HENDERSON LETTINGS LTD
🏛️Establishedactive
SC651538 · ltd · incorporated 2020-01-14
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-475
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 73/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 0.5y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 0.5 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (79/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
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
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
50
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 declaredNegative net assets
Liabilities exceed assets by £475
Net assets shrinking
Down £575 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
Net Worth
-£475
↓ 575% YoY
Current Assets
£3k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £56.9k | £100 |
| Current assets | £2.9k | — |
| Cash | £2.9k | — |
| Net assets | £-475 | £100 |
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
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-22🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2025-01-07➕HENDERSON, Rosanna Michelle, Dr appointeddirector
- 2025-01-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-08-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-08-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-04-15📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-04-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-01-14🏢Company incorporatedAs HENDERSON LETTINGS LTD
- 2020-01-14➕HENDERSON, Kevin Douglas Matthew appointedsecretary
- 2020-01-14➕HENDERSON, Kevin Douglas Matthew appointeddirector
- 2020-01-14📄incorporation-companyincorporation · NEWINC
Owner dependency
81/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "HENDERSON" — strong identity link between founder and business.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin Douglas Matthew Henderson Individual · British · DOB 02/1988 · age 38 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/01/2020 |
Dr Rosanna Michelle Henderson Individual · British · DOB 07/1988 · age 38 | 25–50% | 25–50% | 25-50% shares · 25-50% voting · firm interest | 30/07/2021 |
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GLENAPPIN LIMITED→ SC063313 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| GLENCARSE LIMITED→ SC300878 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| GLENDEVON CONSTRUCTION LIMITED→ SC058643 · est 1975 · no financials extracted | — | — | — | — | 50y | — | — |
| GLENFARG REAL ESTATE LIMITED→ SC385859 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GLENGASK LIMITED→ SC055519 · est 1974 · no financials extracted | — | — | — | — | 51y | — | — |
| GRANT ESTATE AND LETTING LTD→ SC878472 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| HAB PROPERTIES LTD→ SC722666 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| HALLOS CHOICE UK LTD→ SC826222 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HEATHER MANAGEMENT LIMITED→ SC544248 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| HIGHLAND HOMES LTD→ SC569848 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| HIGHLAND PROPERTY SERVICES (SCOTLAND) LIMITED→ SC237438 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| HIGHLAND TRUCKSTOPS (PROPERTY) LIMITED→ SC852403 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2020-01-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Woodside Cottage Green Road
Woodside
Blairgowrie
PH13 9NW
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-17
Last: 2025-09-03
Officers (3 active · 0 resigned)
HENDERSON, Kevin Douglas Matthew→
Activesecretary · appointed 2020-01-14
View their other companies + combined net worth →
HENDERSON, Kevin Douglas Matthew→
Activedirector · ~38y · appointed 2020-01-14
View their other companies + combined net worth →
HENDERSON, Rosanna Michelle, Dr→
Activedirector · ~38y · appointed 2025-01-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 22/10/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (17 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-02
appoint-person-director-company-with-name-date
officers · AP01
2025-01-07
accounts-with-accounts-type-dormant
accounts · AA
2024-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-dormant
accounts · AA
2023-08-09
accounts-with-accounts-type-dormant
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-08-20
change-account-reference-date-company-current-extended
accounts · AA01
2021-04-15
accounts-with-accounts-type-dormant
accounts · AA
2021-04-15