M.I.A. (PROPERTIES) LIMITED

💤Zombieactive

SC233583 · ltd · incorporated 2002-07-02

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£69.5k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 23.7y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 23.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (1 active, 6 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

58 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £69,547

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£70k

↑ 30% YoY

Current Assets

£38k

↑ 87% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-12-31	2023-12-31
Total assets	£106.6k	£90.7k
Current assets	£37.7k	£20.2k
Net assets	£69.5k	£53.7k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-09-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-09-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-17
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-08-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-09-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-10-31
➖
LEYLAND, James Thomas resigned
secretary
2004-10-14
➕
LEYLAND, James Thomas appointed
secretary
2004-09-30
➖
JOHNSON, Ivor Gilbert resigned
secretary
2004-09-30
➖
JOHNSON, Angus resigned
director
2004-09-30
➖
JOHNSON, Ivor Gilbert resigned
director
2003-07-30
➕
LEYLAND, Martin Thomas appointed
director
2002-08-22
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2002-07-02
🏢
Company incorporated
As M.I.A. (PROPERTIES) LIMITED
2002-07-02
➕
JOHNSON, Ivor Gilbert appointed
secretary
2002-07-02
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2002-07-02
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2002-07-02
➕
JOHNSON, Angus appointed
director
2002-07-02
➕
JOHNSON, Ivor Gilbert appointed
director

Owner dependency

100/100

Critical — business is the founder

The 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 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 23 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Martin Thomas Leyland Individual · British · DOB 04/1957 · age 69	75–100%	—	75-100% shares	02/07/2016

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 · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MARK DUNCAN DEVELOPMENTS LIMITED→ SC318791 · est 2007	£710.9k £604.3k–£817.6k	—	£710.9k	—	19y	77	54y
LEAGARTH ESTATES LIMITED→ SC032734 · est 1957	£555.6k £472.3k–£639.0k	—	£555.6k	—	68y	81	71y
EID DEVELOPMENTS LTD.→ SC274955 · est 2004	£59.0k £50.1k–£67.8k	—	£59.0k	—	21y	80	64y
G & E PROPERTIES (SHETLAND) LTD→ SC642636 · est 2019	£21.7k £18.4k–£24.9k	—	£21.7k	—	6y	79	59y
NORTHERN ROCK PROPERTIES LIMITED→ SC526769 · est 2016	£7.6k £6.4k–£8.7k	—	£7.6k	—	10y	78	58y
IRVINE ENTERPRISES SHETLAND LIMITED→ SC136867 · est 1992	—	—	—	500	34y	82	64y
DTM PROPERTY LETTING SERVICES LIMITED→ SC362655 · est 2009	—	—	—	0	16y	80	66y
GLOBE BUTCHERS→ SC245569 · est 2003	—	—	—	100	23y	80	60y
ADAMSON BROS (SHETLAND) LIMITED→ SC143091 · est 1993	—	—	—	100	33y	79	73y
DERRYARKIN ASSET MGT LTD→ SC506541 · est 2015	—	—	—	0	10y	79	59y
M & M JOHNSON INVESTMENTS LIMITED→ SC257477 · est 2003	—	—	—	2	22y	79	65y
GARTH ESTATE LIMITED→ SC650045 · est 2019	—	—	—	300	6y	77	60y

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

Incorporated2002-07-02

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Habbigarth

Dunrossness

Shetland

ZE2 9JG

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-16

Last: 2025-07-02

Officers (1 active · 5 resigned)

LEYLAND, Martin Thomas→

director · ~69y · appointed 2003-07-30

View their other companies + combined net worth →

Active

JOHNSON, Ivor Gilbert→

secretary · appointed 2002-07-02 · resigned 2004-09-30

Resigned

LEYLAND, James Thomas→

secretary · appointed 2004-10-14 · resigned 2008-10-31

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2002-07-02 · resigned 2002-07-02

Resigned

JOHNSON, Angus→

director · ~70y · appointed 2002-07-02 · resigned 2004-09-30

Resigned

JOHNSON, Ivor Gilbert→

director · ~59y · appointed 2002-07-02 · resigned 2004-09-30

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	22/08/2002	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-09-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-16

accounts-with-accounts-type-micro-entity

accounts · AA

2024-09-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-07-03

accounts-with-accounts-type-micro-entity

accounts · AA

2023-06-06

accounts-with-accounts-type-micro-entity

accounts · AA

2022-09-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-07-11

accounts-with-accounts-type-micro-entity

accounts · AA

2021-09-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-07-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-07-20

accounts-with-accounts-type-micro-entity

accounts · AA

2020-06-09

accounts-with-accounts-type-micro-entity

accounts · AA

2019-09-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-07-14

accounts-with-accounts-type-micro-entity

accounts · AA

2018-09-28