A & A MUNRO LTD

🌿Early-stageactive
SC784483 · ltd · incorporated 2023-10-02
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
65/100
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
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 65/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

17 live charges · oldest 1.6y

30/100
too messy

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

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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
17 charges (17/17 with lender, 17/17 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
1 connected companies via shared directors
48
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red 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
Metric2024-10-31
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2025-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-10-23
    🔒
    Charge registered #17
    Lender: Together Commercial Finance Limited
  4. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-10-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-10-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2024-10-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-10-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2024-10-21
    🔓
    Charge satisfied #11
  20. 2024-10-21
    🔓
    Charge satisfied #3
  21. 2024-10-21
    🔓
    Charge satisfied #2
  22. 2024-10-11
    🔒
    Charge registered #9
    Lender: Together Commercial Finance Limited
  23. 2024-10-09
    🔒
    Charge registered #16
    Lender: Together Commercial Finance Limited
  24. 2024-10-09
    🔒
    Charge registered #15
    Lender: Together Commercial Finance Limited
  25. 2024-10-09
    🔒
    Charge registered #14
    Lender: Together Commercial Finance Limited
  26. 2024-10-09
    🔒
    Charge registered #13
    Lender: Together Commercial Finance Limited
  27. 2024-10-09
    🔒
    Charge registered #12
    Lender: Together Commercial Finance Limited
  28. 2024-10-09
    🔒
    Charge registered #11
    Lender: Together Commercial Finance Limited
  29. 2024-10-09
    🔒
    Charge registered #10
    Lender: Together Commercial Finance Limited
  30. 2024-10-09
    🔒
    Charge registered #8
    Lender: Together Commercial Finance Limited
  31. 2024-10-09
    🔒
    Charge registered #7
    Lender: Together Commercial Finance Limited
  32. 2024-10-09
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited
  33. 2024-10-09
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  34. 2024-10-09
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  35. 2024-10-09
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  36. 2024-10-09
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  37. 2024-10-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  38. 2024-10-07
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  39. 2023-10-02
    🏢
    Company incorporated
    As A & A MUNRO LTD
  40. 2023-10-02
    ➕
    MUNRO, Alexander appointed
    director
  41. 2023-10-02
    ➕
    MUNRO, Anna appointed
    director
  42. 2023-10-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
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
  • +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 "MUNRO" — strong identity link between founder and business.
  • +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 signal

Limited 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

1 med · 1 low
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.

14 live charges
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Anna Munro
Individual · British · DOB 05/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting02/10/2023
Mr Alexander Munro
Individual · British · DOB 07/1972 · age 54
25–50%
25–50%25-50% shares · 25-50% voting02/10/2023

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

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
Incorporated2023-10-02
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Upper Westwood
Kinellar
Aberdeen
AB21 0SR
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (2 active · 0 resigned)

MUNRO, Alexander→
director · ~54y · appointed 2023-10-02
View their other companies + combined net worth →
Active
MUNRO, Anna→
director · ~48y · appointed 2023-10-02
View their other companies + combined net worth →
Active

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

Mortgages & charges

17
Total charges
14
Outstanding
1
Active lenders
Status:Lender:17 of 17 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties23/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties11/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties09/10/2024—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/202421/10/2024
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties09/10/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property09/10/2024—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge2 properties09/10/202421/10/2024
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property09/10/202421/10/2024
outstanding
Together Money
Together Commercial Finance Limited
A registered charge—07/10/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-21