1HM LTD
🏛️Establishedactive
11038935 · ltd · incorporated 2017-10-30
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 Oct 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 69-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (60/100, director aged 69). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 8.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.4 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: medium (78/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-15🔒Charge registered #5Lender: Leeds Building Society
- 2025-08-15🔒Charge registered #4Lender: Leeds Building Society
- 2025-03-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-29📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-11-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-04-06🔒Charge registered #3Lender: Charter Court Financial Services Limited
- 2018-02-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-02-09🔒Charge registered #2Lender: Buckinghamshire Building Society
- 2018-01-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-01-12🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2017-10-30🏢Company incorporatedAs 1HM LTD
- 2017-10-30➕SPICELEY, J Dani'L appointeddirector
- 2017-10-30➕SPICELEY, Richard Lewis appointeddirector
- 2017-10-30📄incorporation-companyincorporation · NEWINC
Owner dependency
86/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard Lewis Spiceley Individual · British · DOB 02/1957 · age 69 | — | — | sig. influencesignificant influence | 30/10/2017 |
Mrs J Dani'L Spiceley Individual · American,British · DOB 09/1957 · age 69 | — | — | sig. influencesignificant influence | 30/10/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · PO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 HIGH STREET LAUNCESTON LIMITED→ 16090379 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 115 PROPERTY INVESTMENTS LIMITED→ 13231764 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 14NRM LTD→ 08150841 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 156 FINBOROUGH ROAD FREEHOLD LIMITED→ 04646215 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| 170 FAWCETT LTD→ 14310545 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 19 YORK ROAD LIMITED→ 03326761 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| 1ST LL PROJECTS LTD→ 16505257 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 216 PROPERTY LTD→ 13710517 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 22 MANOR MANAGEMENT LIMITED→ 12891557 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 24 NAPOLEON ROAD LIMITED→ 04815653 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 24 NELSON ROAD FREEHOLD LIMITED→ 09017642 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 24-27 GLEBE COURT LIMITED→ 07236761 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2017-10-30
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
15 Cawley Place
Chichester
West Sussex
PO19 1UZ
United Kingdom
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29
Officers (2 active · 0 resigned)
SPICELEY, J Dani'L→
Activedirector · ~69y · appointed 2017-10-30
View their other companies + combined net worth →
SPICELEY, Richard Lewis→
Activedirector · ~69y · appointed 2017-10-30
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Leeds Building Society | A registered charge | 1 property | 15/08/2025 | — | |
| outstanding | Leeds Building Society | A registered charge | 1 property | 15/08/2025 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 06/04/2018 | — | |
| outstanding | Buckinghamshire Building Society | A registered charge | 1 property | 09/02/2018 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 12/01/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (23 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
change-person-director-company-with-change-date
officers · CH01
2020-12-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-12-29