MAIR PROPERTY LTD

🌿Early-stageactive
SC771397 · ltd · incorporated 2023-06-02
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 Jun 2024
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68209Other letting and operating of own or leased real estate
  • 68310Real estate agencies
Investor take
Worth a look
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 62/100 (worth a look), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

20 live charges · 3 lenders · oldest 2.7y

0/100
too messy

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

  • · Newest facility, 2.7 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
20 charges (20/20 with lender, 20/20 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review 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
Metric2024-06-30
Average employees0

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
0
filings
Last 90 days
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2026-03-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-17
    🔒
    Charge registered #20
    Lender: Lendinvest Btl Limited
  3. 2025-11-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-11-06
    🔒
    Charge registered #19
    Lender: Together Commercial Finance Limited
  5. 2025-09-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-09-26
    🔒
    Charge registered #18
    Lender: Lendinvest Btl Limited
  7. 2025-06-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-06-16
    🔒
    Charge registered #17
    Lender: Lendinvest Btl Limited
  9. 2025-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2025-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2025-02-07
    🔒
    Charge registered #16
    Lender: Together Commercial Finance Limited
  12. 2025-01-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-01-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2025-01-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2025-01-27
    🔓
    Charge satisfied #13
  16. 2025-01-23
    🔒
    Charge registered #15
    Lender: Together Commercial Finance Limited
  17. 2025-01-23
    🔒
    Charge registered #14
    Lender: Together Commercial Finance Limited
  18. 2025-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2025-01-21
    🔒
    Charge registered #13
    Lender: Together Commercial Finance Limited
  20. 2024-12-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2024-12-12
    🔒
    Charge registered #12
    Lender: Together Commercial Finance Limited
  22. 2024-12-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2024-12-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2024-12-04
    🔓
    Charge satisfied #6
  25. 2024-12-04
    🔓
    Charge satisfied #2
  26. 2024-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2024-11-22
    🔒
    Charge registered #11
    Lender: Together Commercial Finance Limited
  28. 2024-09-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  29. 2024-09-09
    🔒
    Charge registered #10
    Lender: Together Commercial Finance Limited
  30. 2024-09-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2024-09-02
    🔒
    Charge registered #9
    Lender: The Mortgage Lender Limited
  32. 2024-08-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  33. 2024-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  34. 2024-08-26
    🔓
    Charge satisfied #7
  35. 2024-08-22
    🔒
    Charge registered #8
    Lender: Together Commercial Finance Limited
  36. 2024-08-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  37. 2024-08-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  38. 2024-08-20
    🔒
    Charge registered #7
    Lender: Together Commercial Finance Limited
  39. 2024-08-20
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited
  40. 2024-02-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  41. 2024-01-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  42. 2024-01-16
    ➖
    MAIR, Rania Wold resigned
    director
  43. 2023-09-22
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  44. 2023-09-18
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  45. 2023-09-11
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  46. 2023-09-11
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  47. 2023-08-30
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  48. 2023-06-02
    🏢
    Company incorporated
    As MAIR PROPERTY LTD
  49. 2023-06-02
    ➕
    MAIR, Gordon Alex appointed
    director
  50. 2023-06-02
    ➕
    MAIR, Rania Wold appointed
    director

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "MAIR" — strong identity link between founder and business.
  • +Young company: Only 2.9 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

2 med · 1 low
4 new charges in last 12 months
medium

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

Evidence: 2026-03-17: A registered charge; 2025-11-06: A registered charge; 2025-09-26: A registered charge

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

16 live charges
low

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gordon Alex Mair
Individual · British · DOB 04/1985 · age 41
25–50%
25–50%board control25-50% shares · 25-50% voting · board control02/06/2023
1 historic (ceased) PSC
  • Mrs Rania Wold Mairceased 27/02/2024· 25-50% shares · 25-50% voting · board control

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

10 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
Incorporated2023-06-02
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

35 Elphin Street
New Aberdour
Fraserburgh
AB43 6LH
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2027-03-13
Last: 2026-02-27

Officers (1 active · 1 resigned)

MAIR, Gordon Alex→
director · ~41y · appointed 2023-06-02
View their other companies + combined net worth →
Active
MAIR, Rania Wold→
director · ~39y · appointed 2023-06-02 · resigned 2024-01-16
Resigned

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

Mortgages & charges

20
Total charges
16
Outstanding
3
Active lenders
Status:Lender:20 of 20 shown
TypeProperties
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property17/03/2026—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties06/11/2025—
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property26/09/2025—
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property16/06/2025—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property07/02/2025—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property23/01/2025—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property23/01/2025—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property21/01/202527/01/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property12/12/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property22/11/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property09/09/2024—
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property02/09/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property22/08/2024—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property20/08/202426/08/2024
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property20/08/202404/12/2024
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties22/09/2023—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties18/09/2023—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties11/09/2023—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge2 properties11/09/202304/12/2024
outstanding
Together Money
Together Commercial Finance Limited
A registered charge—30/08/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (31 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-18
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-04