ALTIORA RECRUITMENT EUROPE LIMITED

🏛️Establishedactive
11898059 · ltd · incorporated 2019-03-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-1.7k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -65% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 6.8y

45/100
under pressure

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

  • · Oldest live charge is 6.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (84/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £1,682
Cash draining
Cash down 65% YoY
Cash YoY
-65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£13k
↓ 65% YoY
Net Worth
-£2k
↓ 7.1% YoY
Current Assets
£44k
↓ 33% YoY
Current Liabilities
-£2k£12k£25k£39k£52k£66kDec 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£-1.7k£-1.6k
Current assets£44.0k£65.8k
Cash£12.8k£37.0k
Debtors£31.2k£28.8k
Net assets£-1.7k£-1.6k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-06-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2022-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-03-10
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2019-09-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-09-05
    🔒
    Charge registered #1
    Lender: Lloyds Bank Commercial Finance LTD
  17. 2019-07-19
    CURTIS, Joseph appointed
    director
  18. 2019-07-19
    RAWSTRON, Charles appointed
    director
  19. 2019-07-19
    SELLERS, Andrew James appointed
    director
  20. 2019-07-19
    DAVID, Joseph James resigned
    director
  21. 2019-07-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2019-07-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  23. 2019-07-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2019-03-22
    🏢
    Company incorporated
    As ALTIORA RECRUITMENT EUROPE LIMITED
  25. 2019-03-22
    DAVID, Joseph James appointed
    director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

11 Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
11 Investments Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ALTIORA RECRUITMENT EUROPE LIMITED
This company · 11898059

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%
NameSharesVoting rightsNature of controlNotified
11 Investments Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control19/07/2019
1 historic (ceased) PSC
  • Mr Joseph Davidceased 19/07/2019· 75-100% shares · 75-100% voting · board control

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2019-03-22
Jurisdictionengland-wales
Primary SIC78109 — Other activities of employment placement agencies

Registered office

Formal House
60 St. Georges Place
Cheltenham
Gloucestershire
GL50 3PN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-12
Last: 2025-05-29

Officers (3 active · 1 resigned)

CURTIS, Joseph
director · ~43y · appointed 2019-07-19
View their other companies + combined net worth →
Active
RAWSTRON, Charles
director · ~42y · appointed 2019-07-19
View their other companies + combined net worth →
Active
SELLERS, Andrew James
director · ~38y · appointed 2019-07-19
View their other companies + combined net worth →
Active
DAVID, Joseph James
director · ~39y · appointed 2019-03-22 · resigned 2019-07-19
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
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge05/09/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-03
change-person-director-company-with-change-date
officers · CH01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-10
change-person-director-company-with-change-date
officers · CH01
2024-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-02
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-25
change-person-director-company-with-change-date
officers · CH01
2022-07-25
change-person-director-company-with-change-date
officers · CH01
2022-07-25
change-person-director-company-with-change-date
officers · CH01
2022-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-13