104 CAPITAL LIMITED

🏛️Establishedactive
10788633 · ltd · incorporated 2017-05-25
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£140.0k
book net assets
Opportunity
70/100
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
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.8y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 8.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
30 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
70/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £140,026

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£140k
↑ 6.2% YoY
Current Assets
£2k
↓ 55% YoY
Current Liabilities
£0£28k£56k£84k£112k£140kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£401.5k£404.4k
Current assets£1.6k£3.6k
Net assets£140.0k£131.9k

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 (25 events)Click to expand
  1. 2025-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-01-13
    🔓
    Charge satisfied #2
  6. 2022-10-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-10-10
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  8. 2022-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-09-17
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  11. 2020-04-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-01-31
    📄
    legacy
    miscellaneous · RPCH01
  13. 2019-11-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2019-11-12
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2019-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-02-13
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  17. 2018-10-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-01-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2018-01-05
    🔓
    Charge satisfied #1
  20. 2017-12-20
    🔒
    Charge registered #2
    Lender: Fleet Mortgages Limited
  21. 2017-08-15
    EWLES, James Robert appointed
    director
  22. 2017-07-31
    🔒
    Charge registered #1
    Lender: Brancaster House Limited
  23. 2017-05-25
    🏢
    Company incorporated
    As 104 CAPITAL LIMITED
  24. 2017-05-25
    CHILDERHOUSE, Steven appointed
    director
  25. 2017-05-25
    DURRELL, Tom appointed
    director

Owner dependency

50/100
Moderate — manageable with handover

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

Succession & seller-readiness

30/100
Weak signal

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

Red flags

1 med ·
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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Robert Ewles
Individual · British · DOB 04/1969 · age 57
2550%
25-50% shares10/11/2019

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

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
Incorporated2017-05-25
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

30 Cattle Market Street
Norwich
Norfolk
NR1 3DY
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-11
Last: 2025-10-28

Officers (3 active · 0 resigned)

CHILDERHOUSE, Steven
director · ~55y · appointed 2017-05-25
View their other companies + combined net worth →
Active
DURRELL, Tom
director · ~40y · appointed 2017-05-25
View their other companies + combined net worth →
Active
EWLES, James Robert
director · ~57y · appointed 2017-08-15
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property10/10/2022
satisfied
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property20/12/201713/01/2023
satisfied
Brancaster House
Brancaster House Limited
A registered charge1 property31/07/201705/01/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2020-09-17