NMS PORTFOLIO LIMITED

🌳Matureactive
SC168894 · ltd · incorporated 1996-10-09
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.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Bankability: 65 → 75
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 28.8y old — refinance window within 12 months
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Bankability: 65 → 75
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 Dec 2024
Net worth
£808.0k
book net assets
Opportunity
80/100
Exceptional
🔔
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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 75-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 28.8y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 28.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
11 officers (5 active, 11 linked, 9 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
101 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
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red 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 £808,045

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£808k
↑ 3.7% YoY
Current Assets
£12k
↓ 44% YoY
Current Liabilities
—
£0£162k£323k£485k£646k£808kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.16M£1.16M
Current assets£12.4k£22.2k
Net assets£808.0k£779.1k

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 mortgage
Last 90 days
2
filings
  • • 1 mortgage
  • • 1 address
Last 180 days
2
filings
  • • 1 mortgage
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-07-01
    🔓
    Charge satisfied #2
  3. 2026-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-11-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-11-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-11-04
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  7. 2025-07-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2022-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2020-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2019-09-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-02-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2013-03-30
    ➕
    WILSON, John Andrew appointed
    director
  18. 2011-10-01
    ➕
    MACDONALD, David Cameron appointed
    director
  19. 2009-03-06
    ➖
    MERSEY, Scott Robert resigned
    director
  20. 2007-11-07
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  21. 2007-05-11
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  22. 2005-10-29
    🔓
    Charge satisfied #1
  23. 2004-09-30
    ➖
    MACDONALD, David Cameron resigned
    director
  24. 2004-09-30
    ➖
    WATT, Andrew resigned
    director
  25. 2004-09-30
    ➖
    WILSON, John Andrew resigned
    director
  26. 2004-08-26
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  27. 2004-07-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 2004-05-31
    ➕
    WATT, Andrew appointed
    director
  29. 2004-04-19
    ➕
    MACDONALD, David Cameron appointed
    secretary
  30. 2004-04-19
    ➖
    WATT, Kenneth James resigned
    secretary
  31. 2004-03-31
    ➕
    BLUE, John appointed
    director
  32. 2004-03-31
    ➕
    MERSEY, Scott Robert appointed
    director
  33. 2004-03-31
    ➕
    WILSON, John Andrew appointed
    director
  34. 2003-11-30
    ➕
    MACDONALD, David Cameron appointed
    director
  35. 2001-01-19
    ➖
    YOUNG, Derek Thomas resigned
    director
  36. 1997-09-22
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 1996-10-09
    🏢
    Company incorporated
    As NMS PORTFOLIO LIMITED
  38. 1996-10-09
    ➕
    WATT, Kenneth James appointed
    director
  39. 1996-10-09
    ➕
    WATT, Kenneth James appointed
    secretary
  40. 1996-10-09
    ➕
    YOUNG, Derek Thomas appointed
    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
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

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 75 years old. Natural succession window is now.
  • 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 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kenneth James Watt
Individual · British · DOB 04/1966 · age 60
—25–50%25-50% voting30/09/2018
Mr David Cameron Macdonald
Individual · British · DOB 05/1959 · age 67
—25–50%25-50% voting30/09/2018

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 →

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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
Incorporated1996-10-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Unit 7le Westway
Porterfield Road
Renfrew
PA4 8DJ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (5 active · 6 resigned)

MACDONALD, David Cameron→
secretary · appointed 2004-04-19
View their other companies + combined net worth →
Active
BLUE, John→
director · ~75y · appointed 2004-03-31
View their other companies + combined net worth →
Active
MACDONALD, David Cameron→
director · ~67y · appointed 2011-10-01
View their other companies + combined net worth →
Active
WATT, Kenneth James→
director · ~60y · appointed 1996-10-09
View their other companies + combined net worth →
Active
WILSON, John Andrew→
director · ~71y · appointed 2013-03-30
View their other companies + combined net worth →
Active
WATT, Kenneth James→
secretary · appointed 1996-10-09 · resigned 2004-04-19
Resigned
MACDONALD, David Cameron→
director · ~67y · appointed 2003-11-30 · resigned 2004-09-30
Resigned
MERSEY, Scott Robert→
director · ~57y · appointed 2004-03-31 · resigned 2009-03-06
Resigned
WATT, Andrew→
director · ~64y · appointed 2004-05-31 · resigned 2004-09-30
Resigned
WILSON, John Andrew→
director · ~71y · appointed 2004-03-31 · resigned 2004-09-30
Resigned
YOUNG, Derek Thomas→
director · ~58y · appointed 1996-10-09 · resigned 2001-01-19
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property07/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/05/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property26/08/2004—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property16/07/200401/07/2026
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property22/09/199729/10/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-07-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-04
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-30