PAINTED OVAL LTD

🏛️Establishedactive
SC559553 · ltd · incorporated 2017-03-06
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. 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 (58/100).

🏦

Refinance opportunity

3 live charges · oldest 5.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 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
1 connected companies via shared directors
48
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees2200

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2021-03-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2021-03-01
    🔒
    Charge registered #3
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  11. 2021-03-01
    🔒
    Charge registered #2
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  12. 2021-03-01
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  13. 2019-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-05-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-05-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-05-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-03-06
    🏢
    Company incorporated
    As PAINTED OVAL LTD
  19. 2017-03-06
    ➕
    KERNAGHAN, Jennifer appointed
    director
  20. 2017-03-06
    ➕
    KERNAGHAN, Robert Alexander appointed
    director
  21. 2017-03-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Robert Alexander Kernaghan
Individual · British · DOB 04/1975 · age 51
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/03/2017
Mrs Jennifer Kernaghan
Individual · British · DOB 04/1977 · age 49
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/03/2017

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 →

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UREKARMA PROPERTY GROUP LTD→
SC698887 · est 2021 · no financials extracted
————4y——
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————4y——
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
Incorporated2017-03-06
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

12 Kingfisher Place
Broughty Ferry
Dundee
DD5 3JZ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-01
Last: 2025-09-17

Officers (2 active · 0 resigned)

KERNAGHAN, Jennifer→
director · ~49y · appointed 2017-03-06
View their other companies + combined net worth →
Active
KERNAGHAN, Robert Alexander→
director · ~51y · appointed 2017-03-06
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property01/03/2021—
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property01/03/2021—
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property01/03/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-05