1LETA LIMITED

💤Zombieactive
11019060 · ltd · incorporated 2017-10-18
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
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Turnover
year to Mar 2023
Net worth
book net assets
Opportunity
48/100
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 35/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 7.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 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
5 connected companies via shared directors
60
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
35
Multiple red flags — proceed with caution.
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£0Mar 2022Mar 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-03-312022-03-31

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

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-10-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-08-26
    📍
    default-companies-house-service-address-applied-psc
    address · RP10
  3. 2025-08-26
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  4. 2023-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-07-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2021-07-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2021-07-02
    🔒
    Charge registered #7
    Lender: Together Commercial Finance Limited
  10. 2021-07-02
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited
  11. 2021-04-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2021-04-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2021-04-08
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  14. 2021-04-08
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  15. 2021-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-10-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-04-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2020-04-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2020-04-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-04-30
    🔓
    Charge satisfied #2
  21. 2020-04-30
    🔓
    Charge satisfied #1
  22. 2020-04-28
    🔒
    Charge registered #3
    Lender: The Mortgage Lender Limited
  23. 2019-07-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  24. 2018-11-23
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  25. 2018-10-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2018-10-05
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  27. 2018-10-05
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  28. 2018-05-08
    KESIRO, Anne resigned
    director
  29. 2018-04-19
    KESIRO, Anne appointed
    director
  30. 2018-03-12
    OGUNO, Emmanuel Michael appointed
    director
  31. 2018-03-12
    THOMPSON, Etim resigned
    director
  32. 2017-10-18
    🏢
    Company incorporated
    As 1LETA LIMITED
  33. 2017-10-18
    THOMPSON, Etim appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

2 high · 1 med · 2 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-03-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-10-09

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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Emmanuel Michael Oguno
Individual · British · DOB 03/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control14/04/2018
1 historic (ceased) PSC
  • Mr Etim Thompsonceased 14/04/2018· 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

11 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
Incorporated2017-10-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

11019060 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 2025-03-31OVERDUE
Last made up to: 2023-03-31
Confirmation statement
Next due: 2025-10-09OVERDUE
Last: 2024-09-25

Officers (1 active · 2 resigned)

OGUNO, Emmanuel Michael
director · ~48y · appointed 2018-03-12
View their other companies + combined net worth →
Active
KESIRO, Anne
director · ~47y · appointed 2018-04-19 · resigned 2018-05-08
Resigned
THOMPSON, Etim
director · ~51y · appointed 2017-10-18 · resigned 2018-03-12
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property02/07/2021
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property02/07/2021
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property08/04/2021
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property08/04/2021
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property28/04/2020
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property05/10/201830/04/2020
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property05/10/201830/04/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

change-person-director-company-with-change-date
officers · CH01
2025-10-09
default-companies-house-service-address-applied-psc
address · RP10
2025-08-26
default-companies-house-registered-office-address-applied
address · RP05
2025-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-10