12X3 ALDGATE LTD

🏛️Establishedactive
12813364 · ltd · incorporated 2020-08-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
year to Aug 2024
Net worth
£-15.4k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

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
Confirmed no charges registered
85
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
10 connected companies via shared directors
75
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £15,416
Cash YoY
-40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↓ 40% YoY
Net Worth
-£15k
↓ 245% YoY
Current Assets
£63k
↓ 20% YoY
Current Liabilities
-£15k£3k£22k£41k£60k£79kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£-15.4k£-4.5k
Current assets£62.8k£78.7k
Cash£20.6k£34.2k
Debtors£42.2k£44.4k
Net assets£-15.4k£-4.5k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-30
    📄
    memorandum-articles
    incorporation · MA
  3. 2025-01-30
    📄
    capital-allotment-shares
    capital · SH01
  4. 2025-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2025-01-29
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2025-01-29
    📄
    capital-alter-shares-subdivision
    capital · SH02
  8. 2024-05-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-05-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2022-08-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-03-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-08-14
    🏢
    Company incorporated
    As 12X3 ALDGATE LTD
  13. 2020-08-14
    MONTANARO, Frank Carlos appointed
    director
  14. 2020-08-14
    PICKARD, Ryan appointed
    director
  15. 2020-08-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material 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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Frank Carlos Montanaro
Individual · British · DOB 10/1963 · age 63
2550%
25–50%board control25-50% shares · 25-50% voting · board control14/08/2020
Mr Ryan Pickard
Individual · British · DOB 07/1986 · age 40
2550%
25–50%board control25-50% shares · 25-50% voting · board control14/08/2020

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

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
Incorporated2020-08-14
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

Solar House
282 Chase Road
London
N14 6NZ
United Kingdom

Filing status

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

Officers (2 active · 0 resigned)

MONTANARO, Frank Carlos
director · ~63y · appointed 2020-08-14
View their other companies + combined net worth →
Active
PICKARD, Ryan
director · ~40y · appointed 2020-08-14
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-30
memorandum-articles
incorporation · MA
2025-01-30
capital-allotment-shares
capital · SH01
2025-01-30
resolution
resolution · RESOLUTIONS
2025-01-29
resolution
resolution · RESOLUTIONS
2025-01-29
resolution
resolution · RESOLUTIONS
2025-01-29
capital-alter-shares-subdivision
capital · SH02
2025-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-15