MIDLOTHIAN PROPERTY COMPANY LIMITED
💤Zombieactive
SC645452 · ltd · incorporated 2019-10-28
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 Oct 2024
Net worth
£-7.6k
book net assets
Opportunity
67/100
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
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 57/100. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
10 live charges · 5 lenders · oldest 5.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.2 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
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £7,605
Cash YoY
+62%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
↑ 62% YoY
Net Worth
-£8k
↓ 94963% YoY
Current Assets
£11k
↑ 136% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £368.6k | £103.4k |
| Current assets | £11.2k | £4.7k |
| Cash | £6.3k | £3.9k |
| Debtors | £4.9k | £850 |
| Net assets | £-7.6k | £-8 |
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 mortgage
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-12-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-10🔒Charge registered #10Lender: The Mortgage Works (UK) PLC
- 2025-10-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-10🔒Charge registered #9Lender: The Mortgage Works (UK) PLC
- 2025-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-02📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-23🔒Charge registered #8Lender: Paragon Bank PLC
- 2025-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-02🔒Charge registered #7Lender: Paragon Bank PLC
- 2025-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-28🔒Charge registered #6Lender: The Mortgage Works (UK) PLC
- 2024-11-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-11🔒Charge registered #5Lender: Paragon Bank PLC Incorporated Under the Companies Acts (Company Number 05390593), Registered Office 51 Homer Road, Solihull, West Midlands, B91 3QJ
- 2024-11-11🔓Charge satisfied #3
- 2024-08-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-23🔒Charge registered #4Lender: Kensington Mortgage Company Limited Incorporated Under the Companies Acts (Company No. 03049877), Registered Office Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ
- 2024-08-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-30🔒Charge registered #3Lender: Paragon Bank PLC Incorporated Under the Companies Acts (Company Number 05390593), Registered Office 51 Homer Road, Solihull, West Midlands, B91 3QJ
- 2024-04-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25🔒Charge registered #2Lender: Aldermore Bank PLC
- 2023-09-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-05-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-10➖CUMMINGS, Kenneth resigneddirector
- 2021-02-25🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2019-10-28🏢Company incorporatedAs MIDLOTHIAN PROPERTY COMPANY LIMITED
- 2019-10-28➕CUMMINGS, Christopher appointeddirector
- 2019-10-28➕CUMMINGS, Kenneth appointeddirector
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
1 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-12-10: A registered charge; 2025-10-10: A registered charge; 2025-06-23: A registered charge
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Cummings Individual · British · DOB 03/1992 · age 34 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/10/2019 |
1 historic (ceased) PSC
- Mr Kenneth Cummingsceased 10/05/2023· 25-50% shares · 25-50% voting · board control
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 |
|---|---|---|---|---|---|---|---|
| TULLYBEAGLES LIMITED→ SC352935 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| TWEEDDALE COURT (EDINBURGH) LIMITED→ SC074222 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| TWENTY TWO HOLDINGS LIMITED→ SC587584 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| TWO ROBS LIMITED→ SC855594 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| UM PROPERTY MANAGEMENT LIMITED→ SC797099 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| V&A HOUSES LTD→ SC788882 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER DEVELOPMENTS LTD→ SC796661 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER PROPERTY INVESTMENTS LTD→ SC666748 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| VMW PROPERTIES LTD→ SC850785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| VNS LETS LIMITED→ SC733350 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| VSURE LTD→ SC864181 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| W9 DEVELOPMENTS LTD→ SC764449 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2019-10-28
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
11 Esk Valley Terrace
Dalkeith
EH22 3FT
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30
Officers (1 active · 1 resigned)
CUMMINGS, Christopher→
Activedirector · ~34y · appointed 2019-10-28
View their other companies + combined net worth →
CUMMINGS, Kenneth→
Resigneddirector · ~36y · appointed 2019-10-28 · resigned 2023-05-10
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
9
Outstanding
4
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 10/12/2025 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 10/10/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 23/06/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 02/05/2025 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 28/03/2025 | — | |
| outstanding | Paragon Paragon Bank PLC Incorporated Under the Companies Acts (Company Number 05390593), Registered Office 51 Homer Road, Solihull, West Midlands, B91 3QJ | A registered charge | 1 property | 11/11/2024 | — | |
| outstanding | Kensington Mortgage Company Under the Companies Acts (Company No. 03049877), Registered Office Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ Kensington Mortgage Company Limited Incorporated Under the Companies Acts (Company No. 03049877), Registered Office Ascot House, Maidenhead Office Park, Maidenhead, SL6 3QQ | A registered charge | 1 property | 23/08/2024 | — | |
| satisfied | Paragon Paragon Bank PLC Incorporated Under the Companies Acts (Company Number 05390593), Registered Office 51 Homer Road, Solihull, West Midlands, B91 3QJ | A registered charge | 1 property | 30/07/2024 | 11/11/2024 | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 25/03/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 25/02/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (32 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-03
change-person-director-company-with-change-date
officers · CH01
2025-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01