PERTH CITY APARTMENTS LIMITED

🏛️Establishedactive

SC603815 · ltd · incorporated 2018-07-27

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.

Why now

Window steady · medium confidence

Mixed signals — 2 changes over 30 days, no clear direction yet.

· Distress / opportunity: avoid → speculative
· Filings: 16 → 21

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 7.1y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Filings: 16 → 21
·Distress / opportunity: avoid → speculative

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 Apr 2026

Net worth

£-32.7k

book net assets

Opportunity

79/100

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 79/100 (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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 7.1y

85/100

ready

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

· Oldest live charge is 7.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (86/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

21 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

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 · accounting standard not declared

Negative net assets

Liabilities exceed assets by £32,749

Cash YoY

+1084%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£42k

↑ 1084% YoY

Net Worth

-£33k

↑ 49% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-04-30	2025-07-31	2024-07-31
Total assets	£-32.7k	£-64.0k	£-49.8k
Cash	£42.0k	£3.5k	—
Net assets	£-32.7k	£-64.0k	£-49.8k

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

filings

• 1 dissolution
• 1 gazette

Last 90 days

filings

• 2 dissolution
• 2 accounts
• 1 gazette

Last 180 days

filings

• 2 dissolution
• 2 accounts
• 1 gazette

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-07-11
📄
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2026-07-07
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2026-06-04
📄
dissolution-application-strike-off-company
dissolution · DS01
2026-05-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-14
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-06-19
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2018-07-27
🏢
Company incorporated
As PERTH CITY APARTMENTS LIMITED
2018-07-27
➕
SWAN, Derek appointed
director
2018-07-27
➕
SWAN, Sarah appointed
director
2018-07-27
📄
incorporation-company
incorporation · NEWINC

Owner dependency

79/100

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.
+Senior director age: Director aged approximately 60 — 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 signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Derek Swan Individual · British · DOB 12/1966 · age 60	25–50%	—	25-50% shares	27/07/2018
Mrs Sarah Swan Individual · British · DOB 09/1968 · age 58	25–50%	—	25-50% shares	27/07/2018

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 →

Similar companies

Active · Property · PH postcode area

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RIVERSDALE MARKETING (SCOTLAND) LIMITED→ SC197233 · est 1999	£6.31M £5.37M–£7.26M	—	£6.31M	—	27y	83	61y
D.A.KENNEDY (DEVELOPMENTS) LIMITED→ SC132298 · est 1991	£1.25M £1.07M–£1.44M	—	£1.25M	—	35y	82	79y
DUNKELD MEDICAL SERVICES LIMITED→ SC374226 · est 2010	£588.3k £500.0k–£676.5k	—	£588.3k	—	16y	82	62y
RS DEVELOPMENTS SCOTLAND LIMITED→ SC267210 · est 2004	£377.0k £320.4k–£433.5k	—	£377.0k	—	22y	82	75y
PITLOCHRY LIMITED→ SC237019 · est 2002	£258.4k £219.6k–£297.1k	—	£258.4k	—	23y	82	74y
EVERT PROPERTY LIMITED→ SC187426 · est 1998	£172.2k £146.4k–£198.1k	—	£172.2k	—	27y	82	85y
A. M. MACDONALD (ELECTRICAL ENGINEERS) LIMITED→ SC063317 · est 1977	£164.5k £139.8k–£189.2k	—	£164.5k	—	48y	82	84y
MCKERCHAR & MACNAUGHTON LIMITED→ SC033621 · est 1959	£111.7k £95.0k–£128.5k	—	£111.7k	—	67y	82	92y
FEAL BUSINESS DEVELOPMENT LIMITED→ SC229463 · est 2002	£86.7k £73.7k–£99.7k	—	£86.7k	—	24y	82	71y
STANDCO LIMITED→ SC211193 · est 2000	£69.3k £58.9k–£79.7k	—	£69.3k	—	25y	82	74y
5-S CONSTRUCTION LIMITED→ SC312100 · est 2006	£66.8k £56.8k–£76.9k	—	£66.8k	—	19y	83	62y
GERARD CAMERON PROPERTIES LIMITED→ SC192577 · est 1999	£57.3k £48.7k–£65.9k	—	£57.3k	—	27y	82	71y

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

🔒Tailored diligence questions

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.

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.

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Company details

Statusactive

Typeltd

Incorporated2018-07-27

Jurisdictionscotland

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

Registered office

11 Barossa Place

Perth

PH1 5HG

United Kingdom

Filing status

Accounts

Next due: 2028-01-31

Last made up to: 2026-04-30

Confirmation statement

Next due: 2026-08-09

Last: 2025-07-26

Officers (2 active · 0 resigned)

SWAN, Derek→

director · ~60y · appointed 2018-07-27

View their other companies + combined net worth →

Active

SWAN, Sarah→

director · ~58y · appointed 2018-07-27

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:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	19/06/2019	—

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

Recent filings (21 total)

dissolution-voluntary-strike-off-suspended

dissolution · SOAS(A)

2026-07-11

gazette-notice-voluntary

gazette · GAZ1(A)

2026-07-07

dissolution-application-strike-off-company

dissolution · DS01

2026-06-04