HERITAGE PROPERTY GRAMPIAN LTD
Opportunity 68/100 (strong), bankability 52/100. 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 (58/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 4.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.2 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover 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 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 mortgage
- • 1 confirmation-statement
Corporate timeline (17 events)Click to expand
- 2025-12-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-18🔒Charge registered #5Lender: Paratus Amc Limited
- 2025-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-08🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2024-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-21🔒Charge registered #3Lender: Aldermore Bank PLC
- 2022-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-15🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2022-03-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-01🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2021-12-08🏢Company incorporatedAs HERITAGE PROPERTY GRAMPIAN LTD
- 2021-12-08➕GIBB, Billy appointeddirector
- 2021-12-08📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Billy Gibb Individual · Scottish · DOB 02/1995 · age 31 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/12/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| KN 14 LIMITED→ SC472949 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| KNIGHT PROPERTY HOLDINGS LIMITED→ SC849897 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| KODAN LIMITED→ SC711691 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
10 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 18/12/2025 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 08/05/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 21/12/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 15/03/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 01/03/2022 | — |