ANDORINHA PROPERTIES LTD

🌿Early-stageactive
SC763738 · ltd · incorporated 2023-03-27
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 Mar 2025
Net worth
£40.9k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -64% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 2.4y

0/100
under pressure

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

  • · Newest facility, 2.4 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
12 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
69/100Strong
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
77
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 £40,891
Cash draining
Cash down 64% YoY
Cash YoY
-64%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 64% YoY
Net Worth
£41k
↑ 172% YoY
Current Assets
£6k
↓ 90% YoY
Current Liabilities
-£57k-£32k-£8k£17k£42k£66kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£46.6k£-56.9k
Current assets£6.3k£66.2k
Cash£5.0k£14.0k
Debtors£1.3k£52.2k
Net assets£40.9k£-56.9k

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 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-07-08
    🔒
    Charge registered #4
    Lender: Hsbc UK Bank PLC
  5. 2025-07-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-06-30
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  7. 2025-06-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-06-26
    🔒
    Charge registered #2
    Lender: Hsbc UK Bank PLC
  9. 2024-11-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-11-06
    🔓
    Charge satisfied #1
  11. 2024-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-12-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-11-30
    🔒
    Charge registered #1
    Lender: Ms Lending SPV1 Limited
  14. 2023-03-27
    🏢
    Company incorporated
    As ANDORINHA PROPERTIES LTD
  15. 2023-03-27
    GRIFFITHS, Simon Mark appointed
    director
  16. 2023-03-27
    ROBINSON, Stephanie Jane appointed
    director
  17. 2023-03-27
    📄
    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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited 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 ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-07-08: A registered charge; 2025-06-30: A registered charge; 2025-06-26: A registered charge

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Simon Mark Griffiths
Individual · British · DOB 12/1973 · age 53
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/03/2023
Ms Stephanie Jane Robinson
Individual · British · DOB 12/1980 · age 46
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/03/2023

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
Incorporated2023-03-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

11 Winchburgh Road
Winchburgh
Broxburn
EH52 6QB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-23
Last: 2026-03-09

Officers (2 active · 0 resigned)

GRIFFITHS, Simon Mark
director · ~53y · appointed 2023-03-27
View their other companies + combined net worth →
Active
ROBINSON, Stephanie Jane
director · ~46y · appointed 2023-03-27
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property08/07/2025
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge30/06/2025
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property26/06/2025
satisfied
Ms Lending SPV1
Ms Lending SPV1 Limited
A registered charge1 property30/11/202306/11/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-04
incorporation-company
incorporation · NEWINC
2023-03-27