HERALDIC PROPERTIES LIMITED

🌳Matureactive

SC122533 · ltd · incorporated 1990-01-23

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

—

book net assets

Opportunity

76/100

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 87-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 87). 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

11 live charges · 3 lenders · oldest 35.9y

35/100

too messy

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

· Oldest live charge is 35.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

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

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

9 officers (5 active, 9 linked, 8 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

13 connected companies via shared directors

Filing history

126 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-01	2024-06-01
Total assets	—	£2.79M
Current assets	—	£1.93M
Cash	—	£2.1k
Debtors	—	£1.93M
Net assets	—	£2.79M
Average employees	0	—

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

🔒Filing-note intelligence

2 signals 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 (45 events)Click to expand

2026-02-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-10-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-29
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-06-30
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-04-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-02-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
➖
DINARDO, Carlo resigned
director
2022-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-05-24
🔒
Charge registered #11
Lender: The Royal Bank of Scotland PLC
2016-05-24
🔒
Charge registered #10
Lender: The Royal Bank of Scotland PLC
2016-05-24
🔒
Charge registered #9
Lender: The Royal Bank of Scotland PLC
2016-05-23
🔒
Charge registered #8
Lender: The Royal Bank of Scotland PLC
2016-05-17
🔓
Charge satisfied #6
2016-05-17
🔓
Charge satisfied #1
2016-05-13
🔓
Charge satisfied #4
2016-05-13
🔓
Charge satisfied #5
2016-05-13
🔓
Charge satisfied #3
2016-05-13
🔓
Charge satisfied #2
2016-04-27
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2011-06-29
🔒
Charge registered #6
Lender: Clydesdale Bank PLC
1998-04-10
➖
SMITH, James Haddo Granger resigned
director
1997-06-01
➕
DINARDO, Karen Rutherford appointed
director
1995-12-29
➖
COLL, Brian Patrick resigned
director
1995-08-14
➖
CRUDEN, Alan Ferguson resigned
director
1993-06-09
➕
DINARDO, Irene Rutherford appointed
director
1993-06-09
➕
DINARDO, Lorraine Ruth Bathgate, Dr appointed
director
1993-06-09
➕
DINARDO, Mark Douglas Antonine appointed
director
1993-06-04
🔒
Charge registered #4
Lender: Clydesdale Bank Public Limited Company
1992-02-11
🔒
Charge registered #5
Lender: Clydesdale Bank Public Limited Company
1991-03-27
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
1990-06-15
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1990-05-30
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1990-04-05
➕
DINARDO, Mark Douglas Antonine appointed
secretary
1990-04-05
➕
COLL, Brian Patrick appointed
director
1990-04-05
➕
DINARDO, Carlo appointed
director
1990-04-05
➕
SMITH, James Haddo Granger appointed
director
1990-01-23
🏢
Company incorporated
As HERALDIC 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 33 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 87 — 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 87 years old. Natural succession window is now.
primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 36 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

1 med · 1 low

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Mark Douglas Antonine Dinardo Individual · British · DOB 04/1967 · age 59	25–50%	—	25-50% shares	27/10/2024
Miss Karen Rutherford Dinardo Individual · British · DOB 10/1965 · age 61	25–50%	—	25-50% shares	27/10/2024
Mrs Irene Rutherford Dinardo Individual · British · DOB 03/1939 · age 87	25–50%	—	25-50% shares	10/01/2017

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 →

Similar companies

Active · Property · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ELLA & LEWIS PROPERTIES LTD→ SC801222 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
F&F CAMPBELTOWN LTD→ SC868782 · est 2025 · no financials extracted	—	—	—	—	—	—	—
GARELOCH VIEW LIMITED→ SC401711 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
GLASCHU LETS LTD→ SC838388 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
GUNN GROUP LTD→ SC856853 · est 2025 · no financials extracted	—	—	—	—	—	—	—
HARBOR PROPERTY (SCOTLAND) LIMITED→ SC491291 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
HIHA LIMITED→ SC557551 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
HILL DRYBURGH LIMITED→ SC808230 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
HKPA PROPERTIES LIMITED→ SC643066 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
HOMES FOR SAPIENS SOURCING LTD→ SC690691 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
HOMES FOR SAPIENS SUITES LTD→ SC884422 · est 2026 · no financials extracted	—	—	—	—	—	—	—
HOMES SCOTLAND LETTINGS LTD→ SC479469 · est 2014 · no financials extracted	—	—	—	—	11y	—	—

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

Incorporated1990-01-23

Jurisdictionscotland

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

Registered office

119 Renfrew Road

Paisley

PA3 4EA

Filing status

Accounts

Next due: 2027-03-01

Last made up to: 2025-06-01

Confirmation statement

Next due: 2026-11-12

Last: 2025-10-29