1M12 LTD
🏛️Establishedactive
SC670678 · ltd · incorporated 2020-08-13
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
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 67/100 (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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
26 live charges · 5 lenders · oldest 5.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)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
26 charges (26/26 with lender, 26/26 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 200 | 200 |
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 (58 events)Click to expand
- 2025-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-15🔒Charge registered #26Lender: Aldermore Bank PLC
- 2024-03-15🔒Charge registered #25Lender: Aldermore Bank PLC
- 2023-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-23🔒Charge registered #24Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #23Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #22Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #21Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #20Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #19Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #18Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #17Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #16Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #15Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #14Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #13Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #12Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #11Lender: Aldermore Bank PLC
- 2023-01-23🔒Charge registered #10Lender: Aldermore Bank PLC
- 2023-01-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-05🔓Charge satisfied #7
- 2023-01-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-04🔓Charge satisfied #9
- 2023-01-04🔓Charge satisfied #8
- 2022-05-09🔓Charge satisfied #4
- 2022-05-04🔓Charge satisfied #3
- 2022-05-04🔓Charge satisfied #1
- 2022-04-27🔒Charge registered #9Lender: Hope Capital 2 Limited
- 2022-04-27🔒Charge registered #8Lender: Hope Capital 2 Limited
- 2022-04-26🔒Charge registered #7Lender: Hope Capital 2 Limited
- 2021-11-04🔒Charge registered #6Lender: Shawbrook Bank Limited
- 2021-10-29🔒Charge registered #5Lender: Julie Devine
Showing most recent 50 of 58 events
Owner dependency
63/100
High — earn-out structure requiredMaterial 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 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
19 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jamie Burns Macpherson Individual · British · DOB 09/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 13/08/2020 |
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A.B.G. (CONTINENTAL( RESTAURANTS LIMITED→ SC047171 · est 1970 · no financials extracted | — | — | — | — | 56y | — | — |
| A&C RESIDENCE LIMITED→ SC793090 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A&D (FWT) PROPERTIES LTD→ SC644489 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AAUU LTD→ SC764706 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABBEY DEVELOPMENTS (CHAPELTON) LTD→ SC882925 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABBEY DEVELOPMENTS (STONEHOUSE) NO.2 LTD→ SC850383 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACCESS ROOMS GLASGOW LIMITED→ SC882121 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACCW PROPERTIES LTD→ SC864186 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACROSS THE WATER LTD→ SC872303 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACSC ASSETS LIMITED→ SC636139 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ACUMEN ASSET SOLUTIONS LIMITED→ SC756646 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ADAM & ASED PROPERTIES LTD→ SC734442 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2020-08-13
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
3 St. Anns Drive
Giffnock
Glasgow
G46 6JS
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12
Officers (2 active · 0 resigned)
MACPHERSON, Jamie Burns→
Activedirector · ~57y · appointed 2020-08-13
View their other companies + combined net worth →
SMART, Michael→
Activedirector · ~57y · appointed 2020-08-13
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
26
Total charges
19
Outstanding
3
Active lenders
Status:Lender:26 of 26 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 15/03/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 15/03/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 4 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 4 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 4 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 3 properties | 23/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 23/01/2023 | — | |
| satisfied | Hope Capital 2 Hope Capital 2 Limited | A registered charge | 6 properties | 27/04/2022 | 04/01/2023 | |
| satisfied | Hope Capital 2 Hope Capital 2 Limited | A registered charge | 6 properties | 27/04/2022 | 04/01/2023 | |
| satisfied | Hope Capital 2 Hope Capital 2 Limited | A registered charge | — | 26/04/2022 | 05/01/2023 | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 04/11/2021 | — | |
| outstanding | Julie Devine / Bernard Devine | A registered charge | 1 property | 29/10/2021 | — | |
| satisfied | Lendwell Funding 1 Lendwell Funding 1 Limited | A registered charge | 1 property | 26/02/2021 | 09/05/2022 | |
| satisfied | Lendwell Funding 1 Lendwell Funding 1 Limited | A registered charge | — | 02/02/2021 | 04/05/2022 | |
| satisfied | Lendwell Funding 1 Lendwell Funding 1 Limited | A registered charge | 1 property | 02/02/2021 | 02/03/2021 | |
| satisfied | Lendwell Funding 1 Lendwell Funding 1 Limited | A registered charge | — | 28/01/2021 | 04/05/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (43 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-13