11&11 LIMITED
🏛️Establishedactive
12142160 · ltd · incorporated 2019-08-06
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£-20.9k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · oldest 4.9y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
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 102Negative net assets
Liabilities exceed assets by £20,892
Cash YoY
-35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
↓ 35% YoY
Net Worth
-£21k
↑ 6.9% YoY
Current Assets
£6k
↓ 20% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £81.8k | £80.3k |
| Current assets | £6.3k | £7.9k |
| Cash | £3.6k | £5.6k |
| Debtors | £2.7k | £2.3k |
| Net assets | £-20.9k | £-22.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-11-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-13📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-13📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-25🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2021-05-25🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2021-05-25🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2021-05-25🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2019-08-06🏢Company incorporatedAs 11&11 LIMITED
- 2019-08-06➕LEE, Ka Wing Kevin appointeddirector
- 2019-08-06➕WONG, Wing Sze appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ka Wing Kevin Lee Individual · Chinese · DOB 01/1978 · age 48 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/08/2019 |
Ms Wing Sze Wong Individual · Chinese · DOB 02/1983 · age 43 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/08/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 119 TAUNTON ROAD LIMITED→ 16045736 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 12 ST. LUKES ROAD MANAGEMENT LIMITED→ 01761026 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| 12-18 HILL STREET FREEHOLD LIMITED→ 04400154 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| 12-18 HILL STREET MANAGEMENT COMPANY LIMITED→ 04804982 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 121 TAUNTON ROAD LIMITED→ 16045891 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒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
Incorporated2019-08-06
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
C/O Property Accounts Limited
59 Castle Street
Reading
RG1 7SN
England
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 0 resigned)
LEE, Ka Wing Kevin→
Activedirector · ~48y · appointed 2019-08-06
View their other companies + combined net worth →
WONG, Wing Sze→
Activedirector · ~43y · appointed 2019-08-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 25/05/2021 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 25/05/2021 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 25/05/2021 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 25/05/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (34 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-18
change-person-director-company-with-change-date
officers · CH01
2024-05-22
change-person-director-company-with-change-date
officers · CH01
2024-05-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-28
change-person-director-company-with-change-date
officers · CH01
2022-10-13
change-person-director-company-with-change-date
officers · CH01
2022-10-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-13