PRO PROPERTY (SCOTLAND) LTD

🌿Early-stageactive
SC771224 · ltd · incorporated 2023-06-01
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
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Turnover
year to Jun 2025
Net worth
£-3.9k
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
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. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 1.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 1.5 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 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
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £3,905

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£4k
Current Assets
£57
Current Liabilities
-£4k-£3k-£2k-£2k-£735£57Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£57.6k
Current assets£57
Net assets£-3.9k
Average employees0

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 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-11-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-11-06
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  4. 2025-08-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-11-21
    🔒
    Charge registered #1
    Lender: Lendinvest Btl Limited
  8. 2024-08-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2024-08-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2024-07-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-06-01
    🏢
    Company incorporated
    As PRO PROPERTY (SCOTLAND) LTD
  12. 2023-06-01
    MYLCHREEST, James Edward appointed
    director
  13. 2023-06-01
    📄
    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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Edward Mylchreest
Individual · British · DOB 02/1990 · age 36
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/06/2023

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 →
🔒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
Incorporated2023-06-01
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Grants Accountants 120 West Regent Street
5th Floor
Glasgow
G2 2QD
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-14
Last: 2025-05-31

Officers (1 active · 0 resigned)

MYLCHREEST, James Edward
director · ~36y · appointed 2023-06-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property06/11/2025
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property21/11/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-25
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-27
gazette-notice-compulsory
gazette · GAZ1
2024-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-24
incorporation-company
incorporation · NEWINC
2023-06-01