308 DEVELOPMENTS LTD
💤Zombieactive
11472537 · ltd · incorporated 2018-07-19
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
£189.6k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -97% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · oldest 7.5y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)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
4 officers (1 active, 4 linked, 3 with DOB)
85
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
30 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
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £189,608
Very low cash
Cash position: £17
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£17
↓ 97% YoY
Net Worth
£190k
↑ 3.0% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash | £17 | £523 |
| Net assets | £189.6k | £184.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
2
filings
- • 2 officers
Last 90 days
2
filings
- • 2 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-04-24➕WELLS, Ann Mary appointeddirector
- 2026-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-15➖WELLS, Stephen Christopher resigneddirector
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-29➖DORRILL, Mark resignedsecretary
- 2022-11-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-12➖GRAINGER, Mark Roger resigneddirector
- 2020-11-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-05🔓Charge satisfied #3
- 2020-04-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-07-22📄change-person-director-company-with-change-dateofficers · CH01
- 2019-03-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-26🔒Charge registered #3Lender: Lloyds Bank PLC
- 2018-11-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-11-29🔒Charge registered #2Lender: Lloyds Bank PLC
- 2018-11-29🔒Charge registered #1Lender: Lloyds Bank PLC
- 2018-07-19🏢Company incorporatedAs 308 DEVELOPMENTS LTD
- 2018-07-19➕DORRILL, Mark appointedsecretary
- 2018-07-19➕GRAINGER, Mark Roger appointeddirector
- 2018-07-19➕WELLS, Stephen Christopher appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Christopher Wells Individual · British · DOB 04/1967 · age 59 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 19/07/2018 |
1 historic (ceased) PSC
- Mr Mark Roger Graingerceased 12/08/2021· significant influence
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 · TA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1-5 RODNEY PLACE PRESINCT MANAGEMENT COMPANY LIMITED→ 05046081 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| 10.5 LIMITED→ 16168415 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 11 DURNFORD AVENUE MANAGEMENT LTD→ 12149390 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 114 REDLAND ROAD MANAGEMENT LIMITED→ 01816878 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| 13 GAY STREET (BATH) MANAGEMENT COMPANY LIMITED→ 04090617 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| 16 DELORME STREET LIMITED→ 04291457 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| 24.5 LIMITED→ 15953277 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 3 BEACHES SW LTD→ 16119438 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 3 THE CRESCENT LIMITED→ 10726278 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 41 WEST COKER ROAD MANAGEMENT COMPANY LIMITED→ 05750914 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| 4B INVESTMENT LTD→ 14915155 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 4UKHT LTD→ 14422225 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2018-07-19
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
The New Works
Roughmoor Industrial Estate
Williton
Somerset
TA4 4RF
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18
Officers (1 active · 3 resigned)
WELLS, Ann Mary→
Activedirector · ~40y · appointed 2026-04-24
View their other companies + combined net worth →
DORRILL, Mark→
Resignedsecretary · appointed 2018-07-19 · resigned 2022-11-29
GRAINGER, Mark Roger→
Resigneddirector · ~67y · appointed 2018-07-19 · resigned 2021-08-12
WELLS, Stephen Christopher→
Resigneddirector · ~59y · appointed 2018-07-19 · resigned 2026-04-15
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 26/03/2019 | 05/11/2020 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 29/11/2018 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 29/11/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (30 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-24
appoint-person-director-company-with-name-date
officers · AP01
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-18
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-17