PHILIP FREEMAN PROPERTIES LIMITED

💤Zombieactive

SC245574 · ltd · incorporated 2003-03-12

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

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

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£159.2k

book net assets

Opportunity

82/100

Exceptional

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

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 85-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 22.9y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 22.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (70/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £159,248

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£159k

Current Assets

£1k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-31
Total assets	£159.2k
Current assets	£1.3k
Net assets	£159.2k

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

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-27
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accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-04-17
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accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-03-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-12
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2022-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-19
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-12-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-24
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2019-10-24
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2019-10-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2003-08-06
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2003-03-12
🏢
Company incorporated
As PHILIP FREEMAN PROPERTIES LIMITED
2003-03-12
➕
FREEMAN, Denise appointed
secretary
2003-03-12
➕
FREEMAN, Philip appointed
director
2003-03-12
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-03-12
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-03-12
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-03-12
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

100/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Founder name in company name: Company name contains director surname "FREEMAN" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

100/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Philip Freeman Individual · British · DOB 10/1941 · age 85	75–100%	—	75-100% shares	12/03/2017

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 · ML postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BERMAR PROPERTIES (SCOTLAND) LIMITED→ SC162059 · est 1995	£1.34M £1.13M–£1.54M	—	£1.34M	—	30y	82	86y
HOPE STREET INVESTMENTS LIMITED→ SC183228 · est 1998	£662.4k £563.0k–£761.7k	—	£662.4k	—	28y	83	72y
ALMADA DEVELOPMENTS LTD.→ SC228289 · est 2002	£594.6k £505.4k–£683.8k	—	£594.6k	—	24y	82	60y
ACFORM INVESTMENTS LIMITED→ SC336660 · est 2008	£332.7k £282.8k–£382.6k	—	£332.7k	—	18y	83	61y
D C BREEZE LIMITED→ SC230805 · est 2002	£293.2k £249.2k–£337.2k	—	£293.2k	—	24y	82	62y
BELLSHILL METAL WORKS (GLASGOW) LIMITED→ SC026908 · est 1949	£263.0k £223.5k–£302.4k	—	£263.0k	—	77y	82	68y
LESMAHAGOW LAND AND PROPERTY COMPANY LIMITED→ SC196694 · est 1999	£252.1k £214.2k–£289.9k	—	£252.1k	—	27y	82	78y
ELMHURST LIMITED→ SC181120 · est 1997	£245.9k £209.0k–£282.8k	—	£245.9k	—	28y	82	86y
EMPIRE STATE LIMITED→ SC336178 · est 2008	£218.9k £186.1k–£251.8k	—	£218.9k	—	18y	82	67y
BIRNAM DEVELOPMENTS LIMITED→ SC231140 · est 2002	£175.7k £149.3k–£202.1k	—	£175.7k	—	24y	82	71y
MARKETING SERVICES (SCOTLAND) LIMITED→ SC241331 · est 2002	£142.4k £121.1k–£163.8k	—	£142.4k	—	23y	82	63y
R & R PROPERTY DEVELOPMENTS LTD.→ SC214069 · est 2000	£131.8k £112.0k–£151.5k	—	£131.8k	—	25y	82	61y

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

Incorporated2003-03-12

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Campbell Lane

Hamilton

ML3 6DB

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-26

Last: 2026-03-12

Officers (2 active · 2 resigned)

FREEMAN, Denise→

secretary · appointed 2003-03-12

View their other companies + combined net worth →

Active

FREEMAN, Philip→

director · ~85y · appointed 2003-03-12

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-03-12 · resigned 2003-03-12

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-03-12 · resigned 2003-03-12

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	06/08/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-24

accounts-with-accounts-type-micro-entity

accounts · AA

2026-03-30

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2025-05-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-13

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2025-04-17

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-05-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-09

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-20

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2023-04-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-23

accounts-with-accounts-type-micro-entity

accounts · AA

2022-12-19

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2022-07-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-05

accounts-with-accounts-type-micro-entity

accounts · AA

2021-12-21