10 SP LIMITED
💤Zombieactive
11277106 · ltd · incorporated 2018-03-27
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
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£657
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
8 live charges · 5 lenders · oldest 7.6y
15/100
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.
- · 5 lenders named — inter-creditor friction likely.
- · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £657
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£657
~ YoY
Current Assets
£12k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £657 | £657 |
| Current assets | £11.9k | £11.9k |
| Net assets | £657 | £657 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
2
filings
- • 1 address
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 address
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 address
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-04-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-16🔓Charge satisfied #8
- 2025-10-16🔓Charge satisfied #7
- 2025-10-16🔓Charge satisfied #4
- 2025-10-16🔓Charge satisfied #3
- 2024-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-22🔓Charge satisfied #6
- 2023-03-22🔓Charge satisfied #5
- 2023-03-21🔒Charge registered #8Lender: Frank Khalastchi
- 2023-03-21🔒Charge registered #7Lender: Frank Khalascthi
- 2023-02-23📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-01-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-16🔒Charge registered #6Lender: Tuscan Capital Limited
- 2021-09-16🔒Charge registered #5Lender: Tuscan Capital Limited
- 2021-09-01🔓Charge satisfied #2
- 2019-07-12🔒Charge registered #4Lender: Bridgeco Limited
- 2019-07-12🔒Charge registered #3Lender: Bridgeco Limited
- 2018-10-30🔒Charge registered #2Lender: Tar Asset Management Limited
- 2018-10-11🔓Charge satisfied #1
- 2018-09-07🔒Charge registered #1Lender: Tar Asset Management Limited
- 2018-03-27🏢Company incorporatedAs 10 SP LIMITED
- 2018-03-27➕SMITH, Timothy John appointeddirector
Owner dependency
80/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
45/100
Moderate signalSome 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
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.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Timothy John Smith Individual · British · DOB 02/1987 · age 39 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 27/03/2018 |
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 · Property · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 APEX WAY LTD→ 12132717 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 11 PARK PLACE (LEEDS) LTD→ 16031203 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 116 CARDIGAN ROAD LIMITED→ 09115358 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 13 BEACH LAWN LTD→ 13857462 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 140 OTLEY ROAD RESIDENTS ASSOCIATION LIMITED→ 04206603 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| 1822 PROPERTIES LIMITED→ 16326619 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1876 PROPERTIES LTD→ 16305272 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1905 PROPERTY LTD→ 15823005 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1997 INVESTMENTS LTD→ 16175480 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 19WS LTD→ 14759481 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 1AU SERVICES LTD→ 14950946 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1ST BRICK&STONE SERVICES LTD→ 16691874 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2018-03-27
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Spring Valley Works 111 Bagley Lane
Rodley
Leeds
LS13 1FJ
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26
Officers (1 active · 0 resigned)
SMITH, Timothy John→
Activedirector · ~39y · appointed 2018-03-27
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Frank Khalastchi / Waltara Frank Khalastchi / Waltara Limited | A registered charge | 1 property | 21/03/2023 | 16/10/2025 | |
| satisfied | Frank Khalascthi / Waltara Frank Khalascthi / Waltara Limited | A registered charge | 1 property | 21/03/2023 | 16/10/2025 | |
| satisfied | Tuscan Capital Tuscan Capital Limited | A registered charge | 1 property | 16/09/2021 | 22/03/2023 | |
| satisfied | Tuscan Capital Tuscan Capital Limited | A registered charge | 1 property | 16/09/2021 | 22/03/2023 | |
| satisfied | Bridgeco Bridgeco Limited | A registered charge | 1 property | 12/07/2019 | 16/10/2025 | |
| satisfied | Bridgeco Bridgeco Limited | A registered charge | 1 property | 12/07/2019 | 16/10/2025 | |
| satisfied | Tar Asset Management Tar Asset Management Limited | A registered charge | 1 property | 30/10/2018 | 01/09/2021 | |
| satisfied | Tar Asset Management Tar Asset Management Limited | A registered charge | 4 properties | 07/09/2018 | 11/10/2018 |
Recent filings (40 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-24
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-22
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-22