168 PROPERTIES LIMITED

💤Zombieactive
07570329 · ltd · incorporated 2011-03-18
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
£624.2k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -34% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · oldest 8.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
45 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £624,236
Cash YoY
-34%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£129k
↓ 34% YoY
Net Worth
£624k
↑ 4.6% YoY
Current Assets
£262k
↓ 20% YoY
Current Liabilities
£0£125k£250k£375k£499k£624kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£792.4k£865.1k
Current assets£262.4k£328.6k
Cash£129.3k£195.5k
Debtors£133.1k£133.1k
Net assets£624.2k£596.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-11
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2021-06-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2020-04-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-04-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2020-04-01
    TAN, Leona Tsu-Chuin appointed
    director
  12. 2020-04-01
    TAN, Kia Meng resigned
    director
  13. 2020-04-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-04-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-01-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2020-01-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2020-01-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2020-01-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2020-01-14
    🔓
    Charge satisfied #4
  20. 2020-01-14
    🔓
    Charge satisfied #3
  21. 2020-01-14
    🔓
    Charge satisfied #2
  22. 2020-01-14
    🔓
    Charge satisfied #1
  23. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  24. 2018-04-11
    🔒
    Charge registered #4
    Lender: Svenska Handelsbanken Ab (Publ)
  25. 2018-04-11
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  26. 2018-04-03
    🔒
    Charge registered #2
    Lender: Svenska Handelsbanken Ab (Publ)
  27. 2018-04-03
    🔒
    Charge registered #1
    Lender: Svenska Handelsbanken Ab (Publ)
  28. 2011-03-18
    🏢
    Company incorporated
    As 168 PROPERTIES LIMITED
  29. 2011-03-18
    TAN, Kia Meng appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Leona Tsu-Chuin Tan
Individual · English · DOB 08/1981 · age 45
2550%
25-50% shares06/04/2016
Mr David Hou-Chuin Tan
Individual · English · DOB 10/1986 · age 40
2550%
25-50% shares06/04/2016
1 historic (ceased) PSC
  • Mr David Hou-Chuin Tanceased 06/04/2016· 25-50% shares

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2011-03-18
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

18 Regency Square
Brighton
BN1 2FG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12

Officers (1 active · 1 resigned)

TAN, Leona Tsu-Chuin
director · ~45y · appointed 2020-04-01
View their other companies + combined net worth →
Active
TAN, Kia Meng
director · ~72y · appointed 2011-03-18 · resigned 2020-04-01
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property11/04/201814/01/2020
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property11/04/201814/01/2020
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property03/04/201814/01/2020
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge03/04/201814/01/2020

Recent filings (45 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-21
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-11
gazette-notice-compulsory
gazette · GAZ1
2021-06-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-04-15