369 PROPERTIES LTD

💤Zombieactive
12313628 · ltd · incorporated 2019-11-13
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
£78.2k
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (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 6.1y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.1 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £78,217
Very low cash
Cash position: £-2865

Key financials

2 years extracted from filed iXBRL accounts
Cash
-£3k
↑ 18% YoY
Net Worth
£78k
↑ 192% YoY
Current Assets
Current Liabilities
-£3k£13k£29k£46k£62k£78kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Cash£-2.9k£-3.5k
Net assets£78.2k£26.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-05-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-05-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-05-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-05-20
    🔓
    Charge satisfied #2
  8. 2025-05-20
    🔓
    Charge satisfied #1
  9. 2025-05-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2025-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2025-03-10
    📄
    memorandum-articles
    incorporation · MA
  12. 2025-02-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-02-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2025-01-31
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  15. 2025-01-31
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  16. 2025-01-20
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2025-01-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2025-01-16
    🔒
    Charge registered #3
    Lender: Hampshire Trust Bank PLC
  19. 2024-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2023-09-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2023-09-22
    🔒
    Charge registered #2
    Lender: Keystone Property Finance Limited
  22. 2023-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2022-06-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  24. 2022-05-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  25. 2022-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-10-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  27. 2020-05-04
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  28. 2019-11-13
    🏢
    Company incorporated
    As 369 PROPERTIES LTD
  29. 2019-11-13
    ROBERTSON, Andrew James, Dr appointed
    director

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Robertson
Individual · British · DOB 10/1980 · age 46
75100%
75-100% shares13/11/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2019-11-13
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Nexus House
2 Cray Road
Sidcup
Kent
DA14 5DA
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-10-27
Last: 2025-10-13

Officers (1 active · 0 resigned)

ROBERTSON, Andrew James, Dr
director · ~46y · appointed 2019-11-13
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property31/01/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property31/01/2025
outstanding
Hampshire Trust Bank
Hampshire Trust Bank PLC
A registered charge2 properties16/01/2025
satisfied
Keystone Property Finance
Keystone Property Finance Limited
A registered charge1 property22/09/202320/05/2025
satisfied
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property04/05/202020/05/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-27
change-person-director-company-with-change-date
officers · CH01
2025-05-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-20
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-20
change-person-director-company-with-change-date
officers · CH01
2025-05-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-19
memorandum-articles
incorporation · MA
2025-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-05
resolution
resolution · RESOLUTIONS
2025-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-24