MCG PROPERTIES LIMITED

🌳Matureactive
SC297086 · ltd · incorporated 2006-02-13
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£111.8k
book net assets
Opportunity
83/100
Exceptional
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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
Pursue
Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 19.8y

45/100
under pressure

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

  • · Oldest live charge is 19.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
59 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
83/100Exceptional
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
85
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 102
Positive net assets
Net assets £111,809
Net assets shrinking
Down £6,440 YoY
Cash draining
Cash down 67% YoY
Cash YoY
-67%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 67% YoY
Net Worth
£112k
↓ 5.4% YoY
Current Assets
£3k
↓ 67% YoY
Current Liabilities
—
£0£24k£47k£71k£95k£118kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Total assets£111.8k£118.2k
Current assets£2.7k£8.0k
Cash£2.7k£8.0k
Net assets£111.8k£118.2k

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2022-12-23
    🔓
    Charge satisfied #3
  7. 2022-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-08-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-02-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-03-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-02-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-09-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2015-09-24
    🔓
    Charge satisfied #1
  18. 2006-09-29
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  19. 2006-09-06
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  20. 2006-08-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2006-02-13
    🏢
    Company incorporated
    As MCG PROPERTIES LIMITED
  22. 2006-02-13
    ➕
    GUNN, Murdo Brims appointed
    secretary
  23. 2006-02-13
    ➕
    COCHRANE, Iain Murray appointed
    director
  24. 2006-02-13
    ➕
    GUNN, Murdo Brims appointed
    director
  25. 2006-02-13
    ➕
    MCCUSKER, James Anthony appointed
    director
  26. 2006-02-13
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2006-02-13
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2006-02-13
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  29. 2006-02-13
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

90/100
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.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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.)
🔒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
Incorporated2006-02-13
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

4 Shanter Place
Ayr
KA7 4RD
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-16
Last: 2026-02-02

Officers (4 active · 2 resigned)

GUNN, Murdo Brims→
secretary · appointed 2006-02-13
View their other companies + combined net worth →
Active
COCHRANE, Iain Murray→
director · ~71y · appointed 2006-02-13
View their other companies + combined net worth →
Active
GUNN, Murdo Brims→
director · ~68y · appointed 2006-02-13
View their other companies + combined net worth →
Active
MCCUSKER, James Anthony→
director · ~70y · appointed 2006-02-13
View their other companies + combined net worth →
Active
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-02-13 · resigned 2006-02-13
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2006-02-13 · resigned 2006-02-13
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/09/200623/12/2022
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/09/2006—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/08/200624/09/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-13