)

LOGAN, Paul
director · ~45y · appointed 2019-02-28
View their other companies + combined net worth →
Active
MCCAFFREY, Brian
director · ~60y · appointed 2019-02-28
View their other companies + combined net worth →
Active

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-11
incorporation-company
incorporation · NEWINC
2019-02-28