HALCYON PROPERTY INVESTORS LTD
🌿Early-stageactive
SC758857 · ltd · incorporated 2023-02-14
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 Feb 2025
Net worth
£-16.2k
book net assets
Opportunity
70/100
Strong
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 70/100 (strong), bankability 70/100. 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
4 live charges · 2 lenders · oldest 2.9y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.9 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £16,204
Cash YoY
-29%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£14k
↓ 29% YoY
Net Worth
-£16k
↑ 5.5% YoY
Current Assets
£14k
↓ 29% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £70.0k | £71.0k |
| Current assets | £13.6k | £19.1k |
| Cash | £13.6k | £19.1k |
| Net assets | £-16.2k | £-17.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 mortgage
Last 180 days
4
filings
- • 2 mortgage
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-03-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-19🔓Charge satisfied #3
- 2026-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-04🔒Charge registered #4Lender: Godiva Mortgages Limited
- 2025-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-12🔓Charge satisfied #2
- 2024-11-11🔒Charge registered #3Lender: Kensington Mortgage Company Limited
- 2024-10-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-22🔒Charge registered #2Lender: Kensington Mortgage Company Limited
- 2024-07-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-22🔓Charge satisfied #1
- 2023-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-24🔒Charge registered #1Lender: Kensington Mortgage Company Limited
- 2023-02-14🏢Company incorporatedAs HALCYON PROPERTY INVESTORS LTD
- 2023-02-14➕BUCHANAN, Christopher appointeddirector
- 2023-02-14➕BUCHANAN, Gayle Emma appointeddirector
- 2023-02-14📄incorporation-companyincorporation · NEWINC
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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Buchanan Individual · British · DOB 09/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 14/02/2023 |
Mrs Gayle Emma Buchanan Individual · British · DOB 06/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 14/02/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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
Incorporated2023-02-14
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Office 90 Alloa Business Centre
Whins Road
Alloa
Clackmannanshire
FK10 3SA
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29
Officers (2 active · 0 resigned)
BUCHANAN, Christopher→
Activedirector · ~46y · appointed 2023-02-14
View their other companies + combined net worth →
BUCHANAN, Gayle Emma→
Activedirector · ~46y · appointed 2023-02-14
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
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Godiva Mortgages Godiva Mortgages Limited | A registered charge | 1 property | 04/02/2026 | — | |
| satisfied | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 2 properties | 11/11/2024 | 19/03/2026 | |
| satisfied | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 22/10/2024 | 12/11/2024 | |
| satisfied | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 24/05/2023 | 22/07/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (14 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-05
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-26
incorporation-company
incorporation · NEWINC
2023-02-14