1984 ESTATES LIMITED
🚨Distressedactive
13957805 · ltd · incorporated 2022-03-05
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2024
Net worth
£-73.3k
book net assets
Opportunity
56/100
Worth a look
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68201Renting and operating of Housing Association 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 property-backed borrower — structural issues outweigh the discount.
Opportunity 56/100 (worth a look), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. 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).
🏦
Refinance opportunity
11 live charges · 5 lenders · oldest 2.8y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.8 years old — likely still in initial term.
- · 5 lenders named — inter-creditor friction likely.
- · 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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £73,250
Very low cash
Cash position: £1
Key financials
2 years extracted from filed iXBRL accountsCash
£1
Net Worth
-£73k
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-03-31 | 2023-03-31 |
|---|---|---|
| Total assets | £20.1k | — |
| Cash | £1 | — |
| Net assets | £-73.3k | — |
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 (36 events)Click to expand
- 2025-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-10🔒Charge registered #11Lender: Castle Trust Capital PLC
- 2025-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20🔒Charge registered #10Lender: C&M Wealth International LTD
- 2024-12-20🔒Charge registered #9Lender: C&M Wealth International LTD
- 2024-08-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-19🔓Charge satisfied #3
- 2024-08-19🔓Charge satisfied #2
- 2024-08-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-08🔒Charge registered #8Lender: C&M Wealth SPV1 Limited
- 2024-08-08🔒Charge registered #7Lender: C&M Wealth SPV1 Limited
- 2023-11-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-11-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-20📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-20🔒Charge registered #6Lender: Paragon Bank PLC
- 2023-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-17🔒Charge registered #5Lender: Commercial Acceptances Limited
- 2023-08-17🔒Charge registered #4Lender: Commercial Acceptances Limited
- 2023-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-15🔒Charge registered #3Lender: Commercial Acceptances Limited
- 2023-08-15🔒Charge registered #2Lender: Commercial Acceptances Limited
- 2023-07-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-04🔒Charge registered #1Lender: Paragon Bank PLC
- 2022-06-14📄change-person-director-company-with-change-dateofficers · CH01
- 2022-06-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-05🏢Company incorporatedAs 1984 ESTATES LIMITED
- 2022-03-05➕MCMULLIN, Neil appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
1 high · 1 med · 1 lowAccounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Neil Mcmullin Individual · British · DOB 11/1981 · age 45 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 05/03/2022 |
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 →Similar companies
Active · Property · NN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 108 LETTINGS & PROPERTY MANAGEMENT LTD→ 11220974 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 11 LEICESTER ROAD MANAGEMENT COMPANY LIMITED→ 06736651 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| 123 MAPLE LEAF BUSINESS LTD→ 13735816 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 146 TACHBROOK STREET (MANAGEMENT COMPANY) LIMITED→ 03919288 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| 16 PEMBRIDGE SQUARE FREEHOLD LTD→ 13534618 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 168 ESTATE GROUP LTD→ 15172261 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1971 PROPERTY LTD→ 16412939 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CHOICE LETTINGS (CORBY) LTD→ 11844968 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 2 FLEMING ROAD LIMITED→ 15032719 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2 THE GREEN RENTALS LTD→ 14544482 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 2020 LETTINGS LTD→ 12916746 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 203 STATION ROAD LIMITED→ 16344920 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
12 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
Incorporated2022-03-05
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
22-24 Harborough Road Kingsthorpe
Northampton
NN2 7AZ
United Kingdom
Filing status
Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23
Officers (1 active · 0 resigned)
MCMULLIN, Neil→
Activedirector · ~45y · appointed 2022-03-05
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
9
Outstanding
5
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Castle Trust Capital Castle Trust Capital PLC | A registered charge | 1 property | 10/09/2025 | — | |
| outstanding | C&M Wealth International C&M Wealth International LTD | A registered charge | 1 property | 20/12/2024 | — | |
| outstanding | C&M Wealth International C&M Wealth International LTD | A registered charge | 1 property | 20/12/2024 | — | |
| outstanding | C&M Wealth SPV1 C&M Wealth SPV1 Limited | A registered charge | 1 property | 08/08/2024 | — | |
| outstanding | C&M Wealth SPV1 C&M Wealth SPV1 Limited | A registered charge | 1 property | 08/08/2024 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 20/10/2023 | — | |
| outstanding | Commercial Acceptances Commercial Acceptances Limited | A registered charge | — | 17/08/2023 | — | |
| outstanding | Commercial Acceptances Commercial Acceptances Limited | A registered charge | 1 property | 17/08/2023 | — | |
| satisfied | Commercial Acceptances Commercial Acceptances Limited | A registered charge | — | 15/08/2023 | 19/08/2024 | |
| satisfied | Commercial Acceptances Commercial Acceptances Limited | A registered charge | 1 property | 15/08/2023 | 19/08/2024 | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 04/07/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
accounts-with-accounts-type-dormant
accounts · AA
2023-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-20
change-person-director-company-with-change-date
officers · CH01
2023-11-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-20