MULLIGANS PROPERTIES LIMITED
Opportunity 69/100 (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: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 1.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.3 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 (55/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 3 mortgage
- • 1 confirmation-statement
- • 1 address
Corporate timeline (12 events)Click to expand
- 2026-02-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-10🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2026-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-16🔒Charge registered #3Lender: Mortgage Works (UK) PLC
- 2025-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-22🔒Charge registered #2Lender: Mortgage Works (UK) PLC
- 2025-12-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-01-23🔒Charge registered #1Lender: Paragon Bank PLC
- 2024-11-28🏢Company incorporatedAs MULLIGANS PROPERTIES LIMITED
- 2024-11-28➕MULLIGAN, Josh appointeddirector
- 2024-11-28📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "MULLIGAN" — strong identity link between founder and business.
- +Young company: Only 1.5 years old — management layer unlikely to be developed.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-10: A registered charge; 2026-01-16: A registered charge; 2025-12-22: A registered charge
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Josh Mulligan Individual · Scottish · DOB 11/2002 · age 24 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/11/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PZ PROPERTY LTD→ SC717712 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| QUAY HOUSE PROPERTY LIMITED→ SC402840 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| QUEENSBERRY PROPERTIES (BONNINGTON) LTD→ SC528686 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| R-AYE LIVING LIMITED→ SC835907 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| R.B.G. PROPERTIES LIMITED→ SC218743 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| RAB AND MORIA’S LET LIMITED→ SC804631 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| RACHAEL STUBBS LTD→ SC760784 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| RAE HOMES LTD→ SC743147 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| RAFFAELLI WINES LIMITED→ SC093175 · est 1985 · no financials extracted | — | — | — | — | 40y | — | — |
| RAFSKI COMPANY LTD→ SC848363 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| RAINE-FRASER LTD→ SC819386 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| RAISED LAND LIMITED→ SC549256 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
10 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 10/02/2026 | — | |
| outstanding | Mortgage Works (UK) Mortgage Works (UK) PLC | A registered charge | 1 property | 16/01/2026 | — | |
| outstanding | Mortgage Works (UK) Mortgage Works (UK) PLC | A registered charge | 1 property | 22/12/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 23/01/2025 | — |