ELSWICK ESTATES LTD

💤Zombieactive
11838642 · ltd · incorporated 2019-02-20
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
£233.2k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (60/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 6.9y

15/100
under pressure

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

  • · Oldest live charge is 6.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
20 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
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £233,184
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£245k
↓ 53% YoY
Net Worth
£233k
↑ 6.3% YoY
Current Assets
£786k
~ YoY
Current Liabilities
£0£157k£314k£472k£629k£786kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£814.2k£800.4k
Current assets£786.0k£778.6k
Cash£245.5k£518.1k
Debtors£540.5k£260.5k
Net assets£233.2k£219.3k

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-06-28
    🔒
    Charge registered #5
    Lender: Lendinvest Btl Limited
  7. 2022-02-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-02-21
    🔒
    Charge registered #4
    Lender: Lendinvest Btl Limited
  9. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-01-21
    🔒
    Charge registered #3
    Lender: Kensington Mortgage Company Limited
  13. 2019-12-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2019-12-17
    🔒
    Charge registered #2
    Lender: Onesavings Bank PLC
  15. 2019-08-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-08-29
    🔒
    Charge registered #1
    Lender: Onesavings Bank PLC T/a Kent Reliance
  17. 2019-07-18
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  18. 2019-02-20
    🏢
    Company incorporated
    As ELSWICK ESTATES LTD
  19. 2019-02-20
    ADLER, Marc appointed
    director
  20. 2019-02-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Marc Adler
Individual · British · DOB 03/1955 · age 71
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/02/2019

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 →

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11219717 · est 2018 · no financials extracted
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20 GRUNEISEN ROAD MANAGEMENT COMPANY LTD
11662343 · est 2018 · no financials extracted
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20 STRATFORD ESTATES LTD
15440435 · est 2024 · no financials extracted
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02372994 · est 1989 · no financials extracted
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2019-02-20
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

23a Lampard Grove
London
N16 6XA
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (1 active · 0 resigned)

ADLER, Marc
director · ~71y · appointed 2019-02-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property28/06/2022
outstanding
LendInvest
Lendinvest Btl Limited
A registered charge1 property21/02/2022
outstanding
Kensington Mortgage Company
Kensington Mortgage Company Limited
A registered charge1 property21/01/2020
outstanding
Onesavings Bank
Onesavings Bank PLC
A registered charge1 property17/12/2019
outstanding
Kent Reliance / OSB
Onesavings Bank PLC T/a Kent Reliance
A registered charge1 property29/08/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-20