HARKSPACE LIMITED

🌳Matureactive

SC168826 · ltd · incorporated 1996-10-07

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 26.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£2.76M

book net assets

Opportunity

74/100

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

Special-situation opportunity

Distressed property with salvageable qualities — special-situations priority.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 26.9y

70/100

ready

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

· Oldest live charge is 26.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

13 connected companies via shared directors

Filing history

106 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

74/100Strong

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

Some moderate concerns — review 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 £2,763,992

Cash YoY

+6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£235k

↑ 6.3% YoY

Net Worth

£2.8m

↑ 2.3% YoY

Current Assets

£1.2m

↑ 4.9% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£2.77M	£2.71M
Current assets	£1.25M	£1.19M
Cash	£235.0k	£221.1k
Debtors	£1.01M	£970.0k
Net assets	£2.76M	£2.70M

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 confirmation-statement

Last 180 days

filings

• 8 mortgage
• 4 capital
• 2 resolution

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2026-01-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-30
🔓
Charge satisfied #9
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-29
🔓
Charge satisfied #8
2026-01-29
🔓
Charge satisfied #7
2026-01-29
🔓
Charge satisfied #6
2026-01-29
🔓
Charge satisfied #5
2026-01-29
🔓
Charge satisfied #3
2026-01-29
🔓
Charge satisfied #2
2026-01-29
🔓
Charge satisfied #1
2026-01-27
📄
memorandum-articles
incorporation · MA
2026-01-26
📄
resolution
resolution · RESOLUTIONS
2026-01-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-22
📄
capital-allotment-shares
capital · SH01
2026-01-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-22
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-01-22
📄
legacy
capital · SH20
2026-01-22
⚠️
legacy
insolvency · CAP-SS
2026-01-22
📄
resolution
resolution · RESOLUTIONS
2026-01-22
📄
capital-allotment-shares
capital · SH01
2025-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-21
🔓
Charge satisfied #4
2013-08-27
🔒
Charge registered #9
Lender: The Royal Bank of Scotland PLC
2012-04-23
🔒
Charge registered #8
Lender: Bank of Scotland PLC
2007-04-03
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2007-01-22
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2000-02-15
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2000-02-05
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2000-02-03
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1999-08-18
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1999-07-07
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1996-10-21
➕
NABI, Ghulam appointed
secretary
1996-10-21
➕
AHMAD, Mumtaz appointed
director
1996-10-21
➕
NABI, Ghulam appointed
director
1996-10-21
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1996-10-21
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1996-10-07
🏢
Company incorporated
As HARKSPACE LIMITED
1996-10-07
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1996-10-07
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

96/100

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 83 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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 high · 1 med ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-01-22: legacy

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.

Group structure

Mano Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Mano Holdings Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

HARKSPACE LIMITED

This company · SC168826

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mano Holdings Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	22/01/2026

1 historic (ceased) PSC

Mr Mumtaz Ahmadceased 22/01/2026· 25-50% shares

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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CALEDONIA WATERFRONT (HARBOUR ROAD) LIMITED→ SC345086 · est 2008	£623.3k £529.8k–£716.8k	—	£623.3k	—	17y	83	70y
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
CHARTWELL PROPERTY DEVELOPMENTS LIMITED→ SC075176 · est 1981	—	—	—	0	44y	83	61y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1996-10-07

Jurisdictionscotland

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

Registered office

C/O Ahmad & Nabi Mcmullan

3rd Floor

95-107 Lancefield Street

Glasgow

G3 8HZ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-15

Last: 2026-02-01

Officers (3 active · 2 resigned)

NABI, Ghulam→

secretary · appointed 1996-10-21

View their other companies + combined net worth →

Active

AHMAD, Mumtaz→

director · ~74y · appointed 1996-10-21

View their other companies + combined net worth →

Active

NABI, Ghulam→

director · ~83y · appointed 1996-10-21

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1996-10-07 · resigned 1996-10-21

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1996-10-07 · resigned 1996-10-21

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	27/08/2013	30/01/2026
satisfied	Lloyds Banking Group Bank of Scotland PLC	Standard security	1 property	23/04/2012	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	3 properties	03/04/2007	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	2 properties	22/01/2007	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	15/02/2000	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	05/02/2000	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	03/02/2000	21/08/2021
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	18/08/1999	29/01/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	07/07/1999	29/01/2026

Recent filings (106 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-09

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-30

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-29

memorandum-articles

incorporation · MA

2026-01-27

resolution

resolution · RESOLUTIONS

2026-01-26

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2026-01-23

capital-allotment-shares

capital · SH01

2026-01-22

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-01-22

capital-statement-capital-company-with-date-currency-figure

capital · SH19

2026-01-22