PHILIP FREEMAN PROPERTIES LIMITED

💤Zombieactive
SC245574 · ltd · incorporated 2003-03-12
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 Mar 2025
Net worth
£159.2k
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 85-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 85). 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 22.8y

45/100
under pressure

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

  • · Oldest live charge is 22.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (70/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
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
62 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £159,248

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£159k
Current Assets
£1k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-31
Total assets£159.2k
Current assets£1.3k
Net assets£159.2k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-27
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  3. 2025-04-17
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  4. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-05-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-04-12
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  8. 2022-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-07-19
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  10. 2021-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-02-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-24
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  13. 2019-10-24
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  14. 2019-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2003-08-06
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  18. 2003-03-12
    🏢
    Company incorporated
    As PHILIP FREEMAN PROPERTIES LIMITED
  19. 2003-03-12
    ➕
    FREEMAN, Denise appointed
    secretary
  20. 2003-03-12
    ➕
    FREEMAN, Philip appointed
    director
  21. 2003-03-12
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  22. 2003-03-12
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  23. 2003-03-12
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  24. 2003-03-12
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-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.
  • +Founder name in company name: Company name contains director surname "FREEMAN" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
  • 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 23 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%
NameSharesVoting rightsNature of controlNotified
Mr Philip Freeman
Individual · British · DOB 10/1941 · age 85
75–100%
—75-100% shares12/03/2017

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 →

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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
Incorporated2003-03-12
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Campbell Lane
Hamilton
ML3 6DB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12

Officers (2 active · 2 resigned)

FREEMAN, Denise→
secretary · appointed 2003-03-12
View their other companies + combined net worth →
Active
FREEMAN, Philip→
director · ~85y · appointed 2003-03-12
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-03-12 · resigned 2003-03-12
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-03-12 · resigned 2003-03-12
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property06/08/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-30
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2023-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-19
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2022-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21