159 READING TE LIMITED
🏛️Establishedactive
11085691 · ltd · incorporated 2017-11-28
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 8.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2024
Net worth
—
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 8.3y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (84/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
55
Some acquirability indicators.
Risk profile
77
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 | 2024-06-30 | 2023-06-30 |
|---|---|---|
| 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
4 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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-10📄change-person-director-company-with-change-dateofficers · CH01
- 2022-11-03📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-02🔒Charge registered #4Lender: Db UK Bank Limited
- 2022-08-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-30🔓Charge satisfied #2
- 2022-08-30🔓Charge satisfied #1
- 2022-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2021-05-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-05-10🔓Charge satisfied #3
- 2021-04-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-17🔒Charge registered #3Lender: Db UK Bank Limited
- 2018-01-05🔒Charge registered #2Lender: Metro Bank PLC
- 2018-01-05🔒Charge registered #1Lender: Metro Bank PLC
- 2017-11-28🏢Company incorporatedAs 159 READING TE LIMITED
- 2017-11-28➕ALBERTI, Antony John David appointeddirector
- 2017-11-28➕PALOS, Brett Alexander appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Thackeray Estates Group 4 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Thackeray Estates Group 4 Limited
Corporate parent · holds 75-100% shares · board control
⬇
159 READING TE LIMITED
This company · 11085691
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Thackeray Estates Group 4 Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 10/10/2024 |
2 historic (ceased) PSCs
- Thsof1 Limitedceased 10/10/2024· 75-100% shares · 75-100% voting · board control
- Thackeray Estates Group Limitedceased 10/10/2024· 75-100% shares · 75-100% voting · board control
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 · Construction · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 FIRE PROTECTION LTD→ 12893742 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1 PARKERS HILL TPH LIMITED→ 13111720 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 100 GOLBORNE ROAD LIMITED→ 12083114 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 100 EFFECTS LTD→ 11762330 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 101 HIGH STREET WATFORD 2016 LIMITED→ 10037351 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 118 KENSINGTON PARK ROAD LIMITED→ 06893330 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 123 IDEAS LIMITED→ 15513408 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 123 SITE SOLUTIONS LTD→ 16118101 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 145 VICARAGE ROAD LIMITED→ 07842768 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 166 WESTBOURNE GROVE LIMITED→ 05851121 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 170 WESTBOURNE GROVE LIMITED→ 13079611 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 1711B LTD→ 13700213 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2017-11-28
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
2 Leman Street
London
E1W 9US
United Kingdom
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27
Officers (2 active · 0 resigned)
ALBERTI, Antony John David→
Activedirector · ~47y · appointed 2017-11-28
View their other companies + combined net worth →
PALOS, Brett Alexander→
Activedirector · ~52y · appointed 2017-11-28
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Db UK Bank Db UK Bank Limited | A registered charge | 4 properties | 02/09/2022 | — | |
| satisfied | Db UK Bank Db UK Bank Limited | A registered charge | 1 property | 17/10/2019 | 10/05/2021 | |
| satisfied | Metro Bank Metro Bank PLC | A registered charge | 10 properties | 05/01/2018 | 30/08/2022 | |
| satisfied | Metro Bank Metro Bank PLC | A registered charge | 3 properties | 05/01/2018 | 30/08/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (36 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-18
change-account-reference-date-company-current-shortened
accounts · AA01
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
change-person-director-company-with-change-date
officers · CH01
2022-11-10