23.5 DEGREES TOPCO LIMITED
🌳Matureactive
09180152 · ltd · incorporated 2014-08-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 65). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 10.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
17 officers (2 active, 17 linked, 14 with DOB)
86
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
6
filings
- • 3 accounts
- • 2 mortgage
- • 1 address
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
- 2026-04-18📄accounts-with-accounts-type-groupaccounts · AA
- 2026-03-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-25🔓Charge satisfied #2
- 2026-03-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-18🔓Charge satisfied #3
- 2026-02-10📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2026-02-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-07📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-12-20📄resolutionresolution · RESOLUTIONS
- 2025-11-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-11-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-31📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-07-31📄legacycapital · SH20
- 2025-07-31⚠️legacyinsolvency · CAP-SS
- 2025-07-31📄resolutionresolution · RESOLUTIONS
- 2025-06-09📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-04-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-30📄capital-alter-shares-consolidationcapital · SH02
- 2025-01-30📄capital-name-of-class-of-sharescapital · SH08
- 2025-01-30📄capital-name-of-class-of-sharescapital · SH08
- 2025-01-29📄resolutionresolution · RESOLUTIONS
- 2025-01-29📄capital-allotment-sharescapital · SH01
- 2025-01-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-14➕LINGHAM, Michael William appointeddirector
- 2024-10-14➕RAYNER, Alex appointeddirector
- 2024-10-14➖GATELEY SECRETARIES LIMITED resignedcorporate-secretary
- 2024-10-14➖CLELAND, Jonathan Bradley resigneddirector
- 2024-10-14➖CONTARDO, Luca resigneddirector
- 2024-10-14➖HEPBURN, Mark resigneddirector
- 2024-10-14➖MULHOLLAND, Barry Joseph resigneddirector
- 2024-10-14➖SNAITH, Mark resigneddirector
- 2024-07-10🔓Charge satisfied #4
- 2024-07-10🔓Charge satisfied #1
- 2020-06-17➖WITTET, Pascal Adrian resigneddirector
- 2020-06-12➕SNAITH, Mark appointeddirector
- 2018-07-25➕CONTARDO, Luca appointeddirector
- 2018-07-25➕MULHOLLAND, Barry Joseph appointeddirector
- 2018-07-25🔒Charge registered #4Lender: Connection Capital LLP as Security Trustee for the Secured Parties (As Defined Therein)
- 2018-07-10➕GATELEY SECRETARIES LIMITED appointedcorporate-secretary
- 2018-06-22🔒Charge registered #3Lender: Hsbc Equipment Finance (UK) LTD
- 2018-06-22🔒Charge registered #2Lender: Hsbc Bank PLC
- 2017-08-11➖HART, Amanda Judith resigneddirector
- 2017-03-01➕CLELAND, Jonathan Bradley appointeddirector
- 2017-01-31➖TAIT, Michael John resigneddirector
- 2016-02-29➖GARNER, Charles James resigneddirector
- 2016-01-07➕HART, Amanda Judith appointeddirector
- 2016-01-07➕TAIT, Michael John appointeddirector
Showing most recent 50 of 65 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 med · 1 low1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-07-31: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Starbucks Coffee Holdings (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Starbucks Coffee Holdings (Uk) Limited
Corporate parent · holds 75-100% shares · board control
⬇
23.5 DEGREES TOPCO LIMITED
This company · 09180152
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 |
|---|---|---|---|---|
Starbucks Coffee Holdings (Uk) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/11/2025 |
5 historic (ceased) PSCs
- Starbucks Corporationceased 14/11/2025· 75-100% shares · 75-100% voting · board control
- Mr Mark Hepburnceased 14/10/2024· 25-50% voting
- Connection Capital Llpceased 14/10/2024· significant influence
- Mr Anil Sudhakar Patilceased 06/04/2016· 25-50% shares
