ELEGANT HOMES (READING) LIMITED

⚰️Wound downdissolved
05489856 · ltd · incorporated 2005-06-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2018
Net worth
—
book net assets
Opportunity
60/100
Worth a look
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 60/100 (worth a look), bankability 52/100. Strong seller-intent signal (78/100, director aged 68). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

10 live charges · 3 lenders · oldest 20.5y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 20.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (73/100)

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
50
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
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
Metric2018-05-31

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 (50 events)Click to expand
  1. 2020-11-13
    📄
    bona-vacantia-company
    restoration · BONA
  2. 2020-03-17
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  3. 2020-03-17
    🏁
    Company dissolved
  4. 2019-12-31
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2019-12-20
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2019-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-03-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2018-06-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2018-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-03-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2017-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  12. 2017-04-20
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2017-04-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2017-04-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-03-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-03-10
    ➕
    BRADBURY, Linda Marilyn appointed
    secretary
  17. 2017-03-10
    ➖
    TANNER, Shaun resigned
    secretary
  18. 2017-03-10
    ➖
    TANNER, Shaun resigned
    director
  19. 2016-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2016-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2015-07-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2015-03-12
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  23. 2015-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2014-09-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2014-06-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2014-06-24
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  27. 2013-06-07
    🔓
    Charge satisfied #10
  28. 2013-01-18
    🔒
    Charge registered #10
    Lender: Maureen Neville
  29. 2012-04-02
    ➖
    TANNER, Ceri Helen resigned
    director
  30. 2012-04-02
    ➕
    TANNER, Shaun appointed
    director
  31. 2011-09-30
    ➖
    TANNER, Ceri Helen resigned
    secretary
  32. 2011-09-30
    ➕
    TANNER, Shaun appointed
    secretary
  33. 2011-08-18
    🔓
    Charge satisfied #8
  34. 2011-07-29
    🔒
    Charge registered #9
    Lender: Clydesdale Bank PLC
  35. 2010-09-24
    🔒
    Charge registered #8
    Lender: Clydesdale Bank PLC
  36. 2009-12-08
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  37. 2009-11-30
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC
  38. 2007-10-04
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  39. 2007-06-27
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  40. 2006-11-10
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  41. 2006-09-11
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  42. 2006-01-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  43. 2005-06-30
    ➕
    NEVILLE, Peter Stephen appointed
    director
  44. 2005-06-30
    ➕
    TANNER, Ceri Helen appointed
    secretary
  45. 2005-06-30
    ➖
    BOYES TURNER SECRETARIES LIMITED resigned
    corporate-secretary
  46. 2005-06-30
    ➕
    TANNER, Ceri Helen appointed
    director
  47. 2005-06-30
    ➖
    BOYES TURNER DIRECTORS LIMITED resigned
    corporate-director
  48. 2005-06-24
    🏢
    Company incorporated
    As ELEGANT HOMES (READING) LIMITED
  49. 2005-06-24
    ➕
    BOYES TURNER SECRETARIES LIMITED appointed
    corporate-secretary
  50. 2005-06-24
    ➕
    BOYES TURNER DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

100/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 high · 1 low
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2020-03-17

8 live charges
low

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

Group structure

Elegant Homes (Caversham) Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Elegant Homes (Caversham) Limited
Corporate parent · holds 50-75% shares · board control
majority
⬇
ELEGANT HOMES (READING) LIMITED
This company · 05489856

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Elegant Homes (Caversham) Limited
Corporate entity
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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

Statusdissolved
Typeltd
Incorporated2005-06-24
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

The Granary 1a Patrick Road
Caversham
Reading
RG4 8DD

Filing status

Accounts
Next due: —
Last made up to: 2018-05-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

BRADBURY, Linda Marilyn→
secretary · appointed 2017-03-10
View their other companies + combined net worth →
Active
NEVILLE, Peter Stephen→
director · ~68y · appointed 2005-06-30
View their other companies + combined net worth →
Active
TANNER, Ceri Helen→
secretary · appointed 2005-06-30 · resigned 2011-09-30
Resigned
TANNER, Shaun→
secretary · appointed 2011-09-30 · resigned 2017-03-10
Resigned
BOYES TURNER SECRETARIES LIMITED→
corporate-secretary · appointed 2005-06-24 · resigned 2005-06-30
Resigned
TANNER, Ceri Helen→
director · ~59y · appointed 2005-06-30 · resigned 2012-04-02
Resigned
TANNER, Shaun→
director · ~62y · appointed 2012-04-02 · resigned 2017-03-10
Resigned
BOYES TURNER DIRECTORS LIMITED→
corporate-director · appointed 2005-06-24 · resigned 2005-06-30
Resigned

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

Mortgages & charges

10
Total charges
8
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
Maureen Neville
Debenture1 property18/01/201307/06/2013
outstanding
Virgin Money
Clydesdale Bank PLC
Legal charge1 property29/07/2011—
satisfied
Virgin Money
Clydesdale Bank PLC
Legal charge2 properties24/09/201018/08/2011
outstanding
Virgin Money
Clydesdale Bank PLC
Legal charge1 property08/12/2009—
outstanding
Virgin Money
Clydesdale Bank PLC
Deposit agreement1 property30/11/2009—
outstanding
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property04/10/2007—
outstanding
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property27/06/2007—
outstanding
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property10/11/2006—
outstanding
Virgin Money
Clydesdale Bank PLC
Legal mortgage1 property11/09/2006—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Legal charge1 property16/01/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

bona-vacantia-company
restoration · BONA
2020-11-13
gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-03-17
gazette-notice-voluntary
gazette · GAZ1(A)
2019-12-31
dissolution-application-strike-off-company
dissolution · DS01
2019-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-06
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-06-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2018-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-18
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-06-28
appoint-person-secretary-company-with-name-date
officers · AP03
2017-04-20
termination-secretary-company-with-name-termination-date
officers · TM02
2017-04-20