MACKAY PROPERTIES LIMITED
🌳Matureactive
SC138867 · ltd · incorporated 1992-06-16
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
—
year to Oct 2024
Net worth
£8.51M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 77-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
57 live charges · 6 lenders · oldest 30.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — 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
57 charges (57/57 with lender, 57/57 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
205 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declaredPositive net assets
Net assets £8,505,319
Cash YoY
-3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£396k
↓ 2.5% YoY
Net Worth
£8.5m
~ YoY
Current Assets
£9.4m
↑ 3.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £8.61M | £8.49M |
| Current assets | £9.43M | £9.14M |
| Cash | £396.5k | £406.8k |
| Debtors | £9.03M | £8.73M |
| Net assets | £8.51M | £8.44M |
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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (144 events)Click to expand
- 2025-11-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-29➖MURRAY, Alan John resigneddirector
- 2023-03-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-10-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-10-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-06-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-06-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-12🔓Charge satisfied #57
- 2021-11-12🔓Charge satisfied #49
- 2021-11-12🔓Charge satisfied #43
- 2021-11-12🔓Charge satisfied #51
- 2021-11-12🔓Charge satisfied #50
- 2021-11-12🔓Charge satisfied #47
- 2021-11-12🔓Charge satisfied #45
- 2021-11-12🔓Charge satisfied #41
- 2021-11-12🔓Charge satisfied #40
- 2021-11-12🔓Charge satisfied #38
- 2021-11-12🔓Charge satisfied #37
- 2021-11-12🔓Charge satisfied #36
- 2021-11-12🔓Charge satisfied #34
- 2021-08-09🔓Charge satisfied #56
- 2021-08-09🔓Charge satisfied #55
- 2021-08-09🔓Charge satisfied #54
- 2021-08-09🔓Charge satisfied #53
- 2021-08-09🔓Charge satisfied #52
- 2021-08-09🔓Charge satisfied #48
- 2021-08-09🔓Charge satisfied #44
- 2021-08-09🔓Charge satisfied #42
- 2021-08-09🔓Charge satisfied #39
- 2021-08-09🔓Charge satisfied #35
- 2021-08-09🔓Charge satisfied #33
- 2021-03-02🔒Charge registered #57Lender: Hsbc UK Bank PLC
- 2021-01-25🔒Charge registered #56Lender: Hsbc UK Bank PLC
- 2021-01-25🔒Charge registered #55Lender: Hsbc UK Bank PLC
- 2021-01-21🔒Charge registered #54Lender: Hsbc UK Bank PLC
- 2021-01-21🔒Charge registered #53Lender: Hsbc UK Bank PLC
Showing most recent 50 of 144 events
Owner dependency
100/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "MACKAY" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 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 34 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Bells Road Properties Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Bells Road Properties Limited
Corporate parent · holds 75-100% shares · board control
⬇
MACKAY PROPERTIES LIMITED
This company · SC138867
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bells Road Properties Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/09/2022 |
4 historic (ceased) PSCs
- Bells Road Holdings Limitedceased 12/09/2022· 75-100% shares · 75-100% voting · board control
- Mackay Investments Limitedceased 12/09/2022· 75-100% shares · 75-100% voting · board control
- Mr Kenneth Roderick Mackayceased 06/04/2016· significant influence · firm interest
- Mrs Isabel Margaret Mackayceased 06/04/2016· significant influence · firm interest
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 →Similar companies
Active · Property · HS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THE WEST HARRIS TRUST→ SC347176 · est 2008 | £2.25M £1.91M–£2.58M | — | £2.25M | — | 17y | 83 | 78y |
| URRAS NAN GEARRANNAN→ SC125734 · est 1990 | £1.37M £1.16M–£1.57M | — | £1.37M | — | 35y | 81 | 76y |
| KEN MACDONALD & CO LIMITED→ SC434629 · est 2012 | £935.9k £795.5k–£1.08M | — | £935.9k | — | 13y | 78 | 83y |
| ANDERSON MACARTHUR LIMITED→ SC410939 · est 2011 | £240.7k £204.6k–£276.8k | — | £240.7k | — | 14y | 79 | 64y |
| CIB DEVELOPMENTS LIMITED→ SC270493 · est 2004 | £133.8k £113.7k–£153.9k | — | £133.8k | — | 21y | 82 | 70y |
| HARRIS GARAGE COMPANY (TARBERT) LIMITED→ SC058995 · est 1975 | £25.5k £21.6k–£29.3k | — | £25.5k | — | 50y | 83 | 91y |
| LONG ISLAND RURAL TRUST→ SC286396 · est 2005 | £7.6k £6.4k–£8.7k | — | £7.6k | — | 20y | 81 | 82y |
| BARVAS ESTATE, LIMITED→ SC013242 · est 1924 | — | — | — | 3 | 101y | 83 | 65y |
| JO JO HOLDINGS LTD→ SC209127 · est 2000 · no financials extracted | — | — | — | — | 25y | 80 | 67y |
