MERCIA REAL ESTATE PROPERTIES LIMITED

🌳Matureactive

02020520 · ltd · incorporated 1986-05-16

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

70/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

27 live charges · 12 lenders · oldest 37.9y

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 37.9 years old — likely at or near maturity.
· 12 lenders named — inter-creditor friction likely.
· Legal-friction score 63/100 (high).

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

27 charges (27/27 with lender, 27/27 with type)

Directors & officers

22 officers (7 active, 22 linked, 19 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

205 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	600

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filings

Last 180 days

filings

• 1 address
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (105 events)Click to expand

2026-03-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-22
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-18
➖
EVES, Samantha Jayne resigned
director
2025-10-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-08
📄
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2025-10-08
📄
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2025-10-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-03
🔒
Charge registered #27
Lender: Hampshire Trust Bank PLC
2025-10-03
🔒
Charge registered #26
Lender: Hampshire Trust Bank PLC
2025-07-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-16
🔓
Charge satisfied #22
2025-07-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
➕
CLAGUE, Graham Charles appointed
director
2025-07-01
➕
GANNON, David Edward appointed
director
2025-07-01
➕
LIEBENBERG, Riaan appointed
director
2025-06-30
➖
DAVEY, Lucie Elizabeth resigned
director
2025-03-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
➖
PARKS, Lois Jane resigned
director
2025-02-19
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-18
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-19
➕
PARKS, Lois Jane appointed
director
2024-11-19
➖
SOLLY, David Nicholas resigned
director
2024-01-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-11
➕
DAVIES, Gemma Anne appointed
director
2024-01-11
➕
SOLLY, David Nicholas appointed
director
2023-12-21
➖
WATTERSON, John Paul resigned
director
2023-11-07
➖
CRELLIN, Ian Kevin resigned
director
2023-05-03
➕
DAVEY, Lucie Elizabeth appointed
director
2023-02-21
➕
LOUNDES, Kevin Michael appointed
director
2023-02-21
➕
WATLING, David Ian appointed
director
2023-02-21
➖
FLEMING, Stewart Henderson resigned
director
2021-10-20
🔒
Charge registered #25
Lender: Cynergy Bank Limited
2021-10-20
🔒
Charge registered #24
Lender: Cynergy Bank Limited
2021-10-20
🔒
Charge registered #23
Lender: Cynergy Bank Limited
2021-07-08
🔓
Charge satisfied #21
2021-07-08
🔓
Charge satisfied #20
2020-03-31
➖
DOWLING, Eimear Mary resigned
director
2020-01-07
🔒
Charge registered #22
Lender: Mount Street Mortgage Servicing Limited
2019-10-10
➕
WATTERSON, John Paul appointed
director
2019-03-06
➕
CRELLIN, Ian Kevin appointed
director

Showing most recent 50 of 105 events

Owner dependency

48/100

Moderate — manageable with handover

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

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.

Red flags

2 med · 1 low

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: DAVEY, Lucie Elizabeth resigned 2025-06-30; EVES, Samantha Jayne resigned 2025-12-18

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.

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Paul Robert White Individual · British · DOB 01/1957 · age 69	75–100%	—	75-100% shares	06/04/2016

1 historic (ceased) PSC

Mr Nicholas Francis Megyesi-Schwartzceased 31/03/2018· 25-50% 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 · Construction · B postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
4R CONSTRUCTION LTD→ 13133823 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
4WARD MAINTENANCE LTD→ 14611091 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
5 CROWNS GAS & PLUMBING SERVICES LTD→ 12838954 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
5 STAR BUILDERS SERVICES LTD→ 13354753 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
5 STARS GAS & ELECTRIC LTD→ 16240636 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
637 MANAGEMENT LTD→ 15449054 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
8 D CONCEPTS LTD→ 15597731 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
888 CONSTRUCTION LTD→ 16970906 · est 2026 · no financials extracted	—	—	—	—	—	—	—
A. 1. ALSTON ROOFING SERVICES LIMITED→ 04217751 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
A1 BEST WINDOW AND DOORS LIMITED→ 15855433 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
A1 BUILDER AND DESIGN LTD→ 11960697 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
A1 DRIVEWAYS BHAM LIMITED→ 13336202 · est 2021 · no financials extracted	—	—	—	—	5y	—	—

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

Incorporated1986-05-16

Jurisdictionengland-wales

Primary SIC41100 — Development of building projects

Registered office

Ground Floor

35 Newhall Street

Birmingham

B3 3PU

United Kingdom

Filing status

Accounts

Next due: 2026-12-29

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31