MBC PROPERTY EDINBURGH LTD

💤Zombieactive

SC616199 · ltd · incorporated 2018-12-14

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

—

year to Dec 2024

Net worth

£68.7k

book net assets

Opportunity

68/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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

Pursue

Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 67/100. 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

10 live charges · 5 lenders · oldest 7.3y

15/100

under pressure

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

· Oldest live charge is 7.3 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £68,741

Net assets shrinking

Down £2,565 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£69k

↓ 3.6% YoY

Current Assets

£29k

↓ 25% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-12-31	2023-12-31
Total assets	£68.7k	£71.3k
Current assets	£29.4k	£39.4k
Net assets	£68.7k	£71.3k

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 address

Last 180 days

filings

• 1 confirmation-statement
• 1 address
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-02-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-13
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-15
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-10
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-15
🔓
Charge satisfied #7
2023-07-15
🔓
Charge satisfied #6
2023-07-15
🔓
Charge satisfied #5
2023-07-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-03
🔒
Charge registered #10
Lender: Allica Bank Limited
2023-03-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-09
🔓
Charge satisfied #8
2023-01-12
📄
mortgage-satisfy-charge-part
mortgage · MR04
2023-01-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-12
🔓
Charge satisfied #9
2022-08-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-10-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-27
🔒
Charge registered #8
Lender: Property Finance Nominees (No. 3) Limited
2021-10-19
🔒
Charge registered #9
Lender: Property Finance Nominees (No. 3) Limited
2021-10-11
📄
change-person-director-company-with-change-date
officers · CH01
2021-06-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-22
➖
BLEESE, David Lewis resigned
director
2021-06-22
🔓
Charge satisfied #4
2021-05-06
🔒
Charge registered #7
Lender: Ortus Secured Finance I Limited
2021-04-29
🔓
Charge satisfied #3
2021-04-23
🔒
Charge registered #6
Lender: Ortus Secured Finance I Limited
2021-04-23
🔒
Charge registered #5
Lender: Ortus Secured Finance I Limited
2020-06-05
🔓
Charge satisfied #2
2020-06-05
🔓
Charge satisfied #1
2020-05-15
🔒
Charge registered #4
Lender: Property Finance Nominees (No 3) Limited
2020-05-01
➕
BLEESE, David Lewis appointed
director
2020-04-15
🔒
Charge registered #3
Lender: Property Finance Nominees (No 3) Limited
2019-02-07
🔒
Charge registered #2
Lender: Stretton Bridging Limited
2019-01-25
🔒
Charge registered #1
Lender: Stretton Bridging Limited
2018-12-14
🏢
Company incorporated
As MBC PROPERTY EDINBURGH LTD
2018-12-14
➕
MILLAR, John appointed
director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

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 · 1 low

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.

Name changed 2 times

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-05-13: certificate-change-of-name-company; 2025-04-15: certificate-change-of-name-company

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr John Millar Individual · British · DOB 01/1980 · age 46	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	22/06/2021

1 historic (ceased) PSC

Monkey Barrel Comedy Ltdceased 22/06/2021· 75-100% shares · 75-100% voting · board control · trust interest

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 · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MALZER PROPERTIES LTD→ SC811163 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
MARK GP (SCOTLAND) LIMITED→ SC333120 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
MASTER TOUCHES LTD→ SC725250 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
MAURICE NOBLE ESTATES LIMITED→ SC439431 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
MCDURAN LIMITED→ SC548887 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
MCEWAN FRASER (UK) LIMITED→ SC257925 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
MCNEISH PROPERTIES LIMITED→ SC626235 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
MCTAGGART PROPERTIES LIMITED→ SC499943 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
MCW PROPERTY GROUP LTD→ SC779237 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
MIDLOTHIAN DEVELOPMENTS LTD→ SC574492 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
MIDLOTHIAN PROPERTIES LTD→ SC841484 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MIDLOTHIAN PROPERTY COMPANY LIMITED→ SC645452 · est 2019 · no financials extracted	—	—	—	—	6y	—	—

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

Incorporated2018-12-14

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

Bonnington Bond, 2

Anderson Place

Edinburgh

EH6 5NP

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-27

Last: 2025-12-13

Officers (1 active · 1 resigned)

MILLAR, John→

director · ~46y · appointed 2018-12-14

View their other companies + combined net worth →

Active

BLEESE, David Lewis→

director · ~47y · appointed 2020-05-01 · resigned 2021-06-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
outstanding	Allica Bank Allica Bank Limited	A registered charge	1 property	03/07/2023	—
satisfied	Property Finance Nominees (No. 3) Property Finance Nominees (No. 3) Limited	A registered charge	1 property	27/10/2021	09/03/2023
satisfied	Property Finance Nominees (No. 3) Property Finance Nominees (No. 3) Limited	A registered charge	—	19/10/2021	12/01/2023
satisfied	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	1 property	06/05/2021	15/07/2023
satisfied	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	1 property	23/04/2021	15/07/2023
satisfied	Ortus Secured Finance I Ortus Secured Finance I Limited	A registered charge	1 property	23/04/2021	15/07/2023
satisfied	Property Finance Nominees (No 3) Property Finance Nominees (No 3) Limited	A registered charge	1 property	15/05/2020	22/06/2021
satisfied	Property Finance Nominees (No 3) Property Finance Nominees (No 3) Limited	A registered charge	—	15/04/2020	29/04/2021
satisfied	Stretton Bridging Stretton Bridging Limited	A registered charge	1 property	07/02/2019	05/06/2020
satisfied	Stretton Bridging Stretton Bridging Limited	A registered charge	—	25/01/2019	05/06/2020

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

Recent filings (46 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-21

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-02-24

accounts-with-accounts-type-micro-entity

accounts · AA

2026-01-30

certificate-change-of-name-company

change-of-name · CERTNM

2025-05-13

certificate-change-of-name-company

change-of-name · CERTNM

2025-04-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-21

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-31

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-12-10

accounts-with-accounts-type-micro-entity

accounts · AA

2024-03-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-07-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-07-15

mortgage-satisfy-charge-full

mortgage · MR04

2023-07-15

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-07-05

mortgage-satisfy-charge-full

mortgage · MR04

2023-03-09