KELICO LIMITED
🌳Matureactive
02223028 · ltd · incorporated 1988-02-19
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 37.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 74-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 74). 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
9 live charges · 2 lenders · oldest 37.5y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 37.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
9 charges (9/9 with lender, 9/9 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
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2 | 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 (31 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-07📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2022-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-09-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-05-13🔒Charge registered #9Lender: Lloyds Bank PLC
- 2016-05-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-04-27🔒Charge registered #8Lender: Lloyds Bank PLC
- 2016-04-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-04-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-04-25🔓Charge satisfied #7
- 2016-04-25🔓Charge satisfied #6
- 2016-04-25🔓Charge satisfied #5
- 2016-04-25🔓Charge satisfied #4
- 2016-04-25🔓Charge satisfied #3
- 2016-04-25🔓Charge satisfied #2
- 2002-11-15🔒Charge registered #7Lender: National Westminster Bank PLC
- 2000-04-04🔒Charge registered #6Lender: National Westminster Bank PLC
- 1989-06-15🔒Charge registered #5Lender: National Westminster Bank PLC
- 1989-06-15🔒Charge registered #4Lender: National Westminster Bank PLC
- 1989-06-15🔒Charge registered #3Lender: National Westminster Bank PLC
- 1988-12-06🔒Charge registered #2Lender: National Westminster Bank PLC
- 1988-12-06🔒Charge registered #1Lender: National Westminster Bank PLC
- 1988-02-19🏢Company incorporatedAs KELICO LIMITED
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 age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Eugene Michael Kelly Individual · British · DOB 10/1952 · age 74 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Heather Brenda Kelly Individual · British · DOB 07/1954 · age 72 | 25–50% | — | 25-50% shares | 06/04/2016 |
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
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| 3A LETS LTD→ 16846081 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| 545 STAPLETON ROAD MANAGEMENT COMPANY LIMITED→ 09091033 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 5S PROPERTIES LTD→ 16603883 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 60 DAY SELLER L&W LTD→ 15941713 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 7 ALL SAINTS ROAD MAINTENANCE LIMITED→ 01551497 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| 7 LANSDOWN ROAD MANAGEMENT COMPANY LIMITED→ 02138941 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| 7 SUSSEX PLACE MGMT COMPANY LTD→ 13181517 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 7 WEST MALL (MANAGEMENT) LIMITED→ 01479259 · est 1980 · no financials extracted | — | — | — | — | 46y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1988-02-19
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
25 Fenton Road
Bishopston
Bristol
BS7 8ND
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09
Officers (3 active · 0 resigned)
Active
Active
Active
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
3
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 13/05/2016 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 27/04/2016 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 15/11/2002 | 25/04/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 04/04/2000 | 25/04/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 15/06/1989 | 25/04/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 15/06/1989 | 25/04/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 15/06/1989 | 25/04/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 06/12/1988 | 25/04/2016 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/12/1988 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (106 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-26
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-28