CALICOEN PROPERTIES LTD

🌿Early-stageactive
SC770447 · ltd · incorporated 2023-05-23
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
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Turnover
year to May 2025
Net worth
£567
book net assets
Opportunity
72/100
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: property-backed borrower with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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

3 live charges · oldest 1.6y

50/100
clean up first

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

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 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
1 connected companies via shared directors
48
Filing history
8 filings
60
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
72/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £567

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£567
Current Assets
£6k
Current Liabilities
£0£1k£2k£3k£4k£6kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£53.6k
Current assets£5.5k
Net assets£567

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
2
filings
  • 2 mortgage
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-12-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-12-19
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  3. 2025-11-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-11-07
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  5. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-09-10
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  8. 2024-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-05-23
    🏢
    Company incorporated
    As CALICOEN PROPERTIES LTD
  10. 2023-05-23
    BAIRD, Elaine Caroline appointed
    director
  11. 2023-05-23
    MCMANUS, Graeme Anthony appointed
    director
  12. 2023-05-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +Young company: Only 2.9 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Graeme Anthony Mcmanus
Individual · British · DOB 09/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control23/05/2023
Miss Elaine Caroline Baird
Individual · British · DOB 12/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control23/05/2023

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
Incorporated2023-05-23
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

45 Toftcombs Avenue
Stonehouse
Larkhall
ML9 3QY
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-21
Last: 2025-05-07

Officers (2 active · 0 resigned)

BAIRD, Elaine Caroline
director · ~36y · appointed 2023-05-23
View their other companies + combined net worth →
Active
MCMANUS, Graeme Anthony
director · ~36y · appointed 2023-05-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property19/12/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property07/11/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property10/09/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (8 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-07
incorporation-company
incorporation · NEWINC
2023-05-23