SALLIN PROPERTIES LIMITED

🌳Matureactive

NI038585 · ltd · incorporated 2000-05-15

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

£3.54M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

ALSO REGISTERED FOR

68320Management of real estate on a fee or contract basis

Investor take

Pursue

Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

10 live charges · 4 lenders · oldest 25.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 25.7 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 (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

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

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

9 officers (6 active, 9 linked, 7 with DOB)

Ownership & PSC

3 active PSC(s) of 4 total, 4 with control declared

Director network

7 connected companies via shared directors

Filing history

101 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £3,539,963

Cash YoY

+11%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.0m

↑ 11% YoY

Net Worth

£3.5m

↑ 11% YoY

Current Assets

£1.1m

↑ 11% YoY

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
Total assets	£16.70M	£16.52M
Current assets	£1.11M	£997.7k
Cash	£1.04M	£941.3k
Debtors	£66.6k	£56.5k
Net assets	£3.54M	£3.19M

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2025-11-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-04
📄
change-person-director-company-with-change-date
officers · CH01
2024-05-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-17
📄
memorandum-articles
incorporation · MA
2024-05-17
📄
resolution
resolution · RESOLUTIONS
2024-05-17
📄
resolution
resolution · RESOLUTIONS
2024-05-17
📄
capital-alter-shares-subdivision
capital · SH02
2024-03-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-27
🔒
Charge registered #10
Lender: The Governor and Company of the Bank of Ireland
2024-03-27
🔒
Charge registered #9
Lender: The Governor and Company of the Bank of Ireland
2023-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-12-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-12-01
➕
MCGEOWN, James Thomas appointed
director
2023-12-01
➕
MCGEOWN, Nuala Joanne appointed
director
2022-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-03-18
➕
MCGEOWN, Daniel James appointed
director
2019-05-24
🔒
Charge registered #8
Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
2019-05-01
🔓
Charge satisfied #4
2019-05-01
🔓
Charge satisfied #3
2016-07-11
🔓
Charge satisfied #6
2016-07-01
🔓
Charge satisfied #5
2016-07-01
🔓
Charge satisfied #2
2016-07-01
🔓
Charge satisfied #1
2016-06-29
🔒
Charge registered #7
Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
2013-12-06
➕
PATTERSON, Emer Maria appointed
secretary
2013-12-06
➖
MCGEOWN, Daniel James resigned
secretary
2013-11-25
🔒
Charge registered #6
Lender: Aib Group (UK) P.L.C. as Security Trustee for Itself and the Governor and Company of the Bank of Ireland
2006-02-08
🔒
Charge registered #5
Lender: Aib Group (UK) PLC
2005-06-14
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Ireland
2005-06-14
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Ireland
2002-02-14
🔒
Charge registered #2
Lender: Aib Group (UK) PLC
2000-09-01
🔒
Charge registered #1
Lender: Aib Group (UK) PLC
2000-07-07
➕
MCGEOWN, Stephen Gerard appointed
director
2000-07-07
➕
PATTERSON, Emer Maria appointed
director
2000-07-07
➖
KANE, Dorothy May resigned
director
2000-07-07
➖
MCNEILL, Eleanor Shirley resigned
director
2000-05-15
🏢
Company incorporated
As SALLIN PROPERTIES LIMITED
2000-05-15
➕
MCGEOWN, Daniel James appointed
secretary
2000-05-15
➕
KANE, Dorothy May appointed
director
2000-05-15
➕
MCNEILL, Eleanor Shirley appointed
director

Owner dependency

66/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100

No succession signal

No meaningful acquirability indicators from public data.

SIGNALS

primaryFamily succession underway: Not a takeover target — MCGEOWN, James Thomas (same surname) appointed 2023-12-01. Pattern consistent with intra-family handover.
secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
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

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen Gerard Mcgeown Individual · Irish · DOB 12/1974 · age 52	25–50%	25–50%	25-50% shares · 25-50% voting	01/05/2024
Mr Daniel James Mcgeown Individual · Irish · DOB 09/1969 · age 57	25–50%	25–50%	25-50% shares · 25-50% voting	01/05/2024
Ms Nuala Joanne Mcgeown Individual · British · DOB 11/1964 · age 62	25–50%	25–50%	25-50% shares · 25-50% voting	01/05/2024

1 historic (ceased) PSC

Mrs Catherine Mcgeownceased 01/05/2024· 75-100% 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 →

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BROAD ENTERPRISES LIMITED→ NI024814 · est 1990	£2.12M £1.80M–£2.43M	—	£2.12M	—	35y	83	64y
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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.

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Company details

Statusactive

Typeltd

Incorporated2000-05-15

Jurisdictionnorthern-ireland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-05-29

Last: 2026-05-15