18 CAVENDISH SQUARE LIMITED

🏛️Establishedactive
10250849 · ltd · incorporated 2016-06-24
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 8.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 8.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 8.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
29 connected companies via shared directors
90
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Average employees300200

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 persons-with-significant-control
Last 180 days
1
filing
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2025-12-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-12-01
    🔓
    Charge satisfied #1
  4. 2025-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-11-24
    🔒
    Charge registered #2
    Lender: Handelsbanken PLC
  6. 2025-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-07-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2025-05-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2025-03-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2024-12-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-12-10
    WALFORD, Ben appointed
    director
  13. 2024-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-11-19
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  15. 2024-11-19
    📄
    legacy
    capital · SH20
  16. 2024-11-19
    📄
    legacy
    capital · SH20
  17. 2024-11-19
    ⚠️
    legacy
    insolvency · CAP-SS
  18. 2024-11-19
    ⚠️
    legacy
    insolvency · CAP-SS
  19. 2024-11-19
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2023-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2022-12-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2022-05-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  23. 2021-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  24. 2017-11-24
    🔒
    Charge registered #1
    Lender: Canada Life Limited
  25. 2016-06-24
    🏢
    Company incorporated
    As 18 CAVENDISH SQUARE LIMITED
  26. 2016-06-24
    LESLAU, Nicholas Mark appointed
    director
  27. 2016-06-24
    WRAY, Nigel William appointed
    director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.

Red flags

1 high ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-11-19: legacy; 2024-11-19: legacy

Group structure

Lesray Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lesray Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
18 CAVENDISH SQUARE LIMITED
This company · 10250849

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%
NameSharesVoting rightsNature of controlNotified
Lesray Holdings Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting24/11/2017
1 historic (ceased) PSC
  • Lesray Llpceased 24/11/2017· 75-100% shares

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
Incorporated2016-06-24
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Cavendish House
18 Cavendish Square
London
W1G 0PJ
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-07
Last: 2025-06-23

Officers (3 active · 0 resigned)

LESLAU, Nicholas Mark
director · ~67y · appointed 2016-06-24
View their other companies + combined net worth →
Active
WALFORD, Ben
director · ~47y · appointed 2024-12-10
View their other companies + combined net worth →
Active
WRAY, Nigel William
director · ~78y · appointed 2016-06-24
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property24/11/2025
satisfied
Canada Life
Canada Life Limited
A registered charge1 property24/11/201701/12/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-04-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-22
change-person-director-company-with-change-date
officers · CH01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-05-21
change-person-director-company-with-change-date
officers · CH01
2025-03-31
appoint-person-director-company-with-name-date
officers · AP01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-11-19
legacy
capital · SH20
2024-11-19
legacy
capital · SH20
2024-11-19
legacy
insolvency · CAP-SS
2024-11-19