12 SOUTHGATE LTD
Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 2 lenders · oldest 4.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.5 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|
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
Corporate timeline (16 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-23🔓Charge satisfied #2
- 2023-01-23🔓Charge satisfied #1
- 2022-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-15🔒Charge registered #3Lender: Keystone Property Finance Limited
- 2021-12-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-21🔒Charge registered #2Lender: Khk One Limited
- 2021-12-21🔒Charge registered #1Lender: Khk One Limited
- 2021-10-05🏢Company incorporatedAs 12 SOUTHGATE LTD
- 2021-10-05➕MERLIN, Abraham appointeddirector
- 2021-10-05📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Abraham Merlin Individual · British · DOB 12/1990 · age 36 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/10/2021 |
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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|---|---|---|---|---|---|---|---|
| 13 DENVER LIMITED→ 13110898 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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| 14 MR ASSET LTD→ 15971698 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Keystone Property Finance Keystone Property Finance Limited | A registered charge | 1 property | 15/12/2022 | — | |
| satisfied | Khk One Khk One Limited | A registered charge | 1 property | 21/12/2021 | 23/01/2023 | |
| satisfied | Khk One Khk One Limited | A registered charge | 1 property | 21/12/2021 | 23/01/2023 |