LIT PROPERTY LEASING LTD
🌿Early-stageactive
SC780098 · ltd · incorporated 2023-08-23
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
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£14.0k
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68320Management of real estate on a fee or contract basis
Investor take
Worth a lookProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 64/100 (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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
13 live charges · 5 lenders · oldest 2.4y
0/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 2.4 years old — likely still in initial term.
- · 5 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, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
13 charges (13/13 with lender, 13/13 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
24 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
64/100Worth 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
55
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £14,027
Key financials
1 year extracted from filed iXBRL accountsCash
£767
Net Worth
£14k
Current Assets
£1k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 |
|---|---|
| Total assets | £185.9k |
| Current assets | £1.2k |
| Cash | £767 |
| Debtors | £424 |
| Net assets | £14.0k |
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
1
filing
- • 1 mortgage
Last 90 days
7
filings
- • 7 mortgage
Last 180 days
8
filings
- • 7 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-04-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-04🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2026-03-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-19🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2026-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-16🔒Charge registered #11Lender: Together Commercial Finance Limited
- 2026-02-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-25🔓Charge satisfied #8
- 2026-02-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-12🔓Charge satisfied #7
- 2026-02-10🔒Charge registered #10Lender: Paratus Amc Limited
- 2026-02-10🔒Charge registered #9Lender: Paratus Amc Limited
- 2025-09-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-18🔒Charge registered #8Lender: Lendinvest Security Trustees Limited
- 2025-09-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-03🔒Charge registered #7Lender: Lendinvest Security Trustees Limited
- 2025-08-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-28🔓Charge satisfied #4
- 2025-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-19🔒Charge registered #6Lender: Vida Bank Limited Trading as Vida Homeloans
- 2024-11-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-11🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2024-06-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-03🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2024-05-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-30🔓Charge satisfied #2
- 2024-05-30🔓Charge satisfied #1
- 2024-05-09🔒Charge registered #3Lender: Lendinvest Btl Limited
- 2023-11-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-28🔒Charge registered #2Lender: Lendinvest Security Trustees Limited
- 2023-11-24🔒Charge registered #1Lender: Lendinvest Security Trustees Limited
- 2023-08-23🏢Company incorporatedAs LIT PROPERTY LEASING LTD
- 2023-08-23➕THOMSON, Christopher appointeddirector
- 2023-08-23➕THOMSON, Megan appointeddirector
- 2023-08-23📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 2.7 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited 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
2 med · 1 low7 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-04-04: A registered charge; 2026-03-19: A registered charge; 2026-03-16: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher Thomson Individual · British · DOB 12/1987 · age 39 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 23/08/2023 |
Mrs Megan Thomson Individual · British · DOB 04/1988 · age 38 | — | — | sig. influencesignificant influence | 23/08/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LARGESS ASSOCIATES LIMITED→ SC455506 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| LARIA COMPANY LTD→ SC701001 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LEADGATE HOMES LIMITED→ SC468168 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| LEIPER LETTINGS LTD→ SC788457 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LOTUS ESTATE LTD→ SC875553 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LRO PROPERTY GROUP LTD→ SC801601 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| M. & D. FURNISHERS LIMITED→ SC040822 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| MAKAR HOLDINGS LIMITED→ SC586861 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| MAYFORD LTD.→ SC278244 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| MBS INVESTMENTS LTD→ SC823726 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MCADAM PROPERTY SOLUTIONS LIMITED→ SC582223 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MCDEE 6 LIMITED→ SC330832 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
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
Incorporated2023-08-23
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
31 Castlepark Grove
Kintore
Inverurie
AB51 0SN
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-11-11
Last: 2025-10-28
Officers (2 active · 0 resigned)
THOMSON, Christopher→
Activedirector · ~39y · appointed 2023-08-23
View their other companies + combined net worth →
THOMSON, Megan→
Activedirector · ~38y · appointed 2023-08-23
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
8
Outstanding
4
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 04/04/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 19/03/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 16/03/2026 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 2 properties | 10/02/2026 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 2 properties | 10/02/2026 | — | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | 3 properties | 18/09/2025 | 25/02/2026 | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | — | 03/09/2025 | 12/02/2026 | |
| outstanding | Vida Bank Trading as Vida Homeloans Vida Bank Limited Trading as Vida Homeloans | A registered charge | 1 property | 19/02/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 11/06/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 03/06/2024 | 28/08/2025 | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 09/05/2024 | — | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | 1 property | 28/11/2023 | 30/05/2024 | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | — | 24/11/2023 | 30/05/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-17
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-25
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-28