CARTHON LETS LIMITED
🌳Matureactive
SC174700 · ltd · incorporated 1997-04-21
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 27.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£350.1k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 79-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 6 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
10 live charges · 2 lenders · oldest 27.7y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 6 with DOB)
82
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
92 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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £350,107
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£350k
↑ 30% YoY
Current Assets
£176k
↑ 2218% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £361.4k | £290.6k |
| Current assets | £175.8k | £7.6k |
| Net assets | £350.1k | £269.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (48 events)Click to expand
- 2025-10-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-10🔓Charge satisfied #2
- 2023-04-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-17🔓Charge satisfied #4
- 2022-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-07📄capital-allotment-sharescapital · SH01
- 2022-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-01➕HOUSTON, Kerri appointeddirector
- 2021-11-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-15📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2020-05-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-05-04📄capital-allotment-sharescapital · SH01
- 2019-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-12-12➕DOCHERTY, Alastair Andrew appointeddirector
- 2019-12-12➕DOCHERTY, Christopher Pollock appointeddirector
- 2019-12-12➕DOCHERTY, Iona Gail appointeddirector
- 2019-12-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-25🔓Charge satisfied #10
- 2017-01-19🔓Charge satisfied #9
- 2012-01-30🔒Charge registered #10Lender: Lloyds Tsb Scotland PLC
- 2012-01-12🔒Charge registered #9Lender: Lloyds Tsb Scotland PLC
- 2009-06-23🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2008-05-23➖DOCHERTY, John Guthrie resignedsecretary
- 2008-04-21➖DOCHERTY, John Guthrie resigneddirector
- 2006-05-19🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2003-11-04➖DOCHERTY, Janette resignedsecretary
- 2003-11-04➕DOCHERTY, John Guthrie appointedsecretary
- 2003-06-27🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2003-02-21🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2003-02-05🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2001-04-18🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2000-01-28🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1998-08-18🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1997-04-28➖MESSRS KIDSTONS AND CO resignedcorporate-secretary
- 1997-04-21🏢Company incorporatedAs CARTHON LETS LIMITED
- 1997-04-21➕DOCHERTY, Janette appointeddirector
- 1997-04-21➕DOCHERTY, Janette appointedsecretary
- 1997-04-21➕MESSRS KIDSTONS AND CO appointedcorporate-secretary
- 1997-04-21➕DOCHERTY, John Guthrie appointeddirector
- 1997-04-21➕KIDSTONS & CO SOLICITORS appointedcorporate-director
- 1997-04-21➖KIDSTONS & CO SOLICITORS resignedcorporate-director
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — 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 79 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AYRSHIRE LETTING LTD→ SC800075 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BLUE FISH PROPERTY LTD→ SC824241 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BONNIE ABODES LTD→ SC823028 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BOYD & SONS LTD→ SC737699 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BURNS DEVELOPMENTS LIMITED→ SC187997 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| C & K WEIR PROPERTY LIMITED→ SC568194 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| C BRYAN PROPERTIES LIMITED→ SC821829 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CAPITAL ESTATES (SCOTLAND) LIMITED→ SC516776 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CARLYLE PORTFOLIO LIMITED→ SC367937 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| CAROIS PRIVATE LIMITED→ SC777773 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CASA MCMILLAN LTD→ SC667712 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CASTLE TOWER PROPERTY LIMITED→ SC755575 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1997-04-21
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis
Registered office
27 Fullarton Crescent
Troon
Ayrshire
KA10 6LL
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-30
Last: 2025-04-16
Officers (5 active · 5 resigned)
DOCHERTY, Alastair Andrew→
Activedirector · ~46y · appointed 2019-12-12
View their other companies + combined net worth →
DOCHERTY, Christopher Pollock→
Activedirector · ~50y · appointed 2019-12-12
View their other companies + combined net worth →
DOCHERTY, Iona Gail→
Activedirector · ~44y · appointed 2019-12-12
View their other companies + combined net worth →
DOCHERTY, Janette→
Activedirector · ~79y · appointed 1997-04-21
View their other companies + combined net worth →
HOUSTON, Kerri→
Activedirector · ~48y · appointed 2022-03-01
View their other companies + combined net worth →
DOCHERTY, Janette→
Resignedsecretary · appointed 1997-04-21 · resigned 2003-11-04
DOCHERTY, John Guthrie→
Resignedsecretary · appointed 2003-11-04 · resigned 2008-05-23
MESSRS KIDSTONS AND CO→
Resignedcorporate-secretary · appointed 1997-04-21 · resigned 1997-04-28
DOCHERTY, John Guthrie→
Resigneddirector · ~89y · appointed 1997-04-21 · resigned 2008-04-21
KIDSTONS & CO SOLICITORS→
Resignedcorporate-director · appointed 1997-04-21 · resigned 1997-04-21
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
6
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 30/01/2012 | 25/01/2017 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 12/01/2012 | 19/01/2017 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/06/2009 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 19/05/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 27/06/2003 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 21/02/2003 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/02/2003 | 17/04/2023 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 18/04/2001 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 28/01/2000 | 10/06/2023 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 18/08/1998 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-22
capital-allotment-shares
capital · SH01
2022-03-07
appoint-person-director-company-with-name-date
officers · AP01
2022-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-16