ALPHA EQUITIES LIMITED

🌳Matureactive
SC331034 · ltd · incorporated 2007-09-18
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.6y old — refinance window within 12 months
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 Sept 2024
Net worth
£105.8k
book net assets
Opportunity
83/100
Exceptional
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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 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). 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

3 live charges · 2 lenders · oldest 18.6y

50/100
clean up first

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

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
59 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
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £105,758
Cash YoY
-12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£24k
↓ 12% YoY
Net Worth
£106k
~ YoY
Current Assets
£24k
↓ 12% YoY
Current Liabilities
—
£0£21k£42k£63k£85k£106kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£469.3k£468.9k
Current assets£23.7k£27.0k
Cash£23.7k£27.0k
Net assets£105.8k£104.8k

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 persons-with-significant-control
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-01-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-01-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-08-01
    ➕
    HANLON, Lee Brian appointed
    director
  4. 2025-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-07-16
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  12. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-09-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2018-09-14
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  16. 2018-08-09
    ➖
    HANLON, Lee Brian resigned
    secretary
  17. 2018-08-09
    ➖
    HANLON, Lee Brian resigned
    director
  18. 2018-08-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2018-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2018-08-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2018-08-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2018-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2007-11-09
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  24. 2007-09-18
    🏢
    Company incorporated
    As ALPHA EQUITIES LIMITED
  25. 2007-09-18
    ➕
    DEVENNEY, John Hugh appointed
    director
  26. 2007-09-18
    ➕
    HANLON, Lee Brian appointed
    secretary
  27. 2007-09-18
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  28. 2007-09-18
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  29. 2007-09-18
    ➕
    HANLON, Lee Brian appointed
    director
  30. 2007-09-18
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director
  31. 2007-09-18
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • 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

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Hugh Devenney
Individual · British · DOB 07/1963 · age 63
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Lee Brian Hanlon
Individual · Scottish · DOB 07/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting01/08/2025
1 historic (ceased) PSC
  • Mr Lee Brian Hanlonceased 09/08/2018· 25-50% shares · 25-50% voting

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 →

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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
Incorporated2007-09-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1 Coll Place
Grangemouth
FK3 0BB
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (2 active · 4 resigned)

DEVENNEY, John Hugh→
director · ~63y · appointed 2007-09-18
View their other companies + combined net worth →
Active
HANLON, Lee Brian→
director · ~43y · appointed 2025-08-01
View their other companies + combined net worth →
Active
HANLON, Lee Brian→
secretary · appointed 2007-09-18 · resigned 2018-08-09
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2007-09-18 · resigned 2007-09-18
Resigned
HANLON, Lee Brian→
director · ~43y · appointed 2007-09-18 · resigned 2018-08-09
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2007-09-18 · resigned 2007-09-18
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property16/07/2021—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—14/09/2018—
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property09/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-09
appoint-person-director-company-with-name-date
officers · AP01
2026-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30