NICOLL PROPERTIES LIMITED

🌳Matureactive
SC493903 · ltd · incorporated 2014-12-22
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
74/100
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: property-backed borrower with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 3.9y

75/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Charge age ~3.9 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
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
2 connected companies via shared directors
51
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
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£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Average employees200200

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 mortgage
Last 180 days
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-04-07
    🔓
    Charge satisfied #2
  3. 2025-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-12-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-12-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-02-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-06-06
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2022-06-28
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  14. 2022-06-28
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  15. 2022-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-06-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-03-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2021-03-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2021-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  22. 2021-03-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2014-12-22
    🏢
    Company incorporated
    As NICOLL PROPERTIES LIMITED
  24. 2014-12-22
    ➕
    NICOLL, Grant appointed
    director
  25. 2014-12-22
    ➕
    NICOLL, Sarah Louise appointed
    director

Owner dependency

86/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "NICOLL" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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 Grant Nicholl
Individual · British · DOB 11/1976 · age 50
75–100%
—75-100% shares01/07/2016
Mrs Sarah Louise Nicholl
Individual · British · DOB 12/1981 · age 45
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

6 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
Incorporated2014-12-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Mountboy Stables
Mountboy
Montrose
DD10 9TN
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (2 active · 0 resigned)

NICOLL, Grant→
director · ~50y · appointed 2014-12-22
View their other companies + combined net worth →
Active
NICOLL, Sarah Louise→
director · ~45y · appointed 2014-12-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Paragon
Paragon Bank PLC
A registered charge1 property28/06/202207/04/2026
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property28/06/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-16
change-person-director-company-with-change-date
officers · CH01
2024-12-16
change-person-director-company-with-change-date
officers · CH01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-12
capital-name-of-class-of-shares
capital · SH08
2023-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-06