CLADAN PROPERTY LIMITED
🏛️Establishedactive
SC651052 · ltd · incorporated 2020-01-09
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£-20.5k
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: Renting and operating of Housing Association 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 65/100 (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
14 live charges · 5 lenders · oldest 5.7y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 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
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
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
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £20,455
Cash draining
Cash down 72% YoY
Cash YoY
-72%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8k
↓ 72% YoY
Net Worth
-£20k
↑ 4.2% YoY
Current Assets
£33k
↓ 6.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £313.2k | £238.0k |
| Current assets | £32.8k | £34.9k |
| Cash | £8.5k | £30.4k |
| Debtors | £24.4k | £4.6k |
| Net assets | £-20.5k | £-21.4k |
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
3
filings
- • 3 mortgage
Last 180 days
7
filings
- • 5 mortgage
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2026-03-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-05🔒Charge registered #14Lender: Aldermore Bank PLC
- 2026-02-24🔒Charge registered #13Lender: The Mortgage Lender Limited
- 2026-02-24🔒Charge registered #12Lender: The Mortgage Lender Limited
- 2026-01-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-22🔒Charge registered #11Lender: Aldermore Bank PLC
- 2025-10-22🔒Charge registered #10Lender: Aldermore Bank PLC
- 2025-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-30🔒Charge registered #9Lender: Aldermore Bank PLC
- 2025-02-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-17🔓Charge satisfied #7
- 2025-01-13🔒Charge registered #8Lender: Kensington Mortgage Company Limited
- 2024-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20🔒Charge registered #7Lender: Kensington Mortgage Company Limited
- 2024-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-26🔒Charge registered #6Lender: Bath Investment & Building Society
- 2024-01-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-12🔓Charge satisfied #2
- 2023-10-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-05🔒Charge registered #5Lender: The Mortgage Works (UK) PLC
- 2022-11-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-04🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2022-07-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-29🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2021-12-03🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2020-08-10🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2020-01-09🏢Company incorporatedAs CLADAN PROPERTY LIMITED
- 2020-01-09➕MACDONALD, Claire Martha appointeddirector
- 2020-01-09➕MACDONALD, Daniel appointeddirector
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med · 1 low6 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-05: A registered charge; 2026-02-24: A registered charge; 2026-02-24: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Claire Martha Macdonald Individual · British · DOB 12/1985 · age 41 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/01/2020 |
Mr Daniel Macdonald Individual · British · DOB 12/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/01/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| BSB99 LTD→ SC646404 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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| CAMPHILL VENTURES LTD→ SC837389 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CASA ESTATE AGENTS (SCOTLAND) LTD→ SC677785 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CHATCO LIMITED→ SC313959 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| CJB RENTALS LTD→ SC867665 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CKK PROPERTY LTD→ SC772941 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CLADEL DEVELOPMENTS (SCOTLAND) LTD→ SC882008 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CLAN PROPERTY MANAGEMENT LTD→ SC842373 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CLASSIC TREASURES LTD→ SC509687 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
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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
Incorporated2020-01-09
Jurisdictionscotland
Primary SIC68201 — Renting and operating of Housing Association real estate
Registered office
C/O Mccreath Accountancy Phoenix House, Ground Floor Left,
Phoenix Business Park
Linwood
Renfrewshire
PA1 2BH
Scotland
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-03
Last: 2025-12-20
Officers (2 active · 0 resigned)
MACDONALD, Claire Martha→
Activedirector · ~41y · appointed 2020-01-09
View their other companies + combined net worth →
MACDONALD, Daniel→
Activedirector · ~38y · appointed 2020-01-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
12
Outstanding
5
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 5 properties | 05/03/2026 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 24/02/2026 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 24/02/2026 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 22/10/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 8 properties | 22/10/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/09/2025 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 2 properties | 13/01/2025 | — | |
| satisfied | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 20/12/2024 | 17/01/2025 | |
| outstanding | Bath Investment & Building Society | A registered charge | 1 property | 26/06/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 05/07/2023 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 04/11/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 29/01/2022 | — | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 03/12/2021 | 12/01/2024 | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 10/08/2020 | — |
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
2026-03-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-16