LBM RAMSAY PROPERTIES LTD

🌿Early-stageactive
SC769700 · ltd · incorporated 2023-05-17
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 May 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · oldest 1.9y

50/100
clean up first

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

  • · Newest facility, 1.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
8 charges (8/8 with lender, 8/8 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
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-31

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
1
filing
  • • 1 mortgage
Last 180 days
1
filing
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-02-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-02-04
    🔒
    Charge registered #8
    Lender: The Mortgage Works (UK) PLC
  3. 2025-06-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-06-03
    🔒
    Charge registered #7
    Lender: The Mortgage Works (UK) PLC
  5. 2025-02-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-07-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-06-25
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  13. 2024-06-25
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  14. 2024-06-25
    🔒
    Charge registered #4
    Lender: The Mortgage Works (UK) PLC
  15. 2024-06-25
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  16. 2024-06-25
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  17. 2024-06-25
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  18. 2023-05-17
    🏢
    Company incorporated
    As LBM RAMSAY PROPERTIES LTD
  19. 2023-05-17
    ➕
    RAMSAY, Barbara appointed
    director
  20. 2023-05-17
    ➕
    RAMSAY, Ewan appointed
    director
  21. 2023-05-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "RAMSAY" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 3.0 years old — management layer unlikely to be developed.

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 low
8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ewan Ramsay
Individual · British · DOB 02/1988 · age 38
25–50%
25–50%board control25-50% shares · 25-50% voting · board control17/05/2023
Mrs Barbara Ramsay
Individual · British · DOB 12/1988 · age 38
25–50%
25–50%board control25-50% shares · 25-50% voting · board control17/05/2023

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

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2023-05-17
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

70 Cortachy Crescent
Northmuir
Kirriemuir
DD8 4TP
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-30
Last: 2025-05-16

Officers (2 active · 0 resigned)

RAMSAY, Barbara→
director · ~38y · appointed 2023-05-17
View their other companies + combined net worth →
Active
RAMSAY, Ewan→
director · ~38y · appointed 2023-05-17
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
8
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property04/02/2026—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property03/06/2025—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property25/06/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-18
accounts-with-accounts-type-dormant
accounts · AA
2025-02-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-06
incorporation-company
incorporation · NEWINC
2023-05-17