18 STATION RD LTD
🌿Early-stageactive
14267791 · ltd · incorporated 2022-08-01
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 Aug 2024
Net worth
£-15.7k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 62/100. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 3.6y
5/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.6 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
33 filings on record
85
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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £15,704
Net assets shrinking
Down £308,365 YoY
Cash YoY
-20%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1k
↓ 20% YoY
Net Worth
-£16k
↓ 105% YoY
Current Assets
£1k
↓ 20% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £-15.7k | £292.7k |
| Current assets | £1.2k | £1.5k |
| Cash | £1.2k | £1.5k |
| Net assets | £-15.7k | £292.7k |
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
1
filing
- • 1 officers
Last 90 days
2
filings
- • 2 officers
Last 180 days
2
filings
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2026-05-11➖DEVOY, Aaron James resigneddirector
- 2026-05-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-16➖CHESTERS, Sven resigneddirector
- 2026-03-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-04➕SMALLBONE, Robert Waverley appointeddirector
- 2025-11-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-28➖RJ LAND AND DEVELOPMENT LTD resignedcorporate-secretary
- 2024-08-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-08-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-28🔒Charge registered #4Lender: Avamore Capital Bridging Limited
- 2024-08-28🔓Charge satisfied #2
- 2024-08-28🔓Charge satisfied #1
- 2024-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-01-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-12-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-12-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-28📄gazette-notice-compulsorygazette · GAZ1
- 2023-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-26➕DEVOY, Aaron James appointeddirector
- 2023-07-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-06-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-01➕HILLIER, Rachelle appointeddirector
- 2023-04-01➖HILLIER, Rachelle resigneddirector
- 2023-03-01➕CHESTERS, Sven appointeddirector
- 2023-03-01➖RJ LAND AND DEVELOPMENT LTD resignedcorporate-director
- 2023-03-01➖TARGET THREE LAND & DEVELOPMENT LTD resignedcorporate-director
- 2022-11-16🔒Charge registered #3Lender: Rseb Limited
- 2022-09-30🔒Charge registered #2Lender: Goodison Gentry Limited
- 2022-09-30🔒Charge registered #1Lender: Goodison Gentry Limited
- 2022-08-01🏢Company incorporatedAs 18 STATION RD LTD
- 2022-08-01➕TRUMAN, Jack appointeddirector
- 2022-08-01➕RJ LAND AND DEVELOPMENT LTD appointedcorporate-secretary
- 2022-08-01➕RJ LAND AND DEVELOPMENT LTD appointedcorporate-director
- 2022-08-01➕TARGET THREE LAND & DEVELOPMENT LTD appointedcorporate-director
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CHESTERS, Sven resigned 2026-03-16; DEVOY, Aaron James resigned 2026-05-11
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️significant stake
Devoy And Smallbone Properties
Corporate parent · holds 25-50% shares
🏛️significant stake
Truman Property Ltd
Corporate parent · holds 25-50% shares
⬇
18 STATION RD LTD
This company · 14267791
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Devoy And Smallbone Properties Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/01/2024 |
Truman Property Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/01/2024 |
3 historic (ceased) PSCs
- Mr Robert Waverley Smallboneceased 04/11/2025· 25-50% shares · firm interest
- Rj Land And Development Ltdceased 15/12/2023· 25-50% shares · 25-50% voting
- Target Three Land & Development Ltdceased 14/12/2023· 25-50% shares · 25-50% voting
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 · BN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 LIVINGSTONE ROAD FREEHOLD LIMITED→ 15680744 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1 RICHMOND PARADE LTD→ 16642538 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 146 CHURCH ROAD MANAGEMENT CO. LTD.→ 11246619 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 151 GOLDSMITHS ROW RTM COMPANY LTD→ 07404938 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 16 DERWENT ROAD RESIDENTS LIMITED→ 07887180 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 16A COLLINGBOURNE ROAD FREEHOLD MANAGEMENT COMPANY LIMITED→ 10813641 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 17 - 22 ANTIGUA CLOSE RTM COMPANY LIMITED→ 09795201 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 180 BRIGHTON ROAD FREEHOLD LIMITED→ 12019216 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 191 KINGSWAY BN3 FREEHOLD LIMITED→ 10620620 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 19A - 23A SOUTH STREET LIMITED→ 13280869 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 20 BRISTOL ROAD BRIGHTON LIMITED→ 05585856 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 20 BUCKINGHAM ROAD RESIDENTS LIMITED→ 04455592 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2022-08-01
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
100a Blatchington Road
Hove
BN3 3YF
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31
Officers (2 active · 6 resigned)
SMALLBONE, Robert Waverley→
Activedirector · ~38y · appointed 2025-11-04
View their other companies + combined net worth →
TRUMAN, Jack→
Activedirector · ~30y · appointed 2022-08-01
View their other companies + combined net worth →
RJ LAND AND DEVELOPMENT LTD→
Resignedcorporate-secretary · appointed 2022-08-01 · resigned 2024-08-28
CHESTERS, Sven→
Resigneddirector · ~48y · appointed 2023-03-01 · resigned 2026-03-16
DEVOY, Aaron James→
Resigneddirector · ~38y · appointed 2023-07-26 · resigned 2026-05-11
HILLIER, Rachelle→
Resigneddirector · ~35y · appointed 2023-04-01 · resigned 2023-04-01
RJ LAND AND DEVELOPMENT LTD→
Resignedcorporate-director · appointed 2022-08-01 · resigned 2023-03-01
TARGET THREE LAND & DEVELOPMENT LTD→
Resignedcorporate-director · appointed 2022-08-01 · resigned 2023-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Avamore Capital Bridging Avamore Capital Bridging Limited | A registered charge | 1 property | 28/08/2024 | — | |
| outstanding | Rseb Rseb Limited | A registered charge | 1 property | 16/11/2022 | — | |
| satisfied | Goodison Gentry Goodison Gentry Limited | A registered charge | 1 property | 30/09/2022 | 28/08/2024 | |
| satisfied | Goodison Gentry Goodison Gentry Limited | A registered charge | 1 property | 30/09/2022 | 28/08/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (33 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
appoint-person-director-company-with-name-date
officers · AP01
2025-11-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-01-16