MATH REAL ESTATE PARTNERS LTD

🌿Early-stageactive
SC806603 · ltd · incorporated 2024-04-11
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
70/100
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
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (72/100)

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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
Metric2025-04-30
Average employees3

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
6
filings
  • 3 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Last 180 days
7
filings
  • 3 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-03-26
    📄
    termination-director-company
    officers · TM01
  2. 2026-03-26
    📄
    termination-director-company
    officers · TM01
  3. 2026-03-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-03-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-03-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-04-11
    🏢
    Company incorporated
    As MATH REAL ESTATE PARTNERS LTD
  10. 2024-04-11
    PATRICK, John Bruce appointed
    director
  11. 2024-04-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Bruce Patrick
Individual · British · DOB 06/1970 · age 56
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/04/2024
2 historic (ceased) PSCs
  • Mr Stephen John Mckechnieceased 24/03/2026· 25-50% shares · 25-50% voting · board control
  • Mr Marcus Taylorceased 24/03/2026· 25-50% shares · 25-50% 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.

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Company details

Statusactive
Typeltd
Incorporated2024-04-11
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6th Floor Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10

Officers (1 active · 0 resigned)

PATRICK, John Bruce
director · ~56y · appointed 2024-04-11
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-14
termination-director-company
officers · TM01
2026-03-26
termination-director-company
officers · TM01
2026-03-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-17
incorporation-company
incorporation · NEWINC
2024-04-11