40 NEW EXETER STREET LTD
💤Zombieactive
13527426 · ltd · incorporated 2021-07-23
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 Mar 2025
Net worth
£-284.8k
book net assets
Opportunity
76/100
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 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -90% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 4.0y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.0 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
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 · FRS 102Negative net assets
Liabilities exceed assets by £284,788
Cash draining
Cash down 90% YoY
Cash YoY
-90%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
↓ 90% YoY
Net Worth
-£285k
↓ 32% YoY
Current Assets
£939k
↑ 6.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £440.5k | £460.2k |
| Current assets | £939.3k | £886.0k |
| Cash | £3.2k | £31.8k |
| Debtors | £9.8k | £28.1k |
| Net assets | £-284.8k | £-216.1k |
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-04🔒Charge registered #3Lender: Pentwin Group Limited
- 2025-04-04🔒Charge registered #2Lender: Pentwin Group Limited
- 2025-02-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-08➕ASH, Robert Timothy appointeddirector
- 2024-11-08➖ROCKBED SW LTD resignedcorporate-director
- 2024-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-19➖GERMAN, Kris resigneddirector
- 2024-08-19➖REEF DEVELOPMENTS LTD resignedcorporate-director
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-18🔒Charge registered #1Lender: Pentwin Group Limited
- 2021-10-20📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-07-23🏢Company incorporatedAs 40 NEW EXETER STREET LTD
- 2021-07-23➕GERMAN, Kris appointeddirector
- 2021-07-23➕REEF DEVELOPMENTS LTD appointedcorporate-director
- 2021-07-23➕ROCKBED SW LTD appointedcorporate-director
- 2021-07-23📄incorporation-companyincorporation · NEWINC
Owner dependency
83/100
Critical — business is the founderThe 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Timothy Ash Individual · British · DOB 09/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/09/2021 |
3 historic (ceased) PSCs
- Mr Kris Germanceased 29/01/2025· 25-50% shares · 25-50% voting
- Reef Developments Ltdceased 20/09/2021· 25-50% shares · 25-50% voting · board control
- Rockbed Sw Ltdceased 20/09/2021· 25-50% shares · 25-50% voting · board control
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 · TQ postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 24/26 ALMA ROAD MANAGEMENT LIMITED→ 11656361 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 3DOT PROPERTY LIMITED→ 13128182 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 4 BARTON CRESCENT LTD→ 11389216 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 4 ST. MARKS HILL SURBITON RESIDENTS ASSOCIATION LIMITED→ 04672158 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| 48 WARREN ROAD TORQUAY FREEHOLD LIMITED→ 06192136 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 66 WARBERRY ROAD WEST MANAGEMENT COMPANY LIMITED→ 12141903 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 69 REASONS LIMITED→ 16292268 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 7-8 BATHURST STREET LIMITED→ 12283193 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 8 & 10 PENNSYLVANIA ROAD MANAGEMENT LIMITED→ 12891446 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 81FS LTD→ 15556015 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 8A-F MANAGEMENT LIMITED→ 16622986 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 9 LAURA GROVE LTD→ 17119784 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2021-07-23
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Lower Bramble Farm
Chudleigh
Newton Abbot
TQ13 0DU
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11
Officers (1 active · 3 resigned)
ASH, Robert Timothy→
Activedirector · ~62y · appointed 2024-11-08
View their other companies + combined net worth →
GERMAN, Kris→
Resigneddirector · ~47y · appointed 2021-07-23 · resigned 2024-08-19
REEF DEVELOPMENTS LTD→
Resignedcorporate-director · appointed 2021-07-23 · resigned 2024-08-19
ROCKBED SW LTD→
Resignedcorporate-director · appointed 2021-07-23 · resigned 2024-11-08
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 | Pentwin Group Pentwin Group Limited | A registered charge | 2 properties | 04/04/2025 | — | |
| outstanding | Pentwin Group Pentwin Group Limited | A registered charge | 1 property | 04/04/2025 | — | |
| outstanding | Pentwin Group Pentwin Group Limited | A registered charge | 1 property | 18/05/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (25 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
termination-director-company-with-name-termination-date
officers · TM01
2024-11-11
appoint-person-director-company-with-name-date
officers · AP01
2024-11-08
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29