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102 LETTINGS LTD

💤Zombieactive
13649870 · ltd · incorporated 2021-09-29
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: early → zombie
  • · Investment thesis: property_refinance → zombie_hold
  • · Deal-killer verdict: workable → complicated
  • · Opportunity score: 72 → 67
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "zombie"
What changed my view
Last 30 days

Picture worsened over the last 30 days — 6 negative signals vs 1 positive.

  • Lifecycle stage: earlyzombie
  • ·Investment thesis: property_refinancezombie_hold
  • Deal-killer verdict: workablecomplicated
  • Opportunity score: 7267
  • Hygiene score: 9080
  • +4 more
Last 90 days

Picture worsened over the last 90 days — 6 negative signals vs 1 positive.

  • Lifecycle stage: earlyzombie
  • ·Investment thesis: property_refinancezombie_hold
  • Deal-killer verdict: workablecomplicated
  • Opportunity score: 7267
  • Hygiene score: 9080
  • +4 more
Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
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Turnover
year to Mar 2025
Net worth
£5.3k
book net assets
Opportunity
67/100
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
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 70/100. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -63% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

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
No charge records returned
50
Directors & officers
No officers data
0
Ownership & PSC
No PSC data returned
40
Director network
Network not yet resolved
30
Filing history
No filing history
0
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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
70
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £5,275
Cash draining
Cash down 63% YoY
Cash YoY
-63%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£245
↓ 63% YoY
Net Worth
£5k
↑ 156% YoY
Current Assets
£245
↓ 63% YoY
Current Liabilities
£0£1k£2k£3k£4k£5kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£300.7k£297.5k
Current assets£245£655
Cash£245£655
Net assets£5.3k£2.1k

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 →
Corporate timeline (1 events)Click to expand
  1. 2021-09-29
    🏢
    Company incorporated
    As 102 LETTINGS LTD

Owner dependency

50/100
Moderate — manageable with handover

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

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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.

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🔒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.

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Company details

Statusactive
Typeltd
Incorporated2021-09-29
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

12 Old Bexley Lane
Bexley
DA5 2BN
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04