LEWIS SALMON LIMITED

🌳Matureactive
SC090546 · ltd · incorporated 1984-11-14
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
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Turnover
—
year to Jun 2025
Net worth
£440.6k
book net assets
Opportunity
77/100
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
Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 69). 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

5 live charges · 3 lenders · oldest 41.4y

35/100
too messy

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

  • · Oldest live charge is 41.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 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
1 connected companies via shared directors
48
Filing history
95 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
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £440,585

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£441k
↑ 16% YoY
Current Assets
£574
↓ 51% YoY
Current Liabilities
—
£0£88k£176k£264k£352k£441kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£440.6k£381.4k
Current assets£574£1.2k
Net assets£440.6k£381.4k

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 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-02-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2013-07-22
    🔓
    Charge satisfied #2
  17. 2006-07-18
    🔒
    Charge registered #5
    Lender: Trouw (UK) Limited
  18. 2005-04-15
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  19. 2001-11-22
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  20. 1994-08-18
    🔓
    Charge satisfied #1
  21. 1987-03-25
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 1985-02-22
    🔒
    Charge registered #1
    Lender: The Highlands and Islands Development Board
  23. 1984-11-14
    🏢
    Company incorporated
    As LEWIS SALMON LIMITED

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lewis Finlayson Macleod
Individual · British · DOB 11/1957 · age 69
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Margaret Etta Macleod
Individual · British · DOB 07/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1984-11-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Lower Sandwick
Stornoway
Isle Of Lewis
HS2 0AE

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-29
Last: 2025-11-15

Officers (3 active · 0 resigned)

MACLEOD, Margaret Etta→
secretary
View their other companies + combined net worth →
Active
MACLEOD, Lewis Finlayson→
director · ~69y
View their other companies + combined net worth →
Active
MACLEOD, Margaret Etta→
director · ~67y
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Trouw (UK)
Trouw (UK) Limited
Bond & floating charge1 property18/07/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Statutory mortgage1 property15/04/2005—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/11/2001—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/03/198722/07/2013
satisfied
The Highlands and Islands Development Board
Instrument of charge1 property22/02/198518/08/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-29