FREELANDS PROPERTIES (MAIN STREET) LIMITED

🌳Matureactive

SC289848 · ltd · incorporated 2005-09-05

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 9.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£19.8k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68310Real estate agencies

Investor take

Pursue

Property-backed borrower with a 69-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 9.0y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 9.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 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

3 active PSC(s) of 3 total, 3 with control declared

Director network

5 connected companies via shared directors

Filing history

53 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 · FRS 105 (micro)

Positive net assets

Net assets £19,807

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£20k

↑ 36% YoY

Current Assets

£13k

↑ 13% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-12-31	2023-12-31
Total assets	£38.7k	£39.6k
Current assets	£12.6k	£11.1k
Net assets	£19.8k	£14.5k

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-08-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-09-27
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2017-08-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-05-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-05-12
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2016-08-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-08-04
📄
change-person-director-company-with-change-date
officers · CH01
2015-08-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-12
📄
accounts-with-accounts-type-dormant
accounts · AA
2005-09-05
🏢
Company incorporated
As FREELANDS PROPERTIES (MAIN STREET) LIMITED
2005-09-05
➕
MACDONALD, James Anderson Cowan appointed
secretary
2005-09-05
➕
MACDONALD, James Anderson Cowan appointed
director
2005-09-05
➕
SANTONI, Paul appointed
director
2005-09-05
➕
WIGHT, Stephen John Robert appointed
director
2005-09-05
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2005-09-05
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2005-09-05
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director
2005-09-05
➖
JORDANS (SCOTLAND) LIMITED 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 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

80/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen John Robert Wight Individual · British · DOB 09/1961 · age 65	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Paul Santoni Individual · British · DOB 12/1957 · age 69	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr James Anderson Cowan Macdonald Individual · British · DOB 10/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	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 · ML postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BERMAR PROPERTIES (SCOTLAND) LIMITED→ SC162059 · est 1995	£1.37M £1.16M–£1.58M	—	£1.37M	—	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
BELLSHILL METAL WORKS (GLASGOW) LIMITED→ SC026908 · est 1949	£263.0k £223.5k–£302.4k	—	£263.0k	—	77y	82	68y
S & J PROPERTY LETTING LTD.→ SC289197 · est 2005	£55.7k £47.4k–£64.1k	—	£55.7k	—	20y	83	76y
HAMILTON LICENSED GROCERS LTD→ SC329772 · est 2007	£36.4k £31.0k–£41.9k	—	£36.4k	—	18y	83	67y
APR PROPERTIES LIMITED→ SC023267 · est 1945	—	—	—	0	81y	83	64y
MANSEWOOD FACTORS LIMITED→ SC096696 · est 1986	—	—	—	0	40y	83	88y
A & O QUINTILIANI LIMITED→ SC311440 · est 2006	—	—	—	—	19y	82	64y
A W BRITTON LIMITED→ SC262068 · est 2004	—	—	—	0	22y	82	59y
ALBERT BARTLETT & SONS (LESLIE) LIMITED→ SC037899 · est 1962 · no financials extracted	—	—	—	—	63y	82	70y

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.

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Company details

Statusactive

Typeltd

Incorporated2005-09-05

Jurisdictionscotland

Primary SIC68100 — Buying and selling of own real estate

Registered office

36 Muir Street

Motherwell

ML1 1BW

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-14

Last: 2025-07-31

Officers (4 active · 2 resigned)

MACDONALD, James Anderson Cowan→

secretary · appointed 2005-09-05

View their other companies + combined net worth →

Active

MACDONALD, James Anderson Cowan→

director · ~66y · appointed 2005-09-05

View their other companies + combined net worth →

Active

SANTONI, Paul→

director · ~69y · appointed 2005-09-05

View their other companies + combined net worth →

Active

WIGHT, Stephen John Robert→

director · ~65y · appointed 2005-09-05

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2005-09-05 · resigned 2005-09-05

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2005-09-05 · resigned 2005-09-05

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
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	27/09/2017	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	12/05/2017	—

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