CGCONEX TD LIMITED
Opportunity 79/100 (strong), bankability 80/100. 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: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 4.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.2 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|---|
| Total assets | £1.01M |
| Current assets | £1.44M |
| Cash | £186.5k |
| Debtors | £1.13M |
| Net assets | £844.9k |
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 (20 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-06📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2024-10-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-27➕SHIN, Eun Heui appointedsecretary
- 2023-10-16📄change-person-director-company-with-change-dateofficers · CH01
- 2023-10-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-16📄change-person-director-company-with-change-dateofficers · CH01
- 2023-08-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-09🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2020-12-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-03-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-08-01🏢Company incorporatedAs CGCONEX TD LIMITED
- 2014-08-01➕LEE, Dong Hyun 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 59 — approaching natural succession window.
- +No director turnover: Company is 12 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 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Bmode 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 |
|---|---|---|---|---|
Bmode Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/10/2024 |
1 historic (ceased) PSC
- Mr Dong Hyun Leeceased 21/10/2024· 75-100% shares
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 (2 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 | 09/05/2022 | — |