CAIRNGORM APARTMENTS LIMITED

🌱Startupactive
SC827842 · ltd · incorporated 2024-11-04
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
not disclosed
Net worth
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 71/100 (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).

🏦

Refinance opportunity

3 live charges · oldest 1.4y

50/100
clean up first

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

  • · Newest facility, 1.4 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-01-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-01-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-12-23
    🔒
    Charge registered #3
    Lender: Paratus Amc Limited
  4. 2024-12-23
    🔒
    Charge registered #2
    Lender: Paratus Amc Limited
  5. 2024-12-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-12-13
    🔒
    Charge registered #1
    Lender: Paratus Amc Limited
  7. 2024-11-04
    🏢
    Company incorporated
    As CAIRNGORM APARTMENTS LIMITED
  8. 2024-11-04
    LUKE, Andrew appointed
    director
  9. 2024-11-04
    📄
    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 1.5 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 Andrew Luke
Individual · English · DOB 04/1970 · age 56
75100%
75–100%75-100% shares · 75-100% voting04/11/2024

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 →
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Company details

Statusactive
Typeltd
Incorporated2024-11-04
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

5 South Charlotte Street,
Edinburgh
Select...
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2026-08-04
Last made up to:
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05

Officers (1 active · 0 resigned)

LUKE, Andrew
director · ~56y · appointed 2024-11-04
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
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property23/12/2024
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property23/12/2024
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property13/12/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (6 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-05
incorporation-company
incorporation · NEWINC
2024-11-04