2 MERCHANT SQUARE (GENERAL PARTNER) LIMITED

🌳Matureactive
05911064 · ltd · incorporated 2006-08-21
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.8y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 18.8y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (75/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 7 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
33 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
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£3k£6k£9k£13k£16kMar 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
Total assets£15.7k
Current assets£5.7k
Net assets£15.7k
Average employees0

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 accounts
Last 180 days
3
filings
  • 2 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2026-02-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-02-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2026-02-13
    KIERNANDER, John Anthony resigned
    secretary
  5. 2026-02-13
    KIERNANDER, John Anthony resigned
    director
  6. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-11-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-11-08
    HOOTON, Mark Frederick appointed
    director
  9. 2024-10-04
    THORNTON, Roger appointed
    director
  10. 2024-10-04
    SAWYER, Eileen Marie resigned
    director
  11. 2024-10-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-10-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2024-04-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-04-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-10-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2018-10-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2018-09-28
    O'DRISCOLL, Patrick Colin resigned
    director
  25. 2018-09-28
    SAWYER, Eileen Marie appointed
    director
  26. 2011-10-17
    🔒
    Charge registered #2
    Lender: British Waterways Board
  27. 2007-08-17
    🔒
    Charge registered #1
    Lender: British Waterways Board
  28. 2007-06-28
    NAHUM, Stephane Abraham Joseph appointed
    director
  29. 2006-11-21
    O'DRISCOLL, Patrick Colin appointed
    director
  30. 2006-10-19
    JARVIS, Bruce Darrel Grayston appointed
    director
  31. 2006-10-19
    KIERNANDER, John Anthony appointed
    secretary
  32. 2006-10-19
    EPS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  33. 2006-10-19
    KIERNANDER, John Anthony appointed
    director
  34. 2006-10-19
    MIKJON LIMITED resigned
    corporate-nominee-director
  35. 2006-08-21
    🏢
    Company incorporated
    As 2 MERCHANT SQUARE (GENERAL PARTNER) LIMITED
  36. 2006-08-21
    EPS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 2006-08-21
    MIKJON LIMITED appointed
    corporate-nominee-director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 20 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: KIERNANDER, John Anthony resigned 2026-02-13; KIERNANDER, John Anthony resigned 2026-02-13

🔒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
Incorporated2006-08-21
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

9 Harbet Road
London
W2 1AJ
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (4 active · 6 resigned)

HOOTON, Mark Frederick
director · ~65y · appointed 2024-11-08
View their other companies + combined net worth →
Active
JARVIS, Bruce Darrel Grayston
director · ~78y · appointed 2006-10-19
View their other companies + combined net worth →
Active
NAHUM, Stephane Abraham Joseph
director · ~51y · appointed 2007-06-28
View their other companies + combined net worth →
Active
THORNTON, Roger
director · ~55y · appointed 2024-10-04
View their other companies + combined net worth →
Active
KIERNANDER, John Anthony
secretary · appointed 2006-10-19 · resigned 2026-02-13
Resigned
EPS SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2006-08-21 · resigned 2006-10-19
Resigned
KIERNANDER, John Anthony
director · ~82y · appointed 2006-10-19 · resigned 2026-02-13
Resigned
O'DRISCOLL, Patrick Colin
director · ~51y · appointed 2006-11-21 · resigned 2018-09-28
Resigned
SAWYER, Eileen Marie
director · ~47y · appointed 2018-09-28 · resigned 2024-10-04
Resigned
MIKJON LIMITED
corporate-nominee-director · appointed 2006-08-21 · resigned 2006-10-19
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
British Waterways Board
Legal charge2 properties17/10/2011
outstanding
British Waterways Board
Legal charge1 property17/08/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-03-18
termination-director-company-with-name-termination-date
officers · TM01
2026-02-16
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
appoint-person-director-company-with-name-date
officers · AP01
2024-11-15
termination-director-company-with-name-termination-date
officers · TM01
2024-10-04
appoint-person-director-company-with-name-date
officers · AP01
2024-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23