39 HANOVER LIMITED
🏛️Establishedactive
SC552449 · ltd · incorporated 2016-12-13
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 77/100. 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
4 live charges · 3 lenders · oldest 9.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 9.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
40 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
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 dissolution
Last 90 days
3
filings
- • 1 dissolution
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
3
filings
- • 1 dissolution
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2026-04-21📄dissolution-application-strike-off-companydissolution · DS01
- 2026-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-30🔓Charge satisfied #4
- 2024-10-30🔓Charge satisfied #3
- 2024-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-16🔒Charge registered #4Lender: Handelsbanken PLC
- 2022-09-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-14🔓Charge satisfied #1
- 2022-09-14🔓Charge satisfied #2
- 2022-09-12🔒Charge registered #3Lender: Handlesbanken PLC
- 2022-07-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-08🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2017-02-06🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2016-12-20➕LANDSBURGH, Andrew David appointeddirector
- 2016-12-20➕THOMSON, Angus Edward William appointeddirector
- 2016-12-20➖HBJG SECRETARIAL LIMITED resignedcorporate-secretary
- 2016-12-20➖WALKER, Andrew Graham Alexander resigneddirector
- 2016-12-20➖HBJG LIMITED resignedcorporate-director
- 2016-12-13🏢Company incorporatedAs 39 HANOVER LIMITED
- 2016-12-13➕HBJG SECRETARIAL LIMITED appointedcorporate-secretary
- 2016-12-13➕WALKER, Andrew Graham Alexander appointeddirector
- 2016-12-13➕HBJG LIMITED appointedcorporate-director
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Angus Edward William Thomson Individual · British · DOB 06/1982 · age 44 | — | — | sig. influencesignificant influence | 13/12/2016 |
1 historic (ceased) PSC
- Hbjg Limitedceased 13/12/2016· 75-100% shares · 75-100% 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 →Similar companies
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1LET LIMITED→ SC317107 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 1ST CONNECT HOMES LTD→ SC842552 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST FOCUS LETTING LIMITED→ SC667911 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1ZE ESTATE LTD→ SC788004 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 20 CABOT SQUARE I UNIT TRUST GP LIMITED→ SC312228 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 20 CABOT SQUARE II UNIT TRUST LP LIMITED→ SC312229 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 34 MELVILLE STREET LIMITED→ SC714514 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 6M PROPERTIES LIMITED→ SC842080 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| A2Z (EDINBURGH) LTD→ SC740640 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| A701 LETTINGS LTD→ SC844164 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AB HABITAT LTD→ SC852257 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABA ASSETS LIMITED→ SC529951 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2016-12-13
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
28 Stafford Street
Edinburgh
EH3 7BD
Scotland
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10
Officers (2 active · 3 resigned)
LANDSBURGH, Andrew David→
Activedirector · ~44y · appointed 2016-12-20
View their other companies + combined net worth →
THOMSON, Angus Edward William→
Activedirector · ~44y · appointed 2016-12-20
View their other companies + combined net worth →
HBJG SECRETARIAL LIMITED→
Resignedcorporate-secretary · appointed 2016-12-13 · resigned 2016-12-20
WALKER, Andrew Graham Alexander→
Resigneddirector · ~58y · appointed 2016-12-13 · resigned 2016-12-20
HBJG LIMITED→
Resignedcorporate-director · appointed 2016-12-13 · resigned 2016-12-20
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 16/09/2022 | 30/10/2024 | |
| satisfied | Handlesbanken Handlesbanken PLC | A registered charge | — | 12/09/2022 | 30/10/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 08/02/2017 | 14/09/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 06/02/2017 | 14/09/2022 |
Recent filings (40 total)
dissolution-application-strike-off-company
dissolution · DS01
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-14
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-14
mortgage-satisfy-charge-full
mortgage · MR04
2022-09-14