FORTIS PROPERTY LETTINGS LTD
- 68209Other letting and operating of own or leased real estate
- 68320Management of real estate on a fee or contract basis
Opportunity 72/100 (strong), bankability 67/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
6 live charges · 2 lenders · oldest 8.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.2 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 2 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (27 events)Click to expand
- 2026-01-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-01🔓Charge satisfied #1
- 2022-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-10-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-10-01🔒Charge registered #6Lender: Paragon Bank PLC
- 2020-10-01🔒Charge registered #5Lender: Paragon Bank PLC
- 2020-07-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-07-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-07-28🔓Charge satisfied #3
- 2020-07-28🔓Charge satisfied #2
- 2020-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-03-23🔒Charge registered #4Lender: Paragon Bank PLC
- 2020-02-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-21🔒Charge registered #3Lender: Bank of Scotland PLC
- 2018-03-21🔒Charge registered #2Lender: Bank of Scotland PLC
- 2018-02-23🔒Charge registered #1Lender: Bank of Scotland PLC
- 2013-05-23🏢Company incorporatedAs FORTIS PROPERTY LETTINGS LTD
- 2013-05-23➕WOOD, Alistair Ian appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alistair Ian Wood Individual · British · DOB 01/1970 · age 56 | 75–100% | — | 75-100% shares | 01/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 01/10/2020 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 01/10/2020 | — | |
| outstanding | Paragon Paragon Bank PLC / Paragon Mortgages (2010) Limited | A registered charge | 1 property | 23/03/2020 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/03/2018 | 28/07/2020 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/03/2018 | 28/07/2020 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 23/02/2018 | 01/11/2023 |