METROPOLITAN RAILWAY SURPLUS LANDS COMPANY (THE)
🌳Matureactive
00277350 · private-unlimited · incorporated 1933-06-29
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
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 16 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
29 live charges · 16 lenders · oldest 77.7y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 77.7 years old — likely at or near maturity.
- · 16 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
29 charges (29/29 with lender, 29/29 with type)
90
Directors & officers
39 officers (3 active, 39 linked, 35 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
255 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (147 events)Click to expand
- 2026-01-12📄accounts-with-accounts-type-smallaccounts · AA
- 2025-11-17➕SOUTHWARD, Benjamin James appointeddirector
- 2025-11-17➖JACKSON, Adam David resigneddirector
- 2025-11-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-20📄accounts-with-accounts-type-smallaccounts · AA
- 2024-06-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-31➖WILMAN, Kirsty Ann-Marie resigneddirector
- 2024-02-16📄accounts-with-accounts-type-smallaccounts · AA
- 2023-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-24➕CLIFFORD, Paul James appointeddirector
- 2023-07-24➖AMBER, Yael resigneddirector
- 2023-07-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-17➕JACKSON, Adam David appointeddirector
- 2023-06-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-07➖DUNCAN, Diane resigneddirector
- 2023-02-01📄accounts-with-accounts-type-smallaccounts · AA
- 2023-01-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-16➕AMBER, Yael appointeddirector
- 2022-12-16➖STOKOE, Alexander David Lawson resigneddirector
- 2022-04-06📄accounts-with-accounts-type-smallaccounts · AA
- 2021-07-02📄accounts-with-accounts-type-smallaccounts · AA
- 2021-01-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-01-01➕STOKOE, Alexander David Lawson appointeddirector
- 2020-12-31➖JUDD, Christian resigneddirector
- 2020-06-24📄accounts-with-accounts-type-smallaccounts · AA
- 2020-03-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-02-28➕DUNCAN, Diane appointeddirector
- 2020-02-28➖LISBEY, Jennifer Anne resigneddirector
- 2019-08-23➕LISBEY, Jennifer Anne appointeddirector
- 2019-08-23➖TORODE, Matthew James resigneddirector
- 2018-12-01➖CUNNINGHAM, Simon Robert resigneddirector
- 2018-12-01➕JUDD, Christian appointeddirector
- 2018-02-16➕CUNNINGHAM, Simon Robert appointeddirector
- 2018-02-16➕TORODE, Matthew James appointeddirector
- 2018-01-31➕HERMES SECRETARIAT LIMITED appointedcorporate-secretary
- 2018-01-31➖MEPC SECRETARIES LIMITED resignedcorporate-secretary
- 2018-01-31➖GROSE, David Leonard resigneddirector
- 2016-06-30➖MOUSLEY, Emily Ann resigneddirector
- 2016-06-23➕WILMAN, Kirsty Ann-Marie appointeddirector
- 2010-09-20➖EVANS, Alasdair David resigneddirector
- 2008-09-03➖DE BLABY, Richard Armand resigneddirector
- 2008-09-03➕GROSE, David Leonard appointeddirector
- 2008-09-03➕MOUSLEY, Emily Ann appointeddirector
- 2008-09-03➖PAGE, Rachel resigneddirector
- 2008-01-31➖BURROWES, David William resigneddirector
- 2008-01-31➕EVANS, Alasdair David appointeddirector
Showing most recent 50 of 147 events
Owner dependency
58/100
Moderate — manageable with handoverSome 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 signalLimited 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Mepc (1946) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Mepc (1946) Limited
Corporate parent · holds 75-100% shares · board control
⬇
METROPOLITAN RAILWAY SURPLUS LANDS COMPANY (THE)
This company · 00277350
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mepc (1946) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3 BIRD REAL ESTATE LIMITED→ 16816947 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3 HANS CRESCENT FREEHOLD LIMITED→ 11047406 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 3 LEGGED DUCK LTD→ 16844317 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3 PENGUINS PROPERTY LTD→ 16562966 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 30 MONKGATE LIMITED→ 16577617 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 30GLOBE LIMITED→ 15594573 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 31 CLIVEDEN PLACE LTD→ 11059018 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 33 GS LIMITED→ 16048806 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 33 HORSEFAIR LIMITED→ 13768367 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 35 FARNHAM ROAD LTD→ 14035551 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 35 WARWICK ROAD LIMITED→ 05609790 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 36 & 37 HS LTD→ 16189806 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Typeprivate-unlimited
Incorporated1933-06-29
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Sixth Floor, 150 Cheapside
London
EC2V 6ET
England
Filing status
Accounts
Next due: —
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11
Officers (3 active · 36 resigned)
HERMES SECRETARIAT LIMITED→
Activecorporate-secretary · appointed 2018-01-31
View their other companies + combined net worth →
CLIFFORD, Paul James→
Activedirector · ~46y · appointed 2023-07-24
View their other companies + combined net worth →
SOUTHWARD, Benjamin James→
Activedirector · ~42y · appointed 2025-11-17
View their other companies + combined net worth →
PRICE, John Dewi Brychan→
Resignedsecretary · appointed 1998-10-12 · resigned 2001-12-31
USHER, John Max→
Resignedsecretary · resigned 1998-10-12
MEPC SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2001-12-31 · resigned 2018-01-31
AMBER, Yael→
Resigneddirector · ~48y · appointed 2022-12-16 · resigned 2023-07-24
BATCHELOR, Peter Andrew→
Resigneddirector · ~63y · appointed 2001-12-31 · resigned 2003-09-30
BEVERIDGE, James Aitchison→
Resigneddirector · ~78y · resigned 1997-02-17
BRADY, James Michael→
Resigneddirector · ~73y · appointed 2003-06-30 · resigned 2006-09-29
BURROWES, David William→
Resigneddirector · ~61y · appointed 2006-05-02 · resigned 2008-01-31
COURTLAND, Toby Augustine→
Resigneddirector · ~58y · appointed 2000-12-31 · resigned 2002-03-31
CUNNINGHAM, Simon Robert→
Resigneddirector · ~48y · appointed 2018-02-16 · resigned 2018-12-01
DE BLABY, Richard Armand→
Resigneddirector · ~66y · appointed 2006-04-06 · resigned 2008-09-03
DUNCAN, Diane→
Resigneddirector · ~64y · appointed 2020-02-28 · resigned 2023-06-07
EAST, Stephen John→
Resigneddirector · ~68y · appointed 1999-08-10 · resigned 2003-09-30
EVANS, Alasdair David→
Resigneddirector · ~65y · appointed 2008-01-31 · resigned 2010-09-20
GROSE, David Leonard→
Resigneddirector · ~50y · appointed 2008-09-03 · resigned 2018-01-31
HARROLD, Richard Anthony→
Resigneddirector · ~80y · appointed 2003-06-30 · resigned 2005-12-08
JACKSON, Adam David→
Resigneddirector · ~49y · appointed 2023-07-17 · resigned 2025-11-17
Click a director name to see their full track record across all companies.
