EXPEDIA CAPITAL (PROPERTY NO 3) LIMITED

🌳Matureactive
NI637801 · ltd · incorporated 2016-04-14
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
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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

6 live charges · 3 lenders · oldest 9.7y

35/100
too messy

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

  • · Oldest live charge is 9.7 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
6 charges (6/6 with lender, 6/6 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
39 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
4
filings
  • • 3 officers
  • • 1 confirmation-statement
Last 90 days
4
filings
  • • 3 officers
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 3 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-05-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-05-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-03-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-03-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-03-11
    🔒
    Charge registered #6
    Lender: Santander UK PLC
  11. 2022-03-11
    🔒
    Charge registered #5
    Lender: Santander UK PLC
  12. 2022-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-01-13
    🔓
    Charge satisfied #4
  14. 2021-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2021-01-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2019-11-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2019-11-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2019-11-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2019-11-28
    🔓
    Charge satisfied #3
  20. 2019-11-28
    🔓
    Charge satisfied #2
  21. 2019-11-28
    🔓
    Charge satisfied #1
  22. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2019-09-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2019-09-24
    🔒
    Charge registered #4
    Lender: The Movie House Cinemas Limited
  25. 2016-09-30
    🔒
    Charge registered #3
    Lender: Mw Private Investors (Belfast Expedia 2) Limited (Registered Number 10216323) 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
  26. 2016-09-30
    🔒
    Charge registered #2
    Lender: Mw Private Investors (Belfast Expedia 2) Limited (Registered Number 10216323) 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
  27. 2016-09-23
    🔒
    Charge registered #1
    Lender: Mw Private Investors (Belfast Expedia 2) Limited (Registered Number 10216323) 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
  28. 2016-04-14
    🏢
    Company incorporated
    As EXPEDIA CAPITAL (PROPERTY NO 3) LIMITED
  29. 2016-04-14
    ➕
    SMYTH, Robert appointed
    secretary
  30. 2016-04-14
    ➕
    JOHNSTON, Alison Mary Louise appointed
    director
  31. 2016-04-14
    ➕
    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
ultimate parent
⬇
EXPEDIA CAPITAL (PROPERTY NO 3) LIMITED
This company · NI637801

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%75-100% shares · 75-100% voting · trust interest14/04/2016
Mr Colin James Johnston
Individual · British · DOB 06/1966 · age 60
——sig. influencesignificant influence14/04/2016

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
Incorporated2016-04-14
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: 2027-04-27
Last: 2026-04-13

Officers (3 active · 0 resigned)

SMYTH, Robert→
secretary · appointed 2016-04-14
View their other companies + combined net worth →
Active
JOHNSTON, Alison Mary Louise→
director · ~58y · appointed 2016-04-14
View their other companies + combined net worth →
Active
JOHNSTON, Colin James→
director · ~60y · appointed 2016-04-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Santander
Santander UK PLC
A registered charge1 property11/03/2022—
outstanding
Santander
Santander UK PLC
A registered charge1 property11/03/2022—
satisfied
The Movie House Cinemas
The Movie House Cinemas Limited
A registered charge3 properties24/09/201913/01/2022
satisfied
Mw Private Investors (Belfast Expedia 2) (Registered Number 10216323) 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 (Belfast Expedia 2) Limited (Registered Number 10216323) 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 properties30/09/201628/11/2019
satisfied
Mw Private Investors (Belfast Expedia 2) (Registered Number 10216323) 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 (Belfast Expedia 2) Limited (Registered Number 10216323) 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 properties30/09/201628/11/2019
satisfied
Mw Private Investors (Belfast Expedia 2) (Registered Number 10216323) 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 (Belfast Expedia 2) Limited (Registered Number 10216323) 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 properties23/09/201628/11/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

change-person-director-company-with-change-date
officers · CH01
2026-05-01
change-person-director-company-with-change-date
officers · CH01
2026-05-01
change-person-secretary-company-with-change-date
officers · CH03
2026-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-22
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-13