NORTH BERWICK PROPERTIES LIMITED
🌳Matureactive
SC231864 · ltd · incorporated 2002-05-22
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 23.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2024
Net worth
£2.81M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 79/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 8 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
12 live charges · oldest 23.9y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
28 connected companies via shared directors
90
Filing history
85 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
79/100Strong
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
82
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 £2,807,969
Cash YoY
-9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£267k
↓ 8.6% YoY
Net Worth
£2.8m
↑ 3.5% YoY
Current Assets
£302k
↓ 9.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £3.84M | £3.80M |
| Current assets | £301.8k | £332.4k |
| Cash | £266.9k | £291.9k |
| Debtors | £34.9k | £40.5k |
| Net assets | £2.81M | £2.71M |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2025-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-21📄capital-name-of-class-of-sharescapital · SH08
- 2023-08-21📄capital-allotment-sharescapital · SH01
- 2023-08-18📄resolutionresolution · RESOLUTIONS
- 2023-08-18📄memorandum-articlesincorporation · MA
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-21🔓Charge satisfied #9
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-11-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-11-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-15📄capital-allotment-sharescapital · SH01
- 2021-06-15📄capital-allotment-sharescapital · SH01
- 2021-06-15📄capital-allotment-sharescapital · SH01
- 2021-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-22🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2013-12-05🔒Charge registered #11Lender: The Royal Bank of Scotland PLC
- 2012-09-14🔒Charge registered #10Lender: The Royal Bank of Scotland PLC
- 2010-12-15➖SHERRIFF, Ewan Andrew John resignedsecretary
- 2007-07-30🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2006-10-13🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2006-05-01🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2005-02-08🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2004-05-11🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2004-04-26➖SHERRIFF, Ewan Andrew John resigneddirector
- 2003-07-08🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2003-02-25🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2003-01-24➕SHERIDAN, Stewart Gunn appointeddirector
- 2002-08-19🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2002-07-02🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-05-22🏢Company incorporatedAs NORTH BERWICK PROPERTIES LIMITED
- 2002-05-22➕DAWSON, Allan George appointeddirector
- 2002-05-22➕REID-THOMAS, Alistair Martin appointeddirector
- 2002-05-22➕SHERRIFF, Ewan Andrew John appointedsecretary
- 2002-05-22➕SHERRIFF, Ewan Andrew John appointeddirector
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
70/100
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.
- 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low11 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Allan George Dawson Individual · British · DOB 04/1968 · age 58 | 25–50% | — | 25-50% shares | 01/01/2017 |
Mr Alistair Martin Reid - Thomas Individual · British · DOB 08/1969 · age 57 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Stewart Gunn Sheridan Individual · British · DOB 06/1968 · age 58 | 25–50% | — | 25-50% shares | 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 · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LORNATRAD LIMITED→ 14418706 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MAM RURAL LIMITED→ 11841439 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MARSHALL LEISURE LIMITED→ 00653223 · est 1960 · no financials extracted | — | — | — | — | 66y | — | — |
| MCCALL CAPITAL ASSETS LTD→ 05549811 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| MIDDLETON HALL COTTAGES MANAGEMENT COMPANY LTD→ 09741831 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MINDRUM PROPERTIES LIMITED→ 00543645 · est 1955 · no financials extracted | — | — | — | — | 71y | — | — |
| NESSIE PROPERTY LIMITED→ 15215128 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NEW WHITEHALL HOUSE LIMITED→ 11313937 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| O'ROURKE PROPERTY INVESTMENTS LTD→ 11538218 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| OLD SMOKERY (SEAHOUSES) LIMITED→ 04120859 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| PASTON PLACE LTD→ 16267002 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PP67 LTD→ 16701763 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2002-05-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Grianan Hoebridge Road East
Gattonside
Melrose
TD6 9NB
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-05-13
Last: 2026-04-29
Officers (3 active · 2 resigned)
DAWSON, Allan George→
Activedirector · ~58y · appointed 2002-05-22
View their other companies + combined net worth →
REID-THOMAS, Alistair Martin→
Activedirector · ~57y · appointed 2002-05-22
View their other companies + combined net worth →
SHERIDAN, Stewart Gunn→
Activedirector · ~58y · appointed 2003-01-24
View their other companies + combined net worth →
SHERRIFF, Ewan Andrew John→
Resignedsecretary · appointed 2002-05-22 · resigned 2010-12-15
SHERRIFF, Ewan Andrew John→
Resigneddirector · ~58y · appointed 2002-05-22 · resigned 2004-04-26
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
11
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 22/09/2017 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 5 properties | 05/12/2013 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 14/09/2012 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 30/07/2007 | 21/12/2022 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 13/10/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 01/05/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 08/02/2005 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/05/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 08/07/2003 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 25/02/2003 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 19/08/2002 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 02/07/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (85 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-29
change-person-director-company-with-change-date
officers · CH01
2024-08-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-15
capital-name-of-class-of-shares
capital · SH08
2023-08-21
capital-allotment-shares
capital · SH01
2023-08-21
resolution
resolution · RESOLUTIONS
2023-08-18
memorandum-articles
incorporation · MA
2023-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-28
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-24