1011 LTD

💤Zombieactive
12848045 · ltd · incorporated 2020-08-31
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 Aug 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 4.5y

5/100
under pressure

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

  • · Charge age ~4.5 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 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
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-31
Average employees200

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

🔒Filing-note intelligence

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

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 (29 events)Click to expand
  1. 2025-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-31
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  3. 2024-10-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-10-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-10-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-10-03
    🔓
    Charge satisfied #5
  7. 2024-10-03
    🔓
    Charge satisfied #4
  8. 2024-10-03
    🔓
    Charge satisfied #3
  9. 2024-08-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-08-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-07-31
    🔒
    Charge registered #7
    Lender: Together Commercial Finance Limited
  12. 2024-07-31
    🔒
    Charge registered #6
    Lender: Together Commercial Finance Limited
  13. 2024-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2022-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2022-07-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-07-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-07-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-07-14
    🔒
    Charge registered #5
    Lender: Lendhub Limited
  20. 2022-07-14
    🔒
    Charge registered #4
    Lender: Lendhub Limited
  21. 2022-07-14
    🔒
    Charge registered #3
    Lender: Lendhub Limited
  22. 2022-06-14
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2021-12-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2021-12-13
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  25. 2021-11-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2021-11-23
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  27. 2020-08-31
    🏢
    Company incorporated
    As 1011 LTD
  28. 2020-08-31
    KHAN, Kabir appointed
    director
  29. 2020-08-31
    📄
    incorporation-company
    incorporation · NEWINC

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 6 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 ·
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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kabir Khan
Individual · British · DOB 10/1978 · age 48
75100%
75-100% shares31/08/2020

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

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
Incorporated2020-08-31
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

12 Alma Street
Luton
LU1 2PL
England

Filing status

Accounts
Next due: 2026-05-30
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30

Officers (1 active · 0 resigned)

KHAN, Kabir
director · ~48y · appointed 2020-08-31
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
4
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties31/07/2024
outstanding
Together Money
Together Commercial Finance Limited
A registered charge3 properties31/07/2024
satisfied
Lendhub
Lendhub Limited
A registered charge2 properties14/07/202203/10/2024
satisfied
Lendhub
Lendhub Limited
A registered charge1 property14/07/202203/10/2024
satisfied
Lendhub
Lendhub Limited
A registered charge14/07/202203/10/2024
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property13/12/2021
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge23/11/2021
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
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
change-account-reference-date-company-current-shortened
accounts · AA01
2025-08-31
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-27