MANTEL CORP PROPERTIES LTD

💤Zombieactive
SC744427 · ltd · incorporated 2022-09-14
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£25.1k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 2.0y

0/100
under pressure

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

  • · Newest facility, 2.0 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
19 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
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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 £25,072

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£25k
↑ 1726% YoY
Current Assets
£133k
↑ 6466% YoY
Current Liabilities
£0£27k£53k£80k£106k£133kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£332.2k£201.1k
Current assets£133.1k£2.0k
Net assets£25.1k£1.4k

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
4
filings
  • 2 confirmation-statement
  • 1 officers
  • 1 address
Last 180 days
4
filings
  • 2 confirmation-statement
  • 1 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-11-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-11-20
    🔒
    Charge registered #2
    Lender: Allica Bank Limited
  6. 2024-06-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-05-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-05-24
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  9. 2022-10-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-10-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-10-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-10-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-10-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-09-14
    🏢
    Company incorporated
    As MANTEL CORP PROPERTIES LTD
  15. 2022-09-14
    JESUARUL, Arockia Michael appointed
    director
  16. 2022-09-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Arockia Michael Jesuarul
Individual · British · DOB 07/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control14/09/2022

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

9 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
Incorporated2022-09-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

159 Craigleith Road
Edinburgh
EH4 2ED
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-04-11
Last: 2026-03-28

Officers (1 active · 0 resigned)

JESUARUL, Arockia Michael
director · ~48y · appointed 2022-09-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property20/11/2024
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property24/05/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-03