ADURNI WEST LIMITED
- 68209Other letting and operating of own or leased real estate
Opportunity 69/100 (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
5 live charges · 3 lenders · oldest 5.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Average employees | 100 | 100 |
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 accounts
Corporate timeline (18 events)Click to expand
- 2026-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-27🔒Charge registered #5Lender: Shawbrook Bank Limited
- 2023-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-28🔒Charge registered #4Lender: Stichting Max Crowdfund Security Trustee Foundation
- 2022-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-22🔒Charge registered #2Lender: Shawbrook Bank Limited
- 2022-12-20🔒Charge registered #3Lender: Stichting Max Crowdfund Security Trustee Foundation
- 2022-06-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-01🔒Charge registered #1Lender: Arbuthnot Specialist Finance Limited (11103603)
- 2020-09-18🏢Company incorporatedAs ADURNI WEST LIMITED
- 2020-09-18➕HETREED, Luke David appointeddirector
- 2020-09-18📄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
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Luke Hetreed Individual · British · DOB 04/1969 · age 57 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/09/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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8 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 | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 27/11/2023 | — | |
| outstanding | Stichting Max Crowdfund Security Trustee Foundation | A registered charge | 1 property | 28/12/2022 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 22/12/2022 | — | |
| outstanding | Stichting Max Crowdfund Security Trustee Foundation | A registered charge | — | 20/12/2022 | — | |
| outstanding | Arbuthnot Specialist Finance (11103603) Arbuthnot Specialist Finance Limited (11103603) | A registered charge | 1 property | 01/06/2021 | — |