2G DEVELOPMENTS LTD
🌿Early-stageactive
13599995 · ltd · incorporated 2021-09-02
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
£1.85M
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Worth a lookProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 62/100 (worth a look), bankability 52/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
14 live charges · 7 lenders · oldest 3.9y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~3.9 years — mid-life; refi window approaching.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (83/100)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
14 charges (14/14 with lender, 14/14 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
10 connected companies via shared directors
75
Filing history
28 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
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,849,296
Cash YoY
+792%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£40k
↑ 792% YoY
Net Worth
£1.8m
↑ 195% YoY
Current Assets
£106k
↑ 2287% 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 | £2.35M | £627.5k |
| Current assets | £106.0k | £4.4k |
| Cash | £39.6k | £4.4k |
| Debtors | £66.4k | — |
| Net assets | £1.85M | £627.5k |
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
5
filings
- • 4 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2026-02-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-13🔒Charge registered #14Lender: Mtf (Le) Limited
- 2026-02-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-03🔒Charge registered #13Lender: Shawbrook Bank Limited
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-28🔒Charge registered #12Lender: Mtf (Le) Limited
- 2025-11-27🔒Charge registered #11Lender: Mtf (Le) Limited
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-14🔒Charge registered #10Lender: Onesavings Bank PLC
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-31🔒Charge registered #9Lender: Quantum Mortgages Limited
- 2024-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-02🔒Charge registered #8Lender: Hampshire Trust Bank PLC
- 2024-02-02🔒Charge registered #7Lender: Hampshire Trust Bank PLC
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-08🔓Charge satisfied #2
- 2023-09-08🔓Charge satisfied #1
- 2023-07-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-30🔒Charge registered #6Lender: West One Secured Loans Limited
- 2023-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-13🔒Charge registered #5Lender: Hampshire Trust Bank PLC
- 2023-06-13🔒Charge registered #4Lender: Hampshire Trust Bank PLC
- 2023-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-24📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-25🔒Charge registered #3Lender: West One Secured Loans Limited
- 2022-06-30🔒Charge registered #2Lender: Hope Capital 2 Limited
- 2022-06-30🔒Charge registered #1Lender: Hope Capital 2 Limited
- 2021-09-02🏢Company incorporatedAs 2G DEVELOPMENTS LTD
- 2021-09-02➕HUGHES, Gethin John Williams appointeddirector
- 2021-09-02➕LARSEN, Gwion Tudur appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome 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 signalLimited 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 · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-13: A registered charge; 2026-02-03: A registered charge; 2025-11-28: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gwion Tudur Larsen Individual · Welsh · DOB 08/1989 · age 37 | 25–50% | — | 25-50% shares | 02/09/2021 |
Mr Gethin John Williams Hughes Individual · Welsh · DOB 05/1989 · age 37 | 25–50% | — | 25-50% shares | 02/09/2021 |
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 · CF postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 121 PROPERTY SOLUTIONS SW LTD→ 15252396 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 123 PROPERTY AND BUILDING CONSULTANCY LTD→ 15106245 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 13 ONE 13 LIMITED→ 09995730 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 2-4 FS LTD→ 15732908 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 227 QTR LTD→ 07043380 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 2341CHURCH LIMITED→ 14116105 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 25 GAINSBOROUGH LIMITED→ 15804376 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 26 CONWAY ROAD MANAGEMENT COMPANY LTD→ 11725543 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 26TH APRIL (UK) LIMITED→ 03783950 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| 28 CREFFIELD ROAD LIMITED→ 08460149 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| 28 DS LIMITED→ 13627506 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2L ASSETS LIMITED→ 14030339 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2021-09-02
Jurisdictionwales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Unit 44 Portmanmoor Road Industrial Estate
Cardiff
CF24 5HB
Wales
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (2 active · 0 resigned)
HUGHES, Gethin John Williams→
Activedirector · ~37y · appointed 2021-09-02
View their other companies + combined net worth →
LARSEN, Gwion Tudur→
Activedirector · ~37y · appointed 2021-09-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
12
Outstanding
6
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mtf (Le) Mtf (Le) Limited | A registered charge | 1 property | 13/02/2026 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 03/02/2026 | — | |
| outstanding | Mtf (Le) Mtf (Le) Limited | A registered charge | 1 property | 28/11/2025 | — | |
| outstanding | Mtf (Le) Mtf (Le) Limited | A registered charge | 1 property | 27/11/2025 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 14/02/2025 | — | |
| outstanding | Quantum Mortgages Quantum Mortgages Limited | A registered charge | 1 property | 31/07/2024 | — | |
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | 1 property | 02/02/2024 | — | |
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | 4 properties | 02/02/2024 | — | |
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 2 properties | 30/06/2023 | — | |
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | 1 property | 13/06/2023 | — | |
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | — | 13/06/2023 | — | |
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 1 property | 25/08/2022 | — | |
| satisfied | Hope Capital 2 Hope Capital 2 Limited | A registered charge | 1 property | 30/06/2022 | 08/09/2023 | |
| satisfied | Hope Capital 2 Hope Capital 2 Limited | A registered charge | 1 property | 30/06/2022 | 08/09/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (28 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
change-person-director-company-with-change-date
officers · CH01
2025-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-22