23 CNC LTD
Opportunity 71/100 (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
2 live charges · 2 lenders · oldest 0.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 0.6 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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.
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 102| Metric | 2025-05-31 | 2024-05-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 persons-with-significant-control
- • 1 confirmation-statement
- • 2 address
- • 1 persons-with-significant-control
- • 1 confirmation-statement
- • 2 address
- • 1 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (13 events)Click to expand
- 2026-06-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-05-05📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2026-05-05📍change-sail-address-company-with-new-addressaddress · AD02
- 2026-04-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-27🔒Charge registered #2Lender: Close Brothers Limited (The “Security Trustee”)
- 2026-01-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-10-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-24🔒Charge registered #1Lender: Swif Smaller Loans Limited Partnership
- 2025-09-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-18🏢Company incorporatedAs 23 CNC LTD
- 2023-05-18➕BALLAMY, Simon John appointeddirector
- 2023-05-18📄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
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Simon John Ballamy Individual · British · DOB 11/1974 · age 52 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/05/2023 |
Mr Mark Christopher Pyne Individual · British · DOB 03/1979 · age 47 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/01/2026 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 27/04/2026 | — | |
| outstanding | Swif Smaller Loans Partnership Swif Smaller Loans Limited Partnership | A registered charge | — | 24/10/2025 | — |