SCHOLES LIMITED

🏛️Establishedactive

SC589210 · ltd · incorporated 2018-02-19

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-35.5k

book net assets

Opportunity

78/100

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

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -89% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 8.3y

45/100

under pressure

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

· Oldest live charge is 8.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

3 officers (3 active, 3 linked, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

19 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £35,498

Very low cash

Cash position: £48

Cash draining

Cash down 89% YoY

Cash YoY

-89%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£48

↓ 89% YoY

Net Worth

-£35k

↑ 5.5% YoY

Current Assets

£48

↓ 89% 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	£312.8k	£313.4k
Current assets	£48	£428
Cash	£48	£428
Net assets	£-35.5k	£-37.6k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-10-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-04-05
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2018-03-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-03-19
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2018-02-19
🏢
Company incorporated
As SCHOLES LIMITED
2018-02-19
➕
SCHOLES, Debbie appointed
director
2018-02-19
➕
SCHOLES, Leonard James appointed
director
2018-02-19
➕
SCHOLES, Marcus James appointed
director
2018-02-19
📄
change-account-reference-date-company-current-extended
accounts · AA01
2018-02-19
📄
incorporation-company
incorporation · NEWINC

Owner dependency

81/100

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

+Founder name in company name: Company name contains director surname "SCHOLES" — strong identity link between founder and business.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.

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

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Marcus James Scholes Individual · British · DOB 06/1999 · age 27	25–50%	25–50%	25-50% shares · 25-50% voting	19/02/2018
Mrs Debbie Scholes Individual · British · DOB 08/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	19/02/2018
Mr Leonard James Scholes Individual · British · DOB 05/1967 · age 59	25–50%	25–50%	25-50% shares · 25-50% voting	19/02/2018

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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6 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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2018-02-19

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Strathgary Craigiefield Road

St. Ola

Kirkwall

Orkney

KW15 1UJ

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-04

Last: 2026-02-18

Officers (3 active · 0 resigned)

SCHOLES, Debbie→

director · ~53y · appointed 2018-02-19

View their other companies + combined net worth →

Active

SCHOLES, Leonard James→

director · ~59y · appointed 2018-02-19

View their other companies + combined net worth →

Active

SCHOLES, Marcus James→

director · ~27y · appointed 2018-02-19

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	05/04/2018	—
	outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	19/03/2018	—

Click column headers to sort. Use filters above to narrow by status and lender.