21-23 THE DRAPERY LTD

🌱Startupactive
16551244 · ltd · incorporated 2025-06-30
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
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Development of building projects
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

3 live charges · oldest 0.2y

50/100
clean up first

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

  • · Newest facility, 0.2 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (57/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
4 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
0
filings
Last 90 days
3
filings
  • 3 mortgage
Last 180 days
3
filings
  • 3 mortgage
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2026-03-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-03-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-03-19
    🔒
    Charge registered #3
    Lender: Trdr Limited
  5. 2026-03-19
    🔒
    Charge registered #2
    Lender: Trdr Limited
  6. 2026-03-19
    🔒
    Charge registered #1
    Lender: Trdr Limited
  7. 2025-06-30
    🏢
    Company incorporated
    As 21-23 THE DRAPERY LTD
  8. 2025-06-30
    BRIGGS, Neil Dean appointed
    director
  9. 2025-06-30
    TERTEA, Mihail appointed
    director
  10. 2025-06-30
    📄
    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 0.9 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 ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-03-19: A registered charge; 2026-03-19: A registered charge; 2026-03-19: A registered charge

Group structure

Nb Property Group Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Nb Property Group Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
21-23 THE DRAPERY LTD
This company · 16551244

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

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Nb Property Group Holdings Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/06/2025
Mr Neil Dean Briggs
Individual · British · DOB 05/1977 · age 49
sig. influencesignificant influence30/06/2025
Mihail Tertea
Individual · Romanian · DOB 11/1983 · age 43
sig. influencesignificant influence30/06/2025

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 · Construction · MK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
1 DDN LTD
16573638 · est 2025 · no financials extracted
127 JOINT VENTURE LIMITED
11670261 · est 2018 · no financials extracted
7y
14 STAR PROPERTIES LTD
15537906 · est 2024 · no financials extracted
2y
1ST CLASS HEATING REPAIRS LIMITED
04754685 · est 2003 · no financials extracted
22y
1ST ROOFING SERVICES LTD
15087316 · est 2023 · no financials extracted
2y
1TA HOLDINGS LIMITED
15934460 · est 2024 · no financials extracted
1y
24-7 HEATING AND PLUMBING LIMITED
10437082 · est 2016 · no financials extracted
9y
2SPC MANSFIELD LTD
14470228 · est 2022 · no financials extracted
3y
3 COUNTIES HEATING & PLUMBING LTD
14584981 · est 2023 · no financials extracted
3y
3 SHIRES GROUP LIMITED
05323636 · est 2005 · no financials extracted
21y
33MDR LTD
09714823 · est 2015 · no financials extracted
10y
360 MAINTENANCE & CLEANING LTD
13213597 · est 2021 · no financials extracted
5y
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
Incorporated2025-06-30
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Beasley & Partners, 6 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RL
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to:
Confirmation statement
Next due: 2026-07-13
Last:

Officers (2 active · 0 resigned)

BRIGGS, Neil Dean
director · ~49y · appointed 2025-06-30
View their other companies + combined net worth →
Active
TERTEA, Mihail
director · ~43y · appointed 2025-06-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Trdr
Trdr Limited
A registered charge1 property19/03/2026
outstanding
Trdr
Trdr Limited
A registered charge1 property19/03/2026
outstanding
Trdr
Trdr Limited
A registered charge1 property19/03/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (4 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-24
incorporation-company
incorporation · NEWINC
2025-06-30