WEST END OFFICE SUITES (DUNDEE) LTD

🌿Early-stageactive
SC717149 · ltd · incorporated 2021-12-08
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-3.4k
book net assets
Opportunity
71/100
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 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -58% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 0.5y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 0.5 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £3,394
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£643
↓ 58% YoY
Net Worth
-£3k
↓ 3043% YoY
Current Assets
£643
↓ 95% YoY
Current Liabilities
—
-£3k-£72£3k£7k£10k£13kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-3.4k£-108
Current assets£643£13.2k
Cash£643£1.5k
Debtors—£11.7k
Net assets£-3.4k£-108

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-11-25
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  4. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-02-17
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  8. 2023-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-01-31
    ➕
    GRAY, Barrie James appointed
    director
  13. 2023-01-31
    ➖
    GOODMAN, Ashley resigned
    director
  14. 2023-01-31
    ➖
    WHITE, Angela resigned
    director
  15. 2023-01-31
    ➖
    WHITE, Trevor resigned
    director
  16. 2021-12-08
    🏢
    Company incorporated
    As WEST END OFFICE SUITES (DUNDEE) LTD
  17. 2021-12-08
    ➕
    GOODMAN, Paul appointed
    director
  18. 2021-12-08
    ➕
    GOODMAN, Ashley appointed
    director
  19. 2021-12-08
    ➕
    WHITE, Angela appointed
    director
  20. 2021-12-08
    ➕
    WHITE, Trevor appointed
    director
  21. 2021-12-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Barrie James Gray
Individual · British · DOB 10/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting31/01/2023

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 →

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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 →
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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
Typeltd
Incorporated2021-12-08
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Castlecroft Business Centre
Tom Johnston Road
Dundee
Angus
DD4 8XD
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (2 active · 3 resigned)

GOODMAN, Paul→
director · ~54y · appointed 2021-12-08
View their other companies + combined net worth →
Active
GRAY, Barrie James→
director · ~53y · appointed 2023-01-31
View their other companies + combined net worth →
Active
GOODMAN, Ashley→
director · ~54y · appointed 2021-12-08 · resigned 2023-01-31
Resigned
WHITE, Angela→
director · ~65y · appointed 2021-12-08 · resigned 2023-01-31
Resigned
WHITE, Trevor→
director · ~65y · appointed 2021-12-08 · resigned 2023-01-31
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property25/11/2025—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-17
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-02-17
appoint-person-director-company-with-name-date
officers · AP01
2023-02-17
termination-director-company-with-name-termination-date
officers · TM01
2023-02-17
termination-director-company-with-name-termination-date
officers · TM01
2023-02-17
termination-director-company-with-name-termination-date
officers · TM01
2023-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-02
incorporation-company
incorporation · NEWINC
2021-12-08