BALMORAL PROPERTY DEVELOPMENT LTD

🌱Startupactive

SC880120 · ltd · incorporated 2026-02-24

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.

Why now

Window opening · high confidence

Window opening — thesis has shifted to "property refinance" in the last 30 days.

· Investment thesis: stable_asset_backed → property_refinance
· Bankability: 65 → 47
· Opportunity score: 71 → 66
· Refinance opportunity: no_debt → too_messy

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 4 recent signals weakening vs 1 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 1 positive.

·Investment thesis: stable_asset_backed → property_refinance
↓Opportunity score: 71 → 66
↓Bankability: 65 → 47
↓Live charges: 0 → 6
↑Filings: 3 → 9
+2 more

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

66/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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

Pursue

Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 0.1y

0/100

too messy

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

· Newest facility, 0.1 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.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

9 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

66/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 6 mortgage

Last 90 days

filings

• 6 mortgage

Last 180 days

filings

• 6 mortgage
• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-29
🔒
Charge registered #6
Lender: Bank of Scotland PLC, Birmingham Midshires Division (SC327000)
2026-05-29
🔒
Charge registered #5
Lender: The Mortgage Works (UK) PLC (Company Number 02222856)
2026-05-29
🔒
Charge registered #4
Lender: Bank of Scotland PLC, Birmingham Midshires Division (SC327000)
2026-05-29
🔒
Charge registered #3
Lender: Bank of Scotland PLC, Birmingham Midshires Division (SC327000)
2026-05-29
🔒
Charge registered #2
Lender: The Mortgage Works (UK) PLC
2026-05-29
🔒
Charge registered #1
Lender: Bank of Scotland PLC, Birmingham Midshires Division (SC327000)
2026-03-29
➕
ALI, Sajia appointed
director
2026-03-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-24
🏢
Company incorporated
As BALMORAL PROPERTY DEVELOPMENT LTD
2026-02-24
➕
RUSSELL, Kenneth appointed
director
2026-02-24
📄
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 0.4 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: 2026-05-29: A registered charge; 2026-05-29: A registered charge; 2026-05-29: A registered charge

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Kenneth Russell Individual · British · DOB 11/1984 · age 42	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	24/02/2026

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

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INNOVATION PROPERTIES LIMITED→ SC312436 · est 2006	£444.7k £378.0k–£511.4k	—	£444.7k	—	19y	83	86y
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BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974	£117.8k £100.1k–£135.5k	—	£117.8k	—	52y	83	59y
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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.

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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.

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Company details

Statusactive

Typeltd

Incorporated2026-02-24

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

22 Greenoakhill Avenue

Glasgow

G71 7RD

United Kingdom

Filing status

Accounts

Next due: 2027-11-24

Last made up to: —

Confirmation statement

Next due: 2027-04-13

Last: 2026-03-30

Officers (2 active · 0 resigned)

ALI, Sajia→

director · ~48y · appointed 2026-03-29

View their other companies + combined net worth →

Active

RUSSELL, Kenneth→

director · ~42y · appointed 2026-02-24

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Lloyds Banking Group Bank of Scotland PLC, Birmingham Midshires Division (SC327000)	A registered charge	1 property	29/05/2026	—
outstanding	The Mortgage Works (UK) (Company Number 02222856) The Mortgage Works (UK) PLC (Company Number 02222856)	A registered charge	1 property	29/05/2026	—
outstanding	Lloyds Banking Group Bank of Scotland PLC, Birmingham Midshires Division (SC327000)	A registered charge	1 property	29/05/2026	—
outstanding	Lloyds Banking Group Bank of Scotland PLC, Birmingham Midshires Division (SC327000)	A registered charge	1 property	29/05/2026	—
outstanding	The Mortgage Works (UK) The Mortgage Works (UK) PLC	A registered charge	1 property	29/05/2026	—
outstanding	Lloyds Banking Group Bank of Scotland PLC, Birmingham Midshires Division (SC327000)	A registered charge	1 property	29/05/2026	—

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