ABODE PADS LTD

🌿Early-stageactive
13575405 · ltd · incorporated 2021-08-19
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.
🔒Estimated value
Upgrade to see
Turnover
year to Aug 2025
Net worth
£47.9k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 62/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 3.3y

25/100
too messy

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

  • · Charge age ~3.3 years — mid-life; refi window approaching.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
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
2 connected companies via shared directors
51
Filing history
18 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
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £47,914
Cash YoY
+49%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
↑ 49% YoY
Net Worth
£48k
↑ 342% YoY
Current Assets
£21k
↑ 49% YoY
Current Liabilities
£0£10k£19k£29k£38k£48kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Total assets£47.9k£10.9k
Current assets£21.5k£14.4k
Cash£21.5k£14.4k
Net assets£47.9k£10.9k

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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-08-06
    🔒
    Charge registered #5
    Lender: Paragon Bank PLC
  4. 2025-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-10-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-10-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-10-11
    🔓
    Charge satisfied #2
  8. 2024-10-11
    🔓
    Charge satisfied #1
  9. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-01-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2024-01-04
    🔒
    Charge registered #4
    Lender: Fleet Mortgages Limited
  12. 2023-06-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-06-20
    🔒
    Charge registered #3
    Lender: Charter Court Financial Services Limited
  14. 2023-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-01-30
    🔒
    Charge registered #2
    Lender: Hbb Bridging Loans Limited
  18. 2023-01-30
    🔒
    Charge registered #1
    Lender: Hbb Bridging Loans Limited
  19. 2022-03-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-08-19
    🏢
    Company incorporated
    As ABODE PADS LTD
  21. 2021-08-19
    CLOSE, Nicole appointed
    director
  22. 2021-08-19
    NEAL, Jake appointed
    director
  23. 2021-08-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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 med ·
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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Nicole Close
Individual · British · DOB 09/1993 · age 33
2550%
25–50%25-50% shares · 25-50% voting19/08/2021
Jake Neal
Individual · British · DOB 03/1990 · age 36
2550%
25–50%25-50% shares · 25-50% voting19/08/2021

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
Incorporated2021-08-19
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

63-65 Heworth Road
York
YO31 0AA
United Kingdom

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (2 active · 0 resigned)

CLOSE, Nicole
director · ~33y · appointed 2021-08-19
View their other companies + combined net worth →
Active
NEAL, Jake
director · ~36y · appointed 2021-08-19
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
3
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property06/08/2025
outstanding
Fleet Mortgages
Fleet Mortgages Limited
A registered charge1 property04/01/2024
outstanding
Precise Mortgages
Charter Court Financial Services Limited
A registered charge1 property20/06/2023
satisfied
Hbb Bridging Loans
Hbb Bridging Loans Limited
A registered charge1 property30/01/202311/10/2024
satisfied
Hbb Bridging Loans
Hbb Bridging Loans Limited
A registered charge1 property30/01/202311/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30