CITY PROPERTY LETTING LTD
Opportunity 70/100 (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. 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
6 live charges · 4 lenders · oldest 9.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £437.4k | — |
| Current assets | £4.9k | — |
| Net assets | £68.1k | — |
| Average employees | — | 100 |
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 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (27 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-06🔒Charge registered #6Lender: Aldermore Bank PLC
- 2022-09-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-12🔓Charge satisfied #1
- 2021-12-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-16🔓Charge satisfied #4
- 2021-12-07🔒Charge registered #5Lender: Aldermore Bank PLC
- 2021-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-22🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2019-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-15🔒Charge registered #3Lender: Charter Court Financial Services Limited
- 2018-12-10📄change-person-director-company-with-change-dateofficers · CH01
- 2018-12-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-12-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-04-13🔒Charge registered #2Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
- 2017-03-09🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2016-12-08🏢Company incorporatedAs CITY PROPERTY LETTING LTD
- 2016-12-08➕MCCREA, Stephen David appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 9 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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen David Mccrea Individual · British · DOB 08/1974 · age 52 | 75–100% | — | 75-100% shares | 08/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| CITY WALL PROPERTIES (SCOTLAND) LIMITED→ SC153558 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| CJMT LIMITED→ SC742114 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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 →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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 06/02/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 07/12/2021 | — | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 22/10/2019 | 16/12/2021 | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 15/02/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited Trading as Precise Mortgages | A registered charge | 1 property | 13/04/2018 | — | |
| satisfied | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 09/03/2017 | 12/05/2022 |