HILLTOP CAPITAL LTD
🏛️Establishedactive
SC667244 · ltd · incorporated 2020-07-13
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 2025
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Worth a lookProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 63/100 (worth a look), 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 5.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.6 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: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 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
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
58
Some moderate concerns — review 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 · FRS 102| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | — | 100 |
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
1
filing
- • 1 mortgage
Last 90 days
5
filings
- • 3 mortgage
- • 1 officers
- • 1 accounts
Last 180 days
6
filings
- • 4 mortgage
- • 1 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2026-05-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-06🔒Charge registered #14Lender: Lendinvest Btl Limited
- 2026-03-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-18🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2026-03-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-10➕WHITELAW, Eve Frances appointeddirector
- 2026-03-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-03🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2026-02-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-05🔒Charge registered #11Lender: Together Commercial Finance Limited
- 2025-07-30✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-06🔒Charge registered #10Lender: Lendinvest Btl Limited
- 2025-02-05🔒Charge registered #9Lender: Paratus Amc Limited
- 2025-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-23🔒Charge registered #8Lender: Shawbrook Bank Limited
- 2025-01-23🔒Charge registered #7Lender: Shawbrook Bank Limited
- 2024-12-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-19📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-19🔒Charge registered #6Lender: Shawbrook Bank Limited
- 2024-12-19🔒Charge registered #5Lender: Shawbrook Bank Limited
- 2024-12-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-13🔓Charge satisfied #4
- 2024-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-02🔓Charge satisfied #3
- 2023-07-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-16🔒Charge registered #4Lender: Aldermore Bank PLC
- 2022-10-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-25🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2021-10-19🔒Charge registered #2Lender: Masthaven Bank Limited
- 2020-10-15🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2020-07-13🏢Company incorporatedAs HILLTOP CAPITAL LTD
- 2020-07-13➕JOHNSTON, Douglas David Richard appointeddirector
Owner dependency
63/100
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.
- +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
3 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-05-06: A registered charge; 2026-03-18: A registered charge; 2026-03-03: 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.
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-07-30: certificate-change-of-name-company
12 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 Douglas David Richard Johnston Individual · British · DOB 10/1993 · age 33 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 13/07/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HIGHLAND & UNIVERSAL LAND LIMITED→ SC533900 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| HIGHLAND CENTRE LTD.→ SC265245 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| HIGHLAND HABITAT LIMITED→ SC826958 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HIGHLAND PROPERTIES DEVELOPMENTS LIMITED→ SC222303 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| HIGHLANDER (SCOTLAND) PROPERTIES LIMITED→ SC469412 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| HILLEND VALLEY HOMES LTD→ SC872197 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HIVE SPACES LIMITED→ SC683903 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| HME DEVELOPMENTS LTD→ SC806809 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| HMW ESTATE AGENT LIMITED→ SC776820 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HMZY PROPERTIES LTD→ SC822277 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HNE CONSULTANTS LTD→ SC705970 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| HNG INTERNATIONAL LIMITED→ SC553546 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2020-07-13
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12
Officers (2 active · 0 resigned)
JOHNSTON, Douglas David Richard→
Activedirector · ~33y · appointed 2020-07-13
View their other companies + combined net worth →
WHITELAW, Eve Frances→
Activedirector · ~33y · appointed 2026-03-10
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
6
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 06/05/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 18/03/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 03/03/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/02/2026 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 06/02/2025 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 05/02/2025 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 2 properties | 23/01/2025 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 3 properties | 23/01/2025 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 19/12/2024 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 19/12/2024 | — | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 16/05/2023 | 13/12/2024 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 25/10/2022 | 02/05/2024 | |
| outstanding | Masthaven Bank Masthaven Bank Limited | A registered charge | 1 property | 19/10/2021 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 15/10/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-19
appoint-person-director-company-with-name-date
officers · AP01
2026-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-06
certificate-change-of-name-company
change-of-name · CERTNM
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-24