LM PROPERTIES (SCOTLAND) LTD

🏛️Establishedactive

SC684764 · ltd · incorporated 2020-12-30

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 opening · medium confidence

More negotiable than before — 2 signals weakening over the last 30 days.

· Bankability: 70 → 65
· Live charges: 7 → 9

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 5.3y old — refinance window within 12 months

What changed my view

Last 30 days

Picture worsened over the last 30 days — 2 negative signals vs 0 positive.

↓Bankability: 70 → 65
↓Live charges: 7 → 9

Last 90 days

Picture worsened over the last 90 days — 2 negative signals vs 0 positive.

↓Bankability: 70 → 65
↓Live charges: 7 → 9

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2025

Net worth

£-19.2k

book net assets

Opportunity

67/100

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

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 5.3y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 5.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

32 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

67/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £19,208

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£19k

↓ 21% YoY

Current Assets

£4k

↓ 46% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-12-31	2024-12-31
Total assets	£-19.2k	£909.1k
Current assets	£4.0k	£7.5k
Net assets	£-19.2k	£-15.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

• 3 mortgage

Last 90 days

filings

• 5 mortgage

Last 180 days

filings

• 5 mortgage
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-07-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-14
🔓
Charge satisfied #6
2026-07-14
🔓
Charge satisfied #5
2026-07-14
🔓
Charge satisfied #4
2026-05-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-01
🔒
Charge registered #9
Lender: Paragon Bank PLC
2026-04-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-29
🔒
Charge registered #8
Lender: Paragon Bank PLC
2026-02-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-18
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-02
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-02
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-09-02
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-02
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-09-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-03-31
🔒
Charge registered #7
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #6
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #5
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #4
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #3
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #2
Lender: Shawbrook Bank Limited
2021-03-30
🔒
Charge registered #1
Lender: Shawbrook Bank Limited
2020-12-30
🏢
Company incorporated
As LM PROPERTIES (SCOTLAND) LTD
2020-12-30
➕
DOLBY, Colin Jordan appointed
director
2020-12-30
➕
DOLBY, Fiona appointed
director

Owner dependency

71/100

High — earn-out structure required

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

FACTORS

+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 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 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges

low

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Fiona Dolby Individual · British · DOB 11/1987 · age 39	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	30/12/2020
Mr Colin Jordan Dolby Individual · British · DOB 12/1987 · age 39	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	30/12/2020

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 · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RIVERSDALE MARKETING (SCOTLAND) LIMITED→ SC197233 · est 1999	£6.31M £5.37M–£7.26M	—	£6.31M	—	27y	83	61y
D.A.KENNEDY (DEVELOPMENTS) LIMITED→ SC132298 · est 1991	£1.25M £1.07M–£1.44M	—	£1.25M	—	35y	82	79y
DUNKELD MEDICAL SERVICES LIMITED→ SC374226 · est 2010	£588.3k £500.0k–£676.5k	—	£588.3k	—	16y	82	62y
RS DEVELOPMENTS SCOTLAND LIMITED→ SC267210 · est 2004	£377.0k £320.4k–£433.5k	—	£377.0k	—	22y	82	75y
PITLOCHRY LIMITED→ SC237019 · est 2002	£258.4k £219.6k–£297.1k	—	£258.4k	—	23y	82	74y
EVERT PROPERTY LIMITED→ SC187426 · est 1998	£172.2k £146.4k–£198.1k	—	£172.2k	—	27y	82	85y
A. M. MACDONALD (ELECTRICAL ENGINEERS) LIMITED→ SC063317 · est 1977	£164.5k £139.8k–£189.2k	—	£164.5k	—	48y	82	84y
MCKERCHAR & MACNAUGHTON LIMITED→ SC033621 · est 1959	£111.7k £95.0k–£128.5k	—	£111.7k	—	67y	82	92y
FEAL BUSINESS DEVELOPMENT LIMITED→ SC229463 · est 2002	£86.7k £73.7k–£99.7k	—	£86.7k	—	24y	82	71y
STANDCO LIMITED→ SC211193 · est 2000	£69.3k £58.9k–£79.7k	—	£69.3k	—	25y	82	74y
5-S CONSTRUCTION LIMITED→ SC312100 · est 2006	£66.8k £56.8k–£76.9k	—	£66.8k	—	19y	83	62y
GERARD CAMERON PROPERTIES LIMITED→ SC192577 · est 1999	£57.3k £48.7k–£65.9k	—	£57.3k	—	27y	82	71y

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

Incorporated2020-12-30

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Courtyard

Broadfold

Auchterarder

PH3 1DR

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-01-17

Last: 2026-01-03

Officers (2 active · 0 resigned)

DOLBY, Colin Jordan→

director · ~39y · appointed 2020-12-30

View their other companies + combined net worth →

Active

DOLBY, Fiona→

director · ~39y · appointed 2020-12-30

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Paragon Paragon Bank PLC	A registered charge	2 properties	01/05/2026	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	29/04/2026	—
outstanding	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	31/03/2021	—
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	14/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	14/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	14/07/2026
outstanding	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	—
outstanding	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	—
outstanding	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	30/03/2021	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-14

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-14

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-14

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-05-05

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-04-30

accounts-with-accounts-type-micro-entity

accounts · AA

2026-02-04

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-05

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-06-18

change-person-director-company-with-change-date

officers · CH01

2025-06-18

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-20

accounts-with-accounts-type-micro-entity

accounts · AA

2024-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-17

accounts-with-accounts-type-micro-entity

accounts · AA

2023-01-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-03