11 LISTON LTD

💤Zombieactive
13000168 · ltd · incorporated 2020-11-05
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 Nov 2024
Net worth
£8.2k
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 70/100 (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

6 live charges · oldest 4.8y

35/100
under pressure

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

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
6 charges (6/6 with lender, 6/6 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
5 connected companies via shared directors
60
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £8,195

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£8k
↑ 252% YoY
Current Assets
£11k
↓ 6.4% YoY
Current Liabilities
£0£2k£5k£7k£9k£12kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-11-302023-11-30
Total assets£892.4k£886.5k
Current assets£11.1k£11.8k
Net assets£8.2k£2.3k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2021-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2021-07-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-07-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-07-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2021-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-07-05
    🔓
    Charge satisfied #2
  12. 2021-07-05
    🔓
    Charge satisfied #1
  13. 2021-07-05
    🔓
    Charge satisfied #3
  14. 2021-06-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-06-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-06-30
    🔒
    Charge registered #5
    Lender: Landbay Partners Limited
  17. 2021-06-30
    🔒
    Charge registered #4
    Lender: Landbay Partners Limited
  18. 2021-06-30
    🔒
    Charge registered #2
    Lender: Landbay Partners Limited
  19. 2021-06-30
    🔒
    Charge registered #1
    Lender: Landbay Partners Limited
  20. 2021-06-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2021-06-29
    🔒
    Charge registered #6
    Lender: Landbay Partners Limited
  22. 2021-06-29
    🔒
    Charge registered #3
    Lender: Landbay Partners Limited
  23. 2020-11-05
    🏢
    Company incorporated
    As 11 LISTON LTD
  24. 2020-11-05
    DOSANJH, Sarbjit appointed
    director
  25. 2020-11-05
    📄
    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 5 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.

Group structure

Excess Property Maintenance Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Excess Property Maintenance Limited
Corporate parent
11 LISTON LTD
This company · 13000168

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Excess Property Maintenance Limited
Corporate entity
sig. influencesignificant influence05/11/2020

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

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 →
🔒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
Incorporated2020-11-05
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1st Floor 5 Century Court
Tolpits Lane
Watford
WD18 9PX
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-29
Last: 2025-11-15

Officers (1 active · 0 resigned)

DOSANJH, Sarbjit
director · ~49y · appointed 2020-11-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Landbay
Landbay Partners Limited
A registered charge1 property30/06/2021
outstanding
Landbay
Landbay Partners Limited
A registered charge1 property30/06/2021
satisfied
Landbay
Landbay Partners Limited
A registered charge1 property30/06/202105/07/2021
satisfied
Landbay
Landbay Partners Limited
A registered charge1 property30/06/202105/07/2021
outstanding
Landbay
Landbay Partners Limited
A registered charge1 property29/06/2021
satisfied
Landbay
Landbay Partners Limited
A registered charge1 property29/06/202105/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-06
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-05
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-05
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-05