120 CREST ESTATES LIMITED

💤Zombieactive
10120446 · ltd · incorporated 2016-04-12
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 57/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 4 lenders · oldest 10.0y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 10.0 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
54 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
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
3
filings
  • 2 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-05-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-03-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2023-12-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2023-09-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2022-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-06-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-06-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2022-04-06
    ITZINGER, Solomon appointed
    director
  17. 2022-04-06
    ITZINGER, Solomon resigned
    director
  18. 2022-04-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2022-04-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2022-04-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2022-03-01
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2021-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2018-07-20
    🔒
    Charge registered #7
    Lender: Hampshire Trust Bank PLC
  24. 2018-07-20
    🔒
    Charge registered #6
    Lender: Hampshire Trust Bank PLC
  25. 2018-06-26
    🔓
    Charge satisfied #1
  26. 2018-06-22
    🔓
    Charge satisfied #5
  27. 2018-06-22
    🔓
    Charge satisfied #4
  28. 2018-02-13
    ROTHSCHILD, Bracha resigned
    director
  29. 2017-03-20
    🔒
    Charge registered #5
    Lender: Tempus Capital Partners Limited
  30. 2017-03-20
    🔒
    Charge registered #4
    Lender: Tempus Capital Partners Limited
  31. 2017-03-20
    🔒
    Charge registered #3
    Lender: Commercial Acceptances Limited
  32. 2017-03-20
    🔒
    Charge registered #2
    Lender: Commercial Acceptances Limited
  33. 2016-09-18
    ROTHSCHILD, Bracha appointed
    director
  34. 2016-06-02
    🔒
    Charge registered #1
    Lender: Amicus Finance PLC
  35. 2016-04-12
    🏢
    Company incorporated
    As 120 CREST ESTATES LIMITED
  36. 2016-04-12
    FRIEDMAN, Sydney appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • 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

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Sydney Friedman
Individual · Hungarian · DOB 04/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/02/2018
2 historic (ceased) PSCs
  • Mr Solomon Itzingerceased 06/04/2022· 25-50% shares · 25-50% voting
  • Mrs Bracha Rothschildceased 13/02/2018· 75-100% shares · 75-100% voting · board control

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 →

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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
Incorporated2016-04-12
Jurisdictionengland-wales
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

66 Peregrine Court Clapton Common
London
E5 9AN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-25
Last: 2026-04-11

Officers (1 active · 2 resigned)

FRIEDMAN, Sydney
director · ~35y · appointed 2016-04-12
View their other companies + combined net worth →
Active
ITZINGER, Solomon
director · ~35y · appointed 2022-04-06 · resigned 2022-04-06
Resigned
ROTHSCHILD, Bracha
director · ~36y · appointed 2016-09-18 · resigned 2018-02-13
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

7
Total charges
4
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Hampshire Trust Bank
Hampshire Trust Bank PLC
A registered charge20/07/2018
outstanding
Hampshire Trust Bank
Hampshire Trust Bank PLC
A registered charge1 property20/07/2018
satisfied
Tempus Capital Partners
Tempus Capital Partners Limited
A registered charge1 property20/03/201722/06/2018
satisfied
Tempus Capital Partners
Tempus Capital Partners Limited
A registered charge6 properties20/03/201722/06/2018
outstanding
Commercial Acceptances
Commercial Acceptances Limited
A registered charge1 property20/03/2017
outstanding
Commercial Acceptances
Commercial Acceptances Limited
A registered charge1 property20/03/2017
satisfied
Amicus Finance
Amicus Finance PLC
A registered charge1 property02/06/201626/06/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-13
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-03-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-28
change-account-reference-date-company-previous-extended
accounts · AA01
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-26