22-24 LR FREEHOLD LIMITED

💤Zombieactive
10488372 · private-limited-guarant-nsc · incorporated 2016-11-21
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 Nov 2024
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (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: 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 (58/100).

Data confidence

Overall: medium (73/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
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£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2024-12-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2023-12-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-07-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2021-12-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2020-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2020-10-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-08-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2016-11-21
    🏢
    Company incorporated
    As 22-24 LR FREEHOLD LIMITED
  10. 2016-11-21
    HUGHES, David Charles Hannon appointed
    director
  11. 2016-11-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
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.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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.

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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.

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Company details

Statusactive
Typeprivate-limited-guarant-nsc
Incorporated2016-11-21
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

24 Lawrance Road
St Albans
AL3 6EA
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20

Officers (1 active · 0 resigned)

HUGHES, David Charles Hannon
director · ~50y · appointed 2016-11-21
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-20
accounts-with-accounts-type-dormant
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-21
accounts-with-accounts-type-dormant
accounts · AA
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
accounts-with-accounts-type-dormant
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-08
accounts-with-accounts-type-dormant
accounts · AA
2021-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-28
accounts-with-accounts-type-dormant
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-23
accounts-with-accounts-type-dormant
accounts · AA
2020-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04
accounts-with-accounts-type-dormant
accounts · AA
2019-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-28