HULL CITYCARE (FUNDCO 1) LIMITED

🌳Matureactive
05069104 · ltd · incorporated 2004-03-10
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
—
not disclosed
Net worth
—
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 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

9 live charges · 7 lenders · oldest 21.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.6 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
29 connected companies via shared directors
90
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (46 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-08-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-09-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2022-09-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2022-06-07
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2022-06-07
    📄
    memorandum-articles
    incorporation · MA
  7. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-05-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2022-05-13
    🔓
    Charge satisfied #9
  16. 2022-05-13
    🔓
    Charge satisfied #8
  17. 2022-05-13
    🔓
    Charge satisfied #7
  18. 2022-05-13
    🔓
    Charge satisfied #6
  19. 2022-05-13
    🔓
    Charge satisfied #5
  20. 2022-05-13
    🔓
    Charge satisfied #4
  21. 2022-05-13
    🔓
    Charge satisfied #3
  22. 2022-05-13
    🔓
    Charge satisfied #1
  23. 2022-05-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2022-04-29
    🔒
    Charge registered #10
    Lender: Aviva Public Private Finance Limited as Security Trustee
  25. 2021-08-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2020-10-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  27. 2019-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2011-03-09
    ➕
    LEEDHAM, David Adrian appointed
    director
  29. 2011-03-09
    ➕
    SEWELL, Paul Edwin appointed
    director
  30. 2008-12-16
    🔒
    Charge registered #9
    Lender: Co-Operative Bank PLC (Security Trustee)
  31. 2008-12-16
    🔒
    Charge registered #8
    Lender: Co-Operative Bank PLC (Security Trustee)
  32. 2008-03-17
    🔒
    Charge registered #7
    Lender: The Co-Operative Bank PLC as Security Trustee for the Finance Parties (The Security Trustee)
  33. 2006-12-20
    🔒
    Charge registered #6
    Lender: The Co-Operative Bank P.L.C.(As Security Trustee for the Finance Parties)
  34. 2006-07-05
    🔒
    Charge registered #5
    Lender: The Co-Operative Bank P.L.C. (Security Trustee)
  35. 2006-07-05
    🔒
    Charge registered #4
    Lender: The Co-Operative Bank P.L.C. (Security Trustee)
  36. 2005-12-12
    🔒
    Charge registered #3
    Lender: The Co-Operative Bank P.L.C. (The Security Trustee)
  37. 2004-09-20
    ➕
    HULL CITYCARE LIMITED appointed
    corporate-director
  38. 2004-09-20
    ➖
    SEWELL, Paul Edwin resigned
    director
  39. 2004-09-20
    🔒
    Charge registered #1
    Lender: The Co-Operative Bank PLC (As Security Trustee for the Finance Parties (the Security Trustee)
  40. 2004-03-29
    ➕
    LEEDHAM, David Adrian appointed
    secretary
  41. 2004-03-29
    ➖
    A G SECRETARIAL LIMITED resigned
    corporate-secretary
  42. 2004-03-29
    ➕
    SEWELL, Paul Edwin appointed
    director
  43. 2004-03-29
    ➖
    INHOCO FORMATIONS LIMITED resigned
    corporate-nominee-director
  44. 2004-03-10
    🏢
    Company incorporated
    As HULL CITYCARE (FUNDCO 1) LIMITED
  45. 2004-03-10
    ➕
    A G SECRETARIAL LIMITED appointed
    corporate-secretary
  46. 2004-03-10
    ➕
    INHOCO FORMATIONS LIMITED appointed
    corporate-nominee-director

Owner dependency

90/100
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
  • +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 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — 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 74 years old. Natural succession window is now.
  • 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.
  • 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
medium

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

Group structure

Hull Citycare (Intermediate1) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Hull Citycare (Intermediate1) Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
HULL CITYCARE (FUNDCO 1) LIMITED
This company · 05069104

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Hull Citycare (Intermediate1) Ltd
Corporate entity
75–100%
—75-100% shares10/03/2017

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

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
Incorporated2004-03-10
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Sewell Group Plc
Geneva Way
Leads Road
Hull
HU7 0DG

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (4 active · 3 resigned)

LEEDHAM, David Adrian→
secretary · appointed 2004-03-29
View their other companies + combined net worth →
Active
LEEDHAM, David Adrian→
director · ~59y · appointed 2011-03-09
View their other companies + combined net worth →
Active
SEWELL, Paul Edwin→
director · ~74y · appointed 2011-03-09
View their other companies + combined net worth →
Active
HULL CITYCARE LIMITED→
corporate-director · appointed 2004-09-20
View their other companies + combined net worth →
Active
A G SECRETARIAL LIMITED→
corporate-secretary · appointed 2004-03-10 · resigned 2004-03-29
Resigned
SEWELL, Paul Edwin→
director · ~74y · appointed 2004-03-29 · resigned 2004-09-20
Resigned
INHOCO FORMATIONS LIMITED→
corporate-nominee-director · appointed 2004-03-10 · resigned 2004-03-29
Resigned

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

Mortgages & charges

9
Total charges
1
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Aviva Public Private Finance as Security Trustee
Aviva Public Private Finance Limited as Security Trustee
A registered charge3 properties29/04/2022—
satisfied
Co-operative Bank
Co-Operative Bank PLC (Security Trustee)
Legal charge1 property16/12/200813/05/2022
satisfied
Co-operative Bank
Co-Operative Bank PLC (Security Trustee)
Legal charge1 property16/12/200813/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank PLC as Security Trustee for the Finance Parties (The Security Trustee)
Legal charge1 property17/03/200813/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank P.L.C.(As Security Trustee for the Finance Parties)
Legal charge1 property20/12/200613/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank P.L.C. (Security Trustee)
Legal charge1 property05/07/200613/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank P.L.C. (Security Trustee)
Legal charge1 property05/07/200613/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank P.L.C. (The Security Trustee)
Legal charge2 properties12/12/200513/05/2022
satisfied
Co-operative Bank
The Co-Operative Bank PLC (As Security Trustee for the Finance Parties (the Security Trustee)
Debenture1 property20/09/200413/05/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
accounts-with-accounts-type-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-full
accounts · AA
2024-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-full
accounts · AA
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
accounts-with-accounts-type-full
accounts · AA
2022-09-09
resolution
resolution · RESOLUTIONS
2022-06-07
memorandum-articles
incorporation · MA
2022-06-07
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-13