LETS 11 LTD
🌳Matureactive
06010811 · ltd · incorporated 2006-11-27
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-67.6k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
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: distressed disposal / insolvency (65/100).
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, 1 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
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
67 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £67,591
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
Net Worth
-£68k
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £3.5k | — |
| Net assets | £-67.6k | — |
| Average employees | — | 200 |
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 address
Last 180 days
6
filings
- • 2 officers
- • 1 address
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-03-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-02-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-02-07📄second-filing-change-details-of-a-person-with-significant-controlpersons-with-significant-control · RP04PSC04
- 2024-01-29📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-06📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-23📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-02-21📄gazette-notice-compulsorygazette · GAZ1
- 2021-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2008-09-02➕EVANS, Stuart Alexander John appointedsecretary
- 2008-09-01➖BOURNE WALBROOK NOMINEES LIMITED resignedcorporate-secretary
- 2006-12-01➕EVANS, Rebecca Louise appointeddirector
- 2006-12-01➕EVANS, Stuart Alexander John appointeddirector
- 2006-12-01➖JUDD, Michael Andrew James resigneddirector
- 2006-11-27🏢Company incorporatedAs LETS 11 LTD
- 2006-11-27➕BOURNE WALBROOK NOMINEES LIMITED appointedcorporate-secretary
- 2006-11-27➕JUDD, Michael Andrew James appointeddirector
Owner dependency
76/100
High — earn-out structure requiredMaterial 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 19 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple 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.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Rebecca Louise Evans Individual · British · DOB 04/1981 · age 45 | 25–50% | 25–50% | board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest | 28/01/2021 |
1 historic (ceased) PSC
- Stuart Aleander John Evansceased 28/01/2021· 25-50% shares · 25-50% voting · board control · significant influence · 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 · Hospitality · ME postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 105 VENTURES LIMITED→ 15923088 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 4NETTI LIMITED→ 15287796 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 5AB GROUP LTD→ 13843585 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| A & A CONTINENTAL FOODS LTD→ 15308986 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A BEST LODGE LIMITED→ 10175956 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A20 GRILL LIMITED→ 13116890 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AA KITCHEN KENT LTD→ 12982110 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABY'S KITCHEN LTD→ 15667894 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACRE 2 LIMITED→ 15326099 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADA'S PIES LTD→ 13115737 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADAM CATERING (LONDON) LTD→ 16281975 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADANA 07 LTD→ 16267892 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2006-11-27
Jurisdictionengland-wales
Primary SIC55900 — Other accommodation
Registered office
2nd Floor, Maritime Place Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27
Officers (3 active · 2 resigned)
EVANS, Stuart Alexander John→
Activesecretary · appointed 2008-09-02
View their other companies + combined net worth →
EVANS, Rebecca Louise→
Activedirector · ~45y · appointed 2006-12-01
View their other companies + combined net worth →
EVANS, Stuart Alexander John→
Activedirector · ~54y · appointed 2006-12-01
View their other companies + combined net worth →
BOURNE WALBROOK NOMINEES LIMITED→
Resignedcorporate-secretary · appointed 2006-11-27 · resigned 2008-09-01
JUDD, Michael Andrew James→
Resigneddirector · ~54y · appointed 2006-11-27 · resigned 2006-12-01
Click a director name to see their full track record across all companies.
Recent filings (67 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-03
change-person-director-company-with-change-date
officers · CH01
2025-12-03
change-person-director-company-with-change-date
officers · CH01
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-15
second-filing-change-details-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC04
2024-02-07
change-sail-address-company-with-old-address-new-address
address · AD02
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
gazette-filings-brought-up-to-date
gazette · DISS40
2023-06-24