PIRIE PROPERTY MANAGEMENT LTD

🏛️Establishedactive
SC693923 · ltd · incorporated 2021-03-30
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.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£27.9k
book net assets
Opportunity
64/100
Worth a look
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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 64/100 (worth a look), 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 (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 4.7y

5/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~4.7 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
15 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
64/100Worth 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
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £27,902
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 84% YoY
Net Worth
£28k
↑ 44% YoY
Current Assets
£14k
↓ 57% YoY
Current Liabilities
£0£7k£13k£20k£26k£33kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£35.2k£24.8k
Current assets£14.0k£32.6k
Cash£3.5k£22.1k
Debtors£10.5k£10.5k
Net assets£27.9k£19.4k

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
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-04-15
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  5. 2024-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-02-22
    🔒
    Charge registered #2
    Lender: Kensington Mortgage Company Limited
  10. 2021-09-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-09-06
    🔒
    Charge registered #1
    Lender: Kensington Mortgage Company
  12. 2021-04-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2021-03-30
    🏢
    Company incorporated
    As PIRIE PROPERTY MANAGEMENT LTD
  14. 2021-03-30
    PIRIE, Keli Jane appointed
    director
  15. 2021-03-30
    PIRIE, Mark David appointed
    director
  16. 2021-03-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "PIRIE" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 5 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 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-15

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark David Pirie
Individual · British · DOB 01/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting30/03/2021
Mrs Keli Jane Pirie
Individual · British · DOB 01/1977 · age 49
2550%
25–50%board control25-50% shares · 25-50% voting · board control30/03/2021

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

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
Incorporated2021-03-30
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Ardnish House
28 St. James Road
Forfar
DD8 1LG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-15OVERDUE
Last: 2025-04-01

Officers (2 active · 0 resigned)

PIRIE, Keli Jane
director · ~49y · appointed 2021-03-30
View their other companies + combined net worth →
Active
PIRIE, Mark David
director · ~40y · appointed 2021-03-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property15/04/2024
outstanding
Kensington Mortgage Company
Kensington Mortgage Company Limited
A registered charge1 property22/02/2022
outstanding
Kensington Mortgage Company
A registered charge1 property06/09/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-09
appoint-person-director-company-with-name-date
officers · AP01
2021-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-01
incorporation-company
incorporation · NEWINC
2021-03-30