15 CS LIMITED

🏛️Establishedactive
12941481 · ltd · incorporated 2020-10-09
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.
🔒Estimated value
Upgrade to see
Turnover
year to Oct 2024
Net worth
£-7.7k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 85/100. 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 · oldest 4.6y

35/100
under pressure

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

  • · Charge age ~4.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
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
6 connected companies via shared directors
63
Filing history
16 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £7,664
Cash YoY
-24%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£271
↓ 24% YoY
Net Worth
-£8k
↓ 713% YoY
Current Assets
£671
↓ 95% YoY
Current Liabilities
-£8k-£3k£1k£6k£10k£15kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-7.7k£-943
Current assets£671£14.5k
Cash£271£357
Debtors£400£14.2k
Net assets£-7.7k£-943

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 (18 events)Click to expand
  1. 2025-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2024-12-19
    🔓
    Charge satisfied #2
  4. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-08-17
    🔓
    Charge satisfied #1
  9. 2022-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-11-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-11-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2021-11-02
    🔒
    Charge registered #2
    Lender: Commercial Acceptances Limited
  13. 2021-11-02
    🔒
    Charge registered #1
    Lender: Commercial Acceptances Limited
  14. 2021-07-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-10-09
    🏢
    Company incorporated
    As 15 CS LIMITED
  16. 2020-10-09
    GRANT, Nicholas James appointed
    director
  17. 2020-10-09
    HARRIS, Richard Jonathan appointed
    director
  18. 2020-10-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
The O Properties Ltd
Corporate parent · holds 25-50% shares · board control
significant stake
🏛️
Beau Dev Ltd
Corporate parent · holds 25-50% shares · board control
significant stake
15 CS LIMITED
This company · 12941481

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
The O Properties Ltd
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control09/10/2020
Beau Dev Ltd
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control09/10/2020

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
Incorporated2020-10-09
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Spitalfields House
Stirling Way
Borehamwood
Herts
WD6 2FX

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-22
Last: 2025-10-08

Officers (2 active · 0 resigned)

GRANT, Nicholas James
director · ~43y · appointed 2020-10-09
View their other companies + combined net worth →
Active
HARRIS, Richard Jonathan
director · ~47y · appointed 2020-10-09
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Commercial Acceptances
Commercial Acceptances Limited
A registered charge1 property02/11/202119/12/2024
satisfied
Commercial Acceptances
Commercial Acceptances Limited
A registered charge1 property02/11/202117/08/2022

Recent filings (16 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
change-person-director-company-with-change-date
officers · CH01
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-01