MINDRUM PROPERTIES LIMITED
🌳Matureactive
00543645 · ltd · incorporated 1955-01-22
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
£1.87M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 83-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 83). Share purchase looks the cleaner deal structure. 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
17 live charges · 4 lenders · oldest 29.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 29.3 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 (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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £1,871,578
Net assets shrinking
Down £46,636 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£1.9m
↓ 2.4% YoY
Current Assets
£131k
↑ 243% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.87M | £2.79M |
| Current assets | £131.4k | £38.3k |
| Net assets | £1.87M | £1.92M |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2025-10-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-13🔓Charge satisfied #13
- 2024-12-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12🔓Charge satisfied #17
- 2024-12-12🔓Charge satisfied #16
- 2024-12-12🔓Charge satisfied #15
- 2024-12-12🔓Charge satisfied #14
- 2024-12-12🔓Charge satisfied #12
- 2024-12-12🔓Charge satisfied #11
- 2024-12-12🔓Charge satisfied #10
- 2024-12-12🔓Charge satisfied #9
- 2023-09-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-17📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2022-08-16📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-30➖FAIRFAX, Virginia Alexandra De L'Etang, The Hon Mrs resignedsecretary
- 2018-09-10🔒Charge registered #17Lender: Svenska Handelsbanken Ab (Publ)
- 2018-02-27🔒Charge registered #16Lender: Svenska Handelsbanken Ab (Publ)
- 2018-02-27🔒Charge registered #15Lender: Svenska Handelsbanken Ab (Publ)
- 2018-02-27🔒Charge registered #14Lender: Svenska Handelsbanken Ab (Publ)
- 2018-02-27🔒Charge registered #13Lender: Svenska Handelsbanken Ab (Publ)
- 2013-09-14🔓Charge satisfied #3
- 2013-06-11🔓Charge satisfied #8
- 2013-06-11🔓Charge satisfied #7
- 2013-06-11🔓Charge satisfied #6
- 2013-06-11🔓Charge satisfied #5
- 2013-06-11🔓Charge satisfied #4
- 2013-06-11🔓Charge satisfied #2
- 2013-05-16🔒Charge registered #12Lender: Svenska Handelsbanken Ab (Publ)
- 2013-05-16🔒Charge registered #11Lender: Svenska Handelsbanken Ab (Publ)
- 2013-05-16🔒Charge registered #10Lender: Svenska Handelsbanken Ab (Publ)
- 2013-05-16🔒Charge registered #9Lender: Svenska Handelsbanken Ab (Publ)
- 2013-05-16🔒Charge registered #8Lender: Svenska Handelsbanken Ab (Publ)
- 2013-04-04➕FAIRFAX, Miki appointeddirector
- 2012-02-23➖FAIRFAX, Peregrine John Wishart, The Hon resigneddirector
- 2007-04-18🔓Charge satisfied #1
- 2007-04-17🔒Charge registered #7Lender: The Governor and Company of the Bank of Ireland
- 2005-09-06🔒Charge registered #6Lender: Bank of Irland
Showing most recent 50 of 60 events
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
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 83 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 71 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas Philip Fairfax Individual · British · DOB 05/1966 · age 60 | 50–75% | 50–75% | board control50-75% shares · 50-75% 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 · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LORNATRAD LIMITED→ 14418706 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MAM RURAL LIMITED→ 11841439 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MARSHALL LEISURE LIMITED→ 00653223 · est 1960 · no financials extracted | — | — | — | — | 66y | — | — |
| MCCALL CAPITAL ASSETS LTD→ 05549811 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| MIDDLETON HALL COTTAGES MANAGEMENT COMPANY LTD→ 09741831 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| NESSIE PROPERTY LIMITED→ 15215128 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NEW WHITEHALL HOUSE LIMITED→ 11313937 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| O'ROURKE PROPERTY INVESTMENTS LTD→ 11538218 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| OLD SMOKERY (SEAHOUSES) LIMITED→ 04120859 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| PASTON PLACE LTD→ 16267002 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PP67 LTD→ 16701763 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PROP PROPERTIES LIMITED→ SC367137 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
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
Incorporated1955-01-22
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Mindrum Farm
Mindrum
Northumberland
TD12 4QN
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15
Officers (3 active · 4 resigned)
FAIRFAX, Miki→
Activedirector · ~55y · appointed 2013-04-04
View their other companies + combined net worth →
FAIRFAX, Thomas Philip→
Activedirector · ~60y · appointed 1993-01-11
View their other companies + combined net worth →
FAIRFAX, Virginia Alexandra De L'Etang, The Hon Mrs→
Activedirector · ~83y
View their other companies + combined net worth →
COLLETT, Brian→
Resignedsecretary · resigned 1993-01-11
FAIRFAX, Virginia Alexandra De L'Etang, The Hon Mrs→
Resignedsecretary · appointed 1993-01-11 · resigned 2018-11-30
DILGER, John Joseph→
Resigneddirector · ~91y · resigned 1993-01-11
FAIRFAX, Peregrine John Wishart, The Hon→
Resigneddirector · ~101y · resigned 2012-02-23
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
0
Outstanding
0
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 10/09/2018 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 27/02/2018 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 27/02/2018 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 27/02/2018 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 27/02/2018 | 13/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 16/05/2013 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 16/05/2013 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 16/05/2013 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 16/05/2013 | 12/12/2024 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 16/05/2013 | 11/06/2013 | |
| satisfied | The Governor and Company of the Bank of Ireland | Debenture | 1 property | 17/04/2007 | 11/06/2013 | |
| satisfied | Bank of Irland | Charge over construction documents | 1 property | 06/09/2005 | 11/06/2013 | |
| satisfied | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 06/09/2005 | 11/06/2013 | |
| satisfied | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 06/09/2005 | 11/06/2013 | |
| satisfied | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 06/09/2005 | 14/09/2013 | |
| satisfied | The Governor and Company of the Bank of Ireland | Legal charge | 1 property | 06/09/2005 | 11/06/2013 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Debenture | 1 property | 11/02/1997 | 18/04/2007 |
Recent filings (144 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-08