TRUE CARDIFF LTD

🏛️Establishedactive
10503462 · ltd · incorporated 2016-11-30
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£228.8k
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: high (82/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £228,779

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£229k
↑ 188% YoY
Current Assets
£267k
↑ 17% YoY
Current Liabilities
£0£53k£107k£160k£214k£267kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£232.1k£108.1k
Current assets£267.4k£228.1k
Net assets£228.8k£79.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-04-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-04-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-04-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2023-02-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-02-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-01-10
    HUGHES, Gethin John Williams appointed
    director
  12. 2022-08-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-07-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2022-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-12-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2020-11-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2020-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2016-11-30
    🏢
    Company incorporated
    As TRUE CARDIFF LTD
  20. 2016-11-30
    LARSEN, Gwion Tudur appointed
    secretary
  21. 2016-11-30
    LARSEN, Gwion Tudur appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

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

Group structure

2g Developments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
2g Developments Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
TRUE CARDIFF LTD
This company · 10503462

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
2g Developments Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/12/2025
Mr Gwion Tudur Larsen
Individual · Welsh · DOB 08/1989 · age 37
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/11/2016

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 · Property · CF postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
121 PROPERTY SOLUTIONS SW LTD
15252396 · est 2023 · no financials extracted
2y
123 PROPERTY AND BUILDING CONSULTANCY LTD
15106245 · est 2023 · no financials extracted
2y
13 ONE 13 LIMITED
09995730 · est 2016 · no financials extracted
10y
2-4 FS LTD
15732908 · est 2024 · no financials extracted
1y
227 QTR LTD
07043380 · est 2009 · no financials extracted
16y
2341CHURCH LIMITED
14116105 · est 2022 · no financials extracted
3y
25 GAINSBOROUGH LIMITED
15804376 · est 2024 · no financials extracted
1y
26 CONWAY ROAD MANAGEMENT COMPANY LTD
11725543 · est 2018 · no financials extracted
7y
26TH APRIL (UK) LIMITED
03783950 · est 1999 · no financials extracted
26y
28 CREFFIELD ROAD LIMITED
08460149 · est 2013 · no financials extracted
13y
28 DS LIMITED
13627506 · est 2021 · no financials extracted
4y
3 PEN CEI LIMITED
12491555 · est 2020 · no financials extracted
6y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2016-11-30
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Unit 44 Portmanmoor Road Industrial Estate
Cardiff
CF24 5HB
Wales

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-24
Last: 2025-11-10

Officers (3 active · 0 resigned)

LARSEN, Gwion Tudur
secretary · appointed 2016-11-30
View their other companies + combined net worth →
Active
HUGHES, Gethin John Williams
director · ~37y · appointed 2023-01-10
View their other companies + combined net worth →
Active
LARSEN, Gwion Tudur
director · ~37y · appointed 2016-11-30
View their other companies + combined net worth →
Active

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

Recent filings (39 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
change-person-director-company-with-change-date
officers · CH01
2025-04-09
change-person-director-company-with-change-date
officers · CH01
2025-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-04-20
change-person-director-company-with-change-date
officers · CH01
2023-02-06
appoint-person-director-company-with-name-date
officers · AP01
2023-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-18