INCORPORATE PROPERTIES LIMITED

💤Zombieactive
NI695957 · ltd · incorporated 2023-04-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (74/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2024-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-10-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2024-09-03
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2024-09-03
    📄
    memorandum-articles
    incorporation · MA
  6. 2024-08-01
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2023-04-03
    🏢
    Company incorporated
    As INCORPORATE PROPERTIES LIMITED
  8. 2023-04-03
    KERR, John Robert Henderson appointed
    director
  9. 2023-04-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-08-01: certificate-change-of-name-company

Group structure

Jrhk Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Jrhk Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
INCORPORATE PROPERTIES LIMITED
This company · NI695957

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Jrhk Holdings Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/04/2023

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

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.

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Company details

Statusactive
Typeltd
Incorporated2023-04-03
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

16 Wellington Park
Belfast
BT9 6DJ
Northern Ireland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04

Officers (1 active · 0 resigned)

KERR, John Robert Henderson
director · ~57y · appointed 2023-04-03
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-10-09
accounts-with-accounts-type-dormant
accounts · AA
2024-12-09
change-account-reference-date-company-previous-extended
accounts · AA01
2024-10-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-04
resolution
resolution · RESOLUTIONS
2024-09-03
memorandum-articles
incorporation · MA
2024-09-03
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
incorporation-company
incorporation · NEWINC
2023-04-03