RESTENNETH PROPERTIES LIMITED

🌳Matureactive
SC055768 · ltd · incorporated 1974-06-03
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 50.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 81-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 50.8y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 50.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (24 events)Click to expand
  1. 2025-05-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-04-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-04-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-08-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2020-08-27
    🔓
    Charge satisfied #3
  8. 2020-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-07-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-05-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-04-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-05-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-05-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-07-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 1998-02-10
    ➕
    JENKINS, Maryanne Lucy appointed
    director
  19. 1998-02-10
    ➕
    KELSO, Heather Raynor appointed
    director
  20. 1990-02-05
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  21. 1989-12-25
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 1982-08-30
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 1975-08-05
    🔒
    Charge registered #1
    Lender: The Halifax Building Society
  24. 1974-06-03
    🏢
    Company incorporated
    As RESTENNETH PROPERTIES LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Lt Colonel Grenville Shaw Johnston
Individual · British · DOB 01/1945 · age 81
25–50%
—25-50% shares10/01/2017

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
Incorporated1974-06-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Spynie Kirk House
Quarrywood
Elgin
Moray
IV30 8XJ

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-22
Last: 2025-05-08

Officers (5 active · 0 resigned)

JOHNSTON, Marylyn Jean→
secretary
View their other companies + combined net worth →
Active
JENKINS, Maryanne Lucy→
director · ~49y · appointed 1998-02-10
View their other companies + combined net worth →
Active
JOHNSTON, Grenville Shaw, Lt Colonel→
director · ~81y
View their other companies + combined net worth →
Active
JOHNSTON, Marylyn Jean→
director · ~80y
View their other companies + combined net worth →
Active
KELSO, Heather Raynor→
director · ~52y · appointed 1998-02-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties05/02/1990—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property25/12/198927/08/2020
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property30/08/1982—
outstanding
Lloyds Banking Group
The Halifax Building Society
Standard security1 property05/08/1975—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-14
mortgage-satisfy-charge-full
mortgage · MR04
2020-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-11