NORDMAN PROPERTY LTD
Opportunity 75/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 10.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £622.5k | £566.2k |
| Cash | £203.7k | £135.0k |
| Net assets | £550.0k | £493.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (23 events)Click to expand
- 2025-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-19🔓Charge satisfied #1
- 2022-07-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-15🔒Charge registered #4Lender: Ellisys Group Sa
- 2022-07-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-12🔒Charge registered #3Lender: Andrew Monro Norrie
- 2022-07-12🔒Charge registered #2Lender: Michael Paul Dearman
- 2022-04-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-12-16🔒Charge registered #1Lender: Quarch Technology Limited
- 2015-08-11🏢Company incorporatedAs NORDMAN PROPERTY LTD
- 2015-08-11➕DEARMAN, Michael Paul appointeddirector
- 2015-08-11➕NORRIE, Andrew Monro appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Paul Dearman Individual · British · DOB 11/1974 · age 52 | 50–75% | — | 50-75% shares | 01/07/2016 |
Mr Andrew Monro Norrie Individual · British · DOB 08/1980 · age 46 | 25–50% | — | 25-50% shares | 01/07/2016 |
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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| ROBBO PROP CO LTD→ SC694969 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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| SOLID ASSET PROPERTIES LTD→ SC552923 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| SRC PROPERTIES LTD→ SC536416 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| SSE OWS GLASGOW LIMITED→ SC228283 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
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 →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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ellisys Group Sa | A registered charge | 1 property | 15/07/2022 | — | |
| outstanding | Andrew Monro Norrie | A registered charge | 1 property | 12/07/2022 | — | |
| outstanding | Michael Paul Dearman | A registered charge | 1 property | 12/07/2022 | — | |
| satisfied | Quarch Technology Quarch Technology Limited | A registered charge | 1 property | 16/12/2015 | 19/07/2022 |