ADELE STREET (PROPERTIES) LIMITED

🏛️Establishedactive
SC669701 · ltd · incorporated 2020-08-04
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 Apr 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

13 live charges · 3 lenders · oldest 5.1y

35/100
too messy

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

  • · Oldest live charge is 5.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
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£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-06-06
    🔒
    Charge registered #13
    Lender: Hampden & Co PLC
  6. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-03-08
    🔒
    Charge registered #12
    Lender: Hampden & Co. PLC
  17. 2023-03-08
    🔒
    Charge registered #11
    Lender: Hampden & Co. PLC
  18. 2023-03-08
    🔒
    Charge registered #10
    Lender: Hampden & Co. PLC
  19. 2023-03-08
    🔒
    Charge registered #9
    Lender: Hampden & Co. PLC
  20. 2023-03-08
    🔒
    Charge registered #8
    Lender: Hampden & Co. PLC
  21. 2023-03-08
    🔒
    Charge registered #7
    Lender: Hampden & Co. PLC
  22. 2023-03-08
    🔒
    Charge registered #6
    Lender: Hampden & Co. PLC
  23. 2023-03-08
    🔒
    Charge registered #5
    Lender: Hampden & Co. PLC
  24. 2023-03-08
    🔒
    Charge registered #4
    Lender: Hampden & Co. PLC
  25. 2023-03-08
    🔒
    Charge registered #3
    Lender: Hampden & Co. PLC
  26. 2022-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2021-10-05
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  29. 2021-05-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2021-05-21
    🔒
    Charge registered #2
    Lender: Hampden & Co PLC
  31. 2021-05-04
    🔒
    Charge registered #1
    Lender: Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
  32. 2020-08-04
    🏢
    Company incorporated
    As ADELE STREET (PROPERTIES) LIMITED
  33. 2020-08-04
    ➕
    JOHNSTONE, Andrew James appointed
    director
  34. 2020-08-04
    ➕
    JOHNSTONE, Elaine Margaret appointed
    director
  35. 2020-08-04
    ➕
    JOHNSTONE, Ian James appointed
    director
  36. 2020-08-04
    ➕
    JOHNSTONE, Scott Nimmo appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 low
13 live charges
low

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

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Elaine Margaret Johnstone
Individual · British · DOB 06/1960 · age 66
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest29/03/2021
Mr Andrew James Taylor
Individual · British · DOB 08/1959 · age 67
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest29/03/2021
Mr Ian James Johnstone
Individual · British · DOB 01/1962 · age 64
——sig. influencesignificant influence04/08/2020

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 →

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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
Incorporated2020-08-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

47 Adele Street
Motherwell
ML1 2QE
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-17
Last: 2025-12-03

Officers (4 active · 0 resigned)

JOHNSTONE, Andrew James→
director · ~36y · appointed 2020-08-04
View their other companies + combined net worth →
Active
JOHNSTONE, Elaine Margaret→
director · ~66y · appointed 2020-08-04
View their other companies + combined net worth →
Active
JOHNSTONE, Ian James→
director · ~64y · appointed 2020-08-04
View their other companies + combined net worth →
Active
JOHNSTONE, Scott Nimmo→
director · ~33y · appointed 2020-08-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

13
Total charges
13
Outstanding
3
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Hampden & Co
Hampden & Co PLC
A registered charge1 property06/06/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co.
Hampden & Co. PLC
A registered charge1 property08/03/2023—
outstanding
Hampden & Co
Hampden & Co PLC
A registered charge1 property21/05/2021—
outstanding
Hampden & Co , 9 Charlotte Square, Edinburgh, EH2 4DR
Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
A registered charge1 property04/05/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-10