THE WAYFARER PROPERTIES LTD.
🌳Matureactive
SC230423 · ltd · incorporated 2002-04-16
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 Mar 2025
Net worth
£505.7k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Renting and operating of Housing Association real estate
Sector: Real estate
Investor take
Special-situation opportunityDistressed property with salvageable qualities — special-situations priority.
Opportunity 74/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -69% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 23.0y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (71/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (6 active, 8 linked, 5 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
78 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
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £505,668
Cash draining
Cash down 69% YoY
Cash YoY
-69%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£23k
↓ 69% YoY
Net Worth
£506k
↑ 2.7% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £828.8k | £834.9k |
| Cash | £22.8k | £74.5k |
| Net assets | £505.7k | £492.5k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-10-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-13🔓Charge satisfied #1
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-04-16📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-25📄capital-allotment-sharescapital · SH01
- 2020-10-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2009-03-01➕CULLIS, John Craig appointeddirector
- 2009-03-01➕CULLIS, Suzanne appointeddirector
- 2008-09-19🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2008-05-14🔒Charge registered #4Lender: Royal Bank of Scotland PLC
- 2006-01-31🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2003-06-11🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2003-05-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-05-01➕CULLIS, Joseph Anthony appointeddirector
- 2002-04-16🏢Company incorporatedAs THE WAYFARER PROPERTIES LTD.
- 2002-04-16➕CULLIS, Rachel May appointedsecretary
- 2002-04-16➕CULLIS, Rachel May appointeddirector
- 2002-04-16➕CULLIS, William Anthony appointeddirector
- 2002-04-16➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-04-16➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-04-16➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2002-04-16➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-30
🔒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 |
|---|---|---|---|---|---|---|---|
| WOODLANDS TRADING ESTATE LIMITED→ SC869169 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WOODRANGLE HOLDINGS LTD→ SC855811 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WRIGHT PROP LIMITED→ SC708884 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| XSTS&CO LTD→ SC678868 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| XYA LTD→ SC633988 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| YASHASVI ENTERPRISE LTD→ SC794958 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| YATES HELLIER (HYNDLAND) LIMITED→ SC815380 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| YCJB PROPERTY LTD→ SC833330 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| YELLOW BIRD ASSETS LTD→ SC841684 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ZAIN LEASE HOLDING COMPANY LTD→ SC821115 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ZAINABMATLOOB LTD→ SC852852 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ZAKIR DYNAMICS LTD→ SC742089 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2002-04-16
Jurisdictionscotland
Primary SIC68201 — Renting and operating of Housing Association real estate
Registered office
C/O Dm Mcnaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-30OVERDUE
Last: 2025-04-16
Officers (6 active · 2 resigned)
CULLIS, Rachel May→
Activesecretary · appointed 2002-04-16
View their other companies + combined net worth →
CULLIS, John Craig→
Activedirector · ~46y · appointed 2009-03-01
View their other companies + combined net worth →
CULLIS, Joseph Anthony→
Activedirector · ~52y · appointed 2003-05-01
View their other companies + combined net worth →
CULLIS, Rachel May→
Activedirector · ~74y · appointed 2002-04-16
View their other companies + combined net worth →
CULLIS, Suzanne→
Activedirector · ~51y · appointed 2009-03-01
View their other companies + combined net worth →
CULLIS, William Anthony→
Activedirector · ~75y · appointed 2002-04-16
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-04-16 · resigned 2002-04-16
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-04-16 · resigned 2002-04-16
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 19/09/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 14/05/2008 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 31/01/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/06/2003 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/05/2003 | 13/09/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (78 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-16
change-person-secretary-company-with-change-date
officers · CH03
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-person-director-company-with-change-date
officers · CH01
2024-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-11