SPACEWORKS PROPERTIES LIMITED

💤Zombieactive
11748966 · ltd · incorporated 2019-01-04
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 Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. 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 · 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: 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
0 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
75/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees6800

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
1
filing
  • • 1 persons-with-significant-control
Last 90 days
1
filing
  • • 1 persons-with-significant-control
Last 180 days
3
filings
  • • 1 persons-with-significant-control
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2026-07-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-08-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-08-29
    🔓
    Charge satisfied #4
  9. 2024-08-29
    🔓
    Charge satisfied #3
  10. 2024-08-29
    🔓
    Charge satisfied #2
  11. 2024-08-29
    🔓
    Charge satisfied #1
  12. 2024-07-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-11-28
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  14. 2023-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2023-06-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2023-06-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2023-04-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2023-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2023-04-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  21. 2022-01-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  22. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-11-29
    ➖
    DE LA MARE, Andre Paul resigned
    director
  25. 2019-11-29
    ➖
    ROGERS, Sharon resigned
    director
  26. 2019-11-29
    ➖
    FIRST DIRECTORS LIMITED resigned
    corporate-director
  27. 2019-11-29
    ➖
    SECOND DIRECTORS LIMITED resigned
    corporate-director
  28. 2019-11-27
    ➕
    GOLAN, Osnat appointed
    director
  29. 2019-07-29
    ➖
    LAVARELLO, Adaliz resigned
    director
  30. 2019-07-29
    ➕
    ROGERS, Sharon appointed
    director
  31. 2019-06-30
    ➕
    DE LA MARE, Andre Paul appointed
    director
  32. 2019-06-30
    ➖
    HARLOW, Stephen John resigned
    director
  33. 2019-03-04
    🔒
    Charge registered #4
    Lender: Investec Bank PLC
  34. 2019-03-04
    🔒
    Charge registered #3
    Lender: Investec Bank PLC
  35. 2019-03-04
    🔒
    Charge registered #2
    Lender: Investec Bank PLC
  36. 2019-03-04
    🔒
    Charge registered #1
    Lender: Investec Bank PLC
  37. 2019-01-04
    🏢
    Company incorporated
    As SPACEWORKS PROPERTIES LIMITED
  38. 2019-01-04
    ➕
    HARLOW, Stephen John appointed
    director
  39. 2019-01-04
    ➕
    LAVARELLO, Adaliz appointed
    director
  40. 2019-01-04
    ➕
    FIRST DIRECTORS LIMITED appointed
    corporate-director
  41. 2019-01-04
    ➖
    FIRST DIRECTORS LIMITED resigned
    corporate-director
  42. 2019-01-04
    ➕
    FIRST DIRECTORS LIMITED appointed
    corporate-director
  43. 2019-01-04
    ➕
    SECOND DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63. 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

1 med ·
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.

🔒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 →
🔒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
Incorporated2019-01-04
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Cp House
97-107 Uxbridge Road
London
Ealing
W5 5TL
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03

Officers (1 active · 7 resigned)

GOLAN, Osnat→
director · ~63y · appointed 2019-11-27
View their other companies + combined net worth →
Active
DE LA MARE, Andre Paul→
director · ~57y · appointed 2019-06-30 · resigned 2019-11-29
Resigned
HARLOW, Stephen John→
director · ~73y · appointed 2019-01-04 · resigned 2019-06-30
Resigned
LAVARELLO, Adaliz→
director · ~56y · appointed 2019-01-04 · resigned 2019-07-29
Resigned
ROGERS, Sharon→
director · ~56y · appointed 2019-07-29 · resigned 2019-11-29
Resigned
FIRST DIRECTORS LIMITED→
corporate-director · appointed 2019-01-04 · resigned 2019-01-04
Resigned
FIRST DIRECTORS LIMITED→
corporate-director · appointed 2019-01-04 · resigned 2019-11-29
Resigned
SECOND DIRECTORS LIMITED→
corporate-director · appointed 2019-01-04 · resigned 2019-11-29
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Investec Bank
Investec Bank PLC
A registered charge—04/03/201929/08/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge—04/03/201929/08/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge—04/03/201929/08/2024
satisfied
Investec Bank
Investec Bank PLC
A registered charge1 property04/03/201929/08/2024

Recent filings (45 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-15
change-account-reference-date-company-current-extended
accounts · AA01
2023-11-28
change-person-director-company-with-change-date
officers · CH01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-06-14