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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.1y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£622.8k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-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 27.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 27.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (86/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
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
86 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 £622,778
Net assets shrinking
Down £5,020 YoY

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£623k
~ YoY
Current Assets
£262k
↑ 3.6% YoY
Current Liabilities
—
£0£127k£253k£380k£507k£633kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-302023-09-30
Total assets£860.4k£862.6k£876.5k
Current assets£262.3k£253.1k£258.6k
Net assets£622.8k£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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-06-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-10-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-06-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-10-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2018-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2018-05-19
    🔓
    Charge satisfied #1
  16. 2018-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2017-09-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2016-10-07
    🔓
    Charge satisfied #2
  19. 2009-03-11
    ➕
    STEWART, Alyson Jane appointed
    director
  20. 2009-03-11
    ➕
    STEWART, Gary appointed
    director
  21. 2000-03-08
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 1999-04-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 1995-09-29
    🏢
    Company incorporated
    As CITY LETS (GLASGOW) LIMITED
  24. 1995-09-29
    ➕
    STEWART, Janette appointed
    secretary
  25. 1995-09-29
    ➕
    STEWART, Norman Mcculloch appointed
    director
  26. 1995-09-29
    ➕
    REID, Brian appointed
    nominee-secretary
  27. 1995-09-29
    ➖
    REID, Brian resigned
    nominee-secretary
  28. 1995-09-29
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  29. 1995-09-29
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

83/100
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
  • +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 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 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Ms Alyson Jane Stewart
Individual · British · DOB 12/1969 · age 57
25–50%
25–50%board control25-50% shares · 25-50% voting · board control04/10/2018
Mr Gary Stewart
Individual · British · DOB 03/1973 · age 53
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
AKZ PROPERTIES LIMITED→
SC198072 · est 1999
£2.10M
£1.78M–£2.41M
—£2.10M—26y8283y
NMS PORTFOLIO LIMITED→
SC168894 · est 1996
£808.0k
£686.8k–£929.3k
—£808.0k—29y8375y
KENTALLEN ADVENTURE LTD.→
SC290827 · est 2005
£630.6k
£536.0k–£725.1k
—£630.6k—20y8268y
FERNOCH LIMITED→
SC301506 · est 2006
£593.0k
£504.0k–£681.9k
—£593.0k—20y8273y
D M & S PROPERTIES LTD.→
SC295500 · est 2006
£570.4k
£484.8k–£655.9k
—£570.4k—20y8278y
GREENPORT LIMITED→
SC300747 · est 2006
£532.4k
£452.6k–£612.3k
—£532.4k—20y8272y
COLPROP LIMITED→
SC151689 · est 1994
£531.5k
£451.8k–£611.2k
—£531.5k—31y8284y
D.N. MUNRO LIMITED→
SC273184 · est 2004
£420.7k
£357.6k–£483.9k
—£420.7k—21y8258y
CORBEN LTD→
SC174048 · est 1997
£218.8k
£186.0k–£251.6k
—£218.8k—29y8268y
CK HAIR LTD.→
SC194511 · est 1999
£153.0k
£130.0k–£175.9k
—£153.0k—27y8260y
MILLTROUT LIMITED→
SC203257 · est 2000
£143.4k
£121.9k–£164.9k
—£143.4k—26y8269y
QUINTUN LIMITED→
SC139990 · est 1992
£108.5k
£92.2k–£124.8k
—£108.5k—33y8288y
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: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (4 active · 2 resigned)

STEWART, Janette→
secretary · appointed 1995-09-29
View their other companies + combined net worth →
Active
STEWART, Alyson Jane→
director · ~57y · appointed 2009-03-11
View their other companies + combined net worth →
Active
STEWART, Gary→
director · ~53y · appointed 2009-03-11
View their other companies + combined net worth →
Active
STEWART, Norman Mcculloch→
director · ~87y · appointed 1995-09-29
View their other companies + combined net worth →
Active
REID, Brian→
nominee-secretary · appointed 1995-09-29 · resigned 1995-09-29
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1995-09-29 · resigned 1995-09-29
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property08/03/200007/10/2016
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property28/04/199919/05/2018

Recent filings (86 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-06-05
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