24 MIDDLE ST LTD

💤Zombieactive
11468316 · ltd · incorporated 2018-07-17
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 Dec 2024
Net worth
£-249.8k
book net assets
Opportunity
73/100
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 property-backed borrower — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 66). 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

5 live charges · 3 lenders · oldest 7.8y

15/100
under pressure

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

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £249,800

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2k
Net Worth
-£250k
Current Assets
£4k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£505.6k
Current assets£3.6k
Cash£1.6k
Debtors£2.0k
Net assets£-249.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
3
filings
  • 2 officers
  • 1 address
Last 180 days
4
filings
  • 2 officers
  • 1 address
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-20
    ANDERSON MANN, Jennifer resigned
    director
  4. 2026-04-20
    FRIZZELL, Damian Mark resigned
    director
  5. 2026-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-02-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-06-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-11-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-01-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2022-12-31
    ANDERSON MANN, Jennifer appointed
    director
  15. 2022-12-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2022-12-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2022-12-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2022-12-14
    🔓
    Charge satisfied #4
  19. 2022-12-14
    🔓
    Charge satisfied #3
  20. 2022-12-14
    🔓
    Charge satisfied #2
  21. 2022-12-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2022-12-07
    🔒
    Charge registered #5
    Lender: Yorkshire Building Society
  23. 2022-10-20
    ANDERSON-MANN, Jennifer resigned
    director
  24. 2022-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-08-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2022-08-02
    🔒
    Charge registered #4
    Lender: Oaknorth Bank PLC (As Security Trustee)
  27. 2022-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2021-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  29. 2021-09-30
    📄
    memorandum-articles
    incorporation · MA
  30. 2021-09-30
    📄
    resolution
    resolution · RESOLUTIONS
  31. 2021-09-16
    🔒
    Charge registered #3
    Lender: Oaknorth Bank PLC (As Security Trustee)
  32. 2021-09-16
    🔒
    Charge registered #2
    Lender: Oaknorth Bank PLC (As Security Trustee)
  33. 2018-08-20
    SPENCER, Antony Ian appointed
    director
  34. 2018-08-20
    FRIZZELL, Damian Mark appointed
    director
  35. 2018-08-06
    🔒
    Charge registered #1
    Lender: Chartgold Limited
  36. 2018-07-17
    🏢
    Company incorporated
    As 24 MIDDLE ST LTD
  37. 2018-07-17
    ANDERSON-MANN, Jennifer appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ANDERSON MANN, Jennifer resigned 2026-04-20; FRIZZELL, Damian Mark resigned 2026-04-20

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

Smf Property (No.2) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Smf Property (No.2) Limited
Corporate parent · holds 75-100% shares
ultimate parent
24 MIDDLE ST LTD
This company · 11468316

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
Smf Property (No.2) Limited
Corporate entity
75100%
75-100% shares20/08/2018
1 historic (ceased) PSC
  • Ms Jennifer Anderson-Mannceased 20/08/2018· 75-100% shares

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

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 →
🔒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
Incorporated2018-07-17
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

10 Jacobs Well Mews
London
W1U 3DY
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-11
Last: 2025-08-28

Officers (1 active · 3 resigned)

SPENCER, Antony Ian
director · ~66y · appointed 2018-08-20
View their other companies + combined net worth →
Active
ANDERSON MANN, Jennifer
director · ~49y · appointed 2022-12-31 · resigned 2026-04-20
Resigned
ANDERSON-MANN, Jennifer
director · ~49y · appointed 2018-07-17 · resigned 2022-10-20
Resigned
FRIZZELL, Damian Mark
director · ~48y · appointed 2018-08-20 · resigned 2026-04-20
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Yorkshire Building Society
A registered charge1 property07/12/2022
satisfied
OakNorth
Oaknorth Bank PLC (As Security Trustee)
A registered charge1 property02/08/202214/12/2022
satisfied
OakNorth
Oaknorth Bank PLC (As Security Trustee)
A registered charge1 property16/09/202114/12/2022
satisfied
OakNorth
Oaknorth Bank PLC (As Security Trustee)
A registered charge1 property16/09/202114/12/2022
outstanding
Chartgold
Chartgold Limited
A registered charge1 property06/08/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (45 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
change-account-reference-date-company-previous-extended
accounts · AA01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
change-person-director-company-with-change-date
officers · CH01
2024-06-18
change-person-director-company-with-change-date
officers · CH01
2023-11-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-07
appoint-person-director-company-with-name-date
officers · AP01
2023-01-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-14