71 NILE STREET LIMITED
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 7.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover 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 |
|---|---|---|
| Average employees | 100 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (27 events)Click to expand
- 2025-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-02-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-22📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-13📄resolutionresolution · RESOLUTIONS
- 2021-08-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-08-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-08-04🔓Charge satisfied #2
- 2021-08-04🔓Charge satisfied #1
- 2021-07-30🔒Charge registered #4Lender: Investec Bank PLC
- 2021-07-30🔒Charge registered #3Lender: Investec Bank PLC
- 2020-05-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-07📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-03-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-01🔒Charge registered #2Lender: Close Brothers Limited
- 2019-03-01🔒Charge registered #1Lender: Close Brothers Limited
- 2018-08-09🏢Company incorporatedAs 71 NILE STREET LIMITED
- 2018-08-09➕COOK, Sarah Jane appointedsecretary
- 2018-08-09➕PENKETHMAN, Michael James appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Little Venice Developments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Little Venice Developments Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 09/08/2018 |
Mr Michael James Penkethman Individual · British · DOB 08/1964 · age 62 | — | — | board controlboard control | 09/08/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Investec Bank Investec Bank PLC | A registered charge | — | 30/07/2021 | — | |
| outstanding | Investec Bank Investec Bank PLC | A registered charge | 1 property | 30/07/2021 | — | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 14 properties | 01/03/2019 | 04/08/2021 | |
| satisfied | Close Brothers Close Brothers Limited | A registered charge | 1 property | 01/03/2019 | 04/08/2021 |