1673 LTD

🚨Distressedactive
14785002 · ltd · incorporated 2023-04-06
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Apr 2024
Net worth
£-2.0k
book net assets
Opportunity
57/100
Worth a look
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (worth a look), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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). Current lenders should be on monthly review.

Data confidence

Overall: medium (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth 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
75
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,971

Key financials

1 year extracted from filed iXBRL accounts
Cash
£21k
Net Worth
-£2k
Current Assets
£39k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-30
Total assets£-2.0k
Current assets£38.6k
Cash£21.2k
Debtors£17.5k
Net assets£-2.0k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2025-09-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-03-04
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-04-06
    🏢
    Company incorporated
    As 1673 LTD
  6. 2023-04-06
    KERSHAW, Neil Clifford appointed
    director
  7. 2023-04-06
    NICKEAS, Susan Lynne appointed
    director
  8. 2023-04-06
    📄
    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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-19

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Neil Clifford Kershaw
Individual · British · DOB 02/1973 · age 53
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2023
1 historic (ceased) PSC
  • Ms Susan Lynne Nickeasceased 17/09/2025· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2023-04-06
Jurisdictionengland-wales
Primary SIC56302 — Public houses and bars

Registered office

46-48 Chapel Street
Chorley
PR7 1BW
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-04-19OVERDUE
Last: 2025-04-05

Officers (2 active · 0 resigned)

KERSHAW, Neil Clifford
director · ~53y · appointed 2023-04-06
View their other companies + combined net worth →
Active
NICKEAS, Susan Lynne
director · ~58y · appointed 2023-04-06
View their other companies + combined net worth →
Active

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

Recent filings (7 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-22
gazette-notice-compulsory
gazette · GAZ1
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-07
incorporation-company
incorporation · NEWINC
2023-04-06