LRB HOMES LTD

🌱Startupactive
SC818824 · ltd · incorporated 2024-08-08
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 Jan 2026
Net worth
£-27.5k
book net assets
Opportunity
66/100
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 66/100 (strong), bankability 47/100. 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

7 live charges · 3 lenders · oldest 1.0y

0/100
too messy

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

  • · Newest facility, 1.0 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
7 charges (7/7 with lender, 7/7 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
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £27,530

Key financials

1 year extracted from filed iXBRL accounts
Cash
£6k
Net Worth
-£28k
Current Assets
£11k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-01-31
Total assets£26.8k
Current assets£10.8k
Cash£6.3k
Debtors£4.5k
Net assets£-27.5k

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
2
filings
  • 1 accounts
  • 1 mortgage
Last 90 days
2
filings
  • 1 accounts
  • 1 mortgage
Last 180 days
6
filings
  • 5 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-04-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-04-09
    🔒
    Charge registered #7
    Lender: Paratus Amc Limited
  4. 2026-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2026-01-27
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited
  6. 2026-01-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2026-01-15
    🔒
    Charge registered #5
    Lender: Lendinvest Btl Limited
  8. 2025-12-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-12-22
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  10. 2025-12-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2025-12-04
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  12. 2025-09-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  13. 2025-06-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2025-06-12
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  15. 2025-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2025-04-30
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  17. 2024-08-08
    🏢
    Company incorporated
    As LRB HOMES LTD
  18. 2024-08-08
    FERGUSON, Rachel Christie appointed
    director
  19. 2024-08-08
    WATSON, Lewis Robert appointed
    director
  20. 2024-08-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 1.7 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
6 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-04-09: A registered charge; 2026-01-27: A registered charge; 2026-01-15: A registered charge

7 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
Mr Lewis Robert Watson
Individual · Scottish · DOB 02/1989 · age 37
5075%
50–75%board control50-75% shares · 50-75% voting · board control08/08/2024
Miss Rachel Christie Ferguson
Individual · Scottish · DOB 10/1995 · age 31
2550%
25–50%25-50% shares · 25-50% voting08/08/2024

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2024-08-08
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Glenwood Road
Leslie
Glenrothes
KY6 3AW
Scotland

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2026-08-21
Last: 2025-08-07

Officers (2 active · 0 resigned)

FERGUSON, Rachel Christie
director · ~31y · appointed 2024-08-08
View their other companies + combined net worth →
Active
WATSON, Lewis Robert
director · ~37y · appointed 2024-08-08
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge2 properties09/04/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties27/01/2026
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property15/01/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property22/12/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties04/12/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property12/06/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge30/04/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-15
change-account-reference-date-company-current-extended
accounts · AA01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-12
incorporation-company
incorporation · NEWINC
2024-08-08