59 CHARLOTTE STREET LIMITED
Opportunity 45/100 (watch), bankability 22/100. Strong seller-intent signal (73/100, director aged 82). 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: distressed disposal / insolvency (100/100). Current lenders should be on immediate intervention.
Refinance opportunity
3 live charges · 3 lenders · oldest 9.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £-376.3k | £-364.7k |
| Current assets | £2.0k | £2.0k |
| Net assets | £-376.3k | £-364.7k |
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
Corporate timeline (27 events)Click to expand
- 2025-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-02🔓Charge satisfied #3
- 2025-06-02🔓Charge satisfied #2
- 2025-06-02🔓Charge satisfied #1
- 2025-05-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-20📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-20📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-05-20⚠️liquidation-receiver-cease-to-act-receiverinsolvency · RM02
- 2019-09-07⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2019-06-08📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2019-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2018-11-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-04-13🔒Charge registered #3Lender: Alternative Bridging (UK 1) Limited
- 2016-07-14🔒Charge registered #2Lender: Alternative Bridging (UK 2) Limited
- 2016-07-14🔒Charge registered #1Lender: Alternative Bridging (UK2) Limited
- 2013-08-19🏢Company incorporatedAs 59 CHARLOTTE STREET LIMITED
- 2013-08-19➕AHUJA, Usha 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.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
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: 2026-02-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-09-02
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-05-20: liquidation-receiver-cease-to-act-receiver; 2019-09-07: liquidation-receiver-appointment-of-receiver
Companies House flags prior insolvency events. Review the insolvency filings for context.
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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Usha Ahuja Individual · British · DOB 02/1944 · age 82 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Amrit Ahuja Individual · British · DOB 04/1938 · age 88 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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13 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 | |||||
|---|---|---|---|---|---|---|
| satisfied | Alternative Bridging (UK 1) Alternative Bridging (UK 1) Limited | A registered charge | — | 13/04/2017 | 02/06/2025 | |
| satisfied | Alternative Bridging (UK 2) Alternative Bridging (UK 2) Limited | A registered charge | 1 property | 14/07/2016 | 02/06/2025 | |
| satisfied | Alternative Bridging (UK2) Alternative Bridging (UK2) Limited | A registered charge | — | 14/07/2016 | 02/06/2025 |