ALLURE DEVELOPMENTS (DARLINGTON) LIMITED

🏛️Establishedactive
11260875 · ltd · incorporated 2018-03-16
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 Dec 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 68). 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

3 live charges · 3 lenders · oldest 8.1y

35/100
too messy

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

  • · Oldest live charge is 8.1 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 (81/100)

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
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
5 connected companies via shared directors
60
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
77
Few red flags.
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£74k£147k£221k£295k£369kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£27.8k
Current assets£368.6k
Net assets£27.8k
Average employees200

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2024-01-16
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  5. 2023-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-11-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-11-15
    🔒
    Charge registered #3
    Lender: Allure Estates Limited
  9. 2022-11-15
    🔓
    Charge satisfied #1
  10. 2022-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-07-01
    🔓
    Charge satisfied #2
  13. 2021-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-09-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2020-06-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2019-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-07-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2019-07-08
    🔒
    Charge registered #2
    Lender: Santander UK PLC
  19. 2018-06-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2018-05-29
    🔒
    Charge registered #1
    Lender: Allure Developments Limited
  21. 2018-03-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  22. 2018-03-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  23. 2018-03-16
    🏢
    Company incorporated
    As ALLURE DEVELOPMENTS (DARLINGTON) LIMITED
  24. 2018-03-16
    EVERITT, Karl James appointed
    director
  25. 2018-03-16
    EVERITT, Kevin Michael appointed
    director

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 68 — 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 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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.

Group structure

Allure Estates Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Allure Estates Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ALLURE DEVELOPMENTS (DARLINGTON) LIMITED
This company · 11260875

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%
NameSharesVoting rightsNature of controlNotified
Allure Estates Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/03/2018
1 historic (ceased) PSC
  • Allure Developments Limitedceased 28/03/2018· 75-100% shares · 75-100% voting

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

7 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
Incorporated2018-03-16
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Hackworth Industrial Park Byerley Road
Shildon
County Durham
DL4 1HF
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15

Officers (2 active · 0 resigned)

EVERITT, Karl James
director · ~42y · appointed 2018-03-16
View their other companies + combined net worth →
Active
EVERITT, Kevin Michael
director · ~68y · appointed 2018-03-16
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
Allure Estates
Allure Estates Limited
A registered charge1 property15/11/2022
satisfied
Santander
Santander UK PLC
A registered charge1 property08/07/201901/07/2022
satisfied
Allure Developments
Allure Developments Limited
A registered charge1 property29/05/201815/11/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-03-04
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-15
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-24
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-21