CLOCKWORK PROPERTIES LIMITED
📈Growthactive
SC197325 · ltd · incorporated 1999-06-17
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
£400.3k
year to Nov 2024
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
23 live charges · 5 lenders · oldest 26.7y
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 26.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 48/100 (high).
Data confidence
Overall: high (82/100)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
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £271,175
Strong revenue growth
Turnover up 41% YoY
Turnover YoY
+41%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Turnover | £400.3k | £284.9k |
| Operating profit | £472.0k | £285.3k |
| Profit before tax | £271.2k | £190.3k |
| Average employees | 200 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (68 events)Click to expand
- 2025-12-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-10➖BLYTH, Andrew Michael resigneddirector
- 2025-06-02📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-15🔒Charge registered #24Lender: The Royal Bank of Scotland PLC
- 2024-07-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-26➖ANGUS, Thomas Alistair Gemmell resigneddirector
- 2024-06-26📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-01➕BLYTH, Andrew Michael appointeddirector
- 2024-01-31➖JACK, Michael George resigneddirector
- 2023-06-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12🔒Charge registered #23Lender: The Royal Bank of Scotland PLC
- 2023-05-05📄accounts-with-accounts-type-smallaccounts · AA
- 2022-07-04📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-02📄accounts-with-accounts-type-smallaccounts · AA
- 2019-12-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-12-20🔒Charge registered #22Lender: The Royal Bank of Scotland PLC
- 2019-04-12📄accounts-with-accounts-type-smallaccounts · AA
- 2018-10-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-09-28➖JACK, Michael George resignedsecretary
- 2018-09-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-09-11🔒Charge registered #21Lender: The Royal Bank of Scotland PLC
- 2018-07-04📄accounts-with-accounts-type-smallaccounts · AA
- 2018-06-07🔒Charge registered #20Lender: The Royal Bank of Scotland PLC
- 2015-09-10🔓Charge satisfied #16
- 2015-09-10🔓Charge satisfied #15
- 2015-09-10🔓Charge satisfied #6
- 2015-09-10🔓Charge satisfied #1
- 2015-04-24🔒Charge registered #19Lender: The Royal Bank of Scotland PLC
- 2015-04-02🔒Charge registered #18Lender: The Royal Bank of Scotland PLC
- 2014-12-19🔓Charge satisfied #8
- 2014-09-19🔓Charge satisfied #17
- 2014-09-19🔓Charge satisfied #14
- 2014-09-19🔓Charge satisfied #13
- 2014-09-19🔓Charge satisfied #12
- 2014-09-19🔓Charge satisfied #11
- 2014-09-19🔓Charge satisfied #10
- 2014-09-19🔓Charge satisfied #9
- 2014-09-19🔓Charge satisfied #7
- 2014-09-19🔓Charge satisfied #5
- 2014-09-19🔓Charge satisfied #3
- 2014-09-19🔓Charge satisfied #2
- 2012-03-02➕ANGUS, Thomas Alistair Gemmell appointeddirector
- 2012-03-02➕JACK, Michael George appointeddirector
- 2007-11-22🔒Charge registered #17Lender: Ppg Duddingston Limited
- 2007-05-11🔒Charge registered #16Lender: The Governor and Company of the Bank of Scotland
- 2006-07-12🔒Charge registered #15Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 68 events
Owner dependency
85/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
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.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Clockwork Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Clockwork Group Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
CLOCKWORK PROPERTIES LIMITED
This company · SC197325
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 |
|---|---|---|---|---|
Clockwork Group Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LANDWARD SECURITIES (EDINBURGH) LIMITED→ SC052040 · est 1972 | £3.62M £3.07M–£4.16M | — | £3.62M | — | 53y | 83 | 62y |
| TEAM SCOTLAND LTD.→ SC282486 · est 2005 | £1.97M £1.67M–£2.26M | — | £1.97M | — | 21y | 83 | 63y |
| GATEWAY GLASGOW LTD→ SC219530 · est 2001 | £1.34M £1.14M–£1.54M | — | £1.34M | — | 25y | 83 | 64y |
| PAMABER PROPERTIES LIMITED→ SC147392 · est 1993 | £1.21M £1.03M–£1.39M | — | £1.21M | — | 32y | 83 | 78y |
| LYNE PROPERTIES (EDINBURGH) LIMITED→ SC028226 · est 1951 | £1.12M £947.9k–£1.28M | — | £1.12M | — | 75y | 83 | 85y |
