SDC INVESTCO LIMITED
🌿Early-stageactive
SC711190 · ltd · incorporated 2021-10-04
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-30.8k
book net assets
Opportunity
66/100
Strong
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 66/100 (strong), bankability 60/100. 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
13 live charges · 2 lenders · oldest 4.2y
40/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.2 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 30/100 — 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
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
11 connected companies via shared directors
78
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £30,752
Key financials
2 years extracted from filed iXBRL accountsCash
£21k
Net Worth
-£31k
Current Assets
£54k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £2.08M | — |
| Current assets | £53.6k | — |
| Cash | £21.0k | — |
| Debtors | £32.6k | — |
| Net assets | £-30.8k | — |
| Average employees | — | 0 |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2025-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-03🔒Charge registered #13Lender: Hsbc UK Bank PLC
- 2023-11-08📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-01🔒Charge registered #12Lender: Hsbc UK Bank PLC
- 2022-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-11🔓Charge satisfied #2
- 2022-08-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-10🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2022-08-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-03🔒Charge registered #11Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #10Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #9Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #8Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #7Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2022-08-03🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2022-08-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-01🔓Charge satisfied #1
- 2022-07-29🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2022-06-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-25🔒Charge registered #2Lender: Bank of Scotland PLC
- 2022-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-17🔒Charge registered #1Lender: Bank of Scotland PLC
- 2021-10-04🏢Company incorporatedAs SDC INVESTCO LIMITED
- 2021-10-04➕FRIEL, Christopher John appointeddirector
- 2021-10-04➕FRIEL, Philip Joseph appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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 signalLimited 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 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
11 live charges
lowHeavily 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 |
|---|---|---|---|---|
Mr Christopher John Friel Individual · British · DOB 02/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/10/2021 |
Dr Philip Joseph Friel Individual · British · DOB 09/1976 · age 50 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/10/2021 |
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 →Similar companies
Active · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| T Y B S PROPERTIES LIMITED→ SC858528 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TOUCHWOOD PROPERTIES LIMITED→ SC181895 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| TRYGORT (NUMBER 5) LIMITED→ SC484557 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| TSX PROPERTIES LTD→ SC777296 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| TTHM LIMITED→ SC771327 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| TUCSON PROPERTIES LIMITED→ SC288886 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| TURNBERRY RESIDENTIAL LETTING LIMITED→ SC468968 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| TWELVE PERCENT RENT LIMITED→ SC733673 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TWENTY TWO INVESTMENT PROPERTIES LTD→ SC652579 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| TWICE OVER LIMITED→ SC727279 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| TWO GOOD PROPERTIES LTD→ SC679673 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| UA HOLDINGS LIMITED→ SC530007 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2021-10-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
20 Blythswood Square
Glasgow
G2 4BG
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01
Officers (2 active · 0 resigned)
FRIEL, Christopher John→
Activedirector · ~44y · appointed 2021-10-04
View their other companies + combined net worth →
FRIEL, Philip Joseph→
Activedirector · ~50y · appointed 2021-10-04
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
11
Outstanding
1
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/07/2024 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/07/2023 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 10/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 2 properties | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 2 properties | 03/08/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 29/07/2022 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 25/03/2022 | 11/08/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 17/03/2022 | 01/08/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
change-account-reference-date-company-current-extended
accounts · AA01
2023-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-17