WESTKIRK LIMITED
🌳Matureactive
SC200190 · ltd · incorporated 1999-09-27
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
—
year to Sept 2024
Net worth
£348.0k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Family succession underway — not a classic acquisition target.
Opportunity 75/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
24 live charges · 3 lenders · oldest 25.0y
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 25.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (78/100)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
24 charges (24/24 with lender, 24/24 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
117 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
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 £347,965
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£348k
↑ 14% YoY
Current Assets
£18k
↓ 77% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £1.39M | £1.38M |
| Current assets | £18.0k | £79.7k |
| Net assets | £348.0k | £305.4k |
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 (64 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-12🔓Charge satisfied #21
- 2022-07-12🔓Charge satisfied #20
- 2022-07-12🔓Charge satisfied #19
- 2022-07-12🔓Charge satisfied #18
- 2022-07-12🔓Charge satisfied #17
- 2022-07-12🔓Charge satisfied #16
- 2022-07-12🔓Charge satisfied #15
- 2022-07-12🔓Charge satisfied #14
- 2022-07-12🔓Charge satisfied #13
- 2022-07-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-11🔓Charge satisfied #12
- 2022-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-27🔒Charge registered #24Lender: Atom Bank PLC
- 2022-06-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-17🔒Charge registered #23Lender: Atom Bank PLC
- 2022-06-13🔒Charge registered #22Lender: Atom Bank PLC
- 2022-03-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-01➕BAIG, Mehran appointeddirector
- 2021-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2012-07-01➖BAIG, Azher resignedsecretary
- 2010-02-18🔒Charge registered #21Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #20Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #19Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #18Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #17Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #16Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #15Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #14Lender: United National Bank Limited
- 2010-02-18🔒Charge registered #13Lender: United National Bank Limited
- 2010-02-17🔓Charge satisfied #1
- 2010-02-05🔒Charge registered #12Lender: United National Bank Limited
- 2008-11-17🔒Charge registered #11Lender: Habib Bank Ag Zurich
- 2007-03-16🔒Charge registered #10Lender: Habib Bank Ag Zurich
- 2007-01-15🔒Charge registered #9Lender: Habib Bank Ag Zurich
- 2005-03-03🔒Charge registered #8Lender: Habib Bank Ag Zurich
Showing most recent 50 of 64 events
Owner dependency
91/100
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
- +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 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — BAIG, Mehran (same surname) appointed 2022-02-01. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- 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
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.
13 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Shama Baig Individual · British · DOB 12/1957 · age 69 | 50–75% | — | 50-75% shares | 10/07/2017 |
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 |
|---|---|---|---|---|---|---|---|
| BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974 | £117.8k £100.1k–£135.5k | — | £117.8k | — | 52y | 83 | 59y |
| CAIRN LETTING LIMITED→ SC210819 · est 2000 | £40.0k £34.0k–£46.0k | — | £40.0k | — | 25y | 83 | 58y |
| AR (WELLMEADOW) LTD→ SC393743 · est 2011 | £5.0k £4.2k–£5.7k | — | £5.0k | — | 15y | 83 | 59y |
| AMBASSADOR REAL ESTATE INVESTMENTS LTD→ SC393740 · est 2011 | £100 £85–£115 | — | £100 | — | 15y | 83 | 59y |
| HOWE STREET PROPERTIES LIMITED→ SC435893 · est 2012 | — | £24.9k | — | 0 | 13y | 84 | 65y |
| ROSS & LIDDELL LIMITED→ SC097770 · est 1986 | — | — | — | 100 | 40y | 84 | 60y |
| AEROBLUE LIMITED→ SC185922 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 73y |
| BALMORE ESTATES LIMITED→ SC435326 · est 2012 | — | — | — | 300 | 13y | 83 | 60y |
| BEARSDEN SOLUTIONS LTD→ SC394655 · est 2011 | — | — | — | 100 | 15y | 83 | 60y |
| BROOMPARK DEVELOPMENTS LIMITED→ SC156310 · est 1995 · no financials extracted | — | — | — | — | 31y | 83 | 85y |
| YELLOW BIRD ASSETS LTD→ SC841684 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ZAINABMATLOOB LTD→ SC852852 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1999-09-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
The Stables Unit 1
21-25 Carlton Court
Glasgow
G5 9JP
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-08
Last: 2025-05-25
Officers (2 active · 3 resigned)
BAIG, Mehran→
Activedirector · ~32y · appointed 2022-02-01
View their other companies + combined net worth →
Active
BAIG, Azher→
Resignedsecretary · appointed 1999-09-27 · resigned 2012-07-01
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 1999-09-27 · resigned 1999-10-07
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 1999-09-27 · resigned 1999-10-07
Click a director name to see their full track record across all companies.
Mortgages & charges
24
Total charges
13
Outstanding
2
Active lenders
Status:Lender:24 of 24 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Atom Bank Atom Bank PLC | A registered charge | 8 properties | 27/06/2022 | — | |
| outstanding | Atom Bank Atom Bank PLC | A registered charge | — | 17/06/2022 | — | |
| outstanding | Atom Bank Atom Bank PLC | A registered charge | — | 13/06/2022 | — | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 2 properties | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 2 properties | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Standard security | 1 property | 18/02/2010 | 12/07/2022 | |
| satisfied | United National Bank United National Bank Limited | Floating charge | 1 property | 05/02/2010 | 11/07/2022 | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 17/11/2008 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 16/03/2007 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 15/01/2007 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 03/03/2005 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 02/06/2004 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 04/07/2001 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 04/07/2001 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 08/06/2001 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 28/05/2001 | — | |
| outstanding | Habib Bank Ag Zurich | Standard security | 1 property | 22/05/2001 | — | |
| satisfied | Habib Bank Ag Zurich | Floating charge | 1 property | 18/05/2001 | 17/02/2010 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (117 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-07
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-12