ABODE LETTINGS LIMITED
🌳Matureactive
03040868 · ltd · incorporated 1995-04-03
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 Mar 2025
Net worth
£733.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 64-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (80/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
11 live charges · 4 lenders · oldest 30.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 30.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 2 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £733,034
Net assets shrinking
Down £52,154 YoY
Cash draining
Cash down 74% YoY
Cash YoY
-74%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£17k
↓ 74% YoY
Net Worth
£733k
↓ 6.6% YoY
Current Assets
£29k
↓ 64% YoY
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 | £980.9k | £964.5k |
| Current assets | £29.1k | £80.2k |
| Cash | £16.9k | £64.1k |
| Debtors | £2.0k | £5.6k |
| Net assets | £733.0k | £785.2k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-08-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-22🔓Charge satisfied #8
- 2025-05-22🔓Charge satisfied #11
- 2025-05-22🔓Charge satisfied #10
- 2025-05-22🔓Charge satisfied #9
- 2025-05-22🔓Charge satisfied #6
- 2025-05-22🔓Charge satisfied #5
- 2025-05-22🔓Charge satisfied #4
- 2025-05-22🔓Charge satisfied #3
- 2025-05-22🔓Charge satisfied #2
- 2025-05-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-05-08➖TAYLOR, Claire Anne resignedsecretary
- 2024-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-15📄capital-name-of-class-of-sharescapital · SH08
- 2020-05-15📄capital-name-of-class-of-sharescapital · SH08
- 2014-06-18➕TAYLOR, Claire Anne appointedsecretary
- 2014-06-17➖BAILEY, Paula resignedsecretary
- 2013-05-13➕BAILEY, Paula appointedsecretary
- 2013-05-01➖TYSON, Karen Ann resignedsecretary
- 2006-07-07🔒Charge registered #8Lender: Barclays Bank PLC
- 2006-07-06🔒Charge registered #11Lender: Barclays Bank PLC
- 2006-07-06🔒Charge registered #10Lender: Barclays Bank PLC
- 2006-07-06🔒Charge registered #9Lender: Barclays Bank PLC
- 2006-07-04🔒Charge registered #7Lender: Barclays Bank PLC
- 2006-05-09🔒Charge registered #6Lender: Barclays Bank PLC
- 2002-11-29➕TYSON, Karen Ann appointedsecretary
- 2002-11-29➖TYSON, Neil resignedsecretary
- 2002-10-28🔒Charge registered #5Lender: Paragon Mortgages Limited
- 2002-10-05🔓Charge satisfied #1
- 2002-08-23🔒Charge registered #4Lender: Paragon Mortgages Limited
- 2002-08-23🔒Charge registered #3Lender: Paragon Mortgages Limited
- 2001-08-17🔒Charge registered #2Lender: Britannic Money PLC
- 1995-08-31🔒Charge registered #1Lender: Northern Rock Building Society
- 1995-04-03🏢Company incorporatedAs ABODE LETTINGS LIMITED
- 1995-04-03➕PATERSON, David Mark appointeddirector
- 1995-04-03➕TYSON, Neil appointeddirector
- 1995-04-03➕TYSON, Neil appointedsecretary
Showing most recent 50 of 54 events
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 31 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 ·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 Neil Tyson Individual · British · DOB 03/1962 · age 64 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr David Mark Patterson Individual · British · DOB 05/1969 · age 57 | 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.
Similar companies
Active · Construction · ME postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A CLASS ROOFING SERVICES LTD→ 16450961 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A CLASS WINDOWS LTD→ 06126567 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| A. CAMPBELL CONSTRUCTION LIMITED→ 01944260 · est 1985 · no financials extracted | — | — | — | — | 40y | — | — |
| A&C DELIGHTFUL HOMES LTD→ 12721332 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AB TEAMWORK CONSTRUCTION LIMITED→ 10224310 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABE INSTALLS LTD→ 15927956 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABLE CABLE ELECTRICIANS LTD→ 10340104 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABLUTION SOLUTIONS LIMITED→ 09903322 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| ABODE 24 LTD→ 13886107 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ABODE HEATING SERVICES LTD→ 13469816 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABR DAWSON PROPERTIES LTD→ 11803174 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ABS SCAFFOLDING LTD→ 16378114 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1995-04-03
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
89 King Street
Maidstone
Kent
ME14 1BG
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-17
Last: 2026-04-03
Officers (2 active · 6 resigned)
PATERSON, David Mark→
Activedirector · ~57y · appointed 1995-04-03
View their other companies + combined net worth →
Active
BAILEY, Paula→
Resignedsecretary · appointed 2013-05-13 · resigned 2014-06-17
TAYLOR, Claire Anne→
Resignedsecretary · appointed 2014-06-18 · resigned 2025-05-08
TYSON, Karen Ann→
Resignedsecretary · appointed 2002-11-29 · resigned 2013-05-01
TYSON, Neil→
Resignedsecretary · appointed 1995-04-03 · resigned 2002-11-29
C & M SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1995-04-03 · resigned 1995-04-03
C & M REGISTRARS LIMITED→
Resignedcorporate-nominee-director · appointed 1995-04-03 · resigned 1995-04-03
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
1
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Legal mortgage | 1 property | 07/07/2006 | 22/05/2025 | |
| satisfied | Barclays Barclays Bank PLC | Legal mortgage | 1 property | 06/07/2006 | 22/05/2025 | |
| satisfied | Barclays Barclays Bank PLC | Legal mortgage | 1 property | 06/07/2006 | 22/05/2025 | |
| satisfied | Barclays Barclays Bank PLC | Legal mortgage | 1 property | 06/07/2006 | 22/05/2025 | |
| outstanding | Barclays Barclays Bank PLC | Mortgage | 1 property | 04/07/2006 | — | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 09/05/2006 | 22/05/2025 | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 28/10/2002 | 22/05/2025 | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 23/08/2002 | 22/05/2025 | |
| satisfied | Paragon Paragon Mortgages Limited | Legal charge | 1 property | 23/08/2002 | 22/05/2025 | |
| satisfied | Britannic Money Britannic Money PLC | Legal mortgage | 1 property | 17/08/2001 | 22/05/2025 | |
| satisfied | Northern Rock Building Society | Mortgage debenture | 2 properties | 31/08/1995 | 05/10/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (115 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-14
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-03