WORDIE PROPERTIES LIMITED

🌳Matureactive

SC187863 · ltd · incorporated 1998-07-23

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

75/100

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

Property-backed borrower with a 70-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 70). Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

72 live charges · 9 lenders · oldest 26.9y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 26.9 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

72 charges (72/72 with lender, 72/72 with type)

Directors & officers

16 officers (6 active, 16 linked, 11 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

9 connected companies via shared directors

Filing history

244 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 accounts
• 1 officers

Counts from Companies House filing history.

Corporate timeline (159 events)Click to expand

2025-12-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-25
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-14
🔒
Charge registered #72
Lender: Lloyds Bank Corporate Markets PLC
2025-01-14
🔒
Charge registered #71
Lender: Bank of Scotland PLC
2025-01-13
🔒
Charge registered #70
Lender: Lloyds Bank Corporate Markets PLC
2025-01-13
🔒
Charge registered #69
Lender: Bank of Scotland PLC
2025-01-09
➕
WORDIE, James Thompson appointed
director
2025-01-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-07
🔓
Charge satisfied #31
2023-11-07
🔓
Charge satisfied #30
2023-09-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-18
🔓
Charge satisfied #56
2023-07-24
📄
change-person-director-company-with-change-date
officers · CH01
2023-07-24
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-25
🔓
Charge satisfied #41
2022-12-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-22
🔒
Charge registered #68
Lender: Lloyds Bank Corporate Markets PLC
2022-12-22
🔒
Charge registered #67
Lender: Bank of Scotland PLC
2022-12-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-13
➕
CHARTERS, Andrew David appointed
secretary
2022-10-13
➖
HORTON, Kenneth James resigned
secretary
2022-10-13
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-10-13
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-09-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-12
🔓
Charge satisfied #48
2022-08-18
📄
memorandum-articles
incorporation · MA
2022-06-22
🔒
Charge registered #66
Lender: Bank of Scotland PLC
2022-06-22
🔒
Charge registered #65
Lender: Bank of Scotland PLC
2022-06-09
🔒
Charge registered #64
Lender: Lloyds Bank Corporate Markets PLC
2022-06-09
🔒
Charge registered #63
Lender: Lloyds Bank Corporate Market PLC
2022-06-09
🔒
Charge registered #62
Lender: Bank of Scotland PLC
2022-06-09
🔒
Charge registered #61
Lender: Bank of Scotland PLC
2022-05-31
🔒
Charge registered #60
Lender: Bank of Scotland PLC
2022-05-31
🔒
Charge registered #59
Lender: Lloyds Bank Corporate Markets PLC
2022-05-03
🔓
Charge satisfied #29
2022-04-14
➕
GARDINER, John appointed
director
2022-04-06
🔒
Charge registered #58
Lender: Lloyds Bank Corporate Markets PLC
2022-03-21
🔒
Charge registered #57
Lender: Bank of Scotland PLC
2022-01-19
🔒
Charge registered #56
Lender: Almscliffe Dhesi Developments (2) Limited
2021-12-09
➖
STANISTREET, Nigel David Alexander resigned
director

Showing most recent 50 of 159 events

Owner dependency

88/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "WORDIE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 70 years old. Natural succession window is now.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

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.

34 live charges

low

Heavily 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusactive

Typeltd

Incorporated1998-07-23

Jurisdictionscotland

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

Registered office

208 West George Street

Glasgow

G2 2PQ

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-08-06

Last: 2025-07-23