138A KHH LIMITED

💤Zombieactive
11653246 · ltd · incorporated 2018-10-31
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 Sept 2024
Net worth
£-7.3k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 71/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.3y

45/100
under pressure

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

  • · Oldest live charge is 7.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
77
Few red 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 £7,271
Cash YoY
+36%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 36% YoY
Net Worth
-£7k
↓ 117% YoY
Current Assets
£3k
↑ 86% YoY
Current Liabilities
-£7k-£5k-£3k-£1k£911£3kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£260.6k£264.5k
Current assets£3.0k£1.6k
Cash£2.9k£2.1k
Debtors£84£-516
Net assets£-7.3k£-3.4k

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
0
filings
Last 180 days
7
filings
  • 3 officers
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-13
    HEMSTED, Andrew Patrick John appointed
    director
  2. 2026-01-13
    HEMSTED, Roger resigned
    director
  3. 2026-01-13
    VANDERSTAY, Dominic resigned
    director
  4. 2026-01-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-01-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2026-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2026-01-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2026-01-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2026-01-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-11-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2022-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-09-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2021-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-06-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2020-10-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-01-18
    🔒
    Charge registered #1
    Lender: Charter Court Financial Services Limited
  21. 2018-10-31
    🏢
    Company incorporated
    As 138A KHH LIMITED
  22. 2018-10-31
    HEMSTED, Roger appointed
    director
  23. 2018-10-31
    VANDERSTAY, Dominic appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material 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 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 med ·
2 director resignations in last 12 months
medium

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

Evidence: HEMSTED, Roger resigned 2026-01-13; VANDERSTAY, Dominic resigned 2026-01-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Patrick John Hemsted
Individual · British · DOB 10/1973 · age 53
75100%
75-100% shares13/01/2026
1 historic (ceased) PSC
  • Mr Roger Hemstedceased 13/01/2026· 75-100% shares

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

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
Incorporated2018-10-31
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

199 Chingford Mount Road
London
E4 8LP
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (1 active · 2 resigned)

HEMSTED, Andrew Patrick John
director · ~53y · appointed 2026-01-13
View their other companies + combined net worth →
Active
HEMSTED, Roger
director · ~80y · appointed 2018-10-31 · resigned 2026-01-13
Resigned
VANDERSTAY, Dominic
director · ~52y · appointed 2018-10-31 · resigned 2026-01-13
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property18/01/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-14
termination-director-company-with-name-termination-date
officers · TM01
2026-01-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-13
termination-director-company-with-name-termination-date
officers · TM01
2026-01-13
appoint-person-director-company-with-name-date
officers · AP01
2026-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-26