MACODIN PROPERTIES LTD
🌿Early-stageactive
SC743216 · ltd · incorporated 2022-09-02
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 3.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£44.9k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 71/100 (strong), bankability 60/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 3.4y
60/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Charge age ~3.4 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
20 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
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £44,886
Cash YoY
+113%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£32k
↑ 113% YoY
Net Worth
£45k
↑ 100% YoY
Current Assets
£32k
↑ 113% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £298.7k | £284.1k |
| Current assets | £31.8k | £15.0k |
| Cash | £31.8k | £15.0k |
| Net assets | £44.9k | £22.5k |
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
3
filings
- • 1 accounts
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-02-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-08📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-08📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-02📄capital-allotment-sharescapital · SH01
- 2024-04-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-29🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2023-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-27🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2023-06-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-24🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2022-12-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-12🔒Charge registered #1Lender: Trustees of the Garioch Pension Fund
- 2022-09-02🏢Company incorporatedAs MACODIN PROPERTIES LTD
- 2022-09-02➕MURRAY, Michael appointeddirector
- 2022-09-02➕RENNIE, Philip Donny appointeddirector
- 2022-09-02📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Lauren Rose Rennie Individual · British · DOB 03/1991 · age 35 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/09/2022 |
Linda Murray Individual · Scottish · DOB 04/1970 · age 56 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/09/2022 |
1 historic (ceased) PSC
- Mrs Morag Rennieceased 17/12/2025· 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.
🔒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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LARGESS ASSOCIATES LIMITED→ SC455506 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| LARIA COMPANY LTD→ SC701001 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LATHERON PROPERTIES (SCOTLAND) LIMITED→ SC458800 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| LEADGATE HOMES LIMITED→ SC468168 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| LEIPER LETTINGS LTD→ SC788457 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LET AND SALES LOGISTICS SERVICES LTD→ SC818191 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LOTUS ESTATE LTD→ SC875553 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LRO PROPERTY GROUP LTD→ SC801601 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LUCY LETTINGS LTD→ SC812727 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MAKAR HOLDINGS LIMITED→ SC586861 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| MANAR DEVELOPMENTS LTD.→ SC361319 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| MANGROVE ENTERPRISES LTD→ SC819078 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2022-09-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
4 Marischal Street
Peterhead
AB42 1HU
Scotland
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13
Officers (2 active · 0 resigned)
MURRAY, Michael→
Activedirector · ~54y · appointed 2022-09-02
View their other companies + combined net worth →
RENNIE, Philip Donny→
Activedirector · ~38y · appointed 2022-09-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 29/06/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 27/06/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 24/05/2023 | — | |
| outstanding | Trustees of the Garioch Pension Fund | A registered charge | 1 property | 12/12/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-08
change-person-director-company-with-change-date
officers · CH01
2025-05-08
change-person-director-company-with-change-date
officers · CH01
2025-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-03
capital-allotment-shares
capital · SH01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06