NORTHERN COUNTIES GUARANTEE CORPORATION LIMITED
🌳Matureactive
00235918 · ltd · incorporated 1928-12-24
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 74-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 74). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
35 live charges · 4 lenders · oldest 97.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 97.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)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
35 charges (35/35 with lender, 35/35 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
176 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
71
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 200 | 300 |
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 address
Last 180 days
2
filings
- • 1 address
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (84 events)Click to expand
- 2026-03-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-09📄mortgage-charge-part-release-with-charge-numbermortgage · MR05
- 2025-11-10📄memorandum-articlesincorporation · MA
- 2025-11-10📄resolutionresolution · RESOLUTIONS
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-24🔒Charge registered #35Lender: Handelsbanken PLC
- 2024-12-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-12-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-15➖BELGIAN, David James resigneddirector
- 2024-11-13📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2024-11-12📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2023-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-30🔒Charge registered #34Lender: Handelsbanken PLC
- 2022-09-30🔒Charge registered #33Lender: Handelsbanken PLC
- 2022-09-30🔒Charge registered #32Lender: Handelsbanken PLC
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-06➖BELGIAN, Fiona Margaret resigneddirector
- 2019-03-29🔒Charge registered #31Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #30Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #29Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #28Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #27Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #26Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #25Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #24Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #23Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #22Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #21Lender: Handelsbanken PLC
- 2019-03-06🔒Charge registered #20Lender: Handelsbanken PLC
- 2018-12-20🔓Charge satisfied #19
- 2018-12-20🔓Charge satisfied #18
- 2015-08-11➕BELGIAN, Fiona Margaret appointeddirector
- 2012-02-02➖KANE, Lynne resigneddirector
- 2010-11-24🔒Charge registered #19Lender: Hsbc Bank PLC
- 2009-05-07🔓Charge satisfied #17
- 2009-05-07🔓Charge satisfied #16
- 2009-05-07🔓Charge satisfied #15
- 2009-05-07🔓Charge satisfied #14
- 2009-05-07🔓Charge satisfied #13
- 2009-05-07🔓Charge satisfied #12
- 2009-05-07🔓Charge satisfied #11
Showing most recent 50 of 84 events
Owner dependency
91/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 97 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 2 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
16 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Carole Belgian Individual · British · DOB 12/1952 · age 74 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr David James Belgianceased 15/11/2024· 50-75% shares
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 →Similar companies
Active · Property · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 7 STAR LETTINGS LTD→ 13906883 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 77 HOLLYWOOD AVENUE LIMITED→ 12016720 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A & B PROPERTIES (NORTH EAST) LIMITED→ 10439030 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A&A LACKENBY LIMITED→ 11652692 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A&B REAL ESTATE DEVELOPMENT LTD→ 15945622 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AA PROPERTY (NE) LTD→ 16921474 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AA PROPRIETE LIMITED→ 13774346 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AA REAL ESTATE (NORTH EAST) LIMITED→ 17062016 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AA RESIDENCES LTD→ 14019494 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AAD ESTATES LIMITED→ 15327380 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAPT PROPERTY LIMITED→ 14819829 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAYRA CAPITAL LIMITED→ 15965206 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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.
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
Incorporated1928-12-24
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Thornbury
Aydon Road
Corbridge
Northumberland
NE45 5EJ
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21
Officers (3 active · 4 resigned)
Active
BELGIAN, Carole→
Activedirector · ~74y · appointed 1994-12-30
View their other companies + combined net worth →
BELGIAN, Philip→
Activedirector · ~51y · appointed 2005-11-08
View their other companies + combined net worth →
BELGIAN, David James→
Resigneddirector · ~75y · resigned 2024-11-15
BELGIAN, Fiona Margaret→
Resigneddirector · ~49y · appointed 2015-08-11 · resigned 2019-09-06
BONE, Gayle Elizabeth→
Resigneddirector · ~61y · appointed 1994-12-30 · resigned 2001-12-18
KANE, Lynne→
Resigneddirector · ~67y · appointed 1994-12-30 · resigned 2012-02-02
Click a director name to see their full track record across all companies.
Mortgages & charges
35
Total charges
16
Outstanding
1
Active lenders
Status:Lender:35 of 35 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 24/01/2025 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 3 properties | 30/09/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 3 properties | 30/09/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 30/09/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 29/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | — | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 06/03/2019 | — | |
| satisfied | HSBC Hsbc Bank PLC | A deed of charge | 1 property | 24/11/2010 | 20/12/2018 | |
| satisfied | Ingenious Resources Ingenious Resources Limited | Deed of security assignment | 1 property | 27/01/2009 | 20/12/2018 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 20/12/2006 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 12/03/1996 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 25/01/1993 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 27/09/1991 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 01/02/1990 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 09/10/1989 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 18/07/1988 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 05/07/1983 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Sub-mortgage | 1 property | 28/11/1968 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 14/01/1960 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Mem of agreement supplemental to mem of agreement dated 4/5/39 | 1 property | 17/09/1959 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Memo. Of agreement | 1 property | 14/04/1959 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 09/02/1959 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Agreement (endorsed on agreement dated 4TH march 1929) | 1 property | 28/01/1955 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Agreement (endorsed on agreement dated 4 march 1929) | 1 property | 15/12/1954 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Agreement | 1 property | 17/07/1929 | 07/05/2009 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 06/06/1929 | 07/05/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (176 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-12
mortgage-charge-part-release-with-charge-number
mortgage · MR05
2026-02-09
memorandum-articles
incorporation · MA
2025-11-10
resolution
resolution · RESOLUTIONS
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-11
termination-director-company-with-name-termination-date
officers · TM01
2024-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
change-sail-address-company-with-old-address-new-address
address · AD02
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-12