NIKON PROPERTY LIMITED
💤Zombieactive
SC287333 · ltd · incorporated 2005-07-11
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
£632.8k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueAsset-holding vehicle with a 68-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · 4 lenders · oldest 18.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
95 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
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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 £632,768
Net assets shrinking
Down £11,877 YoY
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£47k
~ YoY
Net Worth
£633k
↓ 1.8% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash | £46.9k | £46.9k |
| Net assets | £632.8k | £644.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-06-24📄gazette-notice-compulsorygazette · GAZ1
- 2025-03-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-12-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2024-12-03📄gazette-notice-compulsorygazette · GAZ1
- 2024-09-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-08-27📄gazette-notice-compulsorygazette · GAZ1
- 2024-06-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-06-04📄gazette-notice-compulsorygazette · GAZ1
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24📄mortgage-charge-whole-cease-and-release-with-charge-numbermortgage · MR05
- 2023-04-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-24🔓Charge satisfied #8
- 2023-04-24🔓Charge satisfied #7
- 2023-04-24🔓Charge satisfied #6
- 2023-04-24🔓Charge satisfied #5
- 2023-04-22📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-04-12📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-28➖CARRICK, James Allan Somerville resigneddirector
- 2022-05-24🔓Charge satisfied #3
- 2021-10-01➖NICHOLAS, Beatrice Ecaterina resigneddirector
- 2021-09-27➕SCHOLARIOS, Nicos appointeddirector
- 2021-09-27➕CARRICK, James Allan Somerville appointeddirector
- 2021-01-04➖NICHOLAS, Nicos resigneddirector
- 2018-09-01➕NICHOLAS, Beatrice Ecaterina appointeddirector
- 2015-03-13🔓Charge satisfied #2
- 2015-03-13🔓Charge satisfied #1
- 2015-03-06🔓Charge satisfied #4
- 2015-02-06🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2010-07-01➖THE KEVIN PARTNERSHIP resignedcorporate-secretary
- 2008-09-26🔒Charge registered #7Lender: Royal Bank of Scotland PLC
- 2008-09-26🔒Charge registered #6Lender: Royal Bank of Scotland PLC
- 2008-09-26🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2008-09-26🔒Charge registered #4Lender: Royal Bank of Scotland PLC
- 2008-09-10🔒Charge registered #3Lender: Royal Bank of Scotland PLC
- 2008-02-20🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2007-06-26🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2005-07-11🏢Company incorporatedAs NIKON PROPERTY LIMITED
- 2005-07-11➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2005-07-11➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2005-07-11➕THE KEVIN PARTNERSHIP appointedcorporate-secretary
- 2005-07-11➕NICHOLAS, Nicos appointeddirector
- 2005-07-11➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Showing most recent 50 of 51 events
Owner dependency
90/100
Critical — business is the founderThe 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 age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nicos Scholarios, As Executor Of Nicos Nicholas Individual · British · DOB 07/1958 · age 68 | 75–100% | — | 75-100% shares · trust interest | 04/01/2021 |
4 historic (ceased) PSCs
- Mr James Allan Carrick, As Executor Of Nicos Nicholasceased 28/01/2023· 75-100% shares · trust interest
- Mr Carol Casian Nicholasceased 27/09/2021· 50-75% shares
- Mr Nicos Nicholasceased 13/09/2018· 75-100% shares
- Mr Nicos Nicholasceased 04/01/2021· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| N K GLASGOW LTD→ SC853809 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NERLANA HOMES LTD→ SC708108 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| NERO COMMERCIAL LTD→ SC327575 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| NEW WEST PROPERTIES LIMITED→ SC262668 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| NEWLANDS LETTINGS LIMITED→ SC839107 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NEWLANDSMUIR PROPERTIES LTD→ SC837833 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NGS HOMES LTD→ SC510291 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| NGS PROPERPRENEUR LIMITED→ SC551473 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| NIMLETS LTD→ SC673772 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| NL BUSINESS LTD→ SC881031 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| NL WFS LTD→ SC609228 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| NLPROPERTYGROUP LTD→ SC766217 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2005-07-11
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
43 Crow Road
Glasgow
G11 7SH
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16
Officers (1 active · 6 resigned)
SCHOLARIOS, Nicos→
Activedirector · ~68y · appointed 2021-09-27
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2005-07-11 · resigned 2005-07-11
THE KEVIN PARTNERSHIP→
Resignedcorporate-secretary · appointed 2005-07-11 · resigned 2010-07-01
CARRICK, James Allan Somerville→
Resigneddirector · ~78y · appointed 2021-09-27 · resigned 2023-01-28
NICHOLAS, Beatrice Ecaterina→
Resigneddirector · ~58y · appointed 2018-09-01 · resigned 2021-10-01
NICHOLAS, Nicos→
Resigneddirector · ~77y · appointed 2005-07-11 · resigned 2021-01-04
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2005-07-11 · resigned 2005-07-11
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 06/02/2015 | 24/04/2023 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 26/09/2008 | 24/04/2023 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 26/09/2008 | 24/04/2023 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 26/09/2008 | 24/04/2023 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 26/09/2008 | 06/03/2015 | |
| satisfied | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/09/2008 | 24/05/2022 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 20/02/2008 | 13/03/2015 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 26/06/2007 | 13/03/2015 |
Recent filings (95 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-03
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-28
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-12-11
gazette-notice-compulsory
gazette · GAZ1
2024-12-03
gazette-filings-brought-up-to-date
gazette · DISS40
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-09
gazette-notice-compulsory
gazette · GAZ1
2024-08-27
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-08