123-125 MERTON ROAD DEVELOPMENT LIMITED
Opportunity 53/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.
Refinance opportunity
10 live charges · 5 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.
- · 5 lenders named — inter-creditor friction likely.
- · 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.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Key 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 | 2023-10-30 | 2022-10-30 |
|---|---|---|
| Average employees | 200 | 300 |
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 gazette
Corporate timeline (48 events)Click to expand
- 2025-11-22📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-09-23📄gazette-notice-compulsorygazette · GAZ1
- 2024-11-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-22➖BROWN, Jonathan David William resigneddirector
- 2024-11-18📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-14🔓Charge satisfied #10
- 2024-06-14🔓Charge satisfied #9
- 2024-06-14🔓Charge satisfied #8
- 2024-06-14🔓Charge satisfied #7
- 2024-03-27➖RINGART, Joe Lewis resigneddirector
- 2023-09-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2022-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2022-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-08🔓Charge satisfied #6
- 2022-09-08🔓Charge satisfied #5
- 2022-09-08🔓Charge satisfied #4
- 2022-09-08🔓Charge satisfied #3
- 2022-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-05🔒Charge registered #10Lender: United Trust Bank Limited
- 2022-09-05🔒Charge registered #9Lender: United Trust Bank Limited
- 2022-04-14🔓Charge satisfied #1
- 2021-04-19🔒Charge registered #8Lender: Clearwell Development Finance Two Limited
- 2021-04-19🔒Charge registered #7Lender: Clearwell Development Finance Two Limited
- 2021-03-16🔓Charge satisfied #2
- 2021-03-03🔒Charge registered #6Lender: Assetz Capital Trust Company Limited
- 2021-03-03🔒Charge registered #5Lender: Assetz Capital Trust Company Limited
- 2021-03-03🔒Charge registered #4Lender: Assetz Capital Trust Company Limited
- 2021-03-03🔒Charge registered #3Lender: Assetz Capital Trust Company Limited
- 2021-01-14➕BROWN, Jonathan David William appointeddirector
- 2019-11-20🔒Charge registered #2Lender: Paragon Development Finance Limited
- 2019-11-20🔒Charge registered #1Lender: Bh NO1 LLP
- 2019-10-10🏢Company incorporatedAs 123-125 MERTON ROAD DEVELOPMENT LIMITED
- 2019-10-10➕RUSSELL, David George appointeddirector
- 2019-10-10➕RINGART, Joe Lewis 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 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-07-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2025-11-27
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Gpf Lewis Developments Limited Corporate entity | 25–50% | — | 25-50% shares | 13/10/2019 |
Yogos Construction Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/10/2019 |
1 historic (ceased) PSC
- Gpf Lewis Developments Plcceased 13/11/2019· 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.
See pricing →Similar companies
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10 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 · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | United Trust Bank United Trust Bank Limited | A registered charge | 1 property | 05/09/2022 | 14/06/2024 | |
| satisfied | United Trust Bank United Trust Bank Limited | A registered charge | 2 properties | 05/09/2022 | 14/06/2024 | |
| satisfied | Clearwell Development Finance Two Clearwell Development Finance Two Limited | A registered charge | 2 properties | 19/04/2021 | 14/06/2024 | |
| satisfied | Clearwell Development Finance Two Clearwell Development Finance Two Limited | A registered charge | 2 properties | 19/04/2021 | 14/06/2024 | |
| satisfied | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | 2 properties | 03/03/2021 | 08/09/2022 | |
| satisfied | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | 1 property | 03/03/2021 | 08/09/2022 | |
| satisfied | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | — | 03/03/2021 | 08/09/2022 | |
| satisfied | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | 2 properties | 03/03/2021 | 08/09/2022 | |
| satisfied | Paragon Paragon Development Finance Limited | A registered charge | 2 properties | 20/11/2019 | 16/03/2021 | |
| satisfied | Bh NO1 Bh NO1 LLP | A registered charge | 3 properties | 20/11/2019 | 14/04/2022 |