CHAP PROPERTIES LTD

🏛️Establishedactive
SC666252 · 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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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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
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 5.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 5.4 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£3k£6k£8k£11k£14kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets—£280.5k
Current assets—£13.8k
Net assets—£10.5k
Average employees200—

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-02-01
    ➕
    SIM, Brian Kennedy appointed
    director
  8. 2022-05-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-05-09
    🔒
    Charge registered #5
    Lender: The Mortgage Lender Limited
  10. 2022-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2022-02-08
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  14. 2022-02-04
    🔒
    Charge registered #4
    Lender: The Mortgage Lender Limited
  15. 2021-09-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-09-08
    🔒
    Charge registered #2
    Lender: The Morgage Works (UK) PLC
  17. 2021-07-07
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2021-07-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-07-01
    ➕
    SIM, Brian Kennedy appointed
    secretary
  20. 2021-02-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2021-02-12
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  22. 2020-07-03
    🏢
    Company incorporated
    As CHAP PROPERTIES LTD
  23. 2020-07-03
    ➕
    STRUTHERS, Lynne Ferguson appointed
    director
  24. 2020-07-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited 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 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ms Lynne Ferguson Struthers
Individual · British · DOB 05/1981 · age 45
75–100%
75–100%board control75-100% shares · 75-100% voting · board control03/07/2020

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

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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

2 Boyd Drive
Motherwell
ML1 3HX
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-25
Last: 2025-07-11

Officers (3 active · 0 resigned)

SIM, Brian Kennedy→
secretary · appointed 2021-07-01
View their other companies + combined net worth →
Active
SIM, Brian Kennedy→
director · ~41y · appointed 2023-02-01
View their other companies + combined net worth →
Active
STRUTHERS, Lynne Ferguson→
director · ~45y · appointed 2020-07-03
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property09/05/2022—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property08/02/2022—
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property04/02/2022—
outstanding
The Morgage Works (UK)
The Morgage Works (UK) PLC
A registered charge1 property08/09/2021—
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property12/02/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
appoint-person-director-company-with-name-date
officers · AP01
2023-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-15