PROP PROPERTIES LIMITED

💤Zombieactive
SC367137 · ltd · incorporated 2009-10-20
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
£43.0k
book net assets
Opportunity
75/100
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 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
41 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
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £42,989
Net assets shrinking
Down £3,313 YoY
Cash YoY
-5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£68k
↓ 4.6% YoY
Net Worth
£43k
↓ 7.2% YoY
Current Assets
£68k
↓ 4.6% YoY
Current Liabilities
£0£14k£29k£43k£57k£72kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£43.0k£46.3k
Current assets£68.4k£71.7k
Cash£68.4k£71.7k
Net assets£43.0k£46.3k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-09-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2019-07-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2018-09-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2017-11-03
    📄
    capital-allotment-shares
    capital · SH01
  11. 2017-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-11-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-11-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2015-11-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2009-10-20
    🏢
    Company incorporated
    As PROP PROPERTIES LIMITED
  17. 2009-10-20
    CROSS, Geoffrey Dominic Sebastian appointed
    secretary
  18. 2009-10-20
    CROSS, Geoffrey Dominic Sebastian appointed
    director

Owner dependency

90/100
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 17 years — deep operational knowledge concentrated in one person.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Geoffrey Dominic Sebastian Cross
Individual · British · DOB 12/1982 · age 44
75100%
75-100% shares06/04/2016
Mrs Helen Cross
Individual · British · DOB 02/1984 · age 42
2550%
25–50%25-50% shares · 25-50% voting01/11/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2009-10-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Netherby House
60 Abbotsford Road
Galashiels
TD1 3HP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (2 active · 0 resigned)

CROSS, Geoffrey Dominic Sebastian
secretary · appointed 2009-10-20
View their other companies + combined net worth →
Active
CROSS, Geoffrey Dominic Sebastian
director · ~44y · appointed 2009-10-20
View their other companies + combined net worth →
Active

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

Recent filings (41 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-07-05
confirmation-statement-with-updates
confirmation-statement · CS01
2018-11-02