FRASER PROPERTIES LIMITED

💤Zombieactive
SC583518 · ltd · incorporated 2017-12-11
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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
£334.9k
book net assets
Opportunity
68/100
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
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 6.6y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.6 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
30 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
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £334,930

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£335k
↑ 112% YoY
Current Assets
£21k
↓ 88% YoY
Current Liabilities
£0£67k£134k£201k£268k£335kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£601.7k£352.0k
Current assets£21.1k£171.4k
Net assets£334.9k£158.2k

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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-10-03
    🔒
    Charge registered #8
    Lender: Paratus Amc Limited
  4. 2025-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-10-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-10-02
    🔓
    Charge satisfied #5
  7. 2025-10-02
    🔓
    Charge satisfied #4
  8. 2025-09-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-09-05
    🔒
    Charge registered #7
    Lender: Paratus Amc Limited
  10. 2025-07-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2025-06-27
    🔒
    Charge registered #6
    Lender: Paratus Amc Limited
  12. 2025-02-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2025-02-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2025-02-13
    🔓
    Charge satisfied #2
  15. 2025-02-13
    🔓
    Charge satisfied #1
  16. 2024-11-26
    📄
    memorandum-articles
    incorporation · MA
  17. 2024-11-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-11-14
    🔒
    Charge registered #5
    Lender: Spf Bridging LTD
  19. 2024-11-13
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2024-11-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-11-06
    🔒
    Charge registered #4
    Lender: Spf Bridging LTD
  22. 2024-10-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  24. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  25. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  26. 2020-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  27. 2020-07-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2020-07-15
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  29. 2019-10-25
    🔒
    Charge registered #2
    Lender: Santander UK PLC
  30. 2019-10-21
    🔒
    Charge registered #1
    Lender: Santander UK PLC, as Security Trustee
  31. 2017-12-11
    🏢
    Company incorporated
    As FRASER PROPERTIES LIMITED
  32. 2017-12-11
    FRASER, Blair appointed
    director

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "FRASER" — strong identity link between founder and business.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-10-03: A registered charge; 2025-09-05: A registered charge; 2025-06-27: A registered charge

Charge satisfaction-then-recreation pattern
medium

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%
NameSharesVoting rightsNature of controlNotified
Mr Blair Fraser
Individual · British · DOB 01/1991 · age 35
75100%
75–100%75-100% shares · 75-100% voting11/12/2017

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2017-12-11
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Fraser Signs
Unit 3, 42 Harbour Road
Inverness
IV1 1UF
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10

Officers (1 active · 0 resigned)

FRASER, Blair
director · ~35y · appointed 2017-12-11
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
4
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property03/10/2025
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property05/09/2025
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property27/06/2025
satisfied
Spf Bridging
Spf Bridging LTD
A registered charge1 property14/11/202402/10/2025
satisfied
Spf Bridging
Spf Bridging LTD
A registered charge06/11/202402/10/2025
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property15/07/2020
satisfied
Santander
Santander UK PLC
A registered charge2 properties25/10/201913/02/2025
satisfied
Santander
Santander UK PLC, as Security Trustee
A registered charge21/10/201913/02/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-13
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-31
memorandum-articles
incorporation · MA
2024-11-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
resolution
resolution · RESOLUTIONS
2024-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-23