22 THE SQUARE LIMITED
💤Zombieactive
07159430 · ltd · incorporated 2010-02-16
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 Jul 2024
Net worth
£169.3k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 66-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (83/100, director aged 66). 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).
🏦
Refinance opportunity
4 live charges · oldest 11.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (70/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £169,347
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£169k
Current Assets
£46k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 |
|---|---|
| Total assets | £414.7k |
| Current assets | £46.3k |
| Net assets | £169.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
3
filings
- • 2 officers
- • 1 confirmation-statement
Last 180 days
3
filings
- • 2 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-03-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2026-03-02📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-27📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-01-18📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-07-28📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-10-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-29📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-12-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-28🔒Charge registered #4Lender: Lloyds Bank PLC
- 2022-12-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-30🔒Charge registered #3Lender: Lloyds Bank PLC
- 2022-07-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-11-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-07-30📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-04-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2020-10-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-07-31📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2019-04-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2015-03-26🔒Charge registered #2Lender: Lloyds Bank PLC
- 2015-03-03🔒Charge registered #1Lender: Lloyds Bank PLC
- 2013-12-23➖WILLIAMS, Conrad resigneddirector
- 2010-02-16🏢Company incorporatedAs 22 THE SQUARE LIMITED
- 2010-02-16➕SINGH, Narinder appointedsecretary
- 2010-02-16➕SINGH, Narinder appointeddirector
- 2010-02-16➕WILLIAMS, Conrad appointeddirector
Owner dependency
100/100
Critical — business is the founderThe 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 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Narinder Singh Individual · British · DOB 11/1960 · age 66 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · BD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 12 LEINSTER GARDENS LTD→ 10772722 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 12 WYKEBECK LIMITED→ 14257762 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 12I PROPERTY LTD→ 15373694 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 14 MAYO HOLDINGS LTD→ 14104198 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 16BRICKS LTD→ 17117130 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 182 KILBURN HIGH ROAD LTD→ 14322777 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1958 INVESTMENTS LTD→ 14665621 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 196 RAILWAY STREET LTD→ 15898323 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 199 CHAPTER ROAD LIMITED→ 12799955 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1NDIGO LTD→ 16127945 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 226 GAIN LANE LTD→ 15704879 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 24 FLASK WALK LTD→ 16332277 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2010-02-16
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
826 Manchester Road
Bradford
West Yorkshire
BD5 8DJ
Filing status
Accounts
Next due: 2026-07-27
Last made up to: 2024-07-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23
Officers (2 active · 1 resigned)
Active
SINGH, Narinder→
Activedirector · ~66y · appointed 2010-02-16
View their other companies + combined net worth →
WILLIAMS, Conrad→
Resigneddirector · ~63y · appointed 2010-02-16 · resigned 2013-12-23
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 28/12/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 30/11/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 26/03/2015 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 03/03/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-02
change-person-secretary-company-with-change-date
officers · CH03
2026-03-02
change-person-director-company-with-change-date
officers · CH01
2026-03-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
change-account-reference-date-company-current-shortened
accounts · AA01
2025-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-18
change-account-reference-date-company-current-shortened
accounts · AA01
2024-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-29
change-account-reference-date-company-current-shortened
accounts · AA01
2023-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-07-30