ZERMATT PROPERTIES LIMITED

🌳Matureactive

SC111856 · ltd · incorporated 1988-06-23

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 Jun 2025

Net worth

£366.5k

book net assets

Opportunity

78/100

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 75-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 75). 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

7 live charges · 3 lenders · oldest 37.6y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 37.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

17 connected companies via shared directors

Filing history

101 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £366,518

Cash draining

Cash down 59% YoY

Cash YoY

-59%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£8k

↓ 59% YoY

Net Worth

£367k

↑ 7.1% YoY

Current Assets

£19k

↓ 20% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£456.5k	£462.3k
Current assets	£18.8k	£23.7k
Cash	£8.1k	£19.7k
Debtors	£10.8k	£4.0k
Net assets	£366.5k	£342.3k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-02-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-02
📄
change-person-director-company-with-change-date
officers · CH01
2018-11-02
📄
change-person-director-company-with-change-date
officers · CH01
2018-11-02
📄
change-person-secretary-company-with-change-date
officers · CH03
2018-03-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2017-03-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-01-11
🔒
Charge registered #7
Lender: Glasgow City Heritage Trust
2008-01-17
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2008-01-16
🔓
Charge satisfied #5
2008-01-16
🔓
Charge satisfied #1
2002-04-26
🔓
Charge satisfied #3
2002-04-26
🔓
Charge satisfied #2
1994-02-02
🔓
Charge satisfied #4
1993-04-27
🔒
Charge registered #5
Lender: The Governor and Company of the Bank of Scotland
1989-12-06
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Scotland
1989-06-01
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
1989-03-07
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1988-10-06
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1988-06-23
🏢
Company incorporated
As ZERMATT 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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

76/100

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 75 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 38 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Harvey Samuel Fields Individual · British · DOB 10/1954 · age 72	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Michael Henry Citron Individual · British · DOB 09/1951 · age 75	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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.

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Similar companies

Active · Property · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974	£117.8k £100.1k–£135.5k	—	£117.8k	—	52y	83	59y
CAIRN LETTING LIMITED→ SC210819 · est 2000	£40.0k £34.0k–£46.0k	—	£40.0k	—	25y	83	58y
AR (WELLMEADOW) LTD→ SC393743 · est 2011	£5.0k £4.2k–£5.7k	—	£5.0k	—	15y	83	59y
AMBASSADOR REAL ESTATE INVESTMENTS LTD→ SC393740 · est 2011	£100 £85–£115	—	£100	—	15y	83	59y
HOWE STREET PROPERTIES LIMITED→ SC435893 · est 2012	—	£24.9k	—	0	13y	84	65y
ROSS & LIDDELL LIMITED→ SC097770 · est 1986	—	—	—	100	40y	84	60y
AEROBLUE LIMITED→ SC185922 · est 1998 · no financials extracted	—	—	—	—	28y	83	73y
BALMORE ESTATES LIMITED→ SC435326 · est 2012	—	—	—	300	13y	83	60y
BEARSDEN SOLUTIONS LTD→ SC394655 · est 2011	—	—	—	100	15y	83	60y
BROOMPARK DEVELOPMENTS LIMITED→ SC156310 · est 1995 · no financials extracted	—	—	—	—	31y	83	85y
YELLOW BIRD ASSETS LTD→ SC841684 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ZAINABMATLOOB LTD→ SC852852 · est 2025 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated1988-06-23

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

5 Fitzroy Place

Glasgow

G3 7RH

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-11-04

Last: 2025-10-21

Officers (3 active · 0 resigned)

CITRON, Michael Henry→

secretary

View their other companies + combined net worth →

Active

CITRON, Michael Henry→

director · ~75y

View their other companies + combined net worth →

Active

FIELDS, Harvey Samuel→

director · ~72y

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
outstanding	Glasgow City Heritage Trust	Standard security	2 properties	11/01/2010	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	17/01/2008	—
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Floating charge	1 property	27/04/1993	16/01/2008
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	06/12/1989	02/02/1994
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	01/06/1989	26/04/2002
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	07/03/1989	26/04/2002
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	06/10/1988	16/01/2008

Click column headers to sort. Use filters above to narrow by status and lender.