ADDRESS LONDON PROPERTIES LIMITED

🏛️Establishedactive
13138320 · ltd · incorporated 2021-01-18
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£-30.7k
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
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 5.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 5.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 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
3 connected companies via shared directors
54
Filing history
17 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
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £30,667

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£31k
↓ 7886% YoY
Current Assets
£85k
↑ 4132% YoY
Current Liabilities
-£31k-£7k£16k£39k£62k£85kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£243.3k£282.5k
Current assets£85.2k£2.0k
Net assets£-30.7k£-384

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
1
filing
  • 1 mortgage
Last 180 days
3
filings
  • 2 mortgage
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-05-06
    🔒
    Charge registered #5
    Lender: Paragon Bank PLC
  3. 2026-04-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-04-08
    🔒
    Charge registered #4
    Lender: Metro Bank PLC
  5. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-06-30
    🔒
    Charge registered #3
    Lender: Fleet Mortgages Limited
  10. 2023-01-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-01-27
    ADIGUZEL, Cemal appointed
    director
  12. 2022-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-12-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  14. 2021-06-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-06-08
    🔒
    Charge registered #2
    Lender: Barclays Security Trustee Limited
  16. 2021-04-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-04-16
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  18. 2021-01-18
    🏢
    Company incorporated
    As ADDRESS LONDON PROPERTIES LIMITED
  19. 2021-01-18
    ADIGUZEL, Merdan appointed
    director
  20. 2021-01-18
    📄
    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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 5 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

1 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Cemal Adiguzel
Individual · British · DOB 02/1982 · age 44
2550%
25–50%25-50% shares · 25-50% voting18/01/2021
Mr Merdan Adiguzel
Individual · British · DOB 02/1973 · age 53
2550%
25–50%25-50% shares · 25-50% voting18/01/2021

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
Incorporated2021-01-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

37a Denmark Street
Diss
IP22 4BE
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-31
Last: 2026-01-17

Officers (2 active · 0 resigned)

ADIGUZEL, Cemal
director · ~44y · appointed 2023-01-27
View their other companies + combined net worth →
Active
ADIGUZEL, Merdan
director · ~53y · appointed 2021-01-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property06/05/2026
outstanding
Metro Bank
Metro Bank PLC
A registered charge1 property08/04/2026
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property30/06/2023
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property08/06/2021
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge16/04/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-04
appoint-person-director-company-with-name-date
officers · AP01
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-19
change-account-reference-date-company-current-extended
accounts · AA01
2022-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-25