10 SOUTHERN COURT LTD
Opportunity 71/100 (strong), bankability 67/100. 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
7 live charges · 6 lenders · oldest 7.4y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.4 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey 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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £2.01M | £1.96M |
| Current assets | £1.07M | £1.03M |
| Cash | £16.4k | £7.1k |
| Debtors | £1.06M | £1.03M |
| Net assets | £236.3k | £192.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2026-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-25📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-09-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-09-17🔓Charge satisfied #6
- 2020-09-17🔓Charge satisfied #5
- 2020-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-02🔒Charge registered #7Lender: Shawbrook Bank Limited
- 2019-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-31🔒Charge registered #6Lender: Lloyds Bank PLC
- 2019-10-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-25🔒Charge registered #5Lender: Lloyds Bank PLC
- 2019-09-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-09-20🔓Charge satisfied #4
- 2019-09-20🔓Charge satisfied #3
- 2019-09-20🔓Charge satisfied #2
- 2019-09-20🔓Charge satisfied #1
- 2019-06-20📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2018-12-14🔒Charge registered #4Lender: Steve Viney
- 2018-12-14🔒Charge registered #3Lender: Daniel Burke
- 2018-12-14🔒Charge registered #2Lender: Netcast Ventures Limited
- 2018-12-14🔒Charge registered #1Lender: Craig, Siham and Samira Sharples
- 2018-10-10🏢Company incorporatedAs 10 SOUTHERN COURT LTD
- 2018-10-10➕STURMER, Christopher Ralph appointeddirector
- 2018-10-10➕WALLWORK, Nicholas John appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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
Redbrick Capital Ltd 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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Redbrick Capital Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 10/10/2018 |
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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6 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 | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 02/09/2020 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 31/10/2019 | 17/09/2020 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 25/10/2019 | 17/09/2020 | |
| satisfied | Steve Viney | A registered charge | 1 property | 14/12/2018 | 20/09/2019 | |
| satisfied | Daniel Burke | A registered charge | 1 property | 14/12/2018 | 20/09/2019 | |
| satisfied | Netcast Ventures Netcast Ventures Limited | A registered charge | 1 property | 14/12/2018 | 20/09/2019 | |
| satisfied | Craig, Siham and Samira Sharples | A registered charge | 1 property | 14/12/2018 | 20/09/2019 |