123 HOMES LIMITED
⚰️Wound downreceivership
10565134 · ltd · incorporated 2017-01-16
Investment thesis
Company receivership — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-76.6k
book net assets
Opportunity
43/100
Watch
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 43/100 (watch), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (100/100). Current lenders should be on immediate intervention.
🏦
Refinance opportunity
19 live charges · 4 lenders · oldest 9.1y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
43/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
35
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £76,573
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£77k
↑ 54% YoY
Current Assets
£17k
↑ 534% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £286.4k | £347.2k |
| Current assets | £16.9k | £2.7k |
| Net assets | £-76.6k | £-166.6k |
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
4
filings
- • 4 insolvency
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
- 2025-11-26⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2025-11-26⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2025-11-26⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2025-11-26⚠️liquidation-receiver-appointment-of-receiverinsolvency · RM01
- 2025-10-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-08-07📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-07-22📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-06📍default-companies-house-service-address-applied-pscaddress · RP10
- 2025-06-06📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-06-06📍default-companies-house-registered-office-address-appliedaddress · RP05
- 2025-05-07📄legacymiscellaneous · ANNOTATION
- 2025-05-07📄legacymiscellaneous · ANNOTATION
- 2025-05-07📄legacymiscellaneous · ANNOTATION
- 2025-05-07📄legacymiscellaneous · ANNOTATION
- 2024-10-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-27🔒Charge registered #19Lender: Charles Alexander Finance Limited
- 2024-03-27🔒Charge registered #18Lender: Charles Alexander Finance Limited
- 2024-03-27🔒Charge registered #17Lender: Charles Alexander Finance Limited
- 2024-03-27🔒Charge registered #16Lender: Charles Alexander Finance Limited
- 2023-10-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-01-01➖KING, Nicholas Robert resigneddirector
- 2022-01-11🔓Charge satisfied #12
- 2022-01-11🔓Charge satisfied #7
- 2022-01-11🔓Charge satisfied #5
- 2022-01-11🔓Charge satisfied #4
- 2022-01-11🔓Charge satisfied #3
- 2022-01-11🔓Charge satisfied #2
- 2022-01-01➕THOMSON, Stephen Alistair appointeddirector
- 2019-10-23🔒Charge registered #15Lender: Onesavings Bank PLC Trading as Kent Reliance Bank Services, Kent Reliance and Krbs
- 2018-06-18🔓Charge satisfied #11
- 2018-06-18🔓Charge satisfied #10
- 2018-06-15🔒Charge registered #14Lender: Charles Alexander Finance Limited
- 2018-06-15🔒Charge registered #13Lender: Charles Alexander Finance Limited
- 2018-06-06🔒Charge registered #12Lender: Charles Alexander Finance Limited
- 2018-04-16🔒Charge registered #11Lender: Access Property Finance Limited
- 2018-04-04🔒Charge registered #10Lender: Access Property Finance Limited
- 2018-01-01➖COOPER, Paul resigneddirector
- 2017-11-08🔓Charge satisfied #1
- 2017-09-25🔒Charge registered #9Lender: Charles Alexander Finance LTD
- 2017-09-25🔒Charge registered #8Lender: Charles Alexander Finance Limited
- 2017-09-25🔒Charge registered #7Lender: Access Property Finance Limited
- 2017-09-25🔒Charge registered #6Lender: Charles Alexander Finance Limited
- 2017-09-25🔒Charge registered #5Lender: Access Property Finance Limited
- 2017-09-25🔒Charge registered #4Lender: Charles Alexander Finance Limited
Showing most recent 50 of 56 events
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high · 1 med · 2 lowCompany status: receivership
highCompany is in a formal insolvency or administration process. Treat accordingly.
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-11-26: liquidation-receiver-appointment-of-receiver; 2025-11-26: liquidation-receiver-appointment-of-receiver
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
10 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Alistair Thomson Individual · British · DOB 09/1958 · age 68 | 75–100% | — | 75-100% shares | 01/01/2023 |
1 historic (ceased) PSC
- Mr Nick Kingceased 01/01/2023· 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 →Similar companies
Active · Property · CF postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 110 FIDLAS ROAD MANAGEMENT COMPANY LIMITED→ 11713479 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 119C LTD→ 13222166 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 12-38 (EVENS) CAE ALAW GOCH RTM COMPANY LIMITED→ 13270046 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 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 | — | — |
| 160 LLANDAFF ROAD LIMITED→ 06440060 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| 18 SILVER STREET LTD→ 16379808 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 2-4 FS LTD→ 15732908 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 20 CAVENDISH RD LTD→ 11272515 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 2020 PROPERTY MANAGEMENT LIMITED→ 13052973 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 222 PROPERTY INVESTMENTS LTD→ 12589784 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
13 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
Statusreceivership
Typeltd
Incorporated2017-01-16
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
10565134 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-11
Last: 2025-08-28
Officers (1 active · 2 resigned)
THOMSON, Stephen Alistair→
Activedirector · ~68y · appointed 2022-01-01
View their other companies + combined net worth →
COOPER, Paul→
Resigneddirector · ~54y · appointed 2017-07-25 · resigned 2018-01-01
KING, Nicholas Robert→
Resigneddirector · ~53y · appointed 2017-01-16 · resigned 2023-01-01
Click a director name to see their full track record across all companies.
Mortgages & charges
19
Total charges
10
Outstanding
2
Active lenders
Status:Lender:19 of 19 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 27/03/2024 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 27/03/2024 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 27/03/2024 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 27/03/2024 | — | |
| outstanding | Kent Reliance / OSB Onesavings Bank PLC Trading as Kent Reliance Bank Services, Kent Reliance and Krbs | A registered charge | 1 property | 23/10/2019 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 15/06/2018 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 15/06/2018 | — | |
| satisfied | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 2 properties | 06/06/2018 | 11/01/2022 | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 2 properties | 16/04/2018 | 18/06/2018 | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 2 properties | 04/04/2018 | 18/06/2018 | |
| outstanding | Charles Alexander Finance Charles Alexander Finance LTD | A registered charge | 2 properties | 25/09/2017 | — | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 25/09/2017 | — | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 1 property | 25/09/2017 | 11/01/2022 | |
| outstanding | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 25/09/2017 | — | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 1 property | 25/09/2017 | 11/01/2022 | |
| satisfied | Charles Alexander Finance Charles Alexander Finance Limited | A registered charge | 1 property | 25/09/2017 | 11/01/2022 | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 1 property | 25/09/2017 | 11/01/2022 | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | 1 property | 25/09/2017 | 11/01/2022 | |
| satisfied | Access Property Finance Access Property Finance Limited | A registered charge | — | 24/03/2017 | 08/11/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2025-11-26
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2025-11-26
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2025-11-26
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2025-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-12
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-08-07
gazette-notice-compulsory
gazette · GAZ1
2025-07-22
default-companies-house-service-address-applied-psc
address · RP10
2025-06-06
default-companies-house-service-address-applied-officer
address · RP09
2025-06-06
default-companies-house-registered-office-address-applied
address · RP05
2025-06-06
legacy
miscellaneous · ANNOTATION
2025-05-07
legacy
miscellaneous · ANNOTATION
2025-05-07
legacy
miscellaneous · ANNOTATION
2025-05-07
legacy
miscellaneous · ANNOTATION
2025-05-07