LEWIS SALMON LIMITED

🌳Matureactive
SC090546 · ltd · incorporated 1984-11-14
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
—
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Turnover
—
year to Jun 2025
Net worth
£440.6k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 69). 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 (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 41.3y

35/100
too messy

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

  • · Oldest live charge is 41.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £440,585

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£441k
↑ 16% YoY
Current Assets
£574
↓ 51% YoY
Current Liabilities
—
£0£88k£176k£264k£352k£441kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£440.6k£381.4k
Current assets£574£1.2k
Net assets£440.6k£381.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-23
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    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-02-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2013-07-22
    🔓
    Charge satisfied #2
  17. 2006-07-18
    🔒
    Charge registered #5
    Lender: Trouw (UK) Limited
  18. 2005-04-15
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  19. 2001-11-22
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  20. 1994-08-18
    🔓
    Charge satisfied #1
  21. 1987-03-25
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 1985-02-22
    🔒
    Charge registered #1
    Lender: The Highlands and Islands Development Board
  23. 1984-11-14
    🏢
    Company incorporated
    As LEWIS SALMON LIMITED

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lewis Finlayson Macleod
Individual · British · DOB 11/1957 · age 69
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Margaret Etta Macleod
Individual · British · DOB 07/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1984-11-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Lower Sandwick
Stornoway
Isle Of Lewis
HS2 0AE

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-29
Last: 2025-11-15

Officers (3 active · 0 resigned)

MACLEOD, Margaret Etta→
secretary
View their other companies + combined net worth →
Active
MACLEOD, Lewis Finlayson→
director · ~69y
View their other companies + combined net worth →
Active
MACLEOD, Margaret Etta→
director · ~67y
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Trouw (UK)
Trouw (UK) Limited
Bond & floating charge1 property18/07/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Statutory mortgage1 property15/04/2005—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/11/2001—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/03/198722/07/2013
satisfied
The Highlands and Islands Development Board
Instrument of charge1 property22/02/198518/08/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-29