BLEBO AND MCGOVERN JV LTD

🌿Early-stageactive
SC725014 · ltd · incorporated 2022-03-03
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
book net assets
Opportunity
72/100
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: property-backed borrower with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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 2.1y

50/100
clean up first

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

  • · Newest facility, 2.1 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Average employees00

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
2
filings
  • 1 confirmation-statement
  • 1 officers
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-02-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-03-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-04-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-04-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-03-28
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  8. 2024-03-28
    🔒
    Charge registered #1
    Lender: Aldermore Bank PLC
  9. 2024-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2023-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-03-03
    🏢
    Company incorporated
    As BLEBO AND MCGOVERN JV LTD
  12. 2022-03-03
    GIBBINS, Joseph Ross appointed
    director
  13. 2022-03-03
    MCGOVERN, Daniel appointed
    director
  14. 2022-03-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
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.
  • +Founder name in company name: Company name contains director surname "MCGOVERN" — strong identity link between founder and business.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Blebo Property Ventures Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Mcgovern Lettings Ltd
Corporate parent · holds 25-50% shares
significant stake
BLEBO AND MCGOVERN JV LTD
This company · SC725014

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
Blebo Property Ventures Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting03/03/2022
Mcgovern Lettings Ltd
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting03/03/2022

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

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
Incorporated2022-03-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Chestney House
149 Market Street
St Andrews
Fife
KY16 9PF
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (2 active · 0 resigned)

GIBBINS, Joseph Ross
director · ~31y · appointed 2022-03-03
View their other companies + combined net worth →
Active
MCGOVERN, Daniel
director · ~38y · appointed 2022-03-03
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property28/03/2024
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property28/03/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-02-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-03-06
accounts-with-accounts-type-dormant
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
incorporation-company
incorporation · NEWINC
2022-03-03