456 PROPERTIES LTD

💤Zombieactive
11451696 · ltd · incorporated 2018-07-06
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
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Turnover
year to Jul 2025
Net worth
£92.4k
book net assets
Opportunity
69/100
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
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 57/100. 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. 4 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 · 4 lenders · oldest 6.9y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
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
Network not yet resolved
30
Filing history
27 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
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £92,387
Net assets shrinking
Down £730 YoY
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 96% YoY
Net Worth
£92k
~ YoY
Current Assets
£2k
↓ 96% YoY
Current Liabilities
£0£19k£37k£56k£74k£93kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£539.0k£377.7k
Current assets£2.4k£55.4k
Cash£2.4k£54.7k
Debtors£660
Net assets£92.4k£93.1k

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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-07-04
    🔒
    Charge registered #8
    Lender: Aldermore Bank PLC
  4. 2025-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-10-11
    🔒
    Charge registered #7
    Lender: The Mortgage Works (UK) PLC
  8. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-09-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2023-09-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-09-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2023-09-04
    🔒
    Charge registered #6
    Lender: The Mortgage Works (UK) PLC
  13. 2023-06-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2023-06-22
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  15. 2023-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-05-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-05-25
    🔒
    Charge registered #4
    Lender: The Mortgage Lender Limited
  19. 2021-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-09-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2020-09-24
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  22. 2020-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2020-07-29
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  24. 2020-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2019-07-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2019-07-19
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited Trading as Precise Mortgages
  27. 2018-07-06
    🏢
    Company incorporated
    As 456 PROPERTIES LTD
  28. 2018-07-06
    THOMSON, David Stuart appointed
    director

Owner dependency

80/100
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
  • +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 signal

Some 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 low
8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Stuart Thomson
Individual · British · DOB 01/1992 · age 34
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/07/2018

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

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
Incorporated2018-07-06
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

13a Duke Street
Southport
PR8 1LS
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10

Officers (1 active · 0 resigned)

THOMSON, David Stuart
director · ~34y · appointed 2018-07-06
View their other companies + combined net worth →
Active

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

Mortgages & charges

8
Total charges
8
Outstanding
4
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property04/07/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property11/10/2024
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property04/09/2023
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property22/06/2023
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property25/05/2021
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property24/09/2020
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property29/07/2020
outstanding
Precise Mortgages
Charter Court Financial Services Limited Trading as Precise Mortgages
A registered charge1 property19/07/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-04
change-person-director-company-with-change-date
officers · CH01
2023-09-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-11