LEESON STREET PROJECTS LTD
🌿Early-stageactive
NI689468 · ltd · incorporated 2022-07-04
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 Jul 2024
Net worth
£186.6k
book net assets
Opportunity
76/100
Strong
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
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 76/100 (strong), bankability 62/100. 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 · 2 lenders · oldest 3.3y
40/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~3.3 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
5 active PSC(s) of 5 total, 5 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
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 declaredPositive net assets
Net assets £186,606
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£187k
Current Assets
£3.1m
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 |
|---|---|
| Total assets | £11.29M |
| Current assets | £3.09M |
| Net assets | £186.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
4
filings
- • 2 mortgage
- • 1 incorporation
- • 1 resolution
Last 90 days
4
filings
- • 2 mortgage
- • 1 incorporation
- • 1 resolution
Last 180 days
5
filings
- • 2 mortgage
- • 1 incorporation
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-05-13📄memorandum-articlesincorporation · MA
- 2026-05-13📄resolutionresolution · RESOLUTIONS
- 2026-05-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-30🔒Charge registered #3Lender: National Westminster Bank PLC (Trading as Ulster Bank)
- 2026-04-30🔒Charge registered #2Lender: National Westminster Bank PLC (Trading as Ulster Bank)
- 2025-08-20📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-08-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-24🔒Charge registered #1Lender: Alison Frost
- 2022-12-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-12-20📄memorandum-articlesincorporation · MA
- 2022-12-20📄resolutionresolution · RESOLUTIONS
- 2022-12-20📄resolutionresolution · RESOLUTIONS
- 2022-12-20📄resolutionresolution · RESOLUTIONS
- 2022-12-20📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2022-12-20📄capital-name-of-class-of-sharescapital · SH08
- 2022-12-08➕RANKIN FROST, Alison Anne appointeddirector
- 2022-12-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-07-04🏢Company incorporatedAs LEESON STREET PROJECTS LTD
- 2022-07-04➕MARTIN, Gary Michael appointeddirector
- 2022-07-04➕MARTIN, Michael Gerard appointeddirector
- 2022-07-04➕MARTIN, Paul Gavin appointeddirector
- 2022-07-04📄incorporation-companyincorporation · NEWINC
Owner dependency
56/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️significant stake
Beechlands Enterprises Ltd
Corporate parent · holds 25-50% shares · board control
🏛️significant stake
Victoria Property Holdings Ltd
Corporate parent · holds 25-50% shares · board control
⬇
LEESON STREET PROJECTS LTD
This company · NI689468
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
5 active beneficial owners · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Beechlands Enterprises Ltd Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/12/2022 |
Victoria Property Holdings Ltd Corporate entity | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 04/07/2022 |
Mr Paul Gavin Martin Individual · Northern Irish · DOB 01/1985 · age 41 | — | — | board controlboard control | 04/07/2022 |
Mr Gary Michael Martin Individual · Northern Irish · DOB 05/1988 · age 38 | — | — | board controlboard control | 04/07/2022 |
Mr Michael Gerard Martin Individual · British · DOB 12/1993 · age 33 | — | — | board controlboard control | 04/07/2022 |
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 · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROAD ENTERPRISES LIMITED→ NI024814 · est 1990 | £2.12M £1.80M–£2.43M | — | £2.12M | — | 35y | 83 | 64y |
| BALLYMONEY HILL ESTATES LTD→ NI049964 · est 2004 | £776.0k £659.6k–£892.4k | — | £776.0k | — | 22y | 83 | 70y |
| CATHERWOOD ESTATES (BELFAST) LIMITED→ NI005465 · est 1963 | £361.5k £307.3k–£415.8k | — | £361.5k | — | 63y | 83 | 64y |
| CARLISLE ROAD PROPERTIES LIMITED→ NI056605 · est 2005 | £333.2k £283.2k–£383.2k | — | £333.2k | — | 20y | 83 | 86y |
| BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998 | £236.5k £201.0k–£271.9k | — | £236.5k | — | 27y | 83 | 86y |
| CASTLE DEVELOPMENTS (LISBURN) LIMITED→ NI064226 · est 2007 | £208.9k £177.6k–£240.2k | — | £208.9k | — | 19y | 83 | 61y |
| COAGH & DISTRICT DEVELOPMENT ASSOCIATION LIMITED→ NI030106 · est 1995 | £205.6k £174.8k–£236.5k | — | £205.6k | — | 30y | 83 | 74y |
| BESSBROOK DEVELOPMENT COMPANY LIMITED→ NI027239 · est 1993 | £158.2k £134.5k–£182.0k | — | £158.2k | — | 33y | 83 | 94y |
| DERG VALLEY PROPERTIES LIMITED→ NI046303 · est 2003 | £145.5k £123.6k–£167.3k | — | £145.5k | — | 23y | 83 | 75y |
| ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→ NI020714 · est 1987 | £141.8k £120.5k–£163.0k | — | £141.8k | — | 38y | 83 | 78y |
| CLOGHER VALLEY PROPERTIES LIMITED→ NI029266 · est 1995 | £106.5k £90.5k–£122.4k | — | £106.5k | — | 31y | 83 | 77y |
| DESERTMARTIN COMMUNITY DEVELOPMENTS LTD→ NI038420 · est 2000 | £56.8k £48.3k–£65.3k | — | £56.8k | — | 26y | 83 | 84y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2022-07-04
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate
Registered office
35a Talbot Park Talbot Park
Londonderry
BT48 7SZ
Northern Ireland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-12-29
Last: 2025-12-15
Officers (4 active · 0 resigned)
MARTIN, Gary Michael→
Activedirector · ~38y · appointed 2022-07-04
View their other companies + combined net worth →
MARTIN, Michael Gerard→
Activedirector · ~33y · appointed 2022-07-04
View their other companies + combined net worth →
MARTIN, Paul Gavin→
Activedirector · ~41y · appointed 2022-07-04
View their other companies + combined net worth →
RANKIN FROST, Alison Anne→
Activedirector · ~64y · appointed 2022-12-08
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group National Westminster Bank PLC (Trading as Ulster Bank) | A registered charge | 3 properties | 30/04/2026 | — | |
| outstanding | NatWest Group National Westminster Bank PLC (Trading as Ulster Bank) | A registered charge | — | 30/04/2026 | — | |
| outstanding | Alison Frost / Tim Frost | A registered charge | 1 property | 24/02/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
memorandum-articles
incorporation · MA
2026-05-13
resolution
resolution · RESOLUTIONS
2026-05-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-16
change-account-reference-date-company-current-extended
accounts · AA01
2025-08-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-20