PROPERTY LETTINGS SAS LTD
💤Zombieactive
SC687085 · ltd · incorporated 2021-01-26
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£543
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Renting and operating of Housing Association real estate
Sector: Real estate
Investor take
PursueStrong 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. 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 4.8y
5/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.8 years — mid-life; refi window approaching.
- · 4 lenders named — inter-creditor friction likely.
- · 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.
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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £543
Cash YoY
+22%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1k
↑ 22% YoY
Net Worth
£543
↑ 110% YoY
Current Assets
£2k
↑ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £177.8k | £167.0k |
| Current assets | £2.1k | £1.8k |
| Cash | £1.1k | £887 |
| Debtors | £983 | £960 |
| Net assets | £543 | £-5.5k |
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 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-04-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-24🔒Charge registered #7Lender: Mortgage Works (UK) PLC
- 2024-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-09🔒Charge registered #6Lender: Aldermore Bank PLC
- 2024-05-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-08🔓Charge satisfied #4
- 2023-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-23🔒Charge registered #5Lender: Shawbrook Bank Limited
- 2023-10-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-28➕SALLY, Gordon Denhom appointeddirector
- 2023-07-28➖SALLY, Scott Andrew resigneddirector
- 2023-07-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-04-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-06🔓Charge satisfied #1
- 2022-06-06🔓Charge satisfied #2
- 2021-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-17🔒Charge registered #4Lender: Lendlnvest Btl Limited
- 2021-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-02🔒Charge registered #3Lender: Lendlnvest Btl Limited
- 2021-08-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-05🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2021-08-02🔒Charge registered #2Lender: Shawbrook Bank Limited
- 2021-01-26🏢Company incorporatedAs PROPERTY LETTINGS SAS LTD
- 2021-01-26➕SALLY, Scott Andrew appointeddirector
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gordon Denhom Sally Individual · British · DOB 03/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/04/2021 |
1 historic (ceased) PSC
- Mr Scott Andrew Sallyceased 12/04/2023· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PHBP INVESTMENTS LTD→ SC547543 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| PROPERTY BY FAB LIMITED→ SC678732 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PROPEX INVESTMENTS LTD→ SC434309 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| PSRJ PROPERTIES LIMITED→ SC865454 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| QPB DEVELOPMENTS LTD→ SC659898 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| QUARTZ GROUP SCOTLAND LTD→ SC204996 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| QUEBEC FOUR EIGHTY LTD→ SC740741 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| QUEEN'S CROSS WORKSPACE LIMITED→ SC081390 · est 1983 · no financials extracted | — | — | — | — | 43y | — | — |
| QUERCUS PROPERTY SOLUTIONS LTD→ SC777154 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| R3 REAL ESTATE LTD→ SC606474 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| RAAC PERTH LTD→ SC647545 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| RAD PROPERTY TRADING LTD→ SC751701 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2021-01-26
Jurisdictionscotland
Primary SIC68201 — Renting and operating of Housing Association real estate
Registered office
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH
United Kingdom
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-05-07
Last: 2026-04-23
Officers (1 active · 1 resigned)
SALLY, Gordon Denhom→
Activedirector · ~62y · appointed 2023-07-28
View their other companies + combined net worth →
SALLY, Scott Andrew→
Resigneddirector · ~33y · appointed 2021-01-26 · resigned 2023-07-28
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
4
Outstanding
4
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mortgage Works (UK) Mortgage Works (UK) PLC | A registered charge | 1 property | 24/09/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 09/05/2024 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 23/11/2023 | — | |
| satisfied | Lendlnvest Btl Lendlnvest Btl Limited | A registered charge | 1 property | 17/12/2021 | 08/05/2024 | |
| outstanding | Lendlnvest Btl Lendlnvest Btl Limited | A registered charge | 1 property | 02/12/2021 | — | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 05/08/2021 | 06/06/2022 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 02/08/2021 | 06/06/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (31 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-11
termination-director-company-with-name-termination-date
officers · TM01
2023-07-28
appoint-person-director-company-with-name-date
officers · AP01
2023-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-12