SOLID ASSET PROPERTIES LTD

🏛️Establishedactive
SC552923 · ltd · incorporated 2016-12-19
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.
Why now
Window steady · low confidence
Asset base steady — strong defensive profile, no urgency cue.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (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: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (21 events)Click to expand
  1. 2025-04-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-08-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-11-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-07-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-12-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-12-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-12-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-12-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-08-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-09-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-08-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2017-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2017-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2017-12-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2016-12-19
    🏢
    Company incorporated
    As SOLID ASSET PROPERTIES LTD
  18. 2016-12-19
    ➕
    MICHEL, Jane Pamela appointed
    director
  19. 2016-12-19
    ➕
    MICHEL, Murray appointed
    director
  20. 2016-12-19
    ➕
    MICHEL, Sarah Elizabeth appointed
    director
  21. 2016-12-19
    ➕
    MICHEL, Timothy Ian appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Timothy Ian Michel
Individual · British · DOB 08/1949 · age 77
25–50%
25–50%25-50% shares · 25-50% voting19/12/2016
Mrs Jane Pamela Michel
Individual · British · DOB 05/1950 · age 76
25–50%
25–50%25-50% shares · 25-50% voting19/12/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2016-12-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Foothills Perth Road
Abernethy
Perth
PH2 9LW
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (4 active · 0 resigned)

MICHEL, Jane Pamela→
director · ~76y · appointed 2016-12-19
View their other companies + combined net worth →
Active
MICHEL, Murray→
director · ~49y · appointed 2016-12-19
View their other companies + combined net worth →
Active
MICHEL, Sarah Elizabeth→
director · ~48y · appointed 2016-12-19
View their other companies + combined net worth →
Active
MICHEL, Timothy Ian→
director · ~77y · appointed 2016-12-19
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-dormant
accounts · AA
2025-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-dormant
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
accounts-with-accounts-type-dormant
accounts · AA
2023-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-28
accounts-with-accounts-type-dormant
accounts · AA
2022-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-22
change-person-director-company-with-change-date
officers · CH01
2021-12-22
change-person-director-company-with-change-date
officers · CH01
2021-12-22
accounts-with-accounts-type-dormant
accounts · AA
2021-08-18