LG PROPERTY LETS LIMITED
🌳Matureactive
SC508900 · ltd · incorporated 2015-06-19
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 Jun 2024
Net worth
£-52.4k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
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
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
2 connected companies via shared directors
51
Filing history
21 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £52,430
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£52k
↓ 146% YoY
Current Assets
£11k
↓ 4.6% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Total assets | £-52.4k | £-21.3k |
| Current assets | £10.8k | £11.3k |
| Cash | — | £330 |
| Debtors | £60 | £250 |
| Net assets | £-52.4k | £-21.3k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-07-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-03-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-03-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-04-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-06-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-19🏢Company incorporatedAs LG PROPERTY LETS LIMITED
- 2015-06-19➕WANLESS, George Mcgee appointeddirector
- 2015-06-19➕WANLESS, Louise Catherine appointeddirector
- 2015-06-19📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
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.
- +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 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Louise Catherine Wanless Individual · British · DOB 06/1971 · age 55 | 25–50% | — | 25-50% shares | 06/06/2020 |
Mr George Mcgee Wanless Individual · British · DOB 03/1969 · age 57 | 25–50% | — | 25-50% shares | 01/06/2017 |
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 · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KOP ESTATES LIMITED→ SC859785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KRATOS INVESTMENTS (UK) LIMITED→ SC539392 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| L.T.D. PROPERTIES LTD→ SC638974 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| LADBROOK PROPERTY INVESTMENTS LIMITED→ SC692464 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| LJR ENTERPRISES LTD→ SC803103 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LL INVESTMENTS AND DEVELOPMENTS LTD→ SC811086 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LOCHEND LEASE LIMITED→ SC345045 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| LRMS HOLDINGS LTD→ SC842612 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LS41 LTD→ SC760525 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| LSM PROPERTY LIMITED→ SC538188 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| M.B. PROPERTY COMPANY (EDINBURGH) LIMITED→ SC077601 · est 1982 · no financials extracted | — | — | — | — | 44y | — | — |
| MACK. PROPERTIES LTD→ SC431229 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2015-06-19
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Castlecroft Business Centre
Tom Johnston Road
Dundee
DD4 8XD
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19
Officers (2 active · 0 resigned)
WANLESS, George Mcgee→
Activedirector · ~57y · appointed 2015-06-19
View their other companies + combined net worth →
WANLESS, Louise Catherine→
Activedirector · ~55y · appointed 2015-06-19
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (21 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-15
accounts-with-accounts-type-dormant
accounts · AA
2019-03-20