SPRAN PROPERTY HOLDINGS LIMITED

💤Zombieactive
13904239 · ltd · incorporated 2022-02-09
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.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£-19.0k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68209Other letting and operating of own or leased real estate
  • 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · oldest 2.7y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.7 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £19,047
Cash YoY
+5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 5.3% YoY
Net Worth
-£19k
↑ 62% YoY
Current Assets
£82k
↓ 21% YoY
Current Liabilities
-£50k-£19k£12k£42k£73k£104kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£278.5k£249.4k
Current assets£82.3k£103.8k
Cash£4.1k£3.9k
Debtors£78.3k£99.9k
Net assets£-19.0k£-49.8k

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 →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-01-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-11-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-10-27
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  8. 2023-10-27
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  9. 2023-09-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-04-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-02-09
    🏢
    Company incorporated
    As SPRAN PROPERTY HOLDINGS LIMITED
  12. 2022-02-09
    SERUMADAR, Prabu appointed
    secretary
  13. 2022-02-09
    SERUMADAR, Prabu appointed
    director
  14. 2022-02-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Prabu Serumadar
Individual · British · DOB 05/1972 · age 54
5075%
50–75%board control50-75% shares · 50-75% voting · board control09/02/2022

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.

See pricing →

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

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 →
🔒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
Incorporated2022-02-09
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Nautilushouse Redburn Court
Royal Quays
North Shields
NE29 6AR
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16

Officers (2 active · 0 resigned)

SERUMADAR, Prabu
secretary · appointed 2022-02-09
View their other companies + combined net worth →
Active
SERUMADAR, Prabu
director · ~54y · appointed 2022-02-09
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property27/10/2023
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property27/10/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (16 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-18