XS PROPERTY LIMITED

💤Zombieactive
SC348562 · ltd · incorporated 2008-09-16
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 Jan 2025
Net worth
£533.7k
book net assets
Opportunity
77/100
Strong
🔔
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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
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -81% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 17.5y

45/100
under pressure

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

  • · Oldest live charge is 17.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
45 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
77/100Strong
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
85
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 £533,715
Net assets shrinking
Down £10,544 YoY
Cash draining
Cash down 81% YoY
Cash YoY
-81%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£25k
↓ 81% YoY
Net Worth
£534k
↓ 1.9% YoY
Current Assets
£72k
↓ 60% YoY
Current Liabilities
£0£109k£218k£327k£435k£544kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£533.7k£544.3k
Current assets£71.6k£179.2k
Cash£25.2k£134.1k
Debtors£46.5k£45.1k
Net assets£533.7k£544.3k

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

🔒Filing-note intelligence

4 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2021-07-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2020-12-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2020-02-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2020-02-03
    🔓
    Charge satisfied #1
  9. 2019-11-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2019-08-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2019-03-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-10-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2018-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2017-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2017-09-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2017-09-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2017-09-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2008-11-21
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  19. 2008-10-22
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  20. 2008-09-16
    🏢
    Company incorporated
    As XS PROPERTY LIMITED
  21. 2008-09-16
    HODGE, Julie appointed
    secretary
  22. 2008-09-16
    HODGE, Adrian Mark appointed
    director

Owner dependency

90/100
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 18 years — deep operational knowledge concentrated in one person.
  • +No director turnover: Company is 18 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 18 years.
  • secondaryStable-but-static management: Company is 18 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

Alh Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Alh Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
XS PROPERTY LIMITED
This company · SC348562

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Alh Group Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016
3 historic (ceased) PSCs
  • Mr Adrian Mark Hodgeceased 06/04/2016· 25-50% shares
  • Mrs Julie Hodgeceased 06/04/2016· 25-50% shares
  • Mr Charles Douglas Hodgeceased 06/04/2016· 25-50% shares

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
Incorporated2008-09-16
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Brewster Place
Riverside Business Park
Irvine
KA11 5DD

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-09-30
Last: 2025-09-16

Officers (2 active · 0 resigned)

HODGE, Julie
secretary · appointed 2008-09-16
View their other companies + combined net worth →
Active
HODGE, Adrian Mark
director · ~56y · appointed 2008-09-16
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property21/11/2008
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property22/10/200803/02/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27
accounts-with-accounts-type-small
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-17
accounts-with-accounts-type-small
accounts · AA
2021-07-15
accounts-with-accounts-type-small
accounts · AA
2020-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-16
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-03
change-person-secretary-company-with-change-date
officers · CH03
2019-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-16