ARMSTRONG REAL ESTATE LTD
🌿Early-stageactive
SC777195 · ltd · incorporated 2023-07-27
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 Jul 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower. Family succession underway — not a classic acquisition target.
Opportunity 76/100 (strong), bankability 70/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 1.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.7 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
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
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
- 2026-04-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-27🔒Charge registered #2Lender: Kensington Mortgage Company Limited
- 2025-05-01📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2025-03-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-19🔒Charge registered #1Lender: Paragon Bank PLC
- 2023-07-27🏢Company incorporatedAs ARMSTRONG REAL ESTATE LTD
- 2023-07-27➕ARMSTRONG, Joe Russel Elliot appointeddirector
- 2023-07-27➕ARMSTRONG, Stuart Elliot appointeddirector
- 2023-07-27📄incorporation-companyincorporation · NEWINC
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 2.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
16/100
No succession signalNo meaningful acquirability indicators from public data.
SIGNALS
- primaryFamily succession underway: Not a takeover target — ARMSTRONG, Joe Russel Elliot (same surname) appointed 2023-07-27. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joe Russel Elliot Armstrong Individual · Scottish · DOB 02/1996 · age 30 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/07/2023 |
Mr Stuart Elliot Armstrong Individual · Scottish · DOB 04/1957 · age 69 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/07/2023 |
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 →
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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.
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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.
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See pricing →Company details
Statusactive
Typeltd
Incorporated2023-07-27
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
1 Eskfield Cottage
Wallyford
Musselburgh
EH21 8QG
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-09
Last: 2025-07-26
Officers (2 active · 0 resigned)
ARMSTRONG, Joe Russel Elliot→
Activedirector · ~30y · appointed 2023-07-27
View their other companies + combined net worth →
ARMSTRONG, Stuart Elliot→
Activedirector · ~69y · appointed 2023-07-27
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 27/11/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 19/08/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (8 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-05-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-02
incorporation-company
incorporation · NEWINC
2023-07-27