ICM PROPERTIES SCOTLAND LTD

🏛️Establishedactive
SC689890 · ltd · incorporated 2021-02-22
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 Oct 2024
Net worth
£22.2k
book net assets
Opportunity
74/100
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 74/100 (strong), bankability 67/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 4.8y

25/100
too messy

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

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
16 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
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £22,212

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£22k
↑ 716% YoY
Current Assets
£8k
↓ 81% YoY
Current Liabilities
£0£8k£16k£24k£32k£40kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£468.9k£413.4k
Current assets£7.7k£39.7k
Net assets£22.2k£2.7k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-09-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-09-12
    🔒
    Charge registered #3
    Lender: Lendinvest Btl Limited
  3. 2025-07-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-07-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-07-18
    🔒
    Charge registered #2
    Lender: Shawbrook Bank Limited
  8. 2022-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-11-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2021-07-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-07-01
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  12. 2021-05-10
    MACLEAN, Beverely resigned
    director
  13. 2021-05-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-03-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-02-22
    🏢
    Company incorporated
    As ICM PROPERTIES SCOTLAND LTD
  16. 2021-02-22
    MACLEAN, Ian Charles appointed
    director
  17. 2021-02-22
    MACLEAN, Jonathan appointed
    director
  18. 2021-02-22
    MACLEAN, Beverely appointed
    director
  19. 2021-02-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Icm Electrical Inverness Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Icm Electrical Inverness Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ICM PROPERTIES SCOTLAND LTD
This company · SC689890

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

4 active beneficial owners · dominant holder ≥75% · fragmented
NameSharesVoting rightsNature of controlNotified
Icm Electrical Inverness Ltd
Corporate entity
75100%
75-100% shares22/02/2021
Mr Jonathan Maclean
Individual · British · DOB 03/1987 · age 39
sig. influencesignificant influence22/02/2021
Mrs Beverley Maclean
Individual · British · DOB 10/1979 · age 47
sig. influencesignificant influence22/02/2021
Mr Ian Charles Maclean
Individual · British · DOB 08/1983 · age 43
sig. influencesignificant influence22/02/2021

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

7 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
Incorporated2021-02-22
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Peponi
Inverarnie
Inverness
IV2 6XA
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21

Officers (2 active · 1 resigned)

MACLEAN, Ian Charles
director · ~43y · appointed 2021-02-22
View their other companies + combined net worth →
Active
MACLEAN, Jonathan
director · ~39y · appointed 2021-02-22
View their other companies + combined net worth →
Active
MACLEAN, Beverely
director · ~47y · appointed 2021-02-22 · resigned 2021-05-10
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge3 properties12/09/2025
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge1 property18/07/2022
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property01/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-11-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-16
termination-director-company-with-name-termination-date
officers · TM01
2021-05-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-26