1610 (MIDLANDS) LTD

🌿Early-stageactive

15546798 · ltd · incorporated 2024-03-07

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 Mar 2025

Net worth

—

book net assets

Opportunity

65/100

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

Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 65/100 (strong), 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

10 live charges · 3 lenders · oldest 1.9y

0/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Newest facility, 1.9 years old — likely still in initial term.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

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

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

5 connected companies via shared directors

Filing history

19 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

65/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2025-12-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-26
🔒
Charge registered #10
Lender: Landbay Partners Limited
2025-03-26
🔒
Charge registered #9
Lender: Landbay Partners Limited
2025-03-13
📄
memorandum-articles
incorporation · MA
2025-03-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-13
🔓
Charge satisfied #8
2025-03-13
🔓
Charge satisfied #7
2025-03-13
🔓
Charge satisfied #2
2025-03-13
🔓
Charge satisfied #1
2024-07-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-24
🔒
Charge registered #8
Lender: Together Commercial Finance Limited
2024-07-24
🔒
Charge registered #7
Lender: Together Commercial Finance Limited
2024-07-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-24
🔒
Charge registered #4
Lender: Paragon Bank PLC
2024-06-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-21
🔒
Charge registered #6
Lender: Paragon Bank PLC
2024-06-21
🔒
Charge registered #5
Lender: Paragon Bank PLC
2024-06-21
🔒
Charge registered #3
Lender: Paragon Bank PLC
2024-06-13
🔒
Charge registered #2
Lender: Together Commercial Finance Limited
2024-06-13
🔒
Charge registered #1
Lender: Together Commercial Finance Limited
2024-03-07
🏢
Company incorporated
As 1610 (MIDLANDS) LTD
2024-03-07
➕
TRISTRAM, James Martin appointed
director
2024-03-07
📄
incorporation-company
incorporation · NEWINC

Owner dependency

80/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Young company: Only 2.2 years old — management layer unlikely to be developed.

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 · 1 low

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.

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr James Martin Tristram Individual · British · DOB 10/1990 · age 36	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	07/03/2024

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 · DE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
002 HARDY LIMITED→ 13381739 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
1 WAY PROPERTY SOLUTIONS LTD→ 17019572 · est 2026 · no financials extracted	—	—	—	—	—	—	—
10X LTD→ 12141049 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
12 WILTON ROAD LIMITED→ 16867125 · est 2025 · no financials extracted	—	—	—	—	—	—	—
13-19 THE CLOSE (MATLOCK) MANAGEMENT COMPANY LIMITED→ 09558339 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
13TEN PROPERTIES LTD→ 16333612 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
1418 PROPERTIES LTD→ 16982954 · est 2026 · no financials extracted	—	—	—	—	—	—	—
16 WHITEHALL LTD→ 10394756 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
17 & 19 PADSTOW LIMITED→ 12984861 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
1AB PROPERTIES LTD→ 14707934 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
1ONES PROPERTY LTD→ 15373437 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
2 UP 2 DOWN COMMERCIAL LIMITED→ 11032534 · est 2017 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated2024-03-07

Jurisdictionengland-wales

Primary SIC68100 — Buying and selling of own real estate

Registered office

45 Leopold Street

Derby

DE1 2HF

England

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-20

Last: 2026-03-06

Officers (1 active · 0 resigned)

TRISTRAM, James Martin→

director · ~36y · appointed 2024-03-07

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
outstanding	Landbay Landbay Partners Limited	A registered charge	1 property	26/03/2025	—
outstanding	Landbay Landbay Partners Limited	A registered charge	1 property	26/03/2025	—
satisfied	Together Money Together Commercial Finance Limited	A registered charge	1 property	24/07/2024	13/03/2025
satisfied	Together Money Together Commercial Finance Limited	A registered charge	1 property	24/07/2024	13/03/2025
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	24/06/2024	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	21/06/2024	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	21/06/2024	—
outstanding	Paragon Paragon Bank PLC	A registered charge	1 property	21/06/2024	—
satisfied	Together Money Together Commercial Finance Limited	A registered charge	1 property	13/06/2024	13/03/2025
satisfied	Together Money Together Commercial Finance Limited	A registered charge	1 property	13/06/2024	13/03/2025

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-23

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-03

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-03-26

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-03-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-24

memorandum-articles

incorporation · MA

2025-03-13

mortgage-satisfy-charge-full

mortgage · MR04

2025-03-13

mortgage-satisfy-charge-full

mortgage · MR04

2025-03-13

mortgage-satisfy-charge-full

mortgage · MR04

2025-03-13

mortgage-satisfy-charge-full

mortgage · MR04

2025-03-13

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-08

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-08

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-04