GLENSHIRE DEVELOPMENTS (2) LTD

🌿Early-stageactive
SC747099 · ltd · incorporated 2022-10-12
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
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Turnover
year to Oct 2024
Net worth
£-48
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · oldest 1.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.1 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £48
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£48
Current Assets
Current Liabilities
-£48-£48-£48-£48-£48-£48Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£157.9k£157.9k
Net assets£-48

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
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-03-12
    🔒
    Charge registered #2
    Lender: Lowry Capital Limited
  4. 2025-03-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-03-07
    🔒
    Charge registered #1
    Lender: Lowry Capital Limited
  6. 2024-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-10-12
    🏢
    Company incorporated
    As GLENSHIRE DEVELOPMENTS (2) LTD
  8. 2022-10-12
    ASLAM, Amir Shahzad appointed
    director
  9. 2022-10-12
    ASLAM, Harris Shahzad appointed
    director
  10. 2022-10-12
    REHMAN, Raza appointed
    director
  11. 2022-10-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

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

Group structure

Glenshire Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Glenshire Group Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
GLENSHIRE DEVELOPMENTS (2) LTD
This company · SC747099

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Glenshire Group Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/10/2022

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.

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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
Incorporated2022-10-12
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Glenshire House
14 Randolph Place
Kirkcaldy
KY1 2YX
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (3 active · 0 resigned)

ASLAM, Amir Shahzad
director · ~28y · appointed 2022-10-12
View their other companies + combined net worth →
Active
ASLAM, Harris Shahzad
director · ~30y · appointed 2022-10-12
View their other companies + combined net worth →
Active
REHMAN, Raza
director · ~36y · appointed 2022-10-12
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
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lowry Capital
Lowry Capital Limited
A registered charge1 property12/03/2025
outstanding
Lowry Capital
Lowry Capital Limited
A registered charge07/03/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-03
incorporation-company
incorporation · NEWINC
2022-10-12