3 CUBE REAL ESTATE LIMITED

💤Zombieactive

05008739 · ltd · incorporated 2004-01-07

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2025

Net worth

—

book net assets

Opportunity

48/100

Watch

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

Investor take

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 22/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

19 live charges · 9 lenders · oldest 21.9y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 21.9 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (71/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

19 charges (19/19 with lender, 19/19 with type)

Directors & officers

5 officers (2 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

48/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31
Average employees	19977000

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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (56 events)Click to expand

2026-03-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-18
⚠️
liquidation-receiver-cease-to-act-receiver
insolvency · RM02
2019-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-06-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-04-26
➖
AKHTAR, Parvez resigned
director
2017-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-10-04
🔓
Charge satisfied #17
2013-10-04
🔓
Charge satisfied #16
2013-10-04
🔓
Charge satisfied #10
2013-10-04
🔓
Charge satisfied #9
2013-10-04
🔓
Charge satisfied #8
2013-10-04
🔓
Charge satisfied #7
2013-10-04
🔓
Charge satisfied #6
2013-10-04
🔓
Charge satisfied #5
2013-10-04
🔓
Charge satisfied #4
2013-10-04
🔓
Charge satisfied #2
2013-10-04
🔓
Charge satisfied #1
2009-09-12
🔓
Charge satisfied #19
2008-06-05
🔒
Charge registered #19
Lender: Barclays Bank PLC
2008-04-23
🔒
Charge registered #18
Lender: Capital Home Loans Limited
2007-10-18
🔓
Charge satisfied #12
2007-06-08
🔒
Charge registered #17
Lender: Clydesdale Bank PLC
2007-03-30
🔒
Charge registered #16
Lender: Clydesdale Bank PLC
2007-03-23
🔒
Charge registered #20
Lender: Capital Home Loans Limited(T/a Chl Mortgages)
2007-02-14
🔒
Charge registered #15
Lender: Hsbc Bank PLC
2007-02-14
🔒
Charge registered #14
Lender: Hsbc Bank PLC
2007-02-14
🔒
Charge registered #13
Lender: Hsbc Bank PLC
2007-02-02
🔒
Charge registered #12
Lender: Clydesdale Bank PLC T/a Yorkshire Bank
2006-09-17
🔒
Charge registered #11
Lender: Hsbc Bank PLC
2006-07-27
🔒
Charge registered #10
Lender: Hsbc Bank PLC
2006-06-30
🔒
Charge registered #9
Lender: Clydesdale Bank Public Limited Company
2006-06-30
🔒
Charge registered #8
Lender: Clydesdale Bank Public Limited Company
2006-06-30
🔒
Charge registered #7
Lender: Clydesdale Bank Public Limited Company
2006-06-23
🔒
Charge registered #6
Lender: Clydesdale Bank Public Limited Company
2005-03-01
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2004-09-17
🔒
Charge registered #4
Lender: Yorkshire Bank PLC
2004-07-09
🔒
Charge registered #2
Lender: Yorkshire Bank
2004-07-07
🔒
Charge registered #1
Lender: Yorkshire Bank
2004-01-22
➕
KAHN, Afzal appointed
secretary
2004-01-22
➕
KAHN, Afzal appointed
director

Showing most recent 50 of 56 events

Owner dependency

85/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 2 med · 1 low

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-10

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2020-03-18: liquidation-receiver-cease-to-act-receiver

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Afzal Kahn Individual · British · DOB 02/1969 · age 57	25–50%	—	sig. influence25-50% shares · significant influence · trust interest · firm interest	06/04/2016

1 historic (ceased) PSC

Mr Parvez Akhtarceased 26/04/2018· 25-50% shares · significant influence · trust interest · firm interest

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

Active · Property · BD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
12 LEINSTER GARDENS LTD→ 10772722 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
12 WYKEBECK LIMITED→ 14257762 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
12I PROPERTY LTD→ 15373694 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
14 MAYO HOLDINGS LTD→ 14104198 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
16BRICKS LTD→ 17117130 · est 2026 · no financials extracted	—	—	—	—	—	—	—
182 KILBURN HIGH ROAD LTD→ 14322777 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
1958 INVESTMENTS LTD→ 14665621 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
199 CHAPTER ROAD LIMITED→ 12799955 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
226 GAIN LANE LTD→ 15704879 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
264 ALWOODLEY LANE LTD→ 10068920 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
321 PROPERTIES LIMITED→ 12047978 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
33 CRICKLADE LIMITED→ 13297354 · est 2021 · no financials extracted	—	—	—	—	5y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

11 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

Incorporated2004-01-07

Jurisdictionengland-wales

Primary SIC68100 — Buying and selling of own real estate

Registered office

240 Canal Road

Bradford

West Yorkshire

BD1 4SX

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-05-10OVERDUE

Last: 2025-04-26

Officers (2 active · 3 resigned)

KAHN, Afzal→

secretary · appointed 2004-01-22

View their other companies + combined net worth →

Active

KAHN, Afzal→

director · ~57y · appointed 2004-01-22

View their other companies + combined net worth →

Active

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2004-01-07 · resigned 2004-01-12

Resigned

AKHTAR, Parvez→

director · ~60y · appointed 2004-01-22 · resigned 2018-04-26

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2004-01-07 · resigned 2004-01-12

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:19 of 19 shown

		Type	Properties
satisfied	Barclays Barclays Bank PLC	Debenture	1 property	05/06/2008	12/09/2009
outstanding	Capital Home Loans Capital Home Loans Limited	Deed of charge	1 property	23/04/2008	—
satisfied	Virgin Money Clydesdale Bank PLC	Legal mortgage	1 property	08/06/2007	04/10/2013
satisfied	Virgin Money Clydesdale Bank PLC	Legal mortgage	2 properties	30/03/2007	04/10/2013
outstanding	Capital Home Loans (T/a Chl Mortgages) Capital Home Loans Limited(T/a Chl Mortgages)	Mortgage	1 property	23/03/2007	—
outstanding	HSBC Hsbc Bank PLC	Legal mortgage	1 property	14/02/2007	—
outstanding	HSBC Hsbc Bank PLC	Legal mortgage	1 property	14/02/2007	—
outstanding	HSBC Hsbc Bank PLC	Legal mortgage	1 property	14/02/2007	—
satisfied	Virgin Money Clydesdale Bank PLC T/a Yorkshire Bank	Legal mortgage	1 property	02/02/2007	18/10/2007
outstanding	HSBC Hsbc Bank PLC	Debenture	1 property	17/09/2006	—
satisfied	HSBC Hsbc Bank PLC	Legal mortgage	1 property	27/07/2006	04/10/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Legal mortgage	1 property	30/06/2006	04/10/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Legal mortgage	1 property	30/06/2006	04/10/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Legal mortgage	1 property	30/06/2006	04/10/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Legal mortgage	1 property	23/06/2006	04/10/2013
satisfied	Virgin Money Clydesdale Bank PLC	Legal mortgage	1 property	01/03/2005	04/10/2013
satisfied	Virgin Money Yorkshire Bank PLC	Legal mortgage	1 property	17/09/2004	04/10/2013
satisfied	Virgin Money Yorkshire Bank	Legal mortgage (own account)	1 property	09/07/2004	04/10/2013
satisfied	Virgin Money Yorkshire Bank	Debenture	1 property	07/07/2004	04/10/2013

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

change-person-director-company-with-change-date

officers · CH01

2026-03-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-10-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-28

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-10-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-10-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-05-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-10-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-04

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2020-11-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-04-30

liquidation-receiver-cease-to-act-receiver

insolvency · RM02

2020-03-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2019-10-30