FIRNLEY PROPERTIES LIMITED

🌳Matureactive
00488049 · ltd · incorporated 1950-11-07
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
79/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Property-backed borrower with a 88-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 73.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 73.5 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
129 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees2200

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2026-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2024-10-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-09-02
    ➕
    HANDLEY, Simon appointed
    secretary
  7. 2024-09-02
    ➖
    MIDDLEMASS, Margaret resigned
    secretary
  8. 2023-10-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-09-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-09-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-07-23
    ➖
    WEXLER, Ruth resigned
    director
  19. 2015-07-07
    ➕
    NEWMAN, Joseph appointed
    director
  20. 2005-07-13
    ➖
    NEWMAN, Arnold resigned
    director
  21. 2005-07-13
    ➕
    WEXLER, Ruth appointed
    director
  22. 2005-02-22
    ➕
    NEWMAN, Marrik Crane appointed
    director
  23. 2005-02-18
    ➖
    NEWMAN, Aubrey resigned
    director
  24. 2005-02-15
    ➕
    MIDDLEMASS, Margaret appointed
    secretary
  25. 2005-02-14
    ➖
    JONES, Christopher Winston resigned
    secretary
  26. 2005-02-14
    ➖
    TURNER, Peter Michael resigned
    director
  27. 2000-12-12
    ➕
    JONES, Christopher Winston appointed
    secretary
  28. 2000-12-12
    ➖
    TURNER, Peter Michael resigned
    secretary
  29. 1995-08-01
    ➖
    NEWMAN, Joseph resigned
    director
  30. 1994-11-16
    ➕
    NEWMAN, Joseph appointed
    director
  31. 1994-02-07
    🔓
    Charge satisfied #9
  32. 1994-02-07
    🔓
    Charge satisfied #8
  33. 1994-02-07
    🔓
    Charge satisfied #7
  34. 1994-02-07
    🔓
    Charge satisfied #6
  35. 1994-02-07
    🔓
    Charge satisfied #4
  36. 1994-02-07
    🔓
    Charge satisfied #3
  37. 1994-02-07
    🔓
    Charge satisfied #2
  38. 1994-02-07
    🔓
    Charge satisfied #1
  39. 1993-08-25
    ➕
    TURNER, Peter Michael appointed
    director
  40. 1992-08-12
    ➖
    NEWMAN, Aubrey resigned
    secretary
  41. 1992-08-12
    ➕
    TURNER, Peter Michael appointed
    secretary
  42. 1973-12-12
    🔒
    Charge registered #9
    Lender: The Lord Mayor Alderman & Citizens of the City of Leeds
  43. 1973-03-07
    🔒
    Charge registered #8
    Lender: Ottey Building Society
  44. 1967-09-07
    🔒
    Charge registered #7
    Lender: Otley Building Society
  45. 1965-12-22
    🔒
    Charge registered #6
    Lender: The Lord Mayor, Aldermen & Citizens of Leeds
  46. 1965-08-27
    🔒
    Charge registered #5
    Lender: The Lord Mayor, Aldermen & Citizens of Leeds
  47. 1965-07-08
    🔒
    Charge registered #4
    Lender: The Lord Mayor, Aldermen & Citizens of Leeds
  48. 1963-02-15
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  49. 1960-12-01
    🔒
    Charge registered #2
    Lender: Mrs. H. Warman
  50. 1952-11-20
    🔒
    Charge registered #1
    Lender: Mrs. G.B. Bowman
Showing most recent 50 of 51 events

Owner dependency

91/100
Critical — business is the founder

The 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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 88 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 21 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Joseph Newman
Individual · Israeli,British · DOB 12/1938 · age 88
25–50%
—25-50% shares · firm interest06/04/2016

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 →

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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
Incorporated1950-11-07
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Gresham House
5-7 St Pauls Street
Leeds
LS1 2JG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-27
Last: 2026-02-13

Officers (3 active · 9 resigned)

HANDLEY, Simon→
secretary · appointed 2024-09-02
View their other companies + combined net worth →
Active
NEWMAN, Joseph→
director · ~88y · appointed 2015-07-07
View their other companies + combined net worth →
Active
NEWMAN, Marrik Crane→
director · ~79y · appointed 2005-02-22
View their other companies + combined net worth →
Active
JONES, Christopher Winston→
secretary · appointed 2000-12-12 · resigned 2005-02-14
Resigned
MIDDLEMASS, Margaret→
secretary · appointed 2005-02-15 · resigned 2024-09-02
Resigned
NEWMAN, Aubrey→
secretary · resigned 1992-08-12
Resigned
TURNER, Peter Michael→
secretary · appointed 1992-08-12 · resigned 2000-12-12
Resigned
NEWMAN, Arnold→
director · ~110y · resigned 2005-07-13
Resigned
NEWMAN, Aubrey→
director · ~100y · resigned 2005-02-18
Resigned
NEWMAN, Joseph→
director · ~88y · appointed 1994-11-16 · resigned 1995-08-01
Resigned
TURNER, Peter Michael→
director · ~87y · appointed 1993-08-25 · resigned 2005-02-14
Resigned
WEXLER, Ruth→
director · ~76y · appointed 2005-07-13 · resigned 2015-07-23
Resigned

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

Mortgages & charges

9
Total charges
1
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
The Lord Mayor Alderman & Citizens of the City of Leeds
Charge by way of legal mortgage1 property12/12/197307/02/1994
satisfied
Ottey Building Society
Charge1 property07/03/197307/02/1994
satisfied
Otley Building Society
Legal charge registered pursuant to an order of court 28/3/68.1 property07/09/196707/02/1994
satisfied
The Lord Mayor, Aldermen & Citizens of Leeds
Legal charge1 property22/12/196507/02/1994
outstanding
The Lord Mayor, Aldermen & Citizens of Leeds
Legal charge1 property27/08/1965—
satisfied
The Lord Mayor, Aldermen & Citizens of Leeds
Legal charge1 property08/07/196507/02/1994
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property15/02/196307/02/1994
satisfied
Mrs. H. Warman
Legal charge1 property01/12/196007/02/1994
satisfied
Mrs. G.B. Bowman
Legal charge (registered pursuant to an order of court dated 2.2.531 property20/11/195207/02/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (129 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-13
change-person-director-company-with-change-date
officers · CH01
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-02
appoint-person-secretary-company-with-name-date
officers · AP03
2024-10-22
termination-secretary-company-with-name-termination-date
officers · TM02
2024-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-29