138 HOLDINGS LIMITED

🏛️Establishedactive
11109337 · ltd · incorporated 2017-12-13
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
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
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 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
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-09
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  3. 2025-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-02-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-04-25
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2019-03-26
    📄
    legacy
    capital · SH20
  11. 2019-03-26
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  12. 2019-03-26
    ⚠️
    legacy
    insolvency · CAP-SS
  13. 2019-03-26
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2018-06-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2018-04-10
    📄
    capital-allotment-shares
    capital · SH01
  16. 2018-04-06
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2017-12-13
    🏢
    Company incorporated
    As 138 HOLDINGS LIMITED
  18. 2017-12-13
    ➕
    JESSUP, Ian Roy appointed
    director
  19. 2017-12-13
    ➕
    JESSUP, Sara Louise appointed
    director
  20. 2017-12-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
Critical — business is the founder

The 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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

56/100
Strong succession signal

Multiple 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 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2019-03-26: legacy

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ian Roy Jessup
Individual · British · DOB 10/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting13/12/2017
1 historic (ceased) PSC
  • Mrs Sara Louise Jessupceased 05/06/2018· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2017-12-13
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

First Floor
677 High Road
London
N12 0DA
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-01
Last: 2025-06-17

Officers (2 active · 0 resigned)

JESSUP, Ian Roy→
director · ~69y · appointed 2017-12-13
View their other companies + combined net worth →
Active
JESSUP, Sara Louise→
director · ~54y · appointed 2017-12-13
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-02
change-account-reference-date-company-current-extended
accounts · AA01
2025-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-20