BELLIS REALTY LTD
🌱Startupactive
SC841383 · ltd · incorporated 2025-03-14
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
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
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 0.0y
0/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.0 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 (57/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
4
filings
- • 4 mortgage
Last 90 days
5
filings
- • 4 mortgage
- • 1 confirmation-statement
Last 180 days
6
filings
- • 4 mortgage
- • 1 confirmation-statement
- • 1 address
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-04-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-23🔒Charge registered #4Lender: Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF
- 2026-04-21🔒Charge registered #3Lender: Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF
- 2026-04-21🔒Charge registered #2Lender: Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh, EH2 4DF
- 2026-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-17🔒Charge registered #1Lender: Hampden & Co PLC, 20/21 Charlotte Square, Edinburgh, EH2 4DF
- 2026-01-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-09-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-04📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-09-04📄capital-name-of-class-of-sharescapital · SH08
- 2025-09-04📄memorandum-articlesincorporation · MA
- 2025-09-04📄resolutionresolution · RESOLUTIONS
- 2025-03-14🏢Company incorporatedAs BELLIS REALTY LTD
- 2025-03-14➕LAWSON, Elaine appointedsecretary
- 2025-03-14➕JOHNSTON, Alan appointeddirector
- 2025-03-14📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
Critical — business is the founderThe 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 1.1 years old — management layer unlikely to be developed.
Succession & seller-readiness
45/100
Moderate signalSome 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
1 med ·4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-04-23: A registered charge; 2026-04-21: A registered charge; 2026-04-21: A registered charge
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan Johnston Individual · British · DOB 05/1981 · age 45 | 50–75% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/03/2025 |
Daisy Caroline Johnston Individual · British · DOB 03/2023 · age 3 | 25–50% | — | 25-50% shares | 01/09/2025 |
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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2025-03-14
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
23c Dundas Street
Edinburgh
EH3 6QQ
Scotland
Filing status
Accounts
Next due: 2026-12-14
Last made up to: —
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13
Officers (2 active · 0 resigned)
Active
JOHNSTON, Alan→
Activedirector · ~45y · appointed 2025-03-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Hampden & Co (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF | A registered charge | 1 property | 23/04/2026 | — | |
| outstanding | Hampden & Co (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh EH2 4DF | A registered charge | 1 property | 21/04/2026 | — | |
| outstanding | Hampden & Co (SC386922) at 20/21 Charlotte Square, Edinburgh, EH2 4DF Hampden & Co PLC (SC386922) at 20/21 Charlotte Square, Edinburgh, EH2 4DF | A registered charge | 1 property | 21/04/2026 | — | |
| outstanding | Hampden & Co , 20/21 Charlotte Square, Edinburgh, EH2 4DF Hampden & Co PLC, 20/21 Charlotte Square, Edinburgh, EH2 4DF | A registered charge | 1 property | 17/04/2026 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (13 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-17
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-04
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-09-04
capital-name-of-class-of-shares
capital · SH08
2025-09-04
memorandum-articles
incorporation · MA
2025-09-04
resolution
resolution · RESOLUTIONS
2025-09-04
incorporation-company
incorporation · NEWINC
2025-03-14