GX2 PROPERTIES LTD
💤Zombieactive
SC612115 · ltd · incorporated 2018-10-30
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
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
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 6.8y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
23 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.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-19🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2022-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-12-15🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2020-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-09-19🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2019-07-10➖MACFARLANE, Gillian Cunningham resigneddirector
- 2019-07-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-07-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-02🔒Charge registered #1Lender: Kensington Mortgage Company Limited
- 2019-03-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-03-27➕MACFARLANE, Gillian Cunningham appointeddirector
- 2018-11-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-10-30🏢Company incorporatedAs GX2 PROPERTIES LTD
- 2018-10-30➕MACFARLANE, Gordon Donald appointeddirector
- 2018-10-30📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gordon Donald Macfarlane Individual · Scottish · DOB 11/1975 · age 51 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/10/2018 |
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 · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EASYDONE LTD→ SC875754 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ELLA & LEWIS PROPERTIES LTD→ SC801222 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| F&F CAMPBELTOWN LTD→ SC868782 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GARELOCH VIEW LIMITED→ SC401711 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| GLASCHU LETS LTD→ SC838388 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GREENPORT LIMITED→ SC300747 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| GUNN GROUP LTD→ SC856853 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HARBOR PROPERTY (SCOTLAND) LIMITED→ SC491291 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| HARRODS CLEANERS LTD→ SC512979 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HERALDIC PROPERTIES LIMITED→ SC122533 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| HEYMAC LIMITED→ SC688078 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| HIHA LIMITED→ SC557551 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2018-10-30
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
3 Kilduskland Drive
Ardrishaig
Lochgilphead
PA30 8HS
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-19
Last: 2025-10-05
Officers (1 active · 1 resigned)
MACFARLANE, Gordon Donald→
Activedirector · ~51y · appointed 2018-10-30
View their other companies + combined net worth →
MACFARLANE, Gillian Cunningham→
Resigneddirector · ~52y · appointed 2019-03-27 · resigned 2019-07-10
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 19/08/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 15/12/2020 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 19/09/2019 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 02/07/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-09