CITY LETS (GLASGOW) LIMITED
🌳Matureactive
SC160734 · ltd · incorporated 1995-09-29
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 27.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£627.8k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 87-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 87). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · oldest 27.0y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 27.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (80/100)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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
85 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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £627,798
Net assets shrinking
Down £5,669 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£628k
~ YoY
Current Assets
£253k
↓ 2.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £862.6k | £876.5k |
| Current assets | £253.1k | £258.6k |
| Net assets | £627.8k | £633.5k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-05-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-05-19🔓Charge satisfied #1
- 2018-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2017-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2016-10-07🔓Charge satisfied #2
- 2009-03-11➕STEWART, Alyson Jane appointeddirector
- 2009-03-11➕STEWART, Gary appointeddirector
- 2000-03-08🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1999-04-28🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1995-09-29🏢Company incorporatedAs CITY LETS (GLASGOW) LIMITED
- 1995-09-29➕STEWART, Janette appointedsecretary
- 1995-09-29➕STEWART, Norman Mcculloch appointeddirector
- 1995-09-29➕REID, Brian appointednominee-secretary
- 1995-09-29➖REID, Brian resignednominee-secretary
- 1995-09-29➕MABBOTT, Stephen appointednominee-director
- 1995-09-29➖MABBOTT, Stephen resignednominee-director
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 31 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 candidateStrong 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 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Alyson Jane Stewart Individual · British · DOB 12/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 04/10/2018 |
Mr Gary Stewart Individual · British · DOB 03/1973 · age 53 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 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.
See pricing →Similar companies
Active · Property · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BSB99 LTD→ SC646404 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BURNBANK 1775 LIMITED→ SC555748 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CAMPBELL PROPERTY SOLUTIONS LTD→ SC841841 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CAMPHILL VENTURES LTD→ SC837389 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CASA ESTATE AGENTS (SCOTLAND) LTD→ SC677785 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CHATCO LIMITED→ SC313959 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| CJB RENTALS LTD→ SC867665 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CKK PROPERTY LTD→ SC772941 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CLADAN PROPERTY LIMITED→ SC651052 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CLADEL DEVELOPMENTS (SCOTLAND) LTD→ SC882008 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CLAN PROPERTY LTD→ SC756306 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| CLAN PROPERTY MANAGEMENT LTD→ SC842373 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1995-09-29
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
9 Glasgow Road
Paisley
PA1 3QS
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29
Officers (4 active · 2 resigned)
Active
STEWART, Alyson Jane→
Activedirector · ~57y · appointed 2009-03-11
View their other companies + combined net worth →
STEWART, Gary→
Activedirector · ~53y · appointed 2009-03-11
View their other companies + combined net worth →
STEWART, Norman Mcculloch→
Activedirector · ~87y · appointed 1995-09-29
View their other companies + combined net worth →
REID, Brian→
Resignednominee-secretary · appointed 1995-09-29 · resigned 1995-09-29
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1995-09-29 · resigned 1995-09-29
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 08/03/2000 | 07/10/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/04/1999 | 19/05/2018 |
Recent filings (85 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-04
change-person-director-company-with-change-date
officers · CH01
2024-10-04
change-person-director-company-with-change-date
officers · CH01
2024-10-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-04
change-person-director-company-with-change-date
officers · CH01
2024-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-05