Mortgages & charges
29
Total charges
0
Outstanding
0
Active lenders
Status:Lender:29 of 29 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Guardian Assurance Guardian Assurance PLC | Legal charge | 1 property | 15/11/1983 | 11/03/1995 | |
| satisfied | Guardian Assurance Guardian Assurance PLC | Seventh supplemental trust deed | 1 property | 06/09/1982 | 31/01/1992 | |
| satisfied | Manufacturers Hanover Trust Company | Legal charge | 1 property | 16/10/1981 | 26/08/2000 | |
| satisfied | Manufacturers Hanover Trust Company | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company LTD | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | Banque De Pains Et Des Pays Bas | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | Bank of New South Wales | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | Bank of America National Trust and Savings Association | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | N.M Rothschild & Sons N.M Rothschild & Sons Limited | Legal charge | 1 property | 16/10/1981 | 01/07/2000 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company LTD | Legal charge | 2 properties | 02/10/1981 | 07/07/1992 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company LTD | Legal charge | 1 property | 13/03/1981 | 07/07/1992 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Deed of substitution | 2 properties | 23/11/1978 | 01/07/2000 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company Limited | Deed of substitution | 2 properties | 23/11/1978 | 07/07/1992 | |
| satisfied | The Prudential Assurance Company | Deed of assurance | 1 property | 30/11/1977 | 11/03/1995 | |
| satisfied | The Prudential Assurance Company The Prudential Assurance Company LTD | Supplemental trust deed | 2 properties | 23/09/1977 | 11/03/1995 | |
| satisfied | Morgan Grenfell & Co Morgan Grenfell & Co LTD | Legal charge | 2 properties | 22/06/1977 | 11/03/1995 | |
| satisfied | N.M. Rothschild & Sons N.M. Rothschild & Sons Limited | Legal charge | 4 properties | 19/09/1974 | 18/03/1988 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Deed | 1 property | 30/09/1971 | 07/07/1992 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Legal charge | 1 property | 02/04/1970 | 11/03/1995 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Legal charge | 1 property | 30/01/1968 | 11/03/1995 | |
| satisfied | The Norwich Union Life Insurance Company | Legal charge | 1 property | 10/08/1967 | 30/07/1992 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Fifth supplemental trust deed | 1 property | 29/09/1966 | 31/01/1992 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Legal charge | 2 properties | 25/05/1966 | 11/03/1995 | |
| satisfied | Guardian Assurance Co Guardian Assurance Co LTD | Fourth supplemental trust deed | 1 property | 28/09/1965 | 31/01/1992 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company LTD | Second supplemental trust deed | 1 property | 12/05/1965 | 31/01/1992 | |
| satisfied | The Royal Securities Pension Fund | Legal charge | 2 properties | 06/05/1964 | 11/03/1995 | |
| satisfied | Guardian Assurance Company Guardian Assurance Company LTD | Series of debentures | 1 property | 27/03/1963 | 31/01/1992 | |
| satisfied | Guardian Assurance Guardian Assurance PLC | Trust deed | 1 property | 12/07/1961 | 31/01/1992 | |
| satisfied | Santander Abbey National Building Society | Charge | 1 property | 28/09/1948 | 11/03/1995 |
Recent filings (255 total)
accounts-with-accounts-type-small
accounts · AA
2026-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-11
appoint-person-director-company-with-name-date
officers · AP01
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
accounts-with-accounts-type-small
accounts · AA
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
termination-director-company-with-name-termination-date
officers · TM01
2024-06-12
accounts-with-accounts-type-small
accounts · AA
2024-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
termination-director-company-with-name-termination-date
officers · TM01
2023-11-16
appoint-person-director-company-with-name-date
officers · AP01
2023-07-31
appoint-person-director-company-with-name-date
officers · AP01
2023-07-19
termination-director-company-with-name-termination-date
officers · TM01
2023-06-28
accounts-with-accounts-type-small
accounts · AA
2023-02-01
appoint-person-director-company-with-name-date
officers · AP01
2023-01-03