EXPEDIA CAPITAL (PROPERTY NO 2) LIMITED

🌳Matureactive
NI635481 · ltd · incorporated 2015-12-22
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 Jan 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Property-backed borrower with a 60-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 10.0y

35/100
too messy

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

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red 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
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees00

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-03-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-02-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-02-15
    🔒
    Charge registered #3
    Lender: Shauna Dunlop
  9. 2022-01-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-01-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-01-06
    🔓
    Charge satisfied #2
  12. 2022-01-06
    🔓
    Charge satisfied #1
  13. 2021-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-01-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2021-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-01-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2021-01-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2018-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2016-12-22
    🔒
    Charge registered #2
    Lender: Mw Private Investors (Expedia) Limited (Registered Number 09969360) Whose Registered Office is at Mw House, 1 Penman Way, Grove Park, Enderby Leicester, LE19 1SY as Agent and Trustee for the Mw Private Investors (Expedia) Syndicate Members
  22. 2016-05-06
    🔒
    Charge registered #1
    Lender: Mw Private Investors (Expedia) Limited as Agent and Trustee for the Members of the Mw Private Investors (Expedia) Syndicate
  23. 2015-12-22
    🏢
    Company incorporated
    As EXPEDIA CAPITAL (PROPERTY NO 2) LIMITED
  24. 2015-12-22
    ➕
    SMYTH, Robert appointed
    secretary
  25. 2015-12-22
    ➕
    JOHNSTON, Alison Mary Louise appointed
    director
  26. 2015-12-22
    ➕
    JOHNSTON, Colin James appointed
    director

Owner dependency

74/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

51/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.

Group structure

The Johnston Clear Settlement Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Johnston Clear Settlement Company Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
EXPEDIA CAPITAL (PROPERTY NO 2) LIMITED
This company · NI635481

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
The Johnston Clear Settlement Company Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest06/04/2016
Mr Colin James Johnston
Individual · British · DOB 06/1966 · age 60
——sig. influencesignificant influence06/04/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2015-12-22
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Block D
17 Heron Road
Belfast
BT3 9LE
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-03
Last: 2025-12-20

Officers (3 active · 0 resigned)

SMYTH, Robert→
secretary · appointed 2015-12-22
View their other companies + combined net worth →
Active
JOHNSTON, Alison Mary Louise→
director · ~58y · appointed 2015-12-22
View their other companies + combined net worth →
Active
JOHNSTON, Colin James→
director · ~60y · appointed 2015-12-22
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Shauna Dunlop
A registered charge2 properties15/02/2022—
satisfied
Mw Private Investors (Expedia) (Registered Number 09969360) Whose Registered Office is at Mw House, 1 Penman Way, Grove Park, Enderby Leicester, LE19 1SY as Agent and Trustee for the Mw Private Investors (Expedia) Syndicate Members
Mw Private Investors (Expedia) Limited (Registered Number 09969360) Whose Registered Office is at Mw House, 1 Penman Way, Grove Park, Enderby Leicester, LE19 1SY as Agent and Trustee for the Mw Private Investors (Expedia) Syndicate Members
A registered charge2 properties22/12/201606/01/2022
satisfied
Mw Private Investors (Expedia) as Agent and Trustee for the Members of the Mw Private Investors (Expedia) Syndicate
Mw Private Investors (Expedia) Limited as Agent and Trustee for the Members of the Mw Private Investors (Expedia) Syndicate
A registered charge1 property06/05/201606/01/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-11
gazette-notice-compulsory
gazette · GAZ1
2024-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-07
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-06
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-29