ASSURED HERITABLE PROPERTIES 1989/1990 NO. 2 PUBLIC LIMITED COMPANY
- 9305SIC 9305
Opportunity 46/100 (watch), bankability 32/100. Strong seller-intent signal (78/100, director aged 85). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
Refinance opportunity
10 live charges · 3 lenders · oldest 35.5y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 35.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 70/100 (specialist).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (44 events)Click to expand
- 2017-03-07📄gazette-dissolved-compulsorygazette · GAZ2
- 2017-03-07🏁Company dissolved
- 2016-12-20📄gazette-notice-compulsorygazette · GAZ1
- 1999-11-26⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 1999-05-06⚠️liquidation-voluntary-liquidators-statement-of-receipts-payments-scotlandinsolvency · 4.6(Scot)
- 1998-12-21⚠️liquidation-voluntary-liquidators-statement-of-receipts-payments-scotlandinsolvency · 4.6(Scot)
- 1997-10-23📄resolutionresolution · RESOLUTIONS
- 1997-10-23⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 1997-10-23📍legacyaddress · 287
- 1997-10-15⚠️liquidation-voluntary-declaration-of-solvency-scotlandinsolvency · 4.25(Scot)
- 1997-02-06📄legacyannual-return · 363s
- 1996-10-25📄accounts-with-accounts-type-fullaccounts · AA
- 1996-09-17📄legacymortgage · 419a(Scot)
- 1996-09-17🔓Charge satisfied #6
- 1996-01-09📄legacyannual-return · 363s
- 1995-10-12📄accounts-with-accounts-type-fullaccounts · AA
- 1994-12-29📄legacyannual-return · 363s
- 1994-10-26📄accounts-with-accounts-type-fullaccounts · AA
- 1994-03-15📄legacyofficers · 288
- 1994-01-20➕SHEPPARD, Francis Stanley appointeddirector
- 1994-01-20➖ANDERSON, Ross Allan resigneddirector
- 1994-01-17📄legacyannual-return · 363s
- 1993-10-19📄legacymortgage · 419a(Scot)
- 1993-10-19🔓Charge satisfied #9
- 1993-09-10📄accounts-with-accounts-type-fullaccounts · AA
- 1993-08-03📄legacymortgage · 410(Scot)
- 1993-07-28🔒Charge registered #10Lender: Bon Accord Limited
- 1993-07-06📄legacymortgage · 410(Scot)
- 1993-07-06📄legacymortgage · 410(Scot)
- 1993-06-23🔒Charge registered #9Lender: Tsb Bank Scotland PLC
- 1993-06-23🔒Charge registered #8Lender: Tsb Bank Scotland PLC
- 1993-01-31📄legacyannual-return · 363s
- 1992-11-26📄accounts-with-accounts-type-fullaccounts · AA
- 1992-06-09🔒Charge registered #7Lender: Tsb Bank Scotland PLC
- 1992-03-30🔓Charge satisfied #1
- 1992-02-10🔒Charge registered #5Lender: Tsb Bank Scotland PLC
- 1992-02-10🔒Charge registered #4Lender: Tsb Bank Scotland PLC
- 1992-02-10🔒Charge registered #3Lender: Tsb Bank Scotland PLC
- 1992-02-10🔒Charge registered #2Lender: Tsb Bank Scotland PLC
- 1992-01-28🔒Charge registered #6Lender: Tsb Bank Scotland PLC
- 1991-12-16➕SMITH, James Angus appointeddirector
- 1991-11-22➖JENSEN, Barbara Mary resigneddirector
- 1990-10-04🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1990-01-03🏢Company incorporatedAs ASSURED HERITABLE PROPERTIES 1989/1990 NO. 2 PUBLIC LIMITED COMPANY
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 85 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-03-07
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 1999-11-26: liquidation-compulsory-return-of-final-meeting-scotland; 1999-05-06: liquidation-voluntary-liquidators-statement-of-receipts-payments-scotland
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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11 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 (0 active · 2 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bon Accord Bon Accord Limited | Standard security | 1 property | 28/07/1993 | — | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 23/06/1993 | 19/10/1993 | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 23/06/1993 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Floating charge | 1 property | 09/06/1992 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 10/02/1992 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 10/02/1992 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 10/02/1992 | — | |
| outstanding | Lloyds Banking Group Tsb Bank Scotland PLC | Standard security | 1 property | 10/02/1992 | — | |
| satisfied | Lloyds Banking Group Tsb Bank Scotland PLC | Bond & floating charge | 1 property | 28/01/1992 | 17/09/1996 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 04/10/1990 | 30/03/1992 |