16 MEADS STREET (FREEHOLD) LIMITED

💤Zombieactive

06819913 · ltd · incorporated 2009-02-16

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£421

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Residents property management

Sector: Activities of households

Investor take

Pursue

Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). 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: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (1 active, 7 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £421

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£421

~ YoY

Current Assets

£5

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-24	2024-03-24
Total assets	£8.8k	£8.8k
Current assets	£5	£5
Net assets	£421	£421

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 address
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-03-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-13
➖
HOBDENS PROPERTY MANAGEMENT LTD resigned
corporate-secretary
2023-06-13
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-13
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-11
➖
SANDERS, Peter resigned
secretary
2022-07-11
➕
HOBDENS PROPERTY MANAGEMENT LTD appointed
corporate-secretary
2022-07-11
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-11
📄
appoint-corporate-secretary-company-with-name-date
officers · AP04
2022-07-06
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-04
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-04
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2021-11-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-11-11
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-11-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-04
➖
HUNT PM LTD resigned
corporate-secretary
2021-10-12
➕
SANDERS, Peter appointed
secretary
2021-06-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2015-08-08
➖
MILLARD, Karina resigned
director
2012-12-19
➖
WEBBER, Malcolm resigned
director
2012-11-05
➖
PADDICK, Nigel James resigned
secretary
2012-11-05
➕
HUNT PM LTD appointed
corporate-secretary
2009-02-16
🏢
Company incorporated
As 16 MEADS STREET (FREEHOLD) LIMITED
2009-02-16
➕
PADDICK, Nigel James appointed
director
2009-02-16
➕
PADDICK, Nigel James appointed
secretary
2009-02-16
➕
MILLARD, Karina appointed
director
2009-02-16
➕
WEBBER, Malcolm appointed
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 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

98/100

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 70 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 17 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

clean

No 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
Mr Nigel James Paddick Individual · British · DOB 10/1956 · age 70	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

Active · Holding company · BN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
15 MILLERS ROAD BRIGHTON LIMITED→ 16192217 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
15 RICHMOND TERRACE (BRIGHTON) FREEHOLD COMPANY LIMITED→ 12055373 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
16 ALEXANDRA VILLAS BRIGHTON LIMITED→ 06331374 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
16 CLERMONT TERRACE BRIGHTON RESIDENTS LTD→ 14861223 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
16 GRASSINGTON ROAD (EASTBOURNE) MANAGEMENT COMPANY LIMITED→ 11579933 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
16 MONTPELIER CRESCENT RESIDENTS ASSOCIATION LIMITED→ 02448987 · est 1989 · no financials extracted	—	—	—	—	36y	—	—
16 PASTON PLACE (BRIGHTON) LIMITED→ 13772566 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
16 ROCK STREET BRIGHTON LIMITED→ 04880442 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
16 SALISBURY ROAD (HOVE) LIMITED→ 05023809 · est 2004 · no financials extracted	—	—	—	—	22y	—	—
16 SOUTHFIELDS ROAD RESIDENTS ASSOCIATION LTD.→ 04812744 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
16 ST GEORGE'S TERRACE BRIGHTON LTD→ 09608568 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
16 ST. MICHAEL'S PLACE FREEHOLDERS LIMITED→ 02465686 · est 1990 · no financials extracted	—	—	—	—	36y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2009-02-16

Jurisdictionengland-wales

Primary SIC98000 — Residents property management

Registered office

C/O Elite Lettings, Suite 3, The Workshop

Wharf Road

Eastbourne

BN21 3FG

England

Filing status

Accounts

Next due: 2026-12-24

Last made up to: 2025-03-24

Confirmation statement

Next due: 2027-02-24

Last: 2026-02-10

Officers (1 active · 6 resigned)

PADDICK, Nigel James→

director · ~70y · appointed 2009-02-16

View their other companies + combined net worth →

Active

PADDICK, Nigel James→

secretary · appointed 2009-02-16 · resigned 2012-11-05

Resigned

SANDERS, Peter→

secretary · appointed 2021-10-12 · resigned 2022-07-11

Resigned

HOBDENS PROPERTY MANAGEMENT LTD→

corporate-secretary · appointed 2022-07-11 · resigned 2023-06-13

Resigned

HUNT PM LTD→

corporate-secretary · appointed 2012-11-05 · resigned 2021-11-04

Resigned

MILLARD, Karina→

director · ~65y · appointed 2009-02-16 · resigned 2015-08-08

Resigned

WEBBER, Malcolm→

director · ~77y · appointed 2009-02-16 · resigned 2012-12-19

Resigned

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

Recent filings (62 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-03-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-10

accounts-with-accounts-type-micro-entity

accounts · AA

2025-11-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-07

accounts-with-accounts-type-micro-entity

accounts · AA

2024-11-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-22

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-03-04

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-19

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-06-14

termination-secretary-company-with-name-termination-date

officers · TM02

2023-06-13

confirmation-statement-with-updates

confirmation-statement · CS01

2023-03-06

change-person-director-company-with-change-date

officers · CH01

2022-07-13

termination-secretary-company-with-name-termination-date

officers · TM02

2022-07-11

appoint-corporate-secretary-company-with-name-date

officers · AP04

2022-07-11

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-07-06