- Gateley Custodian And Nominee Services Limitedceased 06/04/2016· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Professional services · W postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A FAMILY OFFICE LTD→ 14645536 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AECHELONIA LIMITED→ 15631137 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AEG CONSULTING LIMITED→ 15011334 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEL MANAGEMENT LIMITED→ 17032774 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AEON 6 LIMITED→ 15031321 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEON INVESTMENTS LIMITED→ 11899434 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| AEONAPTRO VENTURES LTD→ 17107458 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AERAS CONSULTING LTD→ 15627187 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AESOP SOLUTIONS LIMITED→ 16131089 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AESTHELUNA LIMITED→ 14587424 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AESTHETICS101 LIMITED→ 14709088 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AETAS PARTNERS LIMITED→ 13832348 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2014-08-18
Jurisdictionengland-wales
Primary SIC70100 — Activities of head offices
Registered office
Building 7 Chiswick Park
566 Chiswick High Road
London
W4 5YG
England
Filing status
Accounts
Next due: 2027-06-28
Last made up to: 2025-09-28
Confirmation statement
Next due: 2026-09-01
Last: 2025-08-18
Officers (2 active · 15 resigned)
LINGHAM, Michael William→
Activedirector · ~40y · appointed 2024-10-14
View their other companies + combined net worth →
RAYNER, Alex→
Activedirector · ~65y · appointed 2024-10-14
View their other companies + combined net worth →
GATELEY SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2018-07-10 · resigned 2024-10-14
GATELEY SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2014-08-18 · resigned 2015-09-22
CLELAND, Jonathan Bradley→
Resigneddirector · ~61y · appointed 2017-03-01 · resigned 2024-10-14
CONTARDO, Luca→
Resigneddirector · ~52y · appointed 2018-07-25 · resigned 2024-10-14
GARNER, Charles James→
Resigneddirector · ~55y · appointed 2015-09-22 · resigned 2016-02-29
HART, Amanda Judith→
Resigneddirector · ~55y · appointed 2016-01-07 · resigned 2017-08-11
HEPBURN, Mark→
Resigneddirector · ~54y · appointed 2015-09-22 · resigned 2024-10-14
MULHOLLAND, Barry Joseph→
Resigneddirector · ~60y · appointed 2018-07-25 · resigned 2024-10-14
OTWAY, Miles Daniel→
Resigneddirector · ~43y · appointed 2014-10-24 · resigned 2015-09-22
PATIL, Anil Sudhakar→
Resigneddirector · ~52y · appointed 2015-09-22 · resigned 2015-12-17
SNAITH, Mark→
Resigneddirector · ~37y · appointed 2020-06-12 · resigned 2024-10-14
TAIT, Michael John→
Resigneddirector · ~78y · appointed 2016-01-07 · resigned 2017-01-31
WARD, Michael James→
Resigneddirector · ~67y · appointed 2014-08-18 · resigned 2014-10-24
WITTET, Pascal Adrian→
Resigneddirector · ~45y · appointed 2015-07-21 · resigned 2020-06-17
GATELEY INCORPORATIONS LIMITED→
Resignedcorporate-director · appointed 2014-08-18 · resigned 2014-10-24
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Connection Capital as Security Trustee for the Secured Parties (As Defined Therein) Connection Capital LLP as Security Trustee for the Secured Parties (As Defined Therein) | A registered charge | — | 25/07/2018 | 10/07/2024 | |
| satisfied | HSBC Hsbc Equipment Finance (UK) LTD | A registered charge | — | 22/06/2018 | 18/03/2026 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 22/06/2018 | 25/03/2026 | |
| satisfied | Connection Capital (As Security Trustee) Connection Capital LLP (As Security Trustee) | A registered charge | — | 22/09/2015 | 10/07/2024 |
Recent filings (116 total)
accounts-with-accounts-type-group
accounts · AA
2026-04-18
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-18
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-05
change-account-reference-date-company-current-shortened
accounts · AA01
2026-01-07
resolution
resolution · RESOLUTIONS
2025-12-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-11-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-26
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2025-07-31
legacy
capital · SH20
2025-07-31
legacy
insolvency · CAP-SS
2025-07-31
resolution
resolution · RESOLUTIONS
2025-07-31
change-account-reference-date-company-current-extended
accounts · AA01
2025-06-09