CDS PROPERTIES (NORTHERN) LIMITED
🏛️Establishedactive
SC537855 · ltd · incorporated 2016-06-14
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
£-138.8k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 72/100 (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. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
17 live charges · 9 lenders · oldest 9.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.6 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)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
17 charges (17/17 with lender, 17/17 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
3 connected companies via shared directors
54
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £138,801
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
Net Worth
-£139k
↓ 52% YoY
Current Assets
£76k
↑ 5.2% 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 | £864.9k | £823.9k |
| Current assets | £76.0k | £72.3k |
| Cash | £2.1k | — |
| Debtors | £73.9k | £72.3k |
| Net assets | £-138.8k | £-91.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-06🔓Charge satisfied #15
- 2024-09-06🔓Charge satisfied #8
- 2024-06-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-24🔒Charge registered #17Lender: The Mortgage Lender Limited
- 2024-06-24🔒Charge registered #16Lender: The Mortgage Lender Limited
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-11-18🔓Charge satisfied #11
- 2022-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-31🔒Charge registered #15Lender: David Charles Smith, as Trustees of the Cds Investment Ssas
- 2022-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-11🔒Charge registered #14Lender: The Mortgage Lender Limited
- 2022-08-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-03🔓Charge satisfied #12
- 2022-05-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-24🔒Charge registered #13Lender: The Mortgage Lender Limited
- 2022-04-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-19🔓Charge satisfied #6
- 2022-02-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-05🔓Charge satisfied #7
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-17🔒Charge registered #12Lender: Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time (the Lender), 8 John Arthur Court, Kingswells, Aberdeen, AB15 8TA
- 2020-05-08🔒Charge registered #11Lender: Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time.
- 2020-03-24🔒Charge registered #10Lender: Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time.
- 2019-12-24🔒Charge registered #9Lender: Shawbrook Bank Limited
- 2019-09-02🔒Charge registered #8Lender: Empowered Pensions Limited as Security Trustee
- 2019-01-21🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2019-01-14🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2018-05-14🔒Charge registered #5Lender: Aldermore Bank PLC
- 2018-05-10🔒Charge registered #4Lender: Aldermore Bank PLC
- 2018-02-09🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2017-10-31🔓Charge satisfied #2
- 2017-10-31🔓Charge satisfied #1
- 2016-10-12🔒Charge registered #2Lender: Masthaven Finance Limited
- 2016-09-22🔒Charge registered #1Lender: Masthaven Finance Limited
- 2016-06-14🏢Company incorporatedAs CDS PROPERTIES (NORTHERN) LIMITED
- 2016-06-14➕SMITH, Christine Anne appointeddirector
- 2016-06-14➕SMITH, David Charles appointeddirector
Owner dependency
79/100
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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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.
9 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 |
|---|---|---|---|---|
Mrs Christine Anne Smith Individual · British · DOB 09/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/06/2016 |
Mr David Charles Smith Individual · British · DOB 03/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/06/2016 |
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 |
|---|---|---|---|---|---|---|---|
| BTHM PROPERTIES LIMITED→ SC552888 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| C-BIRD LIMITED→ SC630130 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CHESSER PROPERTIES LIMITED→ SC111863 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| CHISHOLM PROPERTY MANAGEMENT LTD→ SC841884 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CHONG CAPITAL LIMITED→ SC305354 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| CHRIS REIS & CO. LTD→ SC665757 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CIR PROPERTY INVESTMENT LTD→ SC654556 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CITY (SCOTLAND) LIMITED→ SC475222 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| CITY AND TOWN INVESTMENT GROUP LTD→ SC871660 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CITY LIGHTS (SCOTLAND) LTD→ SC660222 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CITY WALL PROPERTIES (SCOTLAND) LIMITED→ SC153558 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| CJMT LIMITED→ SC742114 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2016-06-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
C/O Property Accounts Limited
27 Lauriston Street
Edinburgh
EH3 9DQ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 0 resigned)
SMITH, Christine Anne→
Activedirector · ~60y · appointed 2016-06-14
View their other companies + combined net worth →
SMITH, David Charles→
Activedirector · ~63y · appointed 2016-06-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
17
Total charges
9
Outstanding
4
Active lenders
Status:Lender:17 of 17 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 2 properties | 24/06/2024 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 24/06/2024 | — | |
| satisfied | David Charles Smith, as Trustees of the Cds Investment Ssas / Empowered Trustees as Trustees of the Cds Investment Ssas / Empowered Pensions as Trustees of the Cds Investment Ssas David Charles Smith, as Trustees of the Cds Investment Ssas / Empowered Trustees LTD as Trustees of the Cds Investment Ssas / Empowered Pensions Limited as Trustees of the Cds Investment Ssas | A registered charge | 13 properties | 31/08/2022 | 06/09/2024 | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 2 properties | 11/08/2022 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 24/05/2022 | — | |
| satisfied | Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time (the Lender), 8 John Arthur Court, Kingswells, Aberdeen, AB15 8TA | A registered charge | 3 properties | 17/06/2021 | 03/08/2022 | |
| satisfied | Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time. | A registered charge | 1 property | 08/05/2020 | 18/11/2022 | |
| outstanding | Trustees of the Cds Investment Ssas (Pstr 20000159RQ) Constituted by Definitive Trust Deed and Rules Dated 20 August 2018 as Supplemented and Amended from Time to Time. | A registered charge | 1 property | 24/03/2020 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 24/12/2019 | — | |
| satisfied | Empowered Pensions as Security Trustee Empowered Pensions Limited as Security Trustee | A registered charge | 1 property | 02/09/2019 | 06/09/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 21/01/2019 | 05/02/2022 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 14/01/2019 | 19/02/2022 | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 14/05/2018 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 10/05/2018 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 09/02/2018 | — | |
| satisfied | Masthaven Finance Masthaven Finance Limited | A registered charge | 1 property | 12/10/2016 | 31/10/2017 | |
| satisfied | Masthaven Finance Masthaven Finance Limited | A registered charge | — | 22/09/2016 | 31/10/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (47 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-06
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-23
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-08