128NOR LTD
Opportunity 69/100 (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 6.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £47.0k | — |
| Cash | £2.1k | — |
| Net assets | £-23.4k | — |
| Average employees | — | 200 |
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
- • 4 officers
- • 3 persons-with-significant-control
- • 1 change-of-name
Corporate timeline (29 events)Click to expand
- 2026-02-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-16➖SHANKS, Robert Wallace resigneddirector
- 2026-01-09✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2026-01-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-01-09📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-01➖SHANKS, Philippa Caroline Jane resigneddirector
- 2025-12-19➕LYON, Clayton William appointeddirector
- 2025-12-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-24➕SHANKS, Philippa Caroline Jane appointeddirector
- 2022-02-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-07➖SHANKS, Philippa Caroline Jane resigneddirector
- 2019-12-20🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2019-11-11🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2019-10-07🏢Company incorporatedAs 128NOR LTD
- 2019-10-07➕SHANKS, Philippa Caroline Jane appointeddirector
- 2019-10-07➕SHANKS, Robert Wallace appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
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
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: SHANKS, Philippa Caroline Jane resigned 2026-01-01; SHANKS, Robert Wallace resigned 2026-02-16
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-01-09: certificate-change-of-name-company
Group structure
Lyon 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 |
|---|---|---|---|---|
Lyon Investments Ltd Corporate entity | 75–100% | — | 75-100% shares | 01/01/2026 |
3 historic (ceased) PSCs
- Mrs Philippa Caroline Jane Shanksceased 01/01/2026· 25-50% shares · 25-50% voting
- Robert Wallace Shanksceased 01/01/2026· 50-75% shares · 50-75% voting · board control
- Mrs Philippa Caroline Jane Shanksceased 07/02/2022· 25-50% shares · 25-50% voting
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.
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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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 20/12/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 11/11/2019 | — |