| BROADBAY HOMES LIMITED→ SC562426 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CARLOWAY ESTATE TRUST (URRAS OIGHREACHD CHARLABHAIGH)→ SC472722 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| CEARNS PROPERTY LIMITED→ SC578780 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1992-06-16
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
20 Bells Road
Stornoway
Isle Of Lewis
HS1 2RA
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-24
Last: 2025-12-10
Officers (3 active · 3 resigned)
MACKAY, Kenneth Roderick→
Activesecretary · appointed 1992-06-16
View their other companies + combined net worth →
MACKAY, Isabel Margaret→
Activedirector · ~73y · appointed 1992-06-16
View their other companies + combined net worth →
MACKAY, Kenneth Roderick→
Activedirector · ~77y · appointed 1992-06-16
View their other companies + combined net worth →
COMBINED SECRETARIAL SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-06-16 · resigned 1992-06-16
MURRAY, Alan John→
Resigneddirector · ~70y · appointed 1998-01-05 · resigned 2023-03-29
COMBINED NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 1992-06-16 · resigned 1992-06-16
Click a director name to see their full track record across all companies.
Mortgages & charges
57
Total charges
0
Outstanding
0
Active lenders
Status:Lender:57 of 57 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 02/03/2021 | 12/11/2021 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 25/01/2021 | 09/08/2021 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 25/01/2021 | 09/08/2021 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | — | 21/01/2021 | 09/08/2021 | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | — | 21/01/2021 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 22/01/2018 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 2 properties | 11/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 09/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 9 properties | 08/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 2 properties | 08/08/2017 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/08/2017 | 20/04/2020 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/08/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 08/08/2017 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 09/08/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 21/07/2017 | 12/11/2021 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 21/07/2017 | 09/08/2021 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 03/03/2015 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Pubo) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 03/09/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 31/08/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Standard security | 1 property | 31/08/2012 | 09/08/2017 | |
| satisfied | Svenska Handelsbanken Ab (Publ) | Floating charge | 1 property | 24/08/2012 | 21/07/2017 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 08/07/2008 | 11/09/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 23/04/2008 | 11/09/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 06/02/2008 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 29/06/2006 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 02/06/2006 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/01/2006 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/07/2005 | 14/12/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/09/2004 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 21/05/2004 | 21/12/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/11/2003 | 17/01/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/06/2003 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 31/08/2000 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/06/2000 | 10/12/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 15/03/2000 | 14/12/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 17/11/1999 | 06/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 15/10/1998 | 24/12/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 06/07/1998 | 11/09/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 22/12/1995 | 10/12/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 05/12/1995 | 24/12/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 24/11/1995 | 10/12/2002 |
Recent filings (205 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
termination-director-company-with-name-termination-date
officers · TM01
2023-03-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-10-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-10-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-06-07