X PROPERTY NE LTD
🌿Early-stageactive
15472367 · ltd · incorporated 2024-02-07
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£-39.7k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 2.0y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.0 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £39,678
Key financials
1 year extracted from filed iXBRL accountsCash
£3k
Net Worth
-£40k
Current Assets
£6k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 |
|---|---|
| Total assets | £459.4k |
| Current assets | £5.5k |
| Cash | £3.1k |
| Debtors | £2.4k |
| Net assets | £-39.7k |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
- 2025-09-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-09-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-16🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2024-06-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-19🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2024-02-07🏢Company incorporatedAs X PROPERTY NE LTD
- 2024-02-07➕LORD, Jacqueline appointeddirector
- 2024-02-07➕LORD, John Gordon appointeddirector
- 2024-02-07📄incorporation-companyincorporation · NEWINC
Owner dependency
79/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 2.3 years old — management layer unlikely to be developed.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Gordon Lord Individual · British · DOB 04/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 07/02/2024 |
Mrs Jacqueline Lord Individual · British · DOB 02/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 07/02/2024 |
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 · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 77 HOLLYWOOD AVENUE LIMITED→ 12016720 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A & B PROPERTIES (NORTH EAST) LIMITED→ 10439030 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A&A LACKENBY LIMITED→ 11652692 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A&B REAL ESTATE DEVELOPMENT LTD→ 15945622 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AA PROPERTY (NE) LTD→ 16921474 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AA PROPRIETE LIMITED→ 13774346 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AA REAL ESTATE (NORTH EAST) LIMITED→ 17062016 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AA RESIDENCES LTD→ 14019494 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AAD ESTATES LIMITED→ 15327380 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAPT PROPERTY LIMITED→ 14819829 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AAYRA CAPITAL LIMITED→ 15965206 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AB & CK INVESTMENTS LTD→ 15219477 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2024-02-07
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
112 Whitley Road
Whitley Bay
NE26 2NE
England
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-05-03
Last: 2026-04-19
Officers (2 active · 0 resigned)
LORD, Jacqueline→
Activedirector · ~62y · appointed 2024-02-07
View their other companies + combined net worth →
LORD, John Gordon→
Activedirector · ~61y · appointed 2024-02-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 16/09/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 19/06/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (9 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-20
incorporation-company
incorporation · NEWINC
2024-02-07