ISOSCELES DM 123 LIMITED
- · Lifecycle stage: zombie → wound-down
- · Investment thesis: zombie_hold → unclassified
- · Company status: active → administration
- · Opportunity score: 59 → 38
- · 6 recent signals weakening vs 1 strengthening
Picture worsened over the last 30 days — 6 negative signals vs 1 positive.
- ↓Lifecycle stage: zombie → wound-down
- ·Investment thesis: zombie_hold → unclassified
- ·Company status: active → administration
- ↓Deal-killer verdict: complicated → not-transactable
- ↓Opportunity score: 59 → 38
- +5 more
No snapshot from 90 days ago — start tracking from today.
No snapshot from 180 days ago — start tracking from today.
Opportunity 38/100 (watch), bankability 22/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (90/100). Current lenders should be on immediate intervention.
Refinance opportunity
12 live charges · 11 lenders · oldest 15.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 15.1 years old — likely at or near maturity.
- · 11 lenders named — inter-creditor friction likely.
- · Legal-friction score 73/100 (specialist).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2023-03-31 |
|---|---|
| Total assets | £-326.15M |
| Current assets | £11.96M |
| Cash | £323.0k |
| Debtors | £11.64M |
| Net assets | £-326.15M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 2 insolvency
- • 1 address
- • 2 insolvency
- • 1 address
- • 1 change-of-name
- • 2 insolvency
- • 1 address
- • 1 change-of-name
Corporate timeline (86 events)Click to expand
- 2026-07-21⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2026-07-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-07-10⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2026-06-18✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-14🔒Charge registered #12Lender: Ares Management Limited (As Security Agent)
- 2025-04-01📄legacycapital · SH20
- 2025-04-01📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-04-01⚠️legacyinsolvency · CAP-SS
- 2025-04-01📄resolutionresolution · RESOLUTIONS
- 2025-04-01📄legacycapital · SH20
- 2025-04-01⚠️legacyinsolvency · CAP-SS
- 2025-04-01📄resolutionresolution · RESOLUTIONS
- 2024-12-31📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-12-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-20➕MANUEL, David Colin appointedsecretary
- 2024-12-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-19➖O'CONNOR, Caroline Sarah resignedsecretary
- 2024-12-18➕DELUCA, Vincent appointeddirector
- 2024-12-17📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-11➖CRAWLEY-TRICE, Simon Richard resigneddirector
- 2024-04-24📄resolutionresolution · RESOLUTIONS
- 2024-04-23📄capital-allotment-sharescapital · SH01
- 2024-03-18📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-09-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-09-13➕O'CONNOR, Caroline Sarah appointedsecretary
- 2023-09-13➖REDDING, Matthew resignedsecretary
- 2022-05-11➕MANUEL, David Colin appointeddirector
- 2022-05-11➖KARAOLIS, Stylianos resigneddirector
- 2021-12-23➖MITCHELL, Steven Keith resigneddirector
- 2021-12-15➕KARAOLIS, Stylianos appointeddirector
- 2021-05-12➕CRAWLEY-TRICE, Simon Richard appointeddirector
- 2021-05-12➖HOWSON, David Michael resigneddirector
- 2019-10-28➕REDDING, Matthew appointedsecretary
- 2019-06-13🔓Charge satisfied #10
- 2019-04-26🔒Charge registered #11Lender: Ares Management Limited as Security Agent
- 2019-04-15🔓Charge satisfied #8
- 2019-04-15🔓Charge satisfied #7
- 2019-04-15🔓Charge satisfied #9
- 2019-04-15🔓Charge satisfied #6
- 2019-03-29🔒Charge registered #10Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2018-03-06➖CHAPMAN, Kirsty resigneddirector
- 2018-03-06➕MITCHELL, Steven Keith appointeddirector
- 2017-09-08➕CHAPMAN, Kirsty appointeddirector
- 2017-09-08➖ING, Michael Andrew resigneddirector
- 2017-04-30➖SMITH, Ronald Watson resigneddirector
- 2017-02-01➕HOWSON, David Michael appointeddirector
- 2017-01-31➖MILLS, Alastair Richard resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
3 high · 2 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-07-21: liquidation-in-administration-proposals; 2026-07-10: liquidation-in-administration-appointment-of-administrator
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-06-18: certificate-change-of-name-company
Group structure
Cb-Sdg 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 |
|---|---|---|---|---|
Cb-Sdg Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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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11 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 (3 active · 19 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ares Management (As Security Agent) Ares Management Limited (As Security Agent) | A registered charge | 1 property | 14/11/2025 | — | |
| outstanding | Ares Management as Security Agent Ares Management Limited as Security Agent | A registered charge | 2 properties | 26/04/2019 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 29/03/2019 | 13/06/2019 | |
| satisfied | Ardian Private Debt Iii S.À.R.L. | A registered charge | 1 property | 09/12/2016 | 15/04/2019 | |
| satisfied | Ardian Private Debt Iii | A registered charge | 1 property | 13/04/2016 | 15/04/2019 | |
| satisfied | Ardian Private Debt Iii (Formerly Axa Private Debt Iii Sàrl) | A registered charge | 1 property | 26/10/2015 | 15/04/2019 | |
| satisfied | Axa Private Debt Iii Sàrl | A registered charge | 1 property | 26/10/2015 | 15/04/2019 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited | Insurance assignment of key-man policies | 1 property | 26/03/2013 | 16/09/2015 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (the "Security Agent") | Debenture | 1 property | 26/03/2013 | 16/09/2015 | |
| satisfied | Penta Capital (As Security Trustee) Penta Capital LLP (As Security Trustee) | Composite guarantee and debenture | 1 property | 08/08/2012 | 16/09/2015 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Clydesdale Bank & Yorkshire Bank) | Debenture | 1 property | 24/10/2011 | 05/04/2013 | |
| satisfied | Penta Capital (As Security Trustee) Penta Capital LLP (As Security Trustee) | Guarantee and debenture | 1 property | 24/06/2011 | 16/09/2015 |