CHELLANDI LTD

🏛️Establishedactive
SC539766 · ltd · incorporated 2016-07-07
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.
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 Mar 2025
Net worth
—
book net assets
Opportunity
70/100
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 acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

11 live charges · 3 lenders · oldest 9.8y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 9.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-07-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-07-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2023-07-07
    🔒
    Charge registered #11
    Lender: Paratus Amc Limited
  11. 2023-07-07
    🔒
    Charge registered #10
    Lender: Paratus Amc Limited
  12. 2022-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-08-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-08-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2022-08-06
    🔒
    Charge registered #9
    Lender: Paratus Amc Limited
  16. 2022-08-06
    🔒
    Charge registered #8
    Lender: Paratus Amc Limited
  17. 2022-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2022-07-01
    🔓
    Charge satisfied #1
  19. 2021-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-09-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2019-09-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2019-09-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2019-09-02
    🔒
    Charge registered #7
    Lender: The Mortgage Works (UK) PLC
  26. 2019-09-02
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  27. 2019-09-02
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  28. 2019-09-02
    🔒
    Charge registered #4
    Lender: The Mortgage Works (UK) PLC
  29. 2019-07-30
    ➕
    PONNUSAMY, Sangeetha, Dr appointed
    director
  30. 2018-11-09
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  31. 2016-08-17
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  32. 2016-08-05
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  33. 2016-07-07
    🏢
    Company incorporated
    As CHELLANDI LTD
  34. 2016-07-07
    ➕
    SUBBARAYAN, Aravinthan, Dr appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
10 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dr Aravinthan Subbarayan
Individual · British · DOB 01/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting07/07/2016
Dr Sangeetha Ponnusamy
Individual · British · DOB 12/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting07/07/2016

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
Incorporated2016-07-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Stannergate House 41 Dundee Road West
Broughty Ferry
Dundee
Scotland
DD5 1NB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-20
Last: 2025-07-06

Officers (2 active · 0 resigned)

PONNUSAMY, Sangeetha, Dr→
director · ~48y · appointed 2019-07-30
View their other companies + combined net worth →
Active
SUBBARAYAN, Aravinthan, Dr→
director · ~48y · appointed 2016-07-07
View their other companies + combined net worth →
Active

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

Mortgages & charges

11
Total charges
10
Outstanding
3
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property07/07/2023—
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property07/07/2023—
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property06/08/2022—
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property06/08/2022—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property02/09/2019—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property02/09/2019—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property02/09/2019—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property02/09/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property09/11/2018—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property17/08/2016—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—05/08/201601/07/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-25
change-person-director-company-with-change-date
officers · CH01
2025-07-25
change-person-director-company-with-change-date
officers · CH01
2025-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-12