24K PROPERTIES LTD
Opportunity 73/100 (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: share sale to pe / searcher (58/100).
Refinance opportunity
1 live charge · oldest 3.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.5 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 |
|---|---|
| Total assets | £616.4k |
| Current assets | £5.2k |
| Net assets | £616.4k |
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 accounts
- • 1 confirmation-statement
- • 2 accounts
- • 1 confirmation-statement
Corporate timeline (12 events)Click to expand
- 2026-03-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-12📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-30🔒Charge registered #1Lender: Michelle Brice-Adams
- 2021-12-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-02🏢Company incorporatedAs 24K PROPERTIES LTD
- 2020-03-02➕SMITH, Jeffrey appointeddirector
- 2020-03-02📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jeffrey Smith Individual · British · DOB 03/1983 · age 43 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/03/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 24TH AVENUE PROPERTIES LTD→ 15707059 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Michelle Brice-Adams | A registered charge | 1 property | 30/11/2022 | — |