BURNS LETTING LTD
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 4.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (17 events)Click to expand
- 2026-04-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-17🔒Charge registered #3Lender: Aldermore Bank PLC
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-02🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2021-11-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-11🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2020-07-08🏢Company incorporatedAs BURNS LETTING LTD
- 2020-07-08➕BURNS, Gary Robert appointeddirector
- 2020-07-08📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "BURNS" — strong identity link between founder and business.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Gary Robert Burns Individual · British · DOB 07/1985 · age 41 | 75–100% | — | 75-100% shares | 08/07/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 17/10/2024 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 02/02/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 11/06/2021 | — |