GM PROPERTIES & LETTINGS LTD

🌿Early-stageactive
SC772348 · ltd · incorporated 2023-06-12
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
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Turnover
year to Jun 2025
Net worth
£36.0k
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: asset-holding vehicle 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
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
4 connected companies via shared directors
57
Filing history
11 filings on record
85
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
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £35,994

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£36k
↑ 27% YoY
Current Assets
£60k
↑ 34% YoY
Current Liabilities
£0£12k£24k£36k£48k£60kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£44.9k£36.3k
Current assets£59.8k£44.5k
Net assets£36.0k£28.2k

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
1
filing
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-03-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-02-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-10-24
    MORAWSKI, Rajmund resigned
    director
  7. 2023-10-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-10-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-06-12
    🏢
    Company incorporated
    As GM PROPERTIES & LETTINGS LTD
  10. 2023-06-12
    MORAWSKI, Grzegorz Piotr appointed
    director
  11. 2023-06-12
    MORAWSKI, Rajmund appointed
    director
  12. 2023-06-12
    📄
    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 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

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%
NameSharesVoting rightsNature of controlNotified
Mr Grzegorz Piotr Morawski
Individual · Polish · DOB 11/1987 · age 39
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/06/2023
1 historic (ceased) PSC
  • Mr Rajmund Morawskiceased 24/10/2023· 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.

🔒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

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
Incorporated2023-06-12
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Kirk Brae
Kilmore
Oban
PA34 4QQ
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12

Officers (1 active · 1 resigned)

MORAWSKI, Grzegorz Piotr
director · ~39y · appointed 2023-06-12
View their other companies + combined net worth →
Active
MORAWSKI, Rajmund
director · ~68y · appointed 2023-06-12 · resigned 2023-10-24
Resigned

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

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-10
change-person-director-company-with-change-date
officers · CH01
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
termination-director-company-with-name-termination-date
officers · TM01
2023-10-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-24
incorporation-company
incorporation · NEWINC
2023-06-12