FIRST CHOICE PROPERTIES (SCOTLAND) LIMITED

💤Zombieactive
SC298327 · ltd · incorporated 2006-03-07
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
£7.0k
book net assets
Opportunity
79/100
Strong
🔔
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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
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 20.1y

30/100
under pressure

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

  • · Oldest live charge is 20.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
71 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 declared
Positive net assets
Net assets £7,021

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£7k
↑ 1.3% YoY
Current Assets
£39k
↓ 13% YoY
Current Liabilities
—
£0£9k£18k£27k£36k£44kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£32.5k£37.8k
Current assets£38.6k£44.4k
Net assets£7.0k£6.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-07-25
    ➖
    SMITH, Mary resigned
    director
  5. 2024-07-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-08-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-08-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-12-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-12-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-12-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2021-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-02-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2021-02-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2021-02-09
    🔓
    Charge satisfied #4
  18. 2021-02-09
    🔓
    Charge satisfied #3
  19. 2021-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2020-10-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2020-10-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2020-10-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2019-04-29
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  24. 2019-04-24
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  25. 2018-10-17
    🔓
    Charge satisfied #2
  26. 2018-10-17
    🔓
    Charge satisfied #1
  27. 2006-05-12
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 2006-04-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 2006-03-07
    🏢
    Company incorporated
    As FIRST CHOICE PROPERTIES (SCOTLAND) LIMITED
  30. 2006-03-07
    ➕
    SMITH, Andrew appointed
    secretary
  31. 2006-03-07
    ➕
    SMITH, Andrew appointed
    director
  32. 2006-03-07
    ➕
    SMITH, Mary appointed
    director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Andy Smith
Individual · British · DOB 09/1968 · age 58
——sig. influencesignificant influence06/04/2016

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
Incorporated2006-03-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6 Sneddon Avenue
Wishaw
ML2 8DX
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07

Officers (2 active · 1 resigned)

SMITH, Andrew→
secretary · appointed 2006-03-07
View their other companies + combined net worth →
Active
SMITH, Andrew→
director · ~58y · appointed 2006-03-07
View their other companies + combined net worth →
Active
SMITH, Mary→
director · ~67y · appointed 2006-03-07 · resigned 2024-07-25
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property29/04/201909/02/2021
satisfied
Together Money
Together Commercial Finance Limited
A registered charge—24/04/201909/02/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/05/200617/10/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/04/200617/10/2018

Recent filings (71 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-08
termination-director-company-with-name-termination-date
officers · TM01
2024-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-31
change-person-director-company-with-change-date
officers · CH01
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-04
change-person-director-company-with-change-date
officers · CH01
2021-12-10
change-person-director-company-with-change-date
officers · CH01
2021-12-10