21 TWELVE LIMITED

🚨Distressedactive
13832457 · ltd · incorporated 2022-01-06
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Jan 2024
Net worth
£-248.6k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £248,595
Cash draining
Cash down 80% YoY
Cash YoY
-80%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 80% YoY
Net Worth
-£249k
↓ 173% YoY
Current Assets
£5k
↓ 77% YoY
Current Liabilities
-£249k-£195k-£141k-£88k-£34k£19kJan 2023Jan 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-01-312023-01-31
Total assets£-248.6k£-91.0k
Current assets£4.5k£19.4k
Cash£1.8k£9.2k
Debtors£334£1.7k
Net assets£-248.6k£-91.0k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (7 events)Click to expand
  1. 2024-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2023-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2022-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2022-04-20
    KAHL, Robert James Edward appointed
    director
  5. 2022-01-06
    🏢
    Company incorporated
    As 21 TWELVE LIMITED
  6. 2022-01-06
    SCOTT, Timothy James appointed
    director
  7. 2022-01-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Timothy James Scott
Individual · British · DOB 09/1965 · age 61
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/01/2022

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2022-01-06
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

Sutherland House
1759 London Road
Leigh On Sea
Essex
SS9 2RZ
United Kingdom

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-01-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (2 active · 0 resigned)

KAHL, Robert James Edward
director · ~53y · appointed 2022-04-20
View their other companies + combined net worth →
Active
SCOTT, Timothy James
director · ~61y · appointed 2022-01-06
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (8 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-16
appoint-person-director-company-with-name-date
officers · AP01
2022-04-27
incorporation-company
incorporation · NEWINC
2022-01-06