LBD LIMITED

🌳Matureactive

SC163986 · ltd · incorporated 1996-03-07

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 26.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£822.1k

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

Asset-holding vehicle with a 85-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 85). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 26.7y

70/100

ready

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

· Oldest live charge is 26.7 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

13 officers (3 active, 13 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

95 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 · FRS 102

Positive net assets

Net assets £822,140

Cash YoY

-5%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£37k

↓ 4.9% YoY

Net Worth

£822k

↑ 1.1% YoY

Current Assets

£57k

↑ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£822.9k	£816.7k
Current assets	£57.0k	£49.4k
Cash	£37.5k	£39.4k
Debtors	£19.6k	£10.0k
Net assets	£822.1k	£812.9k

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

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2025-06-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-06-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-06-05
🔓
Charge satisfied #4
2020-06-05
🔓
Charge satisfied #3
2019-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-10
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2018-12-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-05-10
➕
NASIR, Waheed appointed
director
2017-10-05
➖
NASIR, Waheed resigned
director
2017-10-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-08-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-06
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2017-06-01
➕
RAUF, Kauser appointed
director
2017-06-01
➖
NASIR, Waheed resigned
secretary
2017-06-01
➕
NASIR, Waheed appointed
director
2017-05-10
➕
BEGUM, Muniran appointed
director
2017-05-10
➖
ALI, Ahsan resigned
director
2006-01-18
➖
NABI, Ghulam resigned
secretary
2006-01-18
➕
NASIR, Waheed appointed
secretary
2001-03-06
🔓
Charge satisfied #1
2001-02-28
🔓
Charge satisfied #2
2001-02-26
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2001-02-08
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2000-10-04
➖
HENRY, Gordon William resigned
secretary
2000-10-04
➕
NABI, Ghulam appointed
secretary
2000-10-04
➕
ALI, Ahsan appointed
director
2000-10-04
➖
BROCK, Craig resigned
director
2000-10-04
➖
HENRY, Gordon William resigned
director
2000-10-04
➖
MUNN, Roisin Maura resigned
director
1999-10-14
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1999-09-17
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1996-03-07
🏢
Company incorporated
As LBD LIMITED
1996-03-07
➕
HENRY, Gordon William appointed
secretary
1996-03-07
➕
FIRST SCOTTISH SECRETARIES LIMITED appointed
corporate-nominee-secretary
1996-03-07
➖
FIRST SCOTTISH SECRETARIES LIMITED resigned
corporate-nominee-secretary
1996-03-07
➕
BROCK, Craig appointed
director
1996-03-07
➕
HENRY, Gordon William appointed
director
1996-03-07
➕
MUNN, Roisin Maura appointed
director
1996-03-07
➕
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
corporate-nominee-director
1996-03-07
➖
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
secondaryStable-but-static management: Company is 30 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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Muniran Begum Individual · British · DOB 01/1941 · age 85	50–75%	—	50-75% shares	01/03/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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
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
YCJB PROPERTY LTD→ SC833330 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
YELLOW BIRD ASSETS LTD→ SC841684 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ZAINABMATLOOB LTD→ SC852852 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ZATA INVESTMENTS LTD→ SC687373 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
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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

Incorporated1996-03-07

Jurisdictionscotland

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

Registered office

58 Merryton Avenue

Giffnock

Glasgow

G46 6DX

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-16

Last: 2025-11-02

Officers (3 active · 10 resigned)

BEGUM, Muniran→

director · ~85y · appointed 2017-05-10

View their other companies + combined net worth →

Active

NASIR, Waheed→

director · ~63y · appointed 2018-05-10

View their other companies + combined net worth →

Active

RAUF, Kauser→

director · ~65y · appointed 2017-06-01

View their other companies + combined net worth →

Active

HENRY, Gordon William→

secretary · appointed 1996-03-07 · resigned 2000-10-04

Resigned

NABI, Ghulam→

secretary · appointed 2000-10-04 · resigned 2006-01-18

Resigned

NASIR, Waheed→

secretary · appointed 2006-01-18 · resigned 2017-06-01

Resigned

FIRST SCOTTISH SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1996-03-07 · resigned 1996-03-07

Resigned

ALI, Ahsan→

director · ~83y · appointed 2000-10-04 · resigned 2017-05-10

Resigned

BROCK, Craig→

director · ~82y · appointed 1996-03-07 · resigned 2000-10-04

Resigned

HENRY, Gordon William→

director · ~73y · appointed 1996-03-07 · resigned 2000-10-04

Resigned

MUNN, Roisin Maura→

director · ~76y · appointed 1996-03-07 · resigned 2000-10-04

Resigned

NASIR, Waheed→

director · ~63y · appointed 2017-06-01 · resigned 2017-10-05

Resigned

FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→

corporate-nominee-director · appointed 1996-03-07 · resigned 1996-03-07

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	26/02/2001	05/06/2020
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	08/02/2001	05/06/2020
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	14/10/1999	28/02/2001
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	17/09/1999	06/03/2001

Recent filings (95 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-11-12

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-06-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-11-20

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-06-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-16

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2023-08-28

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2022-12-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-09

confirmation-statement-with-updates

confirmation-statement · CS01

2021-11-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-11

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-05-11

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-04-01

mortgage-satisfy-charge-full

mortgage · MR04

2020-06-05

mortgage-satisfy-charge-full

mortgage · MR04

2020-06-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-27