P2M LETTINGS LTD

🌳Matureactive
03183218 · ltd · incorporated 1996-04-04
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
ALSO REGISTERED FOR
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (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: strategic trade sale (63/100).

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (3 active, 10 linked, 5 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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 · FRS 102
Metric2025-03-312024-03-31
Average employees2200

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

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-01
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  7. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-06-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-06-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-06-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2020-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2009-04-06
    BHUDIA, Dina appointed
    secretary
  18. 2009-04-06
    BHUDIA, Dina appointed
    director
  19. 2009-04-06
    HALAI, Arvind Lalji resigned
    secretary
  20. 2009-04-06
    HALAI, Arvind Lalji resigned
    director
  21. 2007-11-26
    VEKARIA, Jayanti Kalyan Ramji resigned
    director
  22. 2004-05-01
    BHUDIA, Govind appointed
    director
  23. 2004-05-01
    HALAI, Arvind Lalji appointed
    secretary
  24. 2004-05-01
    VEKARIA, Anita Jayanti resigned
    secretary
  25. 2004-05-01
    HALAI, Arvind Lalji appointed
    director
  26. 2004-05-01
    VEKARIA, Anita Jayanti resigned
    director
  27. 1996-04-04
    🏢
    Company incorporated
    As P2M LETTINGS LTD
  28. 1996-04-04
    VEKARIA, Anita Jayanti appointed
    secretary
  29. 1996-04-04
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  30. 1996-04-04
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  31. 1996-04-04
    VEKARIA, Anita Jayanti appointed
    director
  32. 1996-04-04
    VEKARIA, Jayanti Kalyan Ramji appointed
    director
  33. 1996-04-04
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  34. 1996-04-04
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Dina Bhudia
Individual · British · DOB 10/1974 · age 52
2550%
25–50%25-50% shares · 25-50% voting01/06/2016
Mr Govind Bhudia
Individual · British · DOB 10/1972 · age 54
2550%
25–50%25-50% shares · 25-50% voting01/06/2016

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 →

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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
Incorporated1996-04-04
Jurisdictionengland-wales
Primary SIC68310 — Real estate agencies

Registered office

32 Langley Road
Watford
WD17 4PN
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (3 active · 7 resigned)

BHUDIA, Dina
secretary · appointed 2009-04-06
View their other companies + combined net worth →
Active
BHUDIA, Dina
director · ~52y · appointed 2009-04-06
View their other companies + combined net worth →
Active
BHUDIA, Govind
director · ~54y · appointed 2004-05-01
View their other companies + combined net worth →
Active
HALAI, Arvind Lalji
secretary · appointed 2004-05-01 · resigned 2009-04-06
Resigned
VEKARIA, Anita Jayanti
secretary · appointed 1996-04-04 · resigned 2004-05-01
Resigned
TEMPLE SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1996-04-04 · resigned 1996-04-04
Resigned
HALAI, Arvind Lalji
director · ~58y · appointed 2004-05-01 · resigned 2009-04-06
Resigned
VEKARIA, Anita Jayanti
director · ~55y · appointed 1996-04-04 · resigned 2004-05-01
Resigned
VEKARIA, Jayanti Kalyan Ramji
director · ~58y · appointed 1996-04-04 · resigned 2007-11-26
Resigned
COMPANY DIRECTORS LIMITED
corporate-nominee-director · appointed 1996-04-04 · resigned 1996-04-04
Resigned

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

Recent filings (90 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-04
change-account-reference-date-company-current-extended
accounts · AA01
2021-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
change-person-director-company-with-change-date
officers · CH01
2021-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-06-23
change-person-director-company-with-change-date
officers · CH01
2021-06-23