FREEMENS COURT LIMITED

🌳Matureactive

04422947 · ltd · incorporated 2002-04-23

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 24.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Renting and operating of Housing Association real estate

Sector: Real estate

Investor take

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.2y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 24.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

20 officers (10 active, 20 linked, 16 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

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

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Average employees	10	900

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2025-12-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-14
➕
WEATHERBURN, Reece Lewis appointed
director
2024-11-14
➖
FAIRNELL, David resigned
director
2024-08-28
➖
WEATHERBURN, John Miller resigned
director
2024-01-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-03
📄
change-person-director-company-with-change-date
officers · CH01
2024-01-03
📄
change-person-director-company-with-change-date
officers · CH01
2024-01-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-14
➕
LOVEGROVE, Isla appointed
director
2022-12-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-11-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2010-10-25
➕
WEATHERBURN, Brian William appointed
director
2010-10-25
➖
THOMPSON, Collingwood Forster James resigned
director
2008-12-01
➕
WEATHERBURN, Sarah Jane appointed
secretary
2008-10-04
➖
ANDERSON, Kenneth Mcmaster resigned
secretary
2004-12-06
➕
HERRIOTT, Michael William appointed
director
2004-12-06
➕
WEATHERLEY, Lynda Maria appointed
director
2004-11-15
➖
HERRIOTT, Charles Edward resigned
director
2004-11-15
➖
WEATHERLEY, Frederick resigned
director
2003-12-09
➕
HERRIOTT, Michael Paul appointed
director
2003-12-09
➕
FAIRNELL, David appointed
director
2003-12-09
➖
HERRIOTT, John Borthwick Derry, Dr resigned
director
2003-12-09
➖
MANDERSON, Neil Charles resigned
director
2002-04-23
🏢
Company incorporated
As FREEMENS COURT LIMITED
2002-04-23
➕
EVANS, James appointed
director
2002-04-23
➕
HERRIOT, David Borthwick Patterson appointed
director
2002-04-23
➕
HERRIOTT, Arthur William appointed
director
2002-04-23
➕
ANDERSON, Kenneth Mcmaster appointed
secretary
2002-04-23
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-secretary
2002-04-23
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-secretary
2002-04-23
➕
HERRIOTT, Charles Edward appointed
director
2002-04-23
➕
HERRIOTT, John Borthwick Derry, Dr appointed
director
2002-04-23
➕
MANDERSON, Neil Charles appointed
director
2002-04-23
➕
THOMPSON, Collingwood Forster James appointed
director
2002-04-23
➕
WEATHERBURN, John Miller appointed
director
2002-04-23
➕
WEATHERLEY, Frederick appointed
director
2002-04-23
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-director
2002-04-23
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-director
2002-02-26
🔒
Charge registered #1
Lender: Adam & Company PLC

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 93 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

75/100

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 93 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-07

🔒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
EAST ALLERDENE MANAGEMENT COMPANY LIMITED→ 04801511 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
EDMISTON CARA HOUSE LTD→ 14127793 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
EDMISTON PARADE SCHOOL LTD→ 13739348 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
EDRINGTON INVESTMENTS LIMITED→ 06615705 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
EM NORTHUMBERLAND LTD→ 15931539 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
FIELDSEND DEVELOPMENTS LIMITED→ 15950980 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
FORTHVIEW PROPERTIES LIMITED→ 10809485 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
FORTUNAS PROPERTY LIMITED→ SC812107 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
G J RIDDELL PROPERTY LTD→ 15818943 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GAMBETTIBARRE UK LIMITED→ 03620175 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
GARLETON LIMITED→ 15324827 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
GAVIN HENDERSON LTD→ SC648798 · est 2019 · no financials extracted	—	—	—	—	6y	—	—

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

Incorporated2002-04-23

Jurisdictionengland-wales

Primary SIC68201 — Renting and operating of Housing Association real estate

Registered office

Guildhall

Marygate

Berwick Upon Tweed

TD15 1BN

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-05-07OVERDUE

Last: 2025-04-23