LETS B WISE LIMITED

🌳Matureactive
SC278207 · ltd · incorporated 2005-01-10
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 18.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2026
Net worth
£-12.0k
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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

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 18.4y

50/100
clean up first

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

  • · Oldest live charge is 18.4 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: 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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
62 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £12,033

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£12k
~ YoY
Current Assets
—
Current Liabilities
—
-£12k-£12k-£12k-£12k-£12k-£12kJan 2025Jan 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-01-312025-01-31
Total assets£-12.0k£-12.0k
Net assets£-12.0k£-12.0k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-08-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-11-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2008-02-18
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  17. 2008-01-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2006-06-01
    ➕
    HUGHES, Christina appointed
    secretary
  19. 2006-06-01
    ➖
    NASIR, Asif resigned
    secretary
  20. 2005-01-10
    🏢
    Company incorporated
    As LETS B WISE LIMITED
  21. 2005-01-10
    ➕
    HUGHES, Christina appointed
    director
  22. 2005-01-10
    ➕
    ULLAH, Mahmood appointed
    director
  23. 2005-01-10
    ➕
    NASIR, Asif appointed
    secretary
  24. 2005-01-10
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  25. 2005-01-10
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  26. 2005-01-10
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  27. 2005-01-10
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Christina Hughes
Individual · British · DOB 05/1955 · age 71
25–50%
—25-50% shares01/01/2017
Mr Mahmood Lord Ullah
Individual · British · DOB 04/1964 · age 62
25–50%
—25-50% shares01/01/2017

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

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
Incorporated2005-01-10
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Unit 3 Morris Park
37 Rosyth Road
Glasgow
G5 0YE
Scotland

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2027-01-24
Last: 2026-01-10

Officers (3 active · 3 resigned)

HUGHES, Christina→
secretary · appointed 2006-06-01
View their other companies + combined net worth →
Active
HUGHES, Christina→
director · ~71y · appointed 2005-01-10
View their other companies + combined net worth →
Active
ULLAH, Mahmood→
director · ~62y · appointed 2005-01-10
View their other companies + combined net worth →
Active
NASIR, Asif→
secretary · appointed 2005-01-10 · resigned 2006-06-01
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-01-10 · resigned 2005-01-10
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-01-10 · resigned 2005-01-10
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property18/02/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property03/01/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-29