198 VICTORIA ROAD LTD
Opportunity 72/100 (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
2 live charges · oldest 5.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 |
|---|---|
| Total assets | £-373.6k |
| Current assets | £1.24M |
| Cash | £308.1k |
| Debtors | £616.2k |
| Net assets | £-386.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2025-09-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-09-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-05-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-05-27📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-31📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-05-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-04-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-04-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-03-27📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2024-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-05-31📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-15🔒Charge registered #2Lender: Cynergy Bank Limited
- 2020-05-15🔒Charge registered #1Lender: Cynergy Bank Limited
- 2019-04-09🏢Company incorporatedAs 198 VICTORIA ROAD LTD
- 2019-04-09➕SMITH, Michael Daniel appointedsecretary
- 2019-04-09➕SMITH, Michael Daniel appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Whitesquare Investments 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 |
|---|---|---|---|---|
Whitesquare Investments Ltd Corporate entity | 75–100% | — | 75-100% shares | 01/06/2023 |
1 historic (ceased) PSC
- Michael Daniel Smithceased 01/06/2023· 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.
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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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 →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 | Cynergy Bank Cynergy Bank Limited | A registered charge | 1 property | 15/05/2020 | — | |
| outstanding | Cynergy Bank Cynergy Bank Limited | A registered charge | — | 15/05/2020 | — |