118 SALES LIMITED
Opportunity 71/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
7 live charges · 7 lenders · oldest 9.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
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 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 200 | 200 |
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 officers
- • 1 confirmation-statement
Corporate timeline (33 events)Click to expand
- 2025-12-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-30➖WEATHERSTONE, Andrew Paul resigneddirector
- 2025-07-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-06-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-03-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-03-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-03-05➕PRESTON, Kelly appointeddirector
- 2024-03-05➖SPINKS, Paul resignedsecretary
- 2024-03-05➖SPINKS, Paul James resigneddirector
- 2023-09-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-30➕WEATHERSTONE, Andrew Paul appointeddirector
- 2021-09-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-05-12➖BRADSHAW, Patrick Julian resigneddirector
- 2018-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-04-07📄resolutionresolution · RESOLUTIONS
- 2017-03-24🔒Charge registered #7Lender: Pcp V Cayman Aiv, L.P. (As Mezzanine Security Agent)
- 2017-03-24🔒Charge registered #6Lender: The Prudential Insurance Company of America (As Senior Security Agent)
- 2017-03-24🔒Charge registered #5Lender: The Prudential Insurance Company of America
- 2017-03-24🔒Charge registered #4Lender: Pcp V Cayman Aiv, L.P.
- 2017-03-24🔒Charge registered #3Lender: Jason Chainey
- 2017-03-24🔒Charge registered #2Lender: Patrick Bradshaw
- 2017-03-24🔒Charge registered #1Lender: Paul Spinks
- 2009-12-09🏢Company incorporatedAs 118 SALES LIMITED
- 2009-12-09➕SPINKS, Paul appointedsecretary
- 2009-12-09➕BRADSHAW, Patrick Julian appointeddirector
- 2009-12-09➕SPINKS, Paul James 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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
118 Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
118 Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/07/2016 |
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.
See pricing →Similar companies
Active · Other · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 00527500 LIMITED→ 00527500 · est 1953 · no financials extracted | — | — | — | — | 72y | — | — |
| 01111064 LIMITED→ 01111064 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
| 02348232 LIMITED→ 02348232 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| 02877158 PUBLIC LIMITED COMPANY→ 02877158 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| 09320792 LIMITED→ 12456792 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 11 DATES LIMITED→ 16308013 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 116 LIMITED→ 03556347 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| 123 TRAINING LIMITED→ 05096471 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| 12I LLP→ OC422501 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 196 WELHOLME ROAD MANAGEMENT COMPANY LIMITED→ 06402664 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 19JP LIMITED→ 10009853 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 1ST COMPUTER TRADERS LIMITED→ 05985380 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
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 →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 · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Pcp V Cayman Aiv, L.P. (As Mezzanine Security Agent) | A registered charge | — | 24/03/2017 | — | |
| outstanding | The Prudential Insurance Company of America (As Senior Security Agent) | A registered charge | — | 24/03/2017 | — | |
| outstanding | The Prudential Insurance Company of America | A registered charge | — | 24/03/2017 | — | |
| outstanding | Pcp V Cayman Aiv, L.P. | A registered charge | — | 24/03/2017 | — | |
| outstanding | Jason Chainey | A registered charge | — | 24/03/2017 | — | |
| outstanding | Patrick Bradshaw | A registered charge | — | 24/03/2017 | — | |
| outstanding | Paul Spinks | A registered charge | — | 24/03/2017 | — |