168 UN LIMITED
Opportunity 79/100 (strong), bankability 67/100. 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 12.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)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 · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 100 | 100 |
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 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2026-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-05-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-05-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-05-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-31🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2021-03-31🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2021-02-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-03-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-11-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-18🔓Charge satisfied #1
- 2019-04-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-04-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-07-19🔒Charge registered #1Lender: Christopher Proudman
- 2013-06-20🏢Company incorporatedAs 168 UN LIMITED
- 2013-06-20➕MILLIGAN, Julian Ernest appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Jools Properties Ltd 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 |
|---|---|---|---|---|
Jools Properties Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/03/2021 |
2 historic (ceased) PSCs
- Mr Julian Ernest Milliganceased 31/03/2021· 25-50% shares · 25-50% voting
- Mrs Louisa Milliganceased 31/03/2021· 25-50% shares · 25-50% voting
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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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 31/03/2021 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 31/03/2021 | — | |
| satisfied | Christopher Proudman / Roger Taylor / Elizabeth Proudman / Helen Kronfeld | A registered charge | 1 property | 19/07/2013 | 18/11/2019 |