FM PROPERTY INVESTMENT LIMITED

💤Zombieactive
SC332564 · ltd · incorporated 2007-10-18
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 77/100. Strong seller-intent signal (68/100, director aged 56). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

26 live charges · 5 lenders · oldest 18.5y

15/100
under pressure

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

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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
50
Lenders & charges
26 charges (26/26 with lender, 26/26 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-02-28
Average employees-100

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (83 events)Click to expand
  1. 2025-10-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-05-25
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2018-05-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2018-05-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2018-05-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2018-05-22
    🔓
    Charge satisfied #26
  14. 2018-05-22
    🔓
    Charge satisfied #25
  15. 2018-05-22
    🔓
    Charge satisfied #23
  16. 2018-04-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2018-04-03
    🔓
    Charge satisfied #22
  18. 2018-02-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-02-26
    🔓
    Charge satisfied #24
  20. 2017-04-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2013-08-07
    🔒
    Charge registered #26
    Lender: Santander UK PLC
  22. 2012-11-21
    🔒
    Charge registered #25
    Lender: Hadrian S.A.R.L.
  23. 2012-11-21
    🔒
    Charge registered #24
    Lender: Santander UK PLC
  24. 2012-11-17
    🔓
    Charge satisfied #21
  25. 2012-11-17
    🔓
    Charge satisfied #20
  26. 2012-11-17
    🔓
    Charge satisfied #19
  27. 2012-11-17
    🔓
    Charge satisfied #18
  28. 2012-11-17
    🔓
    Charge satisfied #17
  29. 2012-11-17
    🔓
    Charge satisfied #16
  30. 2012-11-17
    🔓
    Charge satisfied #15
  31. 2012-11-17
    🔓
    Charge satisfied #8
  32. 2012-11-17
    🔓
    Charge satisfied #13
  33. 2012-11-17
    🔓
    Charge satisfied #12
  34. 2012-11-17
    🔓
    Charge satisfied #11
  35. 2012-11-17
    🔓
    Charge satisfied #10
  36. 2012-11-17
    🔓
    Charge satisfied #7
  37. 2012-11-17
    🔓
    Charge satisfied #6
  38. 2012-11-17
    🔓
    Charge satisfied #5
  39. 2012-11-17
    🔓
    Charge satisfied #4
  40. 2012-11-17
    🔓
    Charge satisfied #3
  41. 2012-11-17
    🔓
    Charge satisfied #2
  42. 2012-11-17
    🔓
    Charge satisfied #1
  43. 2012-11-15
    🔒
    Charge registered #23
    Lender: Santander UK PLC
  44. 2012-11-12
    🔒
    Charge registered #22
    Lender: Santander UK PLC
  45. 2012-07-11
    🔒
    Charge registered #21
    Lender: Hadrian S.A.R.L.
  46. 2012-06-11
    🔒
    Charge registered #20
    Lender: Hadrian S.A.R.L.
  47. 2012-05-22
    🔒
    Charge registered #19
    Lender: Hadrian S.A.R.L.
  48. 2012-04-27
    🔒
    Charge registered #18
    Lender: Hadrian S.A.R.L.
  49. 2012-03-20
    🔒
    Charge registered #17
    Lender: Hadrian S.A.R.L.
  50. 2012-03-07
    🔒
    Charge registered #16
    Lender: Hadrian S.A.R.L.
Showing most recent 50 of 83 events

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Western Harbour Developments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Western Harbour Developments Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FM PROPERTY INVESTMENT LIMITED
This company · SC332564

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Western Harbour Developments Limited
Corporate entity
75–100%
—75-100% shares06/04/2016
Mr Jonathon Alexander Milne
Individual · British · DOB 05/1970 · age 56
——sig. influencesignificant influence06/04/2016

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 →

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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
Incorporated2007-10-18
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

9 Great Stuart Street
Edinburgh
EH3 7TP

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (1 active · 7 resigned)

MILNE, Jonathon Alexander→
director · ~56y · appointed 2007-10-18
View their other companies + combined net worth →
Active
LURRING, Robert Graeme→
secretary · appointed 2010-05-04 · resigned 2010-05-18
Resigned
MILNE, Jonathon Alexander→
secretary · appointed 2007-10-18 · resigned 2010-05-04
Resigned
BURNESS LLP→
corporate-secretary · appointed 2007-10-18 · resigned 2007-10-18
Resigned
FORBES, John Inglis→
director · ~79y · appointed 2007-10-18 · resigned 2010-05-04
Resigned
MILNE, John Todd→
director · ~81y · appointed 2007-10-18 · resigned 2010-05-04
Resigned
MILNE, Richard Todd→
director · ~55y · appointed 2009-03-25 · resigned 2010-05-04
Resigned
BURNESS (DIRECTORS) LIMITED→
corporate-director · appointed 2007-10-18 · resigned 2007-10-18
Resigned

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

Mortgages & charges

26
Total charges
0
Outstanding
0
Active lenders
Status:Lender:26 of 26 shown
TypeProperties
satisfied
Santander
Santander UK PLC
A registered charge1 property07/08/201322/05/2018
satisfied
Hadrian S.A.R.L.
Standard security1 property21/11/201222/05/2018
satisfied
Santander
Santander UK PLC
Standard security1 property21/11/201226/02/2018
satisfied
Santander
Santander UK PLC
Charge over bank accounts1 property15/11/201222/05/2018
satisfied
Santander
Santander UK PLC
Floating charge1 property12/11/201203/04/2018
satisfied
Hadrian S.A.R.L.
Assignation in security1 property11/07/201217/11/2012
satisfied
Hadrian S.A.R.L.
Standard security1 property11/06/201217/11/2012
satisfied
Hadrian S.A.R.L.
Assignation in security1 property22/05/201217/11/2012
satisfied
Hadrian S.A.R.L.
Standard security1 property27/04/201217/11/2012
satisfied
Hadrian S.A.R.L.
Assignation in security1 property20/03/201217/11/2012
satisfied
Hadrian S.A.R.L.
Standard security1 property07/03/201217/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security2 properties23/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security1 property23/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security2 properties18/12/200907/09/2010
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security2 properties18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security1 property18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security1 property18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security1 property18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation Limited
Standard security1 property18/12/200901/09/2010
satisfied
Anglo Irish Bank Corporation
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Standard security1 property18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
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Standard security1 property18/12/200917/11/2012
satisfied
Anglo Irish Bank Corporation
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Standard security1 property18/12/200917/11/2012
satisfied
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Standard security1 property01/05/200917/11/2012
satisfied
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Standard security1 property27/11/200717/11/2012
satisfied
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Bond & floating charge1 property29/10/200717/11/2012
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Recent filings (110 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-10-23