TOPPO PROPERTIES LTD

🌿Early-stageactive

SC770410 · ltd · incorporated 2023-05-23

Investment thesis

Unencumbered property vehicle — clean asset-backed target with refinance headroom.

Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.

Why risky: Values depend on title and valuation; property-specific market exposure.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

70/100

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

Strong opportunity: active trading company with strong profile and acceptable with review structure.

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. 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).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

8 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Average employees	200	200

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (10 events)Click to expand

2025-11-05
➖
ROSS, Lyndsey Marie resigned
director
2025-11-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-15
➕
ROSS, Lyndsey Marie appointed
director
2023-12-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-23
🏢
Company incorporated
As TOPPO PROPERTIES LTD
2023-05-23
➕
TOPPING, Michael appointed
director
2023-05-23
📄
incorporation-company
incorporation · NEWINC

Owner dependency

80/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Young company: Only 3.0 years old — management layer unlikely to be developed.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Topping Individual · British · DOB 10/1985 · age 41	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	23/05/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLAVEN LIMITED→ SC160238 · est 1995	£1.94M £1.65M–£2.24M	—	£1.94M	—	30y	83	73y
NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999	£214.5k £182.3k–£246.6k	—	£214.5k	—	27y	83	59y
CRUACHAN FLATS LIMITED→ SC242899 · est 2003	£148.1k £125.9k–£170.3k	—	£148.1k	—	23y	82	77y
BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006	£124.4k £105.7k–£143.0k	—	£124.4k	—	20y	82	67y
CAMERON HARRIS LTD.→ SC241344 · est 2002	£93.0k £79.0k–£106.9k	—	£93.0k	—	23y	82	78y
EDINBANE ESTATE WIND FARM LIMITED→ SC166590 · est 1996	£41.1k £34.9k–£47.2k	—	£41.1k	—	29y	83	77y
A & M CULBERTSON LIMITED→ SC392515 · est 2011	£6.5k £5.6k–£7.5k	—	£6.5k	—	15y	82	71y
DINGWALL AUCTION MART LIMITED→ SC135799 · est 1991	—	—	—	0	34y	83	81y
H.D. (INVERNESS) LIMITED→ SC036502 · est 1961 · no financials extracted	—	—	—	—	64y	83	88y
RESTENNETH PROPERTIES LIMITED→ SC055768 · est 1974 · no financials extracted	—	—	—	—	51y	83	81y
YORK HOUSE (KENSINGTON) LIMITED→ SC056410 · est 1974	—	—	—	400	51y	83	82y
DENMUIR PROPERTIES LIMITED→ SC205358 · est 2000	—	—	—	200	26y	82	76y

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

Incorporated2023-05-23

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

15 Ardross Street

Inverness

IV3 5NS

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-05

Last: 2025-05-22

Officers (1 active · 1 resigned)

TOPPING, Michael→

director · ~41y · appointed 2023-05-23

View their other companies + combined net worth →

Active

ROSS, Lyndsey Marie→

director · ~41y · appointed 2023-12-15 · resigned 2025-11-05

Resigned

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

Recent filings (8 total)

termination-director-company-with-name-termination-date

officers · TM01

2025-11-05

accounts-with-accounts-type-micro-entity

accounts · AA

2025-06-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-22

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-19

change-account-reference-date-company-previous-shortened

accounts · AA01

2024-12-20

confirmation-statement-with-updates

confirmation-statement · CS01

2024-06-05

appoint-person-director-company-with-name-date

officers · AP01

2023-12-15

incorporation-company

incorporation · NEWINC

2023-05-23