1796 PROJECTS LIMITED

🌱Startupactive
15848937 · ltd · incorporated 2024-07-19
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
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Turnover
year to Jul 2025
Net worth
£-207.9k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 41202Construction of domestic buildings
  • 74100Specialised design activities
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

1 live charge · oldest 0.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 0.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (71/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
6 filings
60
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £207,939

Key financials

1 year extracted from filed iXBRL accounts
Cash
£71k
Net Worth
-£208k
Current Assets
£100k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-31
Total assets£-207.9k
Current assets£99.6k
Cash£71.2k
Debtors£28.4k
Net assets£-207.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Last 90 days
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 address
Last 180 days
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 address
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-06-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-06-05
    🔒
    Charge registered #1
    Lender: J.P.Morgan SE
  5. 2024-07-19
    🏢
    Company incorporated
    As 1796 PROJECTS LIMITED
  6. 2024-07-19
    EVERSON, Edmund Francis Stuart appointed
    director
  7. 2024-07-19
    EVERSON-SMITH, Teresa Jean appointed
    director
  8. 2024-07-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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 1.8 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

1796 Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
1796 Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
1796 PROJECTS LIMITED
This company · 15848937

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
1796 Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control19/07/2024

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

7 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
Incorporated2024-07-19
Jurisdictionengland-wales
Primary SIC41201 — Construction of commercial buildings

Registered office

C/O Hillier Hopkins Llp, First Floor, Radius House
Clarendon Road
Watford
WD17 1HP
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (2 active · 0 resigned)

EVERSON, Edmund Francis Stuart
director · ~57y · appointed 2024-07-19
View their other companies + combined net worth →
Active
EVERSON-SMITH, Teresa Jean
director · ~55y · appointed 2024-07-19
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
J.P.Morgan SE
A registered charge05/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (6 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-10
incorporation-company
incorporation · NEWINC
2024-07-19