21 SPENCER ROAD RESIDENTS COMPANY LIMITED

🌳Matureactive

01159273 · ltd · incorporated 1974-02-05

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 52.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£5.3k

book net assets

Opportunity

79/100

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

Property-backed borrower with a 81-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 52.1y

65/100

clean up first

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

· Oldest live charge is 52.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

24 officers (5 active, 24 linked, 20 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

5 connected companies via shared directors

Filing history

135 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £5,291

Net assets shrinking

Down £1,205 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£5k

↓ 19% YoY

Current Assets

£3k

↓ 35% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Total assets	£5.3k	£6.5k
Current assets	£2.8k	£4.3k
Net assets	£5.3k	£6.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filings

• 2 officers
• 1 confirmation-statement

Last 180 days

filings

• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (58 events)Click to expand

2026-03-30
➖
RYMAN, Kathleen resigned
director
2026-03-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-25
➖
MILLINGTON, Stuart Philip resigned
director
2026-03-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-24
➖
BIZIUK, Adam resigned
director
2024-05-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
➕
BIZIUK, Adam appointed
director
2023-06-15
➖
KING, Sara Louise resigned
director
2023-06-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-05-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-30
➖
ASH, Edwina Delanney resigned
director
2016-05-18
➕
KING, Sara Louise appointed
director
2016-03-30
➖
MARSHALL, Sara Louise resigned
director
2014-12-31
➖
BURGESS, Keith John resigned
director
2010-03-15
➕
PAYNE, Danny George appointed
director
2010-03-15
➖
BAXTER, Paul Richard John resigned
director
2005-05-17
➕
MILLINGTON, Stuart Philip appointed
director
2005-03-17
➕
RYMAN, Kathleen appointed
secretary
2005-03-17
➖
ANDERTON, Richard John Bowman resigned
secretary
2004-09-13
➕
RYMAN, Nadia appointed
director
2004-09-13
➖
RIGBY, Robert John resigned
director
2003-11-10
➖
MILLINGTON, Stuart Philip resigned
director
2002-06-01
➕
RYMAN, Kathleen appointed
director
2002-05-22
➖
LAWSON, Janet Irene resigned
director
2000-12-18
➖
LUCAS, Michael Christopher resigned
director
2000-03-08
➕
GIBSON, Philip Hamilton appointed
director
2000-02-29
➕
RIGBY, Robert John appointed
director
2000-02-18
➕
MARSHALL, Sara Louise appointed
director
2000-01-28
➖
COOPER, Roy Douglas resigned
director
1998-08-07
➖
FARQUHAR, Martin Stuart resigned
director
1996-06-06
➖
LAWSON, Janet Irene resigned
secretary
1995-08-17
➕
ANDERTON, Richard John Bowman appointed
secretary
1994-03-29
➖
HOOPER, Mark A resigned
director
1993-09-30
➕
FARQUHAR, Martin Stuart appointed
director
1993-09-30
➖
SCOTT, Richard Noel resigned
director
1992-10-30
➕
LAWSON, Janet Irene appointed
secretary
1992-10-30
➖
DREW, Christopher Paul resigned
director
1992-04-30
➕
OLD WHITGIFTIANS TRUSTEES LIMITED appointed
corporate-director
1992-04-30
➕
DREW, Christopher Paul appointed
director
1992-04-30
➕
HOOPER, Mark A appointed
director

Showing most recent 50 of 58 events

Owner dependency

80/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MILLINGTON, Stuart Philip resigned 2026-03-25; RYMAN, Kathleen resigned 2026-03-30

🔒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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367 LOWER ADDISCOMBE ROAD LIMITED→ 14554558 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
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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

Incorporated1974-02-05

Jurisdictionengland-wales

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

36 Croham Valley Road

South Croydon

Surrey

CR2 7NB

England

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-05-14

Last: 2026-04-30