ISES PROPERTIES LIMITED
🌳Matureactive
SC424143 · ltd · incorporated 2012-05-16
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
36 live charges · 10 lenders · oldest 8.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.5 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
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
36 charges (36/36 with lender, 36/36 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Turnover | — | £190.9k |
| Gross profit | — | £118.9k |
| Operating profit | — | £78.8k |
| Profit before tax | — | £11.8k |
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (63 events)Click to expand
- 2026-02-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-04🔒Charge registered #36Lender: Paratus Amc Limited
- 2025-07-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-15🔒Charge registered #35Lender: Paratus Amc Limited
- 2025-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-21🔒Charge registered #34Lender: Paragon Bank PLC
- 2025-05-20🔒Charge registered #33Lender: Paratus Amc Limited
- 2025-04-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-07🔒Charge registered #31Lender: Paragon Bank PLC
- 2025-04-07🔒Charge registered #30Lender: Paragon Bank PLC
- 2025-03-28🔒Charge registered #32Lender: Together Commercial Finance Limited
- 2025-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-12🔒Charge registered #29Lender: Paratus Amc Limited
- 2025-02-11🔒Charge registered #28Lender: Paragon Bank PLC
- 2024-11-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-11🔒Charge registered #27Lender: Together Commercial Finance Limited
- 2024-02-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-19🔒Charge registered #26Lender: The Mortgage Works (UK) PLC
- 2022-11-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-23🔒Charge registered #25Lender: The Mortgage Works (UK) PLC
- 2022-11-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-07🔒Charge registered #24Lender: The Mortgage Works (UK) PLC
- 2022-10-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-07🔒Charge registered #23Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
- 2022-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-28🔒Charge registered #22Lender: Shawbrook Bank Limited
- 2022-09-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-20🔒Charge registered #21Lender: Shawbrook Bank Limited
- 2022-06-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-17🔒Charge registered #20Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
- 2021-09-22🔒Charge registered #19Lender: The Mortgage Works (UK) PLC
- 2021-07-07🔒Charge registered #18Lender: Mortgage Works (UK) PLC
- 2020-11-30🔒Charge registered #17Lender: Aldermore Bank PLC
- 2020-07-11🔒Charge registered #16Lender: The Mortgage Works (UK) PLC
- 2020-07-11🔒Charge registered #15Lender: The Mortgage Works (UK) PLC
- 2020-02-11🔒Charge registered #14Lender: The Mortgage Works (UK) PLC
- 2018-11-08🔒Charge registered #12Lender: Aldermore Bank PLC
- 2018-11-07🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2018-10-26🔒Charge registered #11Lender: The Mortgage Lender Limited
- 2018-08-24🔒Charge registered #10Lender: Charter Court Financial Services Limited
- 2018-07-23🔒Charge registered #9Lender: Shawbrook Bank Limited
- 2018-07-23🔒Charge registered #8Lender: Shawbrook Bank Limited
Showing most recent 50 of 63 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-12-04: A registered charge; 2025-07-15: A registered charge; 2025-05-21: A registered charge
36 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian Mcculloch Individual · British · DOB 04/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
Mr Stewart Mcculloch Individual · British · DOB 07/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
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 →Similar companies
Active · Property · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HOMARNA ECOSTORE LIMITED→ SC254848 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| HURRIKANE PROPERTIES LIMITED→ SC655545 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| INDIGO (SCOTLAND) LIMITED→ SC193859 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| IVY PROPERTIES (SCOTLAND) LIMITED→ SC828222 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMES S. WHITE LTD→ SC583833 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JEKC LTD→ SC514751 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| JESS AND JINX LTD→ SC685768 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| JMM PROPERTY SOLUTIONS LTD→ SC798339 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| JMS STAN PROPERTIES LTD→ SC879557 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JP&C HOLDINGS LTD→ SC707785 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| JULUY LIMITED→ SC789070 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| JWL INVESTMENTS LIMITED→ SC634306 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2012-05-16
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
18 North Street
Glenrothes
KY7 5NA
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-30
Last: 2025-05-16
Officers (3 active · 1 resigned)
BOYACK, Elaine Young→
Activesecretary · appointed 2012-05-16
View their other companies + combined net worth →
MCCULLOCH, Ian→
Activedirector · ~47y · appointed 2012-05-16
View their other companies + combined net worth →
MCCULLOCH, Stewart→
Activedirector · ~44y · appointed 2012-05-16
View their other companies + combined net worth →
HEMMINGS, Stephen David→
Resigneddirector · ~71y · appointed 2012-05-16 · resigned 2012-05-16
Click a director name to see their full track record across all companies.
Mortgages & charges
36
Total charges
36
Outstanding
9
Active lenders
Status:Lender:36 of 36 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 2 properties | 04/12/2025 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 15/07/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 21/05/2025 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 20/05/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 07/04/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 07/04/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 28/03/2025 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 12/02/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 11/02/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 11/11/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 19/01/2023 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 23/11/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 07/11/2022 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited Trading as Precise Mortgages | A registered charge | 3 properties | 07/10/2022 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 28/09/2022 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 20/09/2022 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited Trading as Precise Mortgages | A registered charge | 3 properties | 17/06/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 22/09/2021 | — | |
| outstanding | Mortgage Works (UK) Mortgage Works (UK) PLC | A registered charge | 1 property | 07/07/2021 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/11/2020 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 11/07/2020 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 11/07/2020 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 11/02/2020 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 08/11/2018 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 07/11/2018 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 26/10/2018 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 24/08/2018 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 23/07/2018 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 23/07/2018 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 2 properties | 16/01/2018 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 28/10/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-16