15PI LTD
🌿Early-stageactive
15301324 · ltd · incorporated 2023-11-21
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 Nov 2024
Net worth
£5.4k
book net assets
Opportunity
64/100
Worth a look
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
Worth a lookProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 64/100 (worth a look), bankability 52/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
15 live charges · 5 lenders · oldest 2.2y
0/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 2.2 years old — likely still in initial term.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
24 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
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £5,423
Key financials
1 year extracted from filed iXBRL accountsCash
£1k
Net Worth
£5k
Current Assets
£4k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 |
|---|---|
| Total assets | £325.6k |
| Current assets | £4.4k |
| Cash | £1.4k |
| Debtors | £3.0k |
| Net assets | £5.4k |
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
3
filings
- • 1 mortgage
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-01-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-22🔒Charge registered #15Lender: Onesavings Bank PLC Trading as Kent Reliance
- 2025-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-22🔒Charge registered #14Lender: Charles Street Commercial Investments Limited
- 2025-08-22🔒Charge registered #13Lender: Charles Street Commercial Investments Limited
- 2025-04-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-28🔒Charge registered #12Lender: Charles Street Commercial Investments Limited
- 2025-03-28🔒Charge registered #11Lender: Charles Street Commercial Investments Limited
- 2025-03-25🔒Charge registered #10Lender: Romaco Spv 2 Limited
- 2025-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-04🔒Charge registered #9Lender: Together Commercial Finance Limited
- 2025-03-04🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-12🔓Charge satisfied #4
- 2024-12-12🔓Charge satisfied #3
- 2024-12-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-06🔒Charge registered #7Lender: The Mortgage Lender Limited
- 2024-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-02🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2024-08-02🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2024-04-29📄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
- 2024-04-25🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2024-04-25🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2024-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-09🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2024-02-09🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2023-12-07📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-21🏢Company incorporatedAs 15PI LTD
- 2023-11-21➕CHADWICK, Stephen Derek appointeddirector
- 2023-11-21➕DAWOOD, Mohamed appointeddirector
- 2023-11-21📄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 2.4 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
2 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-01-22: A registered charge; 2025-08-22: A registered charge; 2025-08-22: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
13 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Derek Chadwick Individual · British · DOB 05/1985 · age 41 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/11/2023 |
Mr Mohamed Dawood Individual · British · DOB 04/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/11/2023 |
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 · OL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 SHAM LTD→ 15320074 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1-4 WIDCOMBE PARADE BATH MANAGEMENT COMPANY LIMITED→ 02830280 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| 1-FAITH COMPANY LTD→ 16589443 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 173 BOLTON ROAD LIMITED→ 16411508 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1872 PROPERTIES LTD→ 16759525 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1894 PROPERTIES LTD→ 13435503 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 19 LANSDOWNE MA LTD→ 15772170 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1975 REAL ESTATE MANAGEMENT LIMITED→ 15875692 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1984 CLUB LTD→ 15566945 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 1SSG LTD→ 16659087 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CHOICE PROPERTY SOLUTIONS LIMITED→ 11205486 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 1ST DEVELOPMENTS UK LTD→ 06665060 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
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
Incorporated2023-11-21
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
1st Floor, Portfolio Place 498 Broadway
Chadderton
Oldham
OL9 9PY
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17
Officers (2 active · 0 resigned)
CHADWICK, Stephen Derek→
Activedirector · ~41y · appointed 2023-11-21
View their other companies + combined net worth →
DAWOOD, Mohamed→
Activedirector · ~38y · appointed 2023-11-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
13
Outstanding
5
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kent Reliance / OSB Onesavings Bank PLC Trading as Kent Reliance | A registered charge | 1 property | 22/01/2026 | — | |
| outstanding | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | 1 property | 22/08/2025 | — | |
| outstanding | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | 1 property | 22/08/2025 | — | |
| outstanding | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | 1 property | 28/03/2025 | — | |
| outstanding | Charles Street Commercial Investments Charles Street Commercial Investments Limited | A registered charge | 4 properties | 28/03/2025 | — | |
| outstanding | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | 1 property | 25/03/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 04/03/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 04/03/2025 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 06/12/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 02/08/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 02/08/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 25/04/2024 | 12/12/2024 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 25/04/2024 | 12/12/2024 | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 09/02/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 09/02/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-06