42 LETTINGS LIMITED
🏛️Establishedactive
12314455 · ltd · incorporated 2019-11-14
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 3.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-56.3k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 3.6y
60/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Charge age ~3.6 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
2 charges (2/2 with lender, 2/2 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
2 connected companies via shared directors
51
Filing history
22 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 £56,290
Cash YoY
+69400%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↑ 69400% YoY
Net Worth
-£56k
↓ 3.1% YoY
Current Assets
£3k
↑ 182% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £307.9k | £289.0k |
| Current assets | £2.7k | £951 |
| Cash | £2.1k | £3 |
| Debtors | £597 | £948 |
| Net assets | £-56.3k | £-54.6k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-06🔒Charge registered #2Lender: Onesavings Bank PLC
- 2025-01-23📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-28🔒Charge registered #1Lender: Chl Mortgages for Intermediaries Limited
- 2022-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-11-14🏢Company incorporatedAs 42 LETTINGS LIMITED
- 2019-11-14➕BROWN, Conrad Anthony Stanhope appointeddirector
- 2019-11-14➕BROWN, Maximilian Geoffrey James appointeddirector
- 2019-11-14📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +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 Conrad Anthony Stanhope Brown Individual · British · DOB 12/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 14/11/2019 |
Mr Maximilian Brown Individual · British · DOB 07/1986 · age 40 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 14/11/2019 |
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 →Similar companies
Active · Property · HG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 16 FAWCETT STREET MANAGEMENT COMPANY LIMITED→ 04959118 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 21 VICTORIA AVENUE HARROGATE LIMITED→ 11797567 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 28 LOWER SLOANE STREET LIMITED→ 05428582 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 29 PARK DRIVE LIMITED→ 15362591 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 3D PROPERTY & DEVELOPMENTS LTD→ 12761015 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A & J HOLMES (INVESTMENTS) LIMITED→ 13510089 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| A FOSTER PROPERTIES LIMITED→ 07363278 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| AB&J PROPERTIES LTD→ 12833187 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABACUS DIRECT PROPERTIES LIMITED→ 10135038 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABBEY WHARFE (SELBY) MANAGEMENT COMPANY LIMITED→ 05593046 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ABBEY WINDOWS SYSTEMS LIMITED→ 04531510 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ABBEY WORKS LIMITED→ 07715707 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2019-11-14
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
12 Fulwith Grove
Harrogate
HG2 8HN
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13
Officers (2 active · 0 resigned)
BROWN, Conrad Anthony Stanhope→
Activedirector · ~38y · appointed 2019-11-14
View their other companies + combined net worth →
BROWN, Maximilian Geoffrey James→
Activedirector · ~40y · appointed 2019-11-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 06/03/2025 | — | |
| outstanding | Chl Mortgages for Intermediaries Chl Mortgages for Intermediaries Limited | A registered charge | 1 property | 28/09/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (22 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-13
change-person-director-company-with-change-date
officers · CH01
2025-01-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-15
change-person-director-company-with-change-date
officers · CH01
2024-11-15
change-person-director-company-with-change-date
officers · CH01
2024-11-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14