MERCHANT CITY PROPERTY LIMITED

🏛️Establishedactive
SC600551 · ltd · incorporated 2018-06-20
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · oldest 1.4y

50/100
clean up first

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

  • · Newest facility, 1.4 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
24 connected companies via shared directors
90
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31

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
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-07-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-01-21
    🔒
    Charge registered #4
    Lender: Caledonian Heritable Limited
  5. 2025-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-01-07
    🔒
    Charge registered #3
    Lender: Caledonian Heritable Limited
  8. 2025-01-07
    🔒
    Charge registered #2
    Lender: Caledonian Heritable Limited
  9. 2024-12-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-12-06
    🔒
    Charge registered #1
    Lender: Caledonian Heritable Limited
  11. 2024-04-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2023-07-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2022-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2021-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2020-06-19
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  18. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-02-25
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  20. 2018-06-20
    🏢
    Company incorporated
    As MERCHANT CITY PROPERTY LIMITED
  21. 2018-06-20
    ➕
    ARNOTT, Robert Graeme appointed
    director
  22. 2018-06-20
    ➕
    MULLEN, Robert Stephen appointed
    director
  23. 2018-06-20
    ➕
    RUSSELL, Gordon Iain appointed
    director
  24. 2018-06-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.

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

Caledonian Heritable Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Caledonian Heritable Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
MERCHANT CITY PROPERTY LIMITED
This company · SC600551

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Robert Stephen Mullen
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting20/06/2018
Caledonian Heritable Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting20/06/2018

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

9 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
Incorporated2018-06-20
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

46 Charlotte Square
Edinburgh
EH2 4HQ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (3 active · 0 resigned)

ARNOTT, Robert Graeme→
director · ~69y · appointed 2018-06-20
View their other companies + combined net worth →
Active
MULLEN, Robert Stephen→
director · ~59y · appointed 2018-06-20
View their other companies + combined net worth →
Active
RUSSELL, Gordon Iain→
director · ~55y · appointed 2018-06-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge1 property21/01/2025—
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge2 properties07/01/2025—
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge1 property07/01/2025—
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge—06/12/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-21