BLUESTONE LETS LTD

🌿Early-stageactive
SC781386 · ltd · incorporated 2023-09-04
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
Upgrade to see
Turnover
year to Sept 2024
Net worth
£100
book net assets
Opportunity
77/100
Strong
🔔
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What this business does

Day-to-day operations likely involve letting and managing residential or commercial properties in Glasgow, either owned or leased by the company, with recent mortgage filings suggesting active property acquisition activity.

Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 77/100 (strong), bankability 75/100. 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 (65/100).

🏦

Refinance opportunity

2 live charges · oldest 0.3y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 0.3 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
13 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
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £100

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£100
Current Assets
£100
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-30
Total assets£100
Current assets£100
Net assets£100

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 mortgage
Last 180 days
3
filings
  • 2 mortgage
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-03-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-12
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  3. 2026-02-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-02-10
    🔒
    Charge registered #1
    Lender: Aldermore Bank PLC
  5. 2025-12-08
    MATHARU, Navdeep Singh appointed
    director
  6. 2025-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2025-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2025-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-06-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2025-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2023-09-04
    🏢
    Company incorporated
    As BLUESTONE LETS LTD
  14. 2023-09-04
    MATHARU, Deljit Kaur appointed
    director
  15. 2023-09-04
    MATHARU, Jaspal Singh appointed
    director
  16. 2023-09-04
    MATHARU, Jaspreet Singh appointed
    director
  17. 2023-09-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

61/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +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.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jaspal Singh Matharu
Individual · British · DOB 10/1965 · age 61
2550%
25–50%25-50% shares · 25-50% voting15/10/2025
Mrs Deljit Kaur Matharu
Individual · British · DOB 05/1969 · age 57
2550%
25–50%25-50% shares · 25-50% voting15/10/2025
2 historic (ceased) PSCs
  • Mr Navdeep Singh Matharuceased 15/10/2025· 25-50% shares · 25-50% voting · board control
  • Mr Jaspreet Singh Matharuceased 15/10/2025· 75-100% shares · 75-100% 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
Incorporated2023-09-04
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Mclay, Mcalister & Mcgibbon Llp
145 St Vincent Street
Glasgow
G2 5JF
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (4 active · 0 resigned)

MATHARU, Deljit Kaur
director · ~57y · appointed 2023-09-04
View their other companies + combined net worth →
Active
MATHARU, Jaspal Singh
director · ~61y · appointed 2023-09-04
View their other companies + combined net worth →
Active
MATHARU, Jaspreet Singh
director · ~36y · appointed 2023-09-04
View their other companies + combined net worth →
Active
MATHARU, Navdeep Singh
director · ~32y · appointed 2025-12-08
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
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge3 properties12/03/2026
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property10/02/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-13
appoint-person-director-company-with-name-date
officers · AP01
2025-12-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
incorporation-company
incorporation · NEWINC
2023-09-04