CANDI HOLDINGS LTD

💤Zombieactive
14790413 · ltd · incorporated 2023-04-10
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£29.9k
book net assets
Opportunity
70/100
Strong
🔔
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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
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 2.9y

0/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.9 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
70/100Strong
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
77
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 £29,856

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£30k
Current Assets
£29k
Current Liabilities
£0£6k£12k£18k£24k£30kApr 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£240.6k
Current assets£28.8k
Net assets£29.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-06-19
    🔒
    Charge registered #3
    Lender: The Mortgage Lender Limited
  4. 2025-06-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-06-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-06-04
    🔓
    Charge satisfied #2
  7. 2025-06-04
    🔓
    Charge satisfied #1
  8. 2025-01-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-11-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-10-07
    TAYLOR, David Neil resigned
    director
  11. 2024-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-10-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2023-09-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2023-09-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-09-15
    🔒
    Charge registered #2
    Lender: Colenko Secured Lending 1 LTD
  16. 2023-09-15
    🔒
    Charge registered #1
    Lender: Colenko Secured Lending 1 LTD
  17. 2023-04-10
    🏢
    Company incorporated
    As CANDI HOLDINGS LTD
  18. 2023-04-10
    MATHIVANNAN, Thiruchelvam appointed
    director
  19. 2023-04-10
    TAYLOR, David Neil appointed
    director
  20. 2023-04-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Thiruchelvam Mathivannan
Individual · British · DOB 10/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/04/2023
1 historic (ceased) PSC
  • Mr David Neil Taylorceased 07/10/2024· 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.

🔒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
Incorporated2023-04-10
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Downton Leisure Centre
Wick Lane
Downton
Wiltshire
SP5 3NF
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (1 active · 1 resigned)

MATHIVANNAN, Thiruchelvam
director · ~48y · appointed 2023-04-10
View their other companies + combined net worth →
Active
TAYLOR, David Neil
director · ~63y · appointed 2023-04-10 · resigned 2024-10-07
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property19/06/2025
satisfied
Colenko Secured Lending 1
Colenko Secured Lending 1 LTD
A registered charge2 properties15/09/202304/06/2025
satisfied
Colenko Secured Lending 1
Colenko Secured Lending 1 LTD
A registered charge1 property15/09/202304/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-04
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-13
termination-director-company-with-name-termination-date
officers · TM01
2024-10-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-20
incorporation-company
incorporation · NEWINC
2023-04-10