LESMAHAGOW LAND AND PROPERTY COMPANY LIMITED

🌳Matureactive
SC196694 · ltd · incorporated 1999-05-27
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
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 May 2025
Net worth
£252.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 77320Renting and leasing of construction and civil engineering machinery and equipment
Investor take
Pursue
Property-backed borrower with a 78-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · oldest 26.7y

65/100
clean up first

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

  • · Oldest live charge is 26.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
63 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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £252,056
Net assets shrinking
Down £3,351 YoY
Cash YoY
-14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↓ 14% YoY
Net Worth
£252k
↓ 1.3% YoY
Current Assets
£254k
↓ 1.8% YoY
Current Liabilities
—
£0£52k£103k£155k£207k£258kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£252.1k£255.4k
Current assets£253.7k£258.4k
Cash£17.3k£20.1k
Debtors£109.1k£111.0k
Net assets£252.1k£255.4k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-01-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2020-06-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-02-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-02-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-05-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2001-06-14
    ➖
    MEIKLE, William Ian resigned
    secretary
  18. 2000-09-23
    ➕
    MEIKLE, Denise appointed
    secretary
  19. 2000-01-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  20. 1999-09-23
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 1999-05-27
    🏢
    Company incorporated
    As LESMAHAGOW LAND AND PROPERTY COMPANY LIMITED
  22. 1999-05-27
    ➕
    MEIKLE, Colin Scott appointed
    director
  23. 1999-05-27
    ➕
    MEIKLE, William Ian appointed
    director
  24. 1999-05-27
    ➕
    MEIKLE, William Ian appointed
    secretary

Owner dependency

91/100
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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 78 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 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Ian Meikle
Individual · Scottish · DOB 04/1948 · age 78
50–75%
—50-75% shares06/04/2016
Mr Colin Scott Meikle
Individual · Scottish · DOB 07/1971 · age 55
25–50%
—25-50% shares06/04/2016

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

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
Incorporated1999-05-27
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

1a Milton Industrial Estate
Lesmahagow
Lanark
South Lanarkshire
ML11 0JN
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (3 active · 1 resigned)

MEIKLE, Denise→
secretary · appointed 2000-09-23
View their other companies + combined net worth →
Active
MEIKLE, Colin Scott→
director · ~55y · appointed 1999-05-27
View their other companies + combined net worth →
Active
MEIKLE, William Ian→
director · ~78y · appointed 1999-05-27
View their other companies + combined net worth →
Active
MEIKLE, William Ian→
secretary · appointed 1999-05-27 · resigned 2001-06-14
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/01/2000—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/09/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
change-person-director-company-with-change-date
officers · CH01
2021-01-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-06-05