KHUSHI ESTATES LIMITED

🌳Matureactive
SC265905 · ltd · incorporated 2004-04-01
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
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 71-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · 2 lenders · oldest 21.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 21.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees2200

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
4
filings
  • • 4 persons-with-significant-control
Last 90 days
5
filings
  • • 4 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 4 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-04-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2026-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-12-13
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2017-12-13
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2017-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2017-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2004-06-16
    🔒
    Charge registered #2
    Lender: Trustees of the Afzal Khushi Iv Trust
  18. 2004-06-16
    🔒
    Charge registered #1
    Lender: Trustees of the Akmal Khushi Iv Trust
  19. 2004-05-26
    ➖
    DALGLEN DIRECTORS LIMITED resigned
    corporate-nominee-director
  20. 2004-05-19
    ➕
    KHUSHI, Afzal appointed
    secretary
  21. 2004-05-19
    ➕
    KHUSHI, Afzal appointed
    director
  22. 2004-05-19
    ➕
    KHUSHI, Akmal appointed
    director
  23. 2004-05-19
    ➖
    DALGLEN SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  24. 2004-04-01
    🏢
    Company incorporated
    As KHUSHI ESTATES LIMITED
  25. 2004-04-01
    ➕
    DALGLEN SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2004-04-01
    ➕
    DALGLEN DIRECTORS LIMITED appointed
    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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "KHUSHI" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
The Afzal Khushi Iv Trust
Corporate parent · holds 25-50% shares
significant stake
🏛️
The Akmal Khushi Iv Trust
Corporate parent · holds 25-50% shares
significant stake
⬇
KHUSHI ESTATES LIMITED
This company · SC265905

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
The Afzal Khushi Iv Trust
Corporate entity
25–50%
—25-50% shares01/11/2024
The Akmal Khushi Iv Trust
Corporate entity
25–50%
—25-50% shares01/11/2024
2 historic (ceased) PSCs
  • Mr Afzal Khushiceased 01/11/2024· 25-50% shares
  • Mr Akmal Khushiceased 01/11/2024· 25-50% shares

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

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
Incorporated2004-04-01
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

149 Vermont Street
Kinning Park
Glasgow
Lanarkshire
G41 1LU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (3 active · 2 resigned)

KHUSHI, Afzal→
secretary · appointed 2004-05-19
View their other companies + combined net worth →
Active
KHUSHI, Afzal→
director · ~71y · appointed 2004-05-19
View their other companies + combined net worth →
Active
KHUSHI, Akmal→
director · ~70y · appointed 2004-05-19
View their other companies + combined net worth →
Active
DALGLEN SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2004-04-01 · resigned 2004-05-19
Resigned
DALGLEN DIRECTORS LIMITED→
corporate-nominee-director · appointed 2004-04-01 · resigned 2004-05-26
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Trustees of the Afzal Khushi Iv Trust
Standard security1 property16/06/2004—
outstanding
Trustees of the Akmal Khushi Iv Trust
Standard security1 property16/06/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (67 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13