2 HATS DEVELOPMENT & LEISURE LIMITED
🌿Early-stageactive
13447966 · ltd · incorporated 2021-06-09
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
£-172.4k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 2.8y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.8 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
3 charges (3/3 with lender, 3/3 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
4 connected companies via shared directors
57
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £172,363
Cash YoY
+892%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£141k
↑ 892% YoY
Net Worth
-£172k
↓ 811% YoY
Current Assets
£708k
↑ 1.6% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-172.4k | £-18.9k |
| Current assets | £708.0k | £696.5k |
| Cash | £141.1k | £14.2k |
| Debtors | £5.0k | £21.9k |
| Net assets | £-172.4k | £-18.9k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2025-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-07🔒Charge registered #3Lender: Peninsula Finance PLC
- 2023-11-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-21🔒Charge registered #2Lender: Peninsula Finance PLC
- 2023-07-21🔒Charge registered #1Lender: Peninsula Finance PLC
- 2022-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-11📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-06-09🏢Company incorporatedAs 2 HATS DEVELOPMENT & LEISURE LIMITED
- 2021-06-09➕BRADFORD, Gary appointeddirector
- 2021-06-09➕PERRY, Sean Melvin appointeddirector
- 2021-06-09📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- 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 |
|---|---|---|---|---|
Mr Gary Bradford Individual · British · DOB 04/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/06/2021 |
Mr Sean Melvin Perry Individual · British · DOB 10/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/06/2021 |
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
Active · Property · SO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 POOLE ROAD LIMITED→ 14874264 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 124A LOWER NORTHAM ROAD MANAGEMENT COMPANY LIMITED→ 06953004 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 12A COMMERCIAL HOLDINGS LTD→ 17050152 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 130 PROPERTY LTD→ 11279961 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 164.5 SPV LTD→ 12278727 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 1MPG LTD→ 17081580 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CHOICE HOMES LTD→ 14415681 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 2 BURSTON ROAD LIMITED→ 13868516 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 WAY LIVING LIMITED→ 10315959 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 21 SIXTY SIX LTD→ 13412807 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 21 STANHOPE ROAD N6 FREEHOLD LIMITED→ 07104554 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 220230 LIMITED→ 10179493 · 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
Incorporated2021-06-09
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-09
Last: 2025-09-25
Officers (2 active · 0 resigned)
BRADFORD, Gary→
Activedirector · ~46y · appointed 2021-06-09
View their other companies + combined net worth →
PERRY, Sean Melvin→
Activedirector · ~62y · appointed 2021-06-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Peninsula Finance Peninsula Finance PLC | A registered charge | 1 property | 07/06/2024 | — | |
| outstanding | Peninsula Finance Peninsula Finance PLC | A registered charge | 1 property | 21/07/2023 | — | |
| outstanding | Peninsula Finance Peninsula Finance PLC | A registered charge | 1 property | 21/07/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (14 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-01
change-account-reference-date-company-current-shortened
accounts · AA01
2021-06-11
incorporation-company
incorporation · NEWINC
2021-06-09