TLS PROPERTIES (MORAY) LTD

🌳Matureactive
SC480341 · ltd · incorporated 2014-06-18
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 4 signals strengthening over the last 30 days.
  • · Hygiene score: 50 → 70
  • · Deal-killer verdict: complicated → clean
  • · Bankability: 55 → 65
  • · Filings: 22 → 23
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 4 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 0 negative.

  • ↑Deal-killer verdict: complicated → clean
  • ↑Hygiene score: 50 → 70
  • ↑Bankability: 55 → 65
  • ↑Filings: 22 → 23
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£176.7k
book net assets
Opportunity
70/100
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
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 70/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (85/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
23 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
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £176,733
Cash YoY
+263%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£52k
↑ 263% YoY
Net Worth
£177k
↑ 30% YoY
Current Assets
£53k
↑ 252% YoY
Current Liabilities
—
£0£35k£71k£106k£141k£177kJun 2023Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-302023-06-30
Total assets£190.2k£149.7k£129.8k
Current assets£52.5k£14.9k£12.3k
Cash£51.9k£14.3k£11.6k
Debtors£676£630£654
Net assets£176.7k£136.2k£116.3k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-11-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-08-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-07-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-06-18
    🏢
    Company incorporated
    As TLS PROPERTIES (MORAY) LTD
  15. 2014-06-18
    ➕
    SMITH, Lynn appointed
    director
  16. 2014-06-18
    ➕
    SMITH, Trevor appointed
    director
  17. 2014-06-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

79/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

54/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-28

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Lynn Smith
Individual · British · DOB 09/1968 · age 58
25–50%
—25-50% shares01/07/2016
Mr Trevor Smith
Individual · British · DOB 10/1966 · age 60
25–50%
—25-50% shares01/07/2016

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 →

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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
Incorporated2014-06-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

15 Macpherson Street
Hopeman
Elgin
Morayshire
IV30 5TG

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-28OVERDUE
Last: 2025-06-14

Officers (2 active · 0 resigned)

SMITH, Lynn→
director · ~58y · appointed 2014-06-18
View their other companies + combined net worth →
Active
SMITH, Trevor→
director · ~60y · appointed 2014-06-18
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-29