104 COMMERCIAL LIMITED
Opportunity 70/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 6.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (75/100)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.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 2 accounts
- • 1 confirmation-statement
Corporate timeline (28 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-05-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-01-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-09🔒Charge registered #5Lender: Brimo Capital LTD
- 2023-12-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-07-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-05🔓Charge satisfied #4
- 2023-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-25🔒Charge registered #4Lender: Icici Bank UK PLC
- 2022-10-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-08📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-11-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-11-02🔒Charge registered #3Lender: Redwood Bank Limited
- 2020-11-02🔓Charge satisfied #2
- 2020-11-02🔓Charge satisfied #1
- 2020-06-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-29🔒Charge registered #2Lender: Commercial Acceptances Limited
- 2019-11-29🔒Charge registered #1Lender: Commercial Acceptances Limited
- 2019-04-11🏢Company incorporatedAs 104 COMMERCIAL LIMITED
- 2019-04-11➕FRIEDMAN, Sydney 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 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Avivco Developments Limited 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 |
|---|---|---|---|---|
Avivco Developments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/04/2019 |
1 historic (ceased) PSC
- Mr Sydney Friedmanceased 19/04/2019· 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Property · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 07.02.2018 LIMITED→ 11194121 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 101 CALLANDER ESTATES LTD→ 13924832 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 101 FORTITUDE PROPERTIES LTD→ 13656861 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 102 GR LIMITED→ 12137053 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 103 MOUNT PLEASANT LANE FREEHOLD LTD→ 11919227 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 103 RENTALS LIMITED→ 12649222 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 103 SPRUCE HILLS ROAD LIMITED→ 09972808 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 106 A CHINGFORD MOUNT LTD→ 11602582 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 107 HIGH STREET WATFORD 2017 LIMITED→ 10623592 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 10770776 LTD.→ 10770776 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 108 TREDEGAR ROAD LIMITED→ 06033701 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| 11 DUNLACE ROAD RTM COMPANY LIMITED→ 11144898 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Brimo Capital Brimo Capital LTD | A registered charge | 1 property | 09/01/2024 | — | |
| satisfied | Icici Bank UK Icici Bank UK PLC | A registered charge | 1 property | 25/01/2023 | 05/07/2023 | |
| outstanding | Redwood Bank Redwood Bank Limited | A registered charge | 1 property | 02/11/2020 | — | |
| satisfied | Commercial Acceptances Commercial Acceptances Limited | A registered charge | 1 property | 29/11/2019 | 02/11/2020 | |
| satisfied | Commercial Acceptances Commercial Acceptances Limited | A registered charge | 1 property | 29/11/2019 | 02/11/2020 |