89BK PROPERTY HOLDINGS LTD

🌿Early-stageactive
13518151 · ltd · incorporated 2021-07-19
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 4.8y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Jul 2025
Net worth
£32.7k
book net assets
Opportunity
67/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 60/100. 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 (58/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 4.8y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
22 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
67/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £32,677
Cash YoY
+30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18k
↑ 30% YoY
Net Worth
£33k
↑ 46% YoY
Current Assets
Current Liabilities
£0£7k£13k£20k£26k£33kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£247.7k£244.0k
Cash£17.8k£13.7k
Net assets£32.7k£22.4k

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 accounts
Last 180 days
7
filings
  • 6 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2026-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-02-05
    🔓
    Charge satisfied #3
  6. 2026-02-05
    🔓
    Charge satisfied #2
  7. 2026-02-05
    🔓
    Charge satisfied #1
  8. 2026-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2026-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2026-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2026-01-15
    🔒
    Charge registered #7
    Lender: Barclays Security Trustee Limited
  12. 2026-01-15
    🔒
    Charge registered #6
    Lender: Barclays Security Trustee Limited
  13. 2026-01-15
    🔒
    Charge registered #5
    Lender: Barclays Security Trustee Limited
  14. 2025-11-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2025-11-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2025-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2024-10-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-10-27
    🔒
    Charge registered #4
    Lender: Barclays Security Trustee Limited
  19. 2024-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2024-03-04
    KERAI, Jayesh appointed
    director
  21. 2024-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2023-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2022-03-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2022-03-04
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  25. 2022-03-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2022-02-28
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  27. 2021-08-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2021-08-19
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  29. 2021-07-19
    🏢
    Company incorporated
    As 89BK PROPERTY HOLDINGS LTD
  30. 2021-07-19
    KERAI, Bhavin Ravji appointed
    director
  31. 2021-07-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.

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

2 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-01-15: A registered charge; 2026-01-15: A registered charge; 2026-01-15: A registered charge

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Bhavin Ravji Kerai
Individual · British · DOB 09/1989 · age 37
75100%
75–100%board control75-100% shares · 75-100% voting · board control19/07/2021

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

9 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
Incorporated2021-07-19
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

89 Great Stone Road
Manchester
Greater Manchester
M32 8GR
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18

Officers (2 active · 0 resigned)

KERAI, Bhavin Ravji
director · ~37y · appointed 2021-07-19
View their other companies + combined net worth →
Active
KERAI, Jayesh
director · ~41y · appointed 2024-03-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
4
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property15/01/2026
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property15/01/2026
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge2 properties15/01/2026
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge27/10/2024
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property04/03/202205/02/2026
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property28/02/202205/02/2026
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property19/08/202105/02/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-09
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-05
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-05
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-19
change-person-director-company-with-change-date
officers · CH01
2025-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-22
appoint-person-director-company-with-name-date
officers · AP01
2024-03-04