104 LIMITED
Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 9.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £3.16M | £3.19M |
| Current assets | £9.41M | £9.41M |
| Cash | £4.7k | £7.1k |
| Debtors | £8.62M | £8.73M |
| Net assets | £2.98M | £3.01M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
Corporate timeline (22 events)Click to expand
- 2025-10-10📄accounts-with-accounts-type-groupaccounts · AA
- 2025-08-11📄capital-allotment-sharescapital · SH01
- 2024-11-26📄accounts-with-accounts-type-groupaccounts · AA
- 2024-01-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-01-22📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-20📄accounts-with-accounts-type-groupaccounts · AA
- 2022-12-22📄accounts-with-accounts-type-groupaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-groupaccounts · AA
- 2021-10-19📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-01📄accounts-with-accounts-type-groupaccounts · AA
- 2021-02-04📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-04📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-03-14🔓Charge satisfied #1
- 2017-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-31🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2016-01-22🏢Company incorporatedAs 104 LIMITED
- 2016-01-22➕SCHWERDTFEGER, Thomas appointeddirector
- 2016-01-22➕STEWART, Paul appointeddirector
- 2016-01-22➕YEGANEH, Farid appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas Schwerdtfeger Individual · German · DOB 01/1954 · age 72 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Farid Yeganeh Individual · British · DOB 09/1969 · age 57 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Paul Stewart Individual · British · DOB 05/1968 · age 58 | 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.
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 (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 31/03/2017 | 14/03/2018 |