| SANTOSHI ENTERPRISE LIMITED→ SC251221 · est 2003 | £669.9k £569.4k–£770.4k | — | £669.9k | — | 22y | 83 | 64y |
| FACTOTUM (SCOTLAND) LIMITED→ SC246244 · est 2003 | £338.5k £287.7k–£389.2k | — | £338.5k | — | 23y | 83 | 74y |
| THE OLD SAWMILL LIMITED→ SC299306 · est 2006 | £28.1k £23.9k–£32.3k | — | £28.1k | — | 20y | 83 | 63y |
| REDS RELAX ENJOY DEVELOP LIMITED→ SC293103 · est 2005 | £12.3k £10.4k–£14.1k | — | £12.3k | — | 20y | 83 | 60y |
| CODEBASE LTD→ SC437306 · est 2012 | — | £11.72M | — | 9600 | 13y | 84 | 60y |
| JEDDERFIELD INVESTMENTS LIMITED→ SC502005 · est 2015 | — | £19.5k | — | 0 | 11y | 83 | 69y |
| RETTIE & COMPANY LIMITED→ SC144330 · est 1993 | — | — | — | 179 | 33y | 87 | 66y |
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
Incorporated1999-06-17
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
11 West Harbour Road
Edinburgh
EH5 1PH
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-01
Last: 2025-06-17
Officers (1 active · 5 resigned)
MORISON, John Courtenay→
Activedirector · ~55y · appointed 1999-06-17
View their other companies + combined net worth →
JACK, Michael George→
Resignedsecretary · appointed 2003-02-01 · resigned 2018-09-28
MORISON, Barclay Jackson→
Resignedsecretary · appointed 1999-06-17 · resigned 2003-02-01
ANGUS, Thomas Alistair Gemmell→
Resigneddirector · ~66y · appointed 2012-03-02 · resigned 2024-07-26
BLYTH, Andrew Michael→
Resigneddirector · ~46y · appointed 2024-03-01 · resigned 2025-12-10
JACK, Michael George→
Resigneddirector · ~60y · appointed 2012-03-02 · resigned 2024-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
23
Total charges
7
Outstanding
1
Active lenders
Status:Lender:23 of 23 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 15/08/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 3 properties | 12/06/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 2 properties | 20/12/2019 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 11/09/2018 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 07/06/2018 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 24/04/2015 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 02/04/2015 | — | |
| satisfied | Ppg Duddingston Ppg Duddingston Limited | Standard security | 1 property | 22/11/2007 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/05/2007 | 10/09/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/07/2006 | 10/09/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/07/2006 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/07/2006 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 05/08/2004 | 19/09/2014 | |
| satisfied | Charlotte Ventures Charlotte Ventures Limited | Standard security | 1 property | 09/01/2002 | 19/09/2014 | |
| satisfied | Charlotte Ventures Charlotte Ventures Limited | Standard security | 1 property | 09/01/2002 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/01/2002 | 19/09/2014 | |
| satisfied | Charlotte Ventures Charlotte Ventures Limited | Bond & floating charge | 1 property | 14/12/2001 | 19/12/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 3 properties | 03/01/2001 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 3 properties | 03/01/2001 | 10/09/2015 | |
| satisfied | Beazer Homes Beazer Homes Limited | Standard security | 1 property | 05/09/2000 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 05/11/1999 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/11/1999 | 19/09/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 23/09/1999 | 10/09/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (124 total)
termination-director-company-with-name-termination-date
officers · TM01
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
accounts-with-accounts-type-full
accounts · AA
2025-06-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-16
termination-director-company-with-name-termination-date
officers · TM01
2024-07-29
accounts-with-accounts-type-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-26
appoint-person-director-company-with-name-date
officers · AP01
2024-03-06
termination-director-company-with-name-termination-date
officers · TM01
2024-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-14
accounts-with-accounts-type-small
accounts · AA
2023-05-05
accounts-with-accounts-type-small
accounts · AA
2022-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
accounts-with-accounts-type-small
accounts · AA
2021-09-01