240 WHERSTEAD LTD
🌿Early-stageactive
15034807 · ltd · incorporated 2023-07-28
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 Jul 2025
Net worth
£-128.5k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
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. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 2.7y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.7 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
4 active PSC(s) of 5 total, 5 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £128,480
Cash YoY
-18%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£160
↓ 18% YoY
Net Worth
-£128k
↓ 99% YoY
Current Assets
£524k
↑ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £-128.5k | £-64.7k |
| Current assets | £523.6k | £463.2k |
| Cash | £160 | £195 |
| Debtors | £57.1k | £24.8k |
| Net assets | £-128.5k | £-64.7k |
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
4
filings
- • 3 mortgage
- • 1 accounts
Last 90 days
4
filings
- • 3 mortgage
- • 1 accounts
Last 180 days
4
filings
- • 3 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-05-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-05-01🔓Charge satisfied #1
- 2026-04-30🔒Charge registered #3Lender: Gfs 1 LTD
- 2026-04-30🔒Charge registered #2Lender: Gfs 1 LTD
- 2026-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-05-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-09-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-09-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-08-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-08-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-21🔒Charge registered #1Lender: Jbg Enterprises Limited
- 2023-07-28🏢Company incorporatedAs 240 WHERSTEAD LTD
- 2023-07-28➕HOXHAJ, Bashkim appointeddirector
- 2023-07-28➕PURNELL, Matt appointeddirector
- 2023-07-28📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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.
- +Young company: Only 2.8 years old — management layer unlikely to be developed.
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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️significant stake
Rexh Properties Ltd
Corporate parent · holds 25-50% shares
🏛️significant stake
Tammie Group Ltd
Corporate parent · holds 25-50% shares
⬇
240 WHERSTEAD LTD
This company · 15034807
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
4 active beneficial owners · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Rexh Properties Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/05/2025 |
Tammie Group Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 23/08/2024 |
Mr Matt Purnell Individual · British · DOB 04/1986 · age 40 | — | — | sig. influencesignificant influence | 28/07/2023 |
Mr Bashkim Hoxhaj Individual · Albanian · DOB 08/1991 · age 35 | — | — | sig. influencesignificant influence | 28/07/2023 |
1 historic (ceased) PSC
- Axiom Windows And Doors Ltdceased 12/05/2025· 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 · Construction · IP postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 108 PROPERTIES INVESTMENTS LTD→ 10787118 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 115 WILSHAM STREET PROPERTIES LTD→ 16766988 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 13AMPS ENGINEERING LTD→ 10742230 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 15792886 LTD→ 15792886 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST CONTACT PLUMBING AND HEATING LIMITED→ 08730482 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 2-4 ST ANDREWS MANAGEMENT COMPANY LIMITED→ 12950342 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 20 MUSEUM STREET PROPERTIES LTD→ 11016612 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 24-7 BUILDING SERVICES LTD→ 15668465 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 2CT CONSULTANTS LIMITED→ 08203930 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| 2FISH CONSULTING LIMITED→ 11408697 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 3 POINT PROPERTY DEVELOPMENT LIMITED→ 14411941 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 354 DEVELOPMENT LTD→ 16942533 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2023-07-28
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
9 Byford Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RD
England
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-05-27
Last: 2025-05-13
Officers (2 active · 0 resigned)
HOXHAJ, Bashkim→
Activedirector · ~35y · appointed 2023-07-28
View their other companies + combined net worth →
PURNELL, Matt→
Activedirector · ~40y · appointed 2023-07-28
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Gfs 1 Gfs 1 LTD | A registered charge | 1 property | 30/04/2026 | — | |
| outstanding | Gfs 1 Gfs 1 LTD | A registered charge | — | 30/04/2026 | — | |
| satisfied | Jbg Enterprises Jbg Enterprises Limited | A registered charge | 1 property | 21/08/2023 | 01/05/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-06
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-09-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-09-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-08-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-25