LEMAY INVESTMENTS LIMITED

🌳Matureactive

SC253839 · ltd · incorporated 2003-08-06

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 22.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£53.3k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Renting and operating of Housing Association real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 70). 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 (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.4y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 22.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — 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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (4 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

3 connected companies via shared directors

Filing history

59 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

83/100Exceptional

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 · accounting standard not declared

Positive net assets

Net assets £53,318

Cash YoY

+51%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£3k

↑ 51% YoY

Net Worth

£53k

↑ 27% YoY

Current Assets

£4k

↑ 36% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£61.3k	£46.2k
Current assets	£3.9k	£2.9k
Cash	£2.5k	£1.7k
Debtors	£1.4k	£1.2k
Net assets	£53.3k	£42.1k

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

🔒Filing-note intelligence

2 signals 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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-09-25
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-25
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2016-09-24
🔓
Charge satisfied #2
2016-03-30
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2015-09-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2004-02-11
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2004-01-19
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2003-08-06
🏢
Company incorporated
As LEMAY INVESTMENTS LIMITED
2003-08-06
➕
MUNRO, Rosalind Margaret appointed
secretary
2003-08-06
➕
KELLY, Andrew appointed
director
2003-08-06
➕
MUNRO, Rosalind Margaret appointed
director
2003-08-06
➕
WELSH, Thomas Richard appointed
director
2003-08-06
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-08-06
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-08-06
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-08-06
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

90/100

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 70 years old. Natural succession window is now.
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.)

Group structure

Crawford Lemay Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Crawford Lemay Ltd

Corporate parent · holds 25-50% shares · board control

significant stake

⬇

LEMAY INVESTMENTS LIMITED

This company · SC253839

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Crawford Lemay Ltd Corporate entity	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence	06/04/2016
Mr Thomas Richard Welsh Individual · British · DOB 05/1964 · age 62	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence	06/04/2016

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 →

Similar companies

Active · Property · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GANDER EQUITIES LIMITED→ SC038884 · est 1963	£5.39M £4.58M–£6.20M	—	£5.39M	—	62y	83	87y
DOMINPLAN PROPERTY CO. LIMITED→ SC039504 · est 1963	£1.92M £1.63M–£2.21M	—	£1.92M	—	62y	83	89y
NEWTON PROPERTY MANAGEMENT LTD.→ SC224378 · est 2001	£1.45M £1.23M–£1.66M	—	£1.45M	—	24y	83	70y
MILBEAR HOLDINGS (GLASGOW) LIMITED→ SC046691 · est 1969	£974.3k £828.2k–£1.12M	—	£974.3k	—	56y	83	101y
CITYPROP INVESTMENTS LTD.→ SC157489 · est 1995	£927.3k £788.2k–£1.07M	—	£927.3k	—	31y	83	87y
CALEDONIA WATERFRONT (HARBOUR ROAD) LIMITED→ SC345086 · est 2008	£623.3k £529.8k–£716.8k	—	£623.3k	—	17y	83	70y
INNOVATION PROPERTIES LIMITED→ SC312436 · est 2006	£444.7k £378.0k–£511.4k	—	£444.7k	—	19y	83	86y
OREBLOCK LIMITED→ SC161313 · est 1995	£146.5k £124.6k–£168.5k	—	£146.5k	—	30y	83	69y
HORSESHOE DEVELOPMENTS (PORT GLASGOW) LIMITED→ SC315228 · est 2007	£132.9k £113.0k–£152.9k	—	£132.9k	—	19y	83	68y
BARRWOOD DEVELOPMENTS LIMITED→ SC055126 · est 1974	£117.8k £100.1k–£135.5k	—	£117.8k	—	52y	83	59y
GALEN PROPERTIES LTD→ SC283636 · est 2005	£64.1k £54.5k–£73.7k	—	£64.1k	—	21y	83	62y
CAIRN LETTING LIMITED→ SC210819 · est 2000	£40.0k £34.0k–£46.0k	—	£40.0k	—	25y	83	58y

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

Incorporated2003-08-06

Jurisdictionscotland

Primary SIC68201 — Renting and operating of Housing Association real estate

Registered office

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-11

Last: 2025-07-28

Officers (4 active · 2 resigned)

MUNRO, Rosalind Margaret→

secretary · appointed 2003-08-06

View their other companies + combined net worth →

Active

KELLY, Andrew→

director · ~70y · appointed 2003-08-06

View their other companies + combined net worth →

Active

MUNRO, Rosalind Margaret→

director · ~61y · appointed 2003-08-06

View their other companies + combined net worth →

Active

WELSH, Thomas Richard→

director · ~62y · appointed 2003-08-06

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-08-06 · resigned 2003-08-06

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-08-06 · resigned 2003-08-06

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	11/02/2004	24/09/2016
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	19/01/2004	—

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