KLJ. DEVELOPMENTS LTD
Opportunity 58/100 (worth a look), bankability 40/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.
Refinance opportunity
2 live charges · 2 lenders · oldest 1.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.7 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
- • 1 accounts
Corporate timeline (11 events)Click to expand
- 2026-02-05📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-08-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-20🔓Charge satisfied #1
- 2025-08-18🔒Charge registered #2Lender: Paratus Amc Limited
- 2024-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-29🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2024-05-08🏢Company incorporatedAs KLJ. DEVELOPMENTS LTD
- 2024-05-08➕JOHNSTON, Keith appointeddirector
- 2024-05-08➕JOHNSTON, Luke appointeddirector
- 2024-05-08📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 66 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 2.0 years old — management layer unlikely to be developed.
Succession & seller-readiness
No meaningful acquirability indicators from public data.
- primaryFamily succession underway: Not a takeover target — JOHNSTON, Luke (same surname) appointed 2024-05-08. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-05-05
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-14
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Keith Johnston Individual · British · DOB 03/1960 · age 66 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 08/05/2024 |
Mr Luke Johnston Individual · British · DOB 03/1992 · age 34 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 08/05/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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12 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 (2 active · 0 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 18/08/2025 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | — | 29/08/2024 | 20/08/2025 |