1ST COVERALL PROPERTIES LTD
🏛️Establishedactive
13160320 · ltd · incorporated 2021-01-26
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 Jan 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 74/100 (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
4 live charges · 3 lenders · oldest 3.8y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~3.8 years — mid-life; refi window approaching.
- · 3 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 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
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
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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | — | £340.3k |
| Current assets | — | £11.6k |
| Cash | — | £9.9k |
| Debtors | — | £1.6k |
| Net assets | — | £7.2k |
| Average employees | 0 | — |
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
2
filings
- • 1 mortgage
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 mortgage
- • 1 confirmation-statement
Last 180 days
3
filings
- • 2 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-05-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-13🔒Charge registered #4Lender: Allica Bank Limited
- 2025-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-27🔒Charge registered #3Lender: Godiva Mortgages Limited
- 2025-11-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-31📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-10-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-05🔒Charge registered #2Lender: Paragon Bank PLC
- 2022-08-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-03🔒Charge registered #1Lender: Paragon Bank PLC
- 2021-12-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-21📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-26🏢Company incorporatedAs 1ST COVERALL PROPERTIES LTD
- 2021-01-26➕CUNNINGHAM, Luke appointeddirector
- 2021-01-26➕CUNNINGHAM, Sadie appointeddirector
- 2021-01-26📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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 signalLimited 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Sadie Cunningham Individual · British · DOB 02/1971 · age 55 | 50–75% | — | 50-75% shares | 26/01/2021 |
Mr Luke Cunningham Individual · British · DOB 02/1971 · age 55 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/01/2021 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| 12 NORWOOD STREET LTD→ 15516255 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 147 KENNINGTON PARK ROAD (MANAGEMENT) LIMITED→ 02057068 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| 17 HOLLIERS HILL LTD→ 10176015 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 17 RR LIMITED→ 15861215 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 17 ST MARGARETS ROAD RESIDENTS ASSOCIATION LIMITED→ 04641618 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| 17 TOWER ROAD MANAGEMENT LIMITED→ 14936814 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 18 MAZE HILL (ST. LEONARDS) LIMITED→ 01299412 · est 1977 · no financials extracted | — | — | — | — | 49y | — | — |
| 23 QUARRY HILL ROAD LIMITED→ 15284645 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 25 BANK STREET LTD→ 11868993 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 29 EVERSLEY ROAD (BEXHILL) LIMITED→ 04312389 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| 29 ST. MATTHEWS GARDENS LIMITED→ 01254300 · est 1976 · no financials extracted | — | — | — | — | 50y | — | — |
| 2B PROPERTIES LIMITED→ 10527497 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2021-01-26
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
19 North Street
Ashford
Kent
TN24 8LF
England
Filing status
Accounts
Next due: 2026-10-30
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-05-04
Last: 2026-04-20
Officers (2 active · 0 resigned)
CUNNINGHAM, Luke→
Activedirector · ~55y · appointed 2021-01-26
View their other companies + combined net worth →
CUNNINGHAM, Sadie→
Activedirector · ~55y · appointed 2021-01-26
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Allica Bank Allica Bank Limited | A registered charge | 1 property | 13/05/2026 | — | |
| outstanding | Godiva Mortgages Godiva Mortgages Limited | A registered charge | 1 property | 27/11/2025 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 05/09/2022 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 03/08/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08