91 BRW LIMITED

🌿Early-stageactive
14060588 · ltd · incorporated 2022-04-21
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£409.5k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and structurally messy structure.

Opportunity 72/100 (strong), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 3.1y

25/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Charge age ~3.1 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

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

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
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 · accounting standard not declared
Positive net assets
Net assets £409,536
Cash YoY
+71150%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 71150% YoY
Net Worth
£410k
↑ 372% YoY
Current Assets
£14k
↓ 96% YoY
Current Liabilities
-£151k-£39k£73k£185k£297k£410kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£1.89M£149.2k
Current assets£13.8k£372.7k
Cash£2.9k£4
Debtors£11.0k£372.7k
Net assets£409.5k£-150.8k

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
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-01-24
    🔒
    Charge registered #4
    Lender: Lendco Limited
  5. 2025-01-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2025-01-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2024-12-31
    📄
    capital-allotment-shares
    capital · SH01
  8. 2024-02-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-01-30
    🔒
    Charge registered #3
    Lender: The Kent County Council
  10. 2024-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-04-20
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  14. 2023-04-14
    🔒
    Charge registered #2
    Lender: S & Rsv LTD
  15. 2023-04-14
    🔒
    Charge registered #1
    Lender: S & Rsv LTD
  16. 2022-04-21
    🏢
    Company incorporated
    As 91 BRW LIMITED
  17. 2022-04-21
    MAASBACH, Joshua Johannes appointed
    director
  18. 2022-04-21
    MAASBACH, Zachary Jordan appointed
    director
  19. 2022-04-21
    📄
    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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

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

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
S&Rsv Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Roma Capital Group Limited
Corporate parent · holds 25-50% shares
significant stake
91 BRW LIMITED
This company · 14060588

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
S&Rsv Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting23/01/2025
Roma Capital Group Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting21/04/2022

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
Incorporated2022-04-21
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

78 Sandgate High Street
Sandgate
Folkestone
CT20 3BX
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (2 active · 0 resigned)

MAASBACH, Joshua Johannes
director · ~42y · appointed 2022-04-21
View their other companies + combined net worth →
Active
MAASBACH, Zachary Jordan
director · ~37y · appointed 2022-04-21
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lendco
Lendco Limited
A registered charge1 property24/01/2025
outstanding
The Kent County Council
A registered charge1 property30/01/2024
outstanding
S & Rsv
S & Rsv LTD
A registered charge1 property14/04/2023
outstanding
S & Rsv
S & Rsv LTD
A registered charge1 property14/04/2023
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
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-01-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-23
capital-allotment-shares
capital · SH01
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-26
certificate-change-of-name-company
change-of-name · CERTNM
2023-04-20