APPIN PROPERTY COMPANY LIMITED
🏛️Establishedactive
SC592239 · ltd · incorporated 2018-03-22
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 6.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£36.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 79/100 (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 (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 6.4y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 6.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
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
Network not yet resolved
30
Filing history
27 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
79/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £36,346
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£36k
↑ 51% YoY
Current Assets
£18k
↑ 108% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £256.9k | £244.6k |
| Current assets | £17.8k | £8.5k |
| Net assets | £36.3k | £24.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
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 (23 events)Click to expand
- 2025-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-15🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2022-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-28🔒Charge registered #2Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
- 2021-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-26🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2019-06-06📄capital-allotment-sharescapital · SH01
- 2019-04-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-03-22🏢Company incorporatedAs APPIN PROPERTY COMPANY LIMITED
- 2018-03-22➕STEWART, Gillian Simpson appointeddirector
- 2018-03-22➕STEWART, Mark Steven appointeddirector
Owner dependency
79/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mark Steven Stewart Individual · British · DOB 04/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/03/2018 |
Gillian Simpson Stewart Individual · British · DOB 05/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/03/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| ARMSTRONG REAL ESTATE LTD→ SC777195 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ASHBANK YARDS LTD→ SC690980 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ASPIDISTRA LIMITED→ SC049804 · est 1972 · no financials extracted | — | — | — | — | 54y | — | — |
| AST GLOBAL SOLUTIONS LIMITED→ SC883331 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated2018-03-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
7-11 Melville Street
Edinburgh
EH3 7PE
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20
Officers (2 active · 0 resigned)
STEWART, Gillian Simpson→
Activedirector · ~51y · appointed 2018-03-22
View their other companies + combined net worth →
STEWART, Mark Steven→
Activedirector · ~58y · appointed 2018-03-22
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 15/11/2022 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited Trading as Precise Mortgages | A registered charge | 1 property | 28/06/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 26/11/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (27 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-20
change-person-director-company-with-change-date
officers · CH01
2025-10-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-14
change-person-director-company-with-change-date
officers · CH01
2025-10-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-23