ADAERO PROPERTY INVESTMENTS LIMITED
🌳Matureactive
SC528527 · ltd · incorporated 2016-03-03
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£257.1k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 57/100. 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
9 live charges · 6 lenders · oldest 8.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.8 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)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
9 charges (9/9 with lender, 9/9 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
13 connected companies via shared directors
84
Filing history
37 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
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £257,050
Net assets shrinking
Down £3,841 YoY
Cash YoY
+122%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£71k
↑ 122% YoY
Net Worth
£257k
↓ 1.5% YoY
Current Assets
£373k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £838.6k | £765.9k |
| Current assets | £373.3k | £321.5k |
| Cash | £71.4k | £32.1k |
| Debtors | £301.9k | £289.4k |
| Net assets | £257.1k | £260.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-14🔒Charge registered #9Lender: West One Secured Loans Limited
- 2024-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-11📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-06-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-13🔓Charge satisfied #4
- 2023-06-13🔓Charge satisfied #3
- 2023-06-12🔒Charge registered #8Lender: Shawbrook Bank Limited
- 2023-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-01-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-28🔒Charge registered #7Lender: Lendinvest Btl Limited
- 2021-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-06🔒Charge registered #6Lender: Lendinvest Btl Limited
- 2021-05-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-05🔒Charge registered #5Lender: The Mortgage Lender Limited
- 2021-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-26🔓Charge satisfied #2
- 2018-06-26🔓Charge satisfied #1
- 2018-06-14🔒Charge registered #4Lender: Redwood Bank Limited
- 2018-06-12🔒Charge registered #3Lender: Redwood Bank Limited
- 2017-06-20🔒Charge registered #2Lender: Peninsula Finance PLC
- 2017-06-19🔒Charge registered #1Lender: Peninsula Finance PLC
- 2016-03-03🏢Company incorporatedAs ADAERO PROPERTY INVESTMENTS LIMITED
- 2016-03-03➕DORNAN, Christopher appointeddirector
- 2016-03-03➕WHARTON, Tsen Richard Farrington appointeddirector
Owner dependency
63/100
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.
- +No director turnover: Company is 10 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Tsen Richard Farrington Wharton Individual · British · DOB 05/1980 · age 46 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Christopher Dornan Individual · British · DOB 09/1982 · age 44 | 25–50% | — | 25-50% shares | 06/04/2016 |
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 →Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AKM LETTINGS LTD→ SC873885 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AL05MAC LTD→ SC475347 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ALA CONSULTANTS (EDINBURGH) LTD→ SC495245 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ALBANY BUSINESS CENTRES LIMITED→ SC096020 · est 1985 · no financials extracted | — | — | — | — | 40y | — | — |
| ALBANY PROPERTY INVESTMENTS LIMITED→ SC173314 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| ALBANY STUDIOS AND SERVICES LIMITED→ SC072229 · est 1980 · no financials extracted | — | — | — | — | 45y | — | — |
| ALEXANDER PROPERTIES GROUP LTD.→ SC883418 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALEXANDER PROPERTY RENTALS LIMITED→ SC856845 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALFRED STEWART PROPERTIES LIMITED→ SC055625 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| ALFRED STEWART PROPERTY FOUNDATION LIMITED→ SC363663 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALI GROUP LTD→ SC650692 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALLAHKAYE LTD→ SC805805 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2016-03-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Bankhead House
Bankhead
East Linton
East Lothian
EH40 3DX
Scotland
Filing status
Accounts
Next due: 2026-12-29
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 0 resigned)
DORNAN, Christopher→
Activedirector · ~44y · appointed 2016-03-03
View their other companies + combined net worth →
WHARTON, Tsen Richard Farrington→
Activedirector · ~46y · appointed 2016-03-03
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
5
Outstanding
4
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 1 property | 14/03/2025 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 12/06/2023 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 28/01/2022 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 06/09/2021 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 05/05/2021 | — | |
| satisfied | Redwood Bank Redwood Bank Limited | A registered charge | 1 property | 14/06/2018 | 13/06/2023 | |
| satisfied | Redwood Bank Redwood Bank Limited | A registered charge | 1 property | 12/06/2018 | 13/06/2023 | |
| satisfied | Peninsula Finance Peninsula Finance PLC | A registered charge | 1 property | 20/06/2017 | 26/06/2018 | |
| satisfied | Peninsula Finance Peninsula Finance PLC | A registered charge | 1 property | 19/06/2017 | 26/06/2018 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (37 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-28