LEMAC PROPCO LIMITED

🌳Matureactive
SC476076 · ltd · incorporated 2014-04-24
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
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
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (83/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (4 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees4400

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-15
    ➕
    FACENNA, David John appointed
    director
  8. 2022-08-15
    ➕
    FACENNA, Gerald Carlo appointed
    director
  9. 2022-08-15
    ➕
    FACENNA, Peter Ewen appointed
    director
  10. 2022-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2022-07-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2022-07-16
    ➖
    PATERSON, Iain Angus resigned
    secretary
  15. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-04-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2020-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2020-03-06
    ➖
    FACENNA, Michael Angelo resigned
    director
  19. 2020-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2019-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2018-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2015-03-04
    ➕
    PATERSON, Iain Angus appointed
    secretary
  23. 2014-04-24
    🏢
    Company incorporated
    As LEMAC PROPCO LIMITED
  24. 2014-04-24
    ➕
    FACENNA, Geraldo appointed
    director
  25. 2014-04-24
    ➕
    FACENNA, Michael Angelo appointed
    director

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

33/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — FACENNA, David John (same surname) appointed 2022-08-15. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 12 years.
  • 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.)

Group structure

Lemac Newco Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lemac Newco Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LEMAC PROPCO LIMITED
This company · SC476076

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Lemac Newco Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016

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
Incorporated2014-04-24
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

230 Balmore Road
Glasgow
G22 6LJ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-08
Last: 2026-04-24

Officers (4 active · 2 resigned)

FACENNA, David John→
director · ~49y · appointed 2022-08-15
View their other companies + combined net worth →
Active
FACENNA, Gerald Carlo→
director · ~51y · appointed 2022-08-15
View their other companies + combined net worth →
Active
FACENNA, Geraldo→
director · ~74y · appointed 2014-04-24
View their other companies + combined net worth →
Active
FACENNA, Peter Ewen→
director · ~47y · appointed 2022-08-15
View their other companies + combined net worth →
Active
PATERSON, Iain Angus→
secretary · appointed 2015-03-04 · resigned 2022-07-16
Resigned
FACENNA, Michael Angelo→
director · ~79y · appointed 2014-04-24 · resigned 2020-03-06
Resigned

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

Recent filings (37 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-27
change-person-director-company-with-change-date
officers · CH01
2024-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
change-person-director-company-with-change-date
officers · CH01
2023-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
appoint-person-director-company-with-name-date
officers · AP01
2022-08-15
appoint-person-director-company-with-name-date
officers · AP01
2022-08-15
appoint-person-director-company-with-name-date
officers · AP01
2022-08-15
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-25