ROCKY LETTINGS LIMITED
🌱Startupactive
SC827913 · ltd · incorporated 2024-11-05
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
—
not disclosed
Net worth
—
book net assets
Opportunity
64/100
Worth a look
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
Investor take
Worth a lookProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 64/100 (worth a look), 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
12 live charges · 5 lenders · oldest 1.3y
0/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.3 years old — likely still in initial term.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
3
filings
- • 3 mortgage
Last 180 days
9
filings
- • 7 mortgage
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-03-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-20🔒Charge registered #12Lender: Barclays Security Trustee Limited
- 2026-03-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-18🔓Charge satisfied #4
- 2026-03-18🔓Charge satisfied #3
- 2026-01-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-13📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2026-01-07🔒Charge registered #11Lender: Barclays Security Trustee Limited
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-20🔒Charge registered #10Lender: Ms Lending SPV1 Limited
- 2025-11-20🔒Charge registered #9Lender: Ms Lending SPV1 Limited
- 2025-11-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-28🔒Charge registered #8Lender: Ms Lending SPV1 Limited
- 2025-10-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-14🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2025-10-10🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2025-09-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-26🔓Charge satisfied #1
- 2025-07-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-30🔒Charge registered #5Lender: Aldermore Bank PLC
- 2025-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-24🔒Charge registered #4Lender: Ascot Bridging Finance 4 Limited
- 2025-03-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-14🔒Charge registered #3Lender: Ascot Bridging Finance 4 Limited
- 2025-02-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-18🔒Charge registered #2Lender: Ms Lending SPV1 Limited
- 2025-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-23🔒Charge registered #1Lender: Ms Lending SPV1 Limited
- 2024-11-05🏢Company incorporatedAs ROCKY LETTINGS LIMITED
- 2024-11-05➕BUCHANAN, Lee appointeddirector
- 2024-11-05➕GLANCEY, Charli Eve appointeddirector
- 2024-11-05📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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 1.5 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited 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
2 med · 1 low8 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-20: A registered charge; 2026-01-07: A registered charge; 2025-11-20: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Buchanan Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Buchanan Investments Limited
Corporate parent · holds 75-100% shares · board control
⬇
ROCKY LETTINGS LIMITED
This company · SC827913
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Buchanan Investments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/11/2024 |
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.
See pricing →Similar companies
Active · Property · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HOMARNA ECOSTORE LIMITED→ SC254848 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| HURRIKANE PROPERTIES LIMITED→ SC655545 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| INDIGO (SCOTLAND) LIMITED→ SC193859 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| IVY PROPERTIES (SCOTLAND) LIMITED→ SC828222 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMES S. WHITE LTD→ SC583833 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JEKC LTD→ SC514751 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| JESS AND JINX LTD→ SC685768 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| JMM PROPERTY SOLUTIONS LTD→ SC798339 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| JMS STAN PROPERTIES LTD→ SC879557 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JNL PROPERTY GROUP LTD→ SC853160 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JNREID PROPERTIES LTD→ SC710743 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| JODANI ECOSSE LTD→ SC668348 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2024-11-05
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
20 Lumphinnans Road
Lochgelly
Fife
KY5 9AR
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: —
Confirmation statement
Next due: 2026-11-18
Last: 2025-11-04
Officers (2 active · 0 resigned)
BUCHANAN, Lee→
Activedirector · ~39y · appointed 2024-11-05
View their other companies + combined net worth →
GLANCEY, Charli Eve→
Activedirector · ~39y · appointed 2024-11-05
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
9
Outstanding
4
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | 2 properties | 20/03/2026 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 07/01/2026 | — | |
| outstanding | Ms Lending SPV1 Ms Lending SPV1 Limited | A registered charge | 1 property | 20/11/2025 | — | |
| outstanding | Ms Lending SPV1 Ms Lending SPV1 Limited | A registered charge | 1 property | 20/11/2025 | — | |
| outstanding | Ms Lending SPV1 Ms Lending SPV1 Limited | A registered charge | — | 28/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 14/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 10/10/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 30/06/2025 | — | |
| satisfied | Ascot Bridging Finance 4 Ascot Bridging Finance 4 Limited | A registered charge | 1 property | 24/03/2025 | 18/03/2026 | |
| satisfied | Ascot Bridging Finance 4 Ascot Bridging Finance 4 Limited | A registered charge | — | 14/03/2025 | 18/03/2026 | |
| outstanding | Ms Lending SPV1 Ms Lending SPV1 Limited | A registered charge | 1 property | 18/02/2025 | — | |
| satisfied | Ms Lending SPV1 Ms Lending SPV1 Limited | A registered charge | — | 23/01/2025 | 26/09/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (18 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-24
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-18
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-14