NPL PH CLEARING COMPANY LTD
🌳Matureactive
SC197917 · ltd · incorporated 1999-07-08
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
Why now
Window opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
- · Deal-killer verdict: clean → complicated
What changed my view
Last 30 days
Picture worsened over the last 30 days — 1 negative signal vs 0 positive.
- ↓Deal-killer verdict: clean → complicated
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 Mar 2025
Net worth
£-10.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (75/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 7 total, 7 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £10,067
Very low cash
Cash position: £2
Key financials
1 year extracted from filed iXBRL accountsCash
£2
Net Worth
-£10k
Current Assets
£2
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-30 |
|---|---|
| Total assets | £-10.1k |
| Current assets | £2 |
| Cash | £2 |
| Net assets | £-10.1k |
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
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
3
filings
- • 2 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-01-14📄accounts-with-accounts-type-smallaccounts · AA
- 2024-02-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-28➖MCFARLANE, Robert resigneddirector
- 2024-01-12📄accounts-with-accounts-type-smallaccounts · AA
- 2023-01-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-08-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-22✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-08-17➕LEWSLEY, John Charles appointeddirector
- 2021-12-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-05-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-04-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-19➕MCFARLANE, Michelle appointeddirector
- 2020-03-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2018-11-02➖CLARK, Ian resigneddirector
- 2018-11-02➕MCFARLANE, Robert appointeddirector
- 2000-07-11➕CLARK, Ian appointeddirector
- 2000-07-11➖TAYLOR, Eric Raymond resigneddirector
- 1999-07-08🏢Company incorporatedAs NPL PH CLEARING COMPANY LTD
- 1999-07-08➕MCFARLANE, Michelle appointedsecretary
- 1999-07-08➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 1999-07-08➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 1999-07-08➕TAYLOR, Eric Raymond appointeddirector
- 1999-07-08➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 1999-07-08➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Npl Developments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Npl Developments Ltd
Corporate parent · holds 75-100% shares
⬇
NPL PH CLEARING COMPANY LTD
This company · SC197917
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Npl Developments Ltd Corporate entity | 75–100% | — | 75-100% shares | 13/02/2020 |
Mr Robert Mcfarlane Individual · British · DOB 08/1946 · age 80 | — | — | sig. influencesignificant influence | 01/11/2018 |
5 historic (ceased) PSCs
- Ms Michelle Lappinceased 01/11/2018· 25-50% shares
- Mr Eric Raymond Taylorceased 01/11/2018· 25-50% shares
- Mr Robert Mcfarlaneceased 01/07/2016· 75-100% shares
- Mr Eric Raymond Taylorceased 01/07/2016· 25-50% shares
- Ms Michelle Lappinceased 01/07/2016· 25-50% shares
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GANDER EQUITIES LIMITED→ SC038884 · est 1963 | £5.39M £4.58M–£6.20M | — | £5.39M | — | 63y | 83 | 87y |
| NEWTON PROPERTY MANAGEMENT LTD.→ SC224378 · est 2001 | £1.45M £1.23M–£1.66M | — | £1.45M | — | 24y | 83 | 70y |
| MILBEAR HOLDINGS (GLASGOW) LIMITED→ SC046691 · est 1969 | £974.3k £828.2k–£1.12M | — | £974.3k | — | 57y | 83 | 101y |
| CITYPROP INVESTMENTS LTD.→ SC157489 · est 1995 | £927.3k £788.2k–£1.07M | — | £927.3k | — | 31y | 83 | 87y |
| DOMINPLAN PROPERTY CO. LIMITED→ SC039504 · est 1963 | £672.2k £571.4k–£773.1k | — | £672.2k | — | 62y | 83 | 89y |
| CALEDONIA WATERFRONT (HARBOUR ROAD) LIMITED→ SC345086 · est 2008 | £623.3k £529.8k–£716.8k | — | £623.3k | — | 17y | 83 | 70y |
| INNOVATION PROPERTIES LIMITED→ SC312436 · est 2006 | £444.7k £378.0k–£511.4k | — | £444.7k | — | 19y | 83 | 86y |
| OREBLOCK LIMITED→ SC161313 · est 1995 | £146.5k £124.6k–£168.5k | — | £146.5k | — | 30y | 83 | 69y |
| HORSESHOE DEVELOPMENTS (PORT GLASGOW) LIMITED→ SC315228 · est 2007 | £132.9k £113.0k–£152.9k | — | £132.9k | — | 19y | 83 | 68y |
| BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974 | £117.8k £100.1k–£135.5k | — | £117.8k | — | 52y | 83 | 59y |
| GALEN PROPERTIES LTD→ SC283636 · est 2005 | £64.1k £54.5k–£73.7k | — | £64.1k | — | 21y | 83 | 62y |
| LEMAY INVESTMENTS LIMITED→ SC253839 · est 2003 | £53.3k £45.3k–£61.3k | — | £53.3k | — | 22y | 83 | 70y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1999-07-08
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
183 St. Vincent Street
First Floor
Glasgow
G2 5QD
Scotland
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2025-03-30
Confirmation statement
Next due: 2027-05-10
Last: 2026-04-26
Officers (3 active · 5 resigned)
MCFARLANE, Michelle→
Activesecretary · appointed 1999-07-08
View their other companies + combined net worth →
LEWSLEY, John Charles→
Activedirector · ~50y · appointed 2022-08-17
View their other companies + combined net worth →
MCFARLANE, Michelle→
Activedirector · ~58y · appointed 2020-03-19
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 1999-07-08 · resigned 1999-07-08
CLARK, Ian→
Resigneddirector · ~61y · appointed 2000-07-11 · resigned 2018-11-02
MCFARLANE, Robert→
Resigneddirector · ~80y · appointed 2018-11-02 · resigned 2024-02-28
TAYLOR, Eric Raymond→
Resigneddirector · ~75y · appointed 1999-07-08 · resigned 2000-07-11
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 1999-07-08 · resigned 1999-07-08
Click a director name to see their full track record across all companies.
Recent filings (87 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
change-account-reference-date-company-current-shortened
accounts · AA01
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-small
accounts · AA
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
termination-director-company-with-name-termination-date
officers · TM01
2024-02-29
accounts-with-accounts-type-small
accounts · AA
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-dormant
accounts · AA
2023-01-09
appoint-person-director-company-with-name-date
officers · AP01
2022-08-23
certificate-change-of-name-company
change-of-name · CERTNM
2022-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-dormant
accounts · AA
2021-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-26