CRACHAN PROPERTY LETS LTD

🌿Early-stageactive
SC804921 · ltd · incorporated 2024-03-28
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
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Turnover
year to Mar 2025
Net worth
£-5.8k
book net assets
Opportunity
72/100
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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 62/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 1.2y

0/100
too messy

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

  • · Newest facility, 1.2 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — 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, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 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
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £5,804

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£6k
Current Assets
£459
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-31
Total assets£-4.9k
Current assets£459
Net assets£-5.8k

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
2
filings
  • 1 confirmation-statement
  • 1 mortgage
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 mortgage
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-04-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-04-01
    🔒
    Charge registered #3
    Lender: Paratus Amc Limited
  3. 2025-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-09-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-09-09
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  6. 2025-02-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-02-18
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  8. 2024-05-14
    ROSS, Melissa Lynsey appointed
    director
  9. 2024-05-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-03-28
    🏢
    Company incorporated
    As CRACHAN PROPERTY LETS LTD
  11. 2024-03-28
    ROSS, Simon Alexander appointed
    director
  12. 2024-03-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +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 2.1 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

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 Simon Alexander Ross
Individual · Scottish · DOB 06/1975 · age 51
2550%
25–50%board control25-50% shares · 25-50% voting · board control28/03/2024
Mrs Melissa Lynsey Ross
Individual · Scottish · DOB 06/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control28/03/2024

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2024-03-28
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Silverwood
Kintore
Inverurie
AB51 0XQ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (2 active · 0 resigned)

ROSS, Melissa Lynsey
director · ~45y · appointed 2024-05-14
View their other companies + combined net worth →
Active
ROSS, Simon Alexander
director · ~51y · appointed 2024-03-28
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property01/04/2026
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property09/09/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge18/02/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-21
appoint-person-director-company-with-name-date
officers · AP01
2024-05-14
incorporation-company
incorporation · NEWINC
2024-03-28