2LE DANCE FIRST LIMITED
Opportunity 71/100 (strong), bankability 62/100. 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: strategic trade sale (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 4.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.1 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: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-02-29 |
|---|---|
| Current assets | £21.3k |
| Cash | £19.6k |
| Debtors | £1.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
Corporate timeline (20 events)Click to expand
- 2026-04-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-28📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-05-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-30🔒Charge registered #3Lender: Paterson James Limited
- 2022-06-30🔒Charge registered #2Lender: Compagnie Pour Le Financement Des Loisirs S.A
- 2022-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-08🔒Charge registered #1Lender: Sky UK Limited
- 2022-03-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-03-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-03-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-15📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-20🏢Company incorporatedAs 2LE DANCE FIRST LIMITED
- 2021-08-20➕LIVINGSTONE, Michael appointeddirector
- 2021-08-20➕THOSTRUP, Thomas appointeddirector
- 2021-08-20📄incorporation-companyincorporation · NEWINC
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanGroup structure
2le Media Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
2le Media Ltd Corporate entity | 75–100% | — | 75-100% shares | 20/08/2021 |
2 historic (ceased) PSCs
- Mr Thomas Thostrupceased 20/08/2021· significant influence
- Mr Michael Livingstoneceased 20/08/2021· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paterson James Paterson James Limited | A registered charge | — | 30/06/2022 | — | |
| outstanding | Compagnie Pour Le Financement Des Loisirs S.A | A registered charge | 1 property | 30/06/2022 | — | |
| outstanding | Sky UK Sky UK Limited | A registered charge | 1 property | 08/04/2022 | — |