G15 PROPERTIES LIMITED

🏛️Establishedactive
SC642142 · ltd · incorporated 2019-09-20
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£5.1k
book net assets
Opportunity
73/100
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: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. 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 (58/100).

🏦

Refinance opportunity

2 live charges · oldest 6.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 6.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
31 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £5,119
Net assets shrinking
Down £5,293 YoY
Cash YoY
+121%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£675
↑ 121% YoY
Net Worth
£5k
↓ 51% YoY
Current Assets
£675
Current Liabilities
—
£0£2k£4k£6k£8k£10kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£136.1k£10.6k
Current assets£675—
Cash£675£306
Net assets£5.1k£10.4k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-03-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-03-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-03-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-02-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-02-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2025-02-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-02-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2025-02-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-02-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-02-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2025-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2025-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-10-14
    ➕
    DRAIN, Fraser Morton appointed
    director
  17. 2024-10-14
    ➕
    DRAIN, Stuart Craig appointed
    director
  18. 2024-10-14
    ➕
    DRAIN, Fraser Morton appointed
    director
  19. 2024-10-14
    ➖
    DRAIN, Fraser Morton resigned
    director
  20. 2024-10-14
    ➖
    DRAIN, Kathryn Isobel resigned
    director
  21. 2024-10-14
    ➖
    DRAIN, Samuel resigned
    director
  22. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2020-11-04
    🔓
    Charge satisfied #2
  27. 2020-11-04
    🔓
    Charge satisfied #1
  28. 2020-02-28
    🔒
    Charge registered #2
    Lender: Lendinvest Security Trustees Limited
  29. 2020-02-21
    🔒
    Charge registered #1
    Lender: Lendinvest Security Trustees Limited
  30. 2019-09-20
    🏢
    Company incorporated
    As G15 PROPERTIES LIMITED
  31. 2019-09-20
    ➕
    DRAIN, Kathryn Isobel appointed
    director
  32. 2019-09-20
    ➕
    DRAIN, Samuel appointed
    director

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stuart Craig Drain
Individual · British · DOB 08/1987 · age 39
25–50%
—25-50% shares · trust interest · firm interest14/10/2024
Mr Fraser Morton Drain
Individual · British · DOB 07/1989 · age 37
25–50%
25–50%25-50% shares · 25-50% voting · trust interest · firm interest14/10/2024
3 historic (ceased) PSCs
  • Mr Fraser Morton Drainceased 14/10/2024· 25-50% shares · 25-50% voting · firm interest
  • Mr Samuel Drainceased 14/10/2024· 25-50% shares · 25-50% voting
  • Mrs Kathryn Isobel Drainceased 14/10/2024· 25-50% shares · 25-50% 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 →

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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
Incorporated2019-09-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Northgate Accounting Services Ltd
32 Houstoun Court
Johnstone
Renfrewshire
PA5 8DL
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18

Officers (2 active · 3 resigned)

DRAIN, Fraser Morton→
director · ~37y · appointed 2024-10-14
View their other companies + combined net worth →
Active
DRAIN, Stuart Craig→
director · ~39y · appointed 2024-10-14
View their other companies + combined net worth →
Active
DRAIN, Fraser Morton→
director · ~34y · appointed 2024-10-14 · resigned 2024-10-14
Resigned
DRAIN, Kathryn Isobel→
director · ~72y · appointed 2019-09-20 · resigned 2024-10-14
Resigned
DRAIN, Samuel→
director · ~72y · appointed 2019-09-20 · resigned 2024-10-14
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property28/02/202004/11/2020
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge—21/02/202004/11/2020

Recent filings (31 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-11
appoint-person-director-company-with-name-date
officers · AP01
2025-03-11
termination-director-company-with-name-termination-date
officers · TM01
2025-03-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-18
termination-director-company-with-name-termination-date
officers · TM01
2025-02-18
termination-director-company-with-name-termination-date
officers · TM01
2025-02-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-18