JOHNSTON PROPERTIES (ORKNEY) LIMITED

🏛️Establishedactive
SC632400 · ltd · incorporated 2019-06-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£45.1k
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
Pursue
Strong 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 (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 3.5y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~3.5 years — mid-life; refi window approaching.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 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
16 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 · FRS 105 (micro)
Positive net assets
Net assets £45,102
Net assets shrinking
Down £5,383 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£45k
↓ 11% YoY
Current Assets
£580
↓ 96% YoY
Current Liabilities
—
£0£10k£20k£30k£40k£50kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£45.1k£50.5k
Current assets£580£13.9k
Net assets£45.1k£50.5k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-11-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-11-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-11-08
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  8. 2022-11-08
    🔒
    Charge registered #1
    Lender: The Aldermore Bank PLC
  9. 2021-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-06-04
    🏢
    Company incorporated
    As JOHNSTON PROPERTIES (ORKNEY) LIMITED
  12. 2019-06-04
    ➕
    JOHNSTON, David Andrew appointed
    director
  13. 2019-06-04
    ➕
    JOHNSTON, Eunice Carolyn appointed
    director
  14. 2019-06-04
    ➕
    JOHNSTON, Melvin John Harvey appointed
    director
  15. 2019-06-04
    ➕
    JOHNSTON, Michael John appointed
    director
  16. 2019-06-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "JOHNSTON" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.

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
NameSharesVoting rightsNature of controlNotified
Mr Melvin John Harvey Johnston
Individual · British · DOB 04/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting04/06/2019
Mrs Eunice Carolyn Johnston
Individual · British · DOB 05/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting04/06/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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SC382404 · est 2010 · no financials extracted
————15y8184y
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
Incorporated2019-06-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Inshallah
Dounby
Kirkwall
Orkney
KW17 2HS
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (4 active · 0 resigned)

JOHNSTON, David Andrew→
director · ~42y · appointed 2019-06-04
View their other companies + combined net worth →
Active
JOHNSTON, Eunice Carolyn→
director · ~69y · appointed 2019-06-04
View their other companies + combined net worth →
Active
JOHNSTON, Melvin John Harvey→
director · ~71y · appointed 2019-06-04
View their other companies + combined net worth →
Active
JOHNSTON, Michael John→
director · ~39y · appointed 2019-06-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property08/11/2022—
outstanding
Aldermore
The Aldermore Bank PLC
A registered charge1 property08/11/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-10