12 FINANCE LIMITED
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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (65/100).
Refinance opportunity
1 live charge · oldest 8.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key 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 |
|---|---|---|
| Total assets | — | £42.9k |
| Current assets | £53.3k | £42.9k |
| Cash | £2.1k | — |
| Debtors | £51.2k | — |
| Net assets | £13.4k | £20.6k |
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
- • 1 change-of-name
Corporate timeline (29 events)Click to expand
- 2025-11-20✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-15➖PURDY, Nicholas John resigneddirector
- 2025-07-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-07-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-20➕PURDY, Graeme Lewis appointeddirector
- 2024-09-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-07📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-07🔓Charge satisfied #1
- 2024-01-02📄dissolution-withdrawal-application-strike-off-companydissolution · DS02
- 2023-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-10📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2022-02-01📄gazette-notice-voluntarygazette · GAZ1(A)
- 2022-01-24📄dissolution-application-strike-off-companydissolution · DS01
- 2021-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-12🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2017-02-14➖THOMAS, Adrian Nicholas James resigneddirector
- 2016-11-21➕PURDY, Nicholas John appointeddirector
- 2015-01-20➖PURDY, Clare resigneddirector
- 2012-11-30➕THOMAS, Adrian Nicholas James appointeddirector
- 2012-11-14🏢Company incorporatedAs 12 FINANCE LIMITED
- 2012-11-14➕PURDY, Clare 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 med ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-11-20: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graeme Lewis Purdy Individual · British · DOB 06/1983 · age 43 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest | 15/07/2025 |
2 historic (ceased) PSCs
- Mr Nicholas John Purdyceased 15/07/2025· 75-100% shares · 75-100% voting · board control
- Mr Adrian Nicholas James Thomasceased 14/02/2017· 25-50% shares · 25-50% voting · board control · firm interest
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
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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 →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 · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | — | 12/10/2017 | 07/08/2024 |