ADLIN PROPERTY LTD
🏛️Establishedactive
SC666242 · ltd · incorporated 2020-07-03
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 Jul 2024
Net worth
—
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
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
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. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
14 live charges · 7 lenders · oldest 5.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.5 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
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
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
2 connected companies via shared directors
51
Filing history
33 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-07-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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 (43 events)Click to expand
- 2025-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-27🔒Charge registered #14Lender: Paragon Bank PLC
- 2024-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-07🔒Charge registered #13Lender: Aldermore Bank PLC
- 2024-03-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-01🔓Charge satisfied #4
- 2024-02-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-12🔓Charge satisfied #10
- 2023-12-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-12🔒Charge registered #12Lender: Aldermore Bank PLC
- 2023-04-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-18🔒Charge registered #11Lender: Cumberland Building Society
- 2023-04-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-04🔓Charge satisfied #9
- 2023-04-04🔓Charge satisfied #6
- 2023-03-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-08🔒Charge registered #10Lender: Gsm Management Services (Ayrshire) LTD
- 2023-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-14🔒Charge registered #9Lender: Gsm Management Services (Ayrshire) LTD
- 2023-02-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-22🔒Charge registered #8Lender: Lendinvest Btl Limited
- 2022-12-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-03🔒Charge registered #7Lender: Aldermore Bank PLC
- 2022-09-30📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-06-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-20🔒Charge registered #6Lender: Gsm Management Services (Ayrshire) LTD
- 2022-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-22🔒Charge registered #5Lender: Kensington Mortgage Company Limited
- 2021-12-14🔓Charge satisfied #2
- 2021-11-13🔒Charge registered #4Lender: Kensington Mortgage Company Limited
- 2021-11-12🔓Charge satisfied #1
- 2021-04-20🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2021-03-23🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2020-10-30🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2020-07-03🏢Company incorporatedAs ADLIN PROPERTY LTD
- 2020-07-03➕LINDSAY, Andrew Thomas appointeddirector
- 2020-07-03➕LINDSAY, Deborah Kirsten 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
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Thomas Lindsay Individual · British · DOB 10/1969 · age 57 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 03/07/2020 |
Mrs Deborah Kirsten Lindsay Individual · British · DOB 05/1973 · age 53 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 03/07/2020 |
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANDERSON DOE PROPERTY LIMITED→ SC641112 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ANDREW MCQUADE PROPERTY LTD→ SC818485 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ANGEL VIEW INVEST LTD→ SC883397 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ANGUS PROPERTY INVESTMENTS LTD→ SC764272 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ANIMUS PROPERTIES LTD→ SC767800 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AP INVESTMENTS SCOTLAND LTD→ SC726420 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AP1 BUSINESS LTD→ SC874636 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| APEX ALLIANCE PROPERTIES LTD→ SC796533 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| APEX CUTHBERTSON LIMITED→ SC810666 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| APPLECROSS HEALTHCARE LTD→ SC448742 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| APPLETON CRAIG LIMITED→ SC833317 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| APR COMMERCIAL PROPERTIES LTD→ SC860925 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2020-07-03
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Red Tree Magenta 270 Glasgow Road
Rutherglen
Glasgow
G73 1SA
Scotland
Filing status
Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08
Officers (2 active · 0 resigned)
LINDSAY, Andrew Thomas→
Activedirector · ~57y · appointed 2020-07-03
View their other companies + combined net worth →
LINDSAY, Deborah Kirsten→
Activedirector · ~53y · appointed 2020-07-03
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
8
Outstanding
6
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 27/04/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 07/03/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 12/12/2023 | — | |
| outstanding | Cumberland Building Society | A registered charge | 1 property | 18/04/2023 | — | |
| satisfied | Gsm Management Services (Ayrshire) Gsm Management Services (Ayrshire) LTD | A registered charge | 1 property | 08/03/2023 | 12/02/2024 | |
| satisfied | Gsm Management Services (Ayrshire) Gsm Management Services (Ayrshire) LTD | A registered charge | 1 property | 14/02/2023 | 04/04/2023 | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 22/12/2022 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 03/11/2022 | — | |
| satisfied | Gsm Management Services (Ayrshire) Gsm Management Services (Ayrshire) LTD | A registered charge | 1 property | 20/05/2022 | 04/04/2023 | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 22/02/2022 | — | |
| satisfied | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 13/11/2021 | 01/03/2024 | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 20/04/2021 | — | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 23/03/2021 | 14/12/2021 | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 30/10/2020 | 12/11/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (33 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-21
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-04
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-01