BALFARG DEVELOPMENTS LTD

🌿Early-stageactive
SC747761 · ltd · incorporated 2022-10-19
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 Apr 2025
Net worth
£5
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £5
Cash YoY
+8545%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↑ 8545% YoY
Net Worth
£5
↑ 100% YoY
Current Assets
£68k
↓ 47% YoY
Current Liabilities
-£1k£25k£51k£77k£104k£130kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£5£-1.2k
Current assets£68.5k£129.7k
Cash£21.0k£243
Debtors£47.5k£23.0k
Net assets£5£-1.2k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-07-10
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  5. 2022-10-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  6. 2022-10-19
    🏢
    Company incorporated
    As BALFARG DEVELOPMENTS LTD
  7. 2022-10-19
    PATERSON, Roy appointed
    director
  8. 2022-10-19
    SMERDON, Edward appointed
    director
  9. 2022-10-19
    WILKIN, Caleb appointed
    director
  10. 2022-10-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

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

Succession & seller-readiness

30/100
Weak signal

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

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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Edward Smerdon
Individual · British · DOB 10/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting19/10/2022
Mr Caleb Wilkin
Individual · British · DOB 07/1995 · age 31
2550%
25–50%25-50% shares · 25-50% voting19/10/2022
Mr Roy Paterson
Individual · British · DOB 06/1976 · age 50
2550%
25–50%25-50% shares · 25-50% voting19/10/2022

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 →
🔒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
Incorporated2022-10-19
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

Unit 5 Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (3 active · 0 resigned)

PATERSON, Roy
director · ~50y · appointed 2022-10-19
View their other companies + combined net worth →
Active
SMERDON, Edward
director · ~47y · appointed 2022-10-19
View their other companies + combined net worth →
Active
WILKIN, Caleb
director · ~31y · appointed 2022-10-19
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-dormant
accounts · AA
2024-07-15
change-account-reference-date-company-current-shortened
accounts · AA01
2024-07-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-01
change-account-reference-date-company-current-extended
accounts · AA01
2022-10-26
incorporation-company
incorporation · NEWINC
2022-10-19