178BST LIMITED

🌱Startupactive
16971947 · ltd · incorporated 2026-01-19
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
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower 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. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · 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 (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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
7 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
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • 2 address
  • 1 mortgage
Last 180 days
7
filings
  • 2 address
  • 2 persons-with-significant-control
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2026-04-03
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  2. 2026-04-03
    📍
    change-sail-address-company-with-new-address
    address · AD02
  3. 2026-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-03-31
    🔒
    Charge registered #1
    Lender: Efg Private Bank Limited
  5. 2026-02-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-01-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2026-01-19
    🏢
    Company incorporated
    As 178BST LIMITED
  8. 2026-01-19
    MARCELIN-HORNE, Roland appointed
    director
  9. 2026-01-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2026-01-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Young company: Only 0.4 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

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

🏛️
Verum Domus Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
178BST LIMITED
This company · 16971947

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
Verum Domus Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/01/2026
1 historic (ceased) PSC
  • Mr Roland Marcelin-Horneceased 19/01/2026· 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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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.

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Company details

Statusactive
Typeltd
Incorporated2026-01-19
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

36 Maltby Street
London
SE1 3PA
England

Filing status

Accounts
Next due: 2027-10-19
Last made up to:
Confirmation statement
Next due: 2027-02-01
Last:

Officers (1 active · 0 resigned)

MARCELIN-HORNE, Roland
director · ~41y · appointed 2026-01-19
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
Efg Private Bank
Efg Private Bank Limited
A registered charge1 property31/03/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (7 total)

move-registers-to-sail-company-with-new-address
address · AD03
2026-04-03
change-sail-address-company-with-new-address
address · AD02
2026-04-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-31
change-person-director-company-with-change-date
officers · CH01
2026-02-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-19
incorporation-company
incorporation · NEWINC
2026-01-19