ALG PROPERTIES (SOUTHERN) LIMITED
- 68209Other letting and operating of own or leased real estate
Opportunity 70/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 4.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.0 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £115.7k | £115.4k |
| Cash | £3.3k | £2.9k |
| Net assets | £-9.6k | £-9.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (22 events)Click to expand
- 2025-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-25🔓Charge satisfied #3
- 2024-09-25🔓Charge satisfied #2
- 2024-09-24🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2024-06-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-22🔓Charge satisfied #1
- 2022-07-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-05🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2022-07-05🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2022-07-05🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2020-08-31🏢Company incorporatedAs ALG PROPERTIES (SOUTHERN) LIMITED
- 2020-08-31➕ROBERTS, Sophie appointedsecretary
- 2020-08-31➕JOHNSTONE, Callum appointeddirector
- 2020-08-31📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Callum Johnstone Individual · British · DOB 04/1996 · age 30 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/08/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · GU postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ALEX55 PROPERTIES LIMITED→ 13994150 · est 2022 | £6.8k £5.8k–£7.9k | — | £6.8k | — | 4y | — | — |
| ALCHEMY PROPERTY SOLUTIONS LIMITED→ 08691915 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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| ALEXANDRA MEWS RESIDENTS ASSOCIATION LIMITED→ 03189030 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| ALI AND SONS REAL ESTATE LTD→ 16475767 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALKHALAF & SONS LTD→ 11854899 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ALL IN HOMES LTD→ 16253851 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ALL SAINTS GREEN PROPERTIES LIMITED→ 00842591 · est 1965 · no financials extracted | — | — | — | — | 61y | — | — |
| ALLDERMEN PROPERTIES LIMITED→ 04896384 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ALLEGIANCE GLOBAL INVESTMENTS (UK) LIMITED→ 03516569 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| ALLEN GLANVILLE HOLDINGS LIMITED→ 00491819 · est 1951 · no financials extracted | — | — | — | — | 75y | — | — |
| ALLF PROPERTY LTD→ 13297408 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 24/09/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/07/2022 | 25/09/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/07/2022 | 25/09/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/07/2022 | 22/07/2022 |