28 EATON LTD

🌱Startupactive
15959382 · ltd · incorporated 2024-09-16
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
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (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: share sale to pe / searcher (58/100).

🏦

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 (59/100)

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
No iXBRL financials extracted
0
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 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-06-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-06-06
    🔒
    Charge registered #1
    Lender: West One Loan Limited
  3. 2025-05-21
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-05-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  5. 2025-05-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2025-04-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-09-16
    🏢
    Company incorporated
    As 28 EATON LTD
  9. 2024-09-16
    EEDPUGANTI, Anita Kumari appointed
    director
  10. 2024-09-16
    PAPPALA, Narayana Rao appointed
    director
  11. 2024-09-16
    📄
    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 1.7 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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-05-21: certificate-change-of-name-company

Group structure

Rao Holds Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rao Holds Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
28 EATON LTD
This company · 15959382

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
Rao Holds Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/05/2025
1 historic (ceased) PSC
  • Raocon Ltdceased 01/05/2025· 75-100% shares · 75-100% voting · board control

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2024-09-16
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

Unit 25 Tair Road Industrial Estate
Tait Road
Croydon
CR0 2DT
England

Filing status

Accounts
Next due: 2026-06-16
Last made up to:
Confirmation statement
Next due: 2027-05-15
Last: 2026-05-01

Officers (2 active · 0 resigned)

EEDPUGANTI, Anita Kumari
director · ~48y · appointed 2024-09-16
View their other companies + combined net worth →
Active
PAPPALA, Narayana Rao
director · ~49y · appointed 2024-09-16
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
West One Loan
West One Loan Limited
A registered charge2 properties06/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (9 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-16
certificate-change-of-name-company
change-of-name · CERTNM
2025-05-21
change-account-reference-date-company-current-extended
accounts · AA01
2025-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-07
incorporation-company
incorporation · NEWINC
2024-09-16