109 BATH STREET LIMITED
🌿Early-stageactive
14580479 · ltd · incorporated 2023-01-09
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 Mar 2025
Net worth
£-25.9k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 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 69/100 (strong), bankability 52/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 3.0y
5/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.0 years — mid-life; refi window approaching.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
77
Few red 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 £25,880
Cash YoY
-35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 35% YoY
Net Worth
-£26k
↓ 297% YoY
Current Assets
£82k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £273.4k | £133.1k |
| Current assets | £81.9k | — |
| Cash | £2.3k | £3.6k |
| Debtors | £79.6k | — |
| Net assets | £-25.9k | £-6.5k |
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
1
filing
- • 1 mortgage
Last 180 days
8
filings
- • 3 persons-with-significant-control
- • 2 officers
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-03-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-17🔒Charge registered #5Lender: Castle Trust Capital PLC
- 2026-01-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-01-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-07➕BLACKER, Simon James appointeddirector
- 2026-01-07➖BLACKER, Daniel Craig resigneddirector
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-11🔒Charge registered #4Lender: Mint Property Finance Limited
- 2024-10-05📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-07-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-01🔓Charge satisfied #2
- 2024-04-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-26🔒Charge registered #3Lender: Landbay Partners Limited
- 2024-04-23🔒Charge registered #2Lender: Landbay Partners Limited
- 2024-03-13➖ANDREWS, Kane Steven resigneddirector
- 2024-03-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-10🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2023-01-09🏢Company incorporatedAs 109 BATH STREET LIMITED
- 2023-01-09➕ADAMS, Robert George appointeddirector
- 2023-01-09➕ANDREWS, Kane Steven appointeddirector
- 2023-01-09➕BLACKER, Daniel Craig appointeddirector
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
1 med ·Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-07-12: certificate-change-of-name-company
Group structure
Blacker Adams Property Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Blacker Adams Property Group Limited
Corporate parent · holds 75-100% shares
⬇
109 BATH STREET LIMITED
This company · 14580479
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Blacker Adams Property Group Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 07/01/2026 |
Mr Robert George Adams Individual · British · DOB 04/1982 · age 44 | — | — | sig. influencesignificant influence | 09/01/2023 |
1 historic (ceased) PSC
- Mr Daniel Craig Blackerceased 07/01/2026· 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 · WV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 CLIFF PLACE FREEHOLD LIMITED→ 16121810 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1 CLIFF PLACE LIMITED→ 16176234 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 10-14 HIGH STREET CHASETOWN PROPERTY MANAGEMENT LIMITED→ 05336327 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| 114 INVESTMENTS LIMITED→ 13607098 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 1202 ESTATES LIMITED→ 15576460 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 13 ASSETS LIMITED→ 16030943 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 13 CAPITAL LIMITED→ 12080793 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 1421 VENTURES LIMITED→ 14822990 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1508 CHAPEL COURT LTD→ 15213925 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1508 PRESSWORKS LTD→ 14544061 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1508 PROPERTIES LIMITED→ 13152891 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 16AU PROPERTIES LTD→ 17057266 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2023-01-09
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Hilton Hall Business Centre, Hilton Hall Hilton Lane
Essington
Wolverhampton
WV11 2BQ
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08
Officers (2 active · 2 resigned)
ADAMS, Robert George→
Activedirector · ~44y · appointed 2023-01-09
View their other companies + combined net worth →
BLACKER, Simon James→
Activedirector · ~37y · appointed 2026-01-07
View their other companies + combined net worth →
ANDREWS, Kane Steven→
Resigneddirector · ~38y · appointed 2023-01-09 · resigned 2024-03-13
BLACKER, Daniel Craig→
Resigneddirector · ~40y · appointed 2023-01-09 · resigned 2026-01-07
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Castle Trust Capital Castle Trust Capital PLC | A registered charge | 1 property | 17/03/2026 | — | |
| outstanding | Mint Property Finance Mint Property Finance Limited | A registered charge | 1 property | 11/11/2024 | — | |
| outstanding | Landbay Landbay Partners Limited | A registered charge | 1 property | 26/04/2024 | — | |
| satisfied | Landbay Landbay Partners Limited | A registered charge | 1 property | 23/04/2024 | 01/05/2024 | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 10/05/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (32 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
appoint-person-director-company-with-name-date
officers · AP01
2026-01-28
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-12
change-account-reference-date-company-previous-extended
accounts · AA01
2024-10-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-14
change-person-director-company-with-change-date
officers · CH01
2024-07-14