23 SEVERN ROAD SPV LTD
Opportunity 68/100 (strong), bankability 60/100. 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
8 live charges · 2 lenders · oldest 4.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.4 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £73.5k | £72.5k |
| Current assets | £1.3k | £100 |
| Net assets | £1.1k | £100 |
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 (28 events)Click to expand
- 2025-11-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-08🔒Charge registered #8Lender: United Trust Bank Limited
- 2023-08-07📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-18🔒Charge registered #7Lender: United Trust Bank Limited
- 2023-03-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-08🔒Charge registered #6Lender: Romaco Spv 6 Limited
- 2022-02-08🔒Charge registered #5Lender: Romaco Spv 6 Limited
- 2022-01-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-22🔒Charge registered #4Lender: Romaco Spv 6 Limited
- 2021-12-22🔒Charge registered #3Lender: Romaco Spv 6 Limited
- 2021-12-22🔒Charge registered #2Lender: Romaco Spv 6 Limited
- 2021-12-22🔒Charge registered #1Lender: Romaco Spv 6 Limited
- 2021-11-18🏢Company incorporatedAs 23 SEVERN ROAD SPV LTD
- 2021-11-18➕TURNER, Michael Anthony appointeddirector
- 2021-11-18📄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 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Sycamore Wsm 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
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Sycamore Wsm Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/11/2025 |
Mr Michael Turner Individual · British · DOB 11/1991 · age 35 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/11/2021 |
1 historic (ceased) PSC
- Sycamore Wsm Ltdceased 18/11/2021· 75-100% shares · 75-100% voting · board control
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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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 →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 | United Trust Bank United Trust Bank Limited | A registered charge | 1 property | 08/08/2023 | — | |
| outstanding | United Trust Bank United Trust Bank Limited | A registered charge | 1 property | 18/05/2023 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 08/02/2022 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 08/02/2022 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 22/12/2021 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 22/12/2021 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 22/12/2021 | — | |
| outstanding | Romaco Spv 6 Romaco Spv 6 Limited | A registered charge | 1 property | 22/12/2021 | — |