46 PHILLIN LIMITED
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 15.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £475.9k | £436.3k |
| Current assets | £926.3k | £922.9k |
| Net assets | £465.3k | £425.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 confirmation-statement
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (31 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-01📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-04-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-27🔓Charge satisfied #4
- 2022-04-27🔓Charge satisfied #3
- 2022-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-10🔒Charge registered #4Lender: Lloyds Bank PLC
- 2021-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-19🔒Charge registered #3Lender: Lloyds Bank PLC
- 2021-05-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-11-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-02-18📄gazette-notice-compulsorygazette · GAZ1
- 2019-10-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-20🔓Charge satisfied #2
- 2011-05-11➕SEDANI, Sachin, Dr appointeddirector
- 2011-05-11➖BURGER, Schalk Petrus Philippus, Dr resigneddirector
- 2011-05-11🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2011-05-11🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2010-12-01➖PIRIE, Katie Anne resignedsecretary
- 2007-10-29🏢Company incorporatedAs 46 PHILLIN LIMITED
- 2007-10-29➕PIRIE, Katie Anne appointedsecretary
- 2007-10-29➕BURGER, Schalk Petrus Philippus, Dr appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr Sachin Sedani Individual · British · DOB 02/1982 · age 44 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/11/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 10/10/2021 | 27/04/2022 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 19/08/2021 | 27/04/2022 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 11/05/2011 | 20/10/2018 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 11/05/2011 | — |