138 PROPERTY LTD
- 68209Other letting and operating of own or leased real estate
Opportunity 72/100 (strong), bankability 70/100. 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 · 2 lenders · oldest 3.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 3.0 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £361.7k | £198.9k |
| Current assets | £34.6k | — |
| Net assets | £-32.6k | £-19.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (17 events)Click to expand
- 2025-07-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-26🔒Charge registered #2Lender: Lendco Limited
- 2024-07-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-01📄capital-allotment-sharescapital · SH01
- 2023-11-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-05-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-26🔒Charge registered #1Lender: Castle Trust Capital PLC
- 2023-03-27📄memorandum-articlesincorporation · MA
- 2023-03-27📄resolutionresolution · RESOLUTIONS
- 2023-03-27📄resolutionresolution · RESOLUTIONS
- 2022-11-09🏢Company incorporatedAs 138 PROPERTY LTD
- 2022-11-09➕JOHNSON, Oliver appointedsecretary
- 2022-11-09➕JOHNSON, Oliver appointeddirector
- 2022-11-09📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Benjamin Charles Dawson Individual · British · DOB 04/1990 · age 36 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 30/11/2022 |
Mr Oliver Johnson Individual · British · DOB 06/1990 · age 36 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/11/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · CV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 101 PROPCO LIMITED→ 13590114 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 103 WESTWOOD LTD→ 13133435 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 110 PROPERTY LTD→ 13542080 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 114 TRADING INTERNATIONAL LTD→ 10879838 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 12PD LIMITED→ 15336294 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 13 WILLES ROAD MANAGEMENT LIMITED→ 03518429 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| 131 ADDISON ROAD MANAGEMENT COMPANY LIMITED→ 06044842 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 138 WISTASTON ROAD MANAGEMENT COMPANY LIMITED→ 09376187 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| 1561566 LTD→ 16343667 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 2 BELLE VUE APARTMENTS LTD→ 13990805 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 FD PROPERTIES LIMITED→ 15676813 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 2 GLOUCESTER ROAD (SALES) LIMITED→ 17009330 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lendco Lendco Limited | A registered charge | 1 property | 26/07/2024 | — | |
| outstanding | Castle Trust Capital Castle Trust Capital PLC | A registered charge | 1 property | 26/05/2023 | — |