116LRR LIMITED

🌱Startupactive
15773489 · ltd · incorporated 2024-06-12
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
£-38
book net assets
Opportunity
67/100
Strong
🔔
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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 67/100 (strong), bankability 47/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 1.5y

0/100
too messy

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

  • · Newest facility, 1.5 years old — likely still in initial term.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £38

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£38
Current Assets
£1.2m
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Total assets£-38
Current assets£1.19M
Debtors£87.8k
Net assets£-38

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-05-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-05-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-05-23
    🔒
    Charge registered #5
    Lender: Lendlnvest Security Trustees Limited
  6. 2025-05-23
    🔒
    Charge registered #4
    Lender: Lendinvest Security Trustees Limited
  7. 2024-11-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-11-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-11-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-11-15
    🔒
    Charge registered #3
    Lender: Lendinvest Security Trustees Limited
  11. 2024-11-15
    🔒
    Charge registered #2
    Lender: Lendinvest Security Trustees Limited
  12. 2024-11-15
    🔒
    Charge registered #1
    Lender: Willoughby 395 (Ebk) Limited
  13. 2024-08-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-06-12
    🏢
    Company incorporated
    As 116LRR LIMITED
  15. 2024-06-12
    BUTTERFIELD, Mark Edward appointed
    director
  16. 2024-06-12
    DREIKE, Marcus appointed
    director
  17. 2024-06-12
    GABBAY, Daniel Paul appointed
    director
  18. 2024-06-12
    VANTREEN, William Patrick appointed
    director
  19. 2024-06-12
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

45/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 low
5 live charges
low

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

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Beaufort Construction London Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Canizaro Limited
Corporate parent · holds 25-50% shares
significant stake
116LRR LIMITED
This company · 15773489

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Beaufort Construction London Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting12/06/2024
Canizaro Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting12/06/2024

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 →

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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
Incorporated2024-06-12
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-25
Last: 2025-06-11

Officers (4 active · 0 resigned)

BUTTERFIELD, Mark Edward
director · ~38y · appointed 2024-06-12
View their other companies + combined net worth →
Active
DREIKE, Marcus
director · ~47y · appointed 2024-06-12
View their other companies + combined net worth →
Active
GABBAY, Daniel Paul
director · ~47y · appointed 2024-06-12
View their other companies + combined net worth →
Active
VANTREEN, William Patrick
director · ~37y · appointed 2024-06-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lendlnvest Security Trustees
Lendlnvest Security Trustees Limited
A registered charge1 property23/05/2025
outstanding
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property23/05/2025
outstanding
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property15/11/2024
outstanding
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property15/11/2024
outstanding
Willoughby 395 (Ebk)
Willoughby 395 (Ebk) Limited
A registered charge1 property15/11/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (10 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-16
incorporation-company
incorporation · NEWINC
2024-06-12