WAREHOUSE LANE LIMITED

🏛️Establishedactive
NI669819 · ltd · incorporated 2020-05-28
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2024
Net worth
£-1.6k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 80/100. 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 1.2y

50/100
clean up first

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

  • · Newest facility, 1.2 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, 1 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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £1,561
Very low cash
Cash position: £52

Key financials

1 year extracted from filed iXBRL accounts
Cash
£52
Net Worth
-£2k
Current Assets
£52
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-31
Total assets£-1.6k
Current assets£52
Cash£52
Net assets£-1.6k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-02-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  2. 2025-04-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-03-12
    🔒
    Charge registered #1
    Lender: Ifni - Debt LP
  4. 2025-02-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-07-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2024-02-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2023-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2022-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2021-06-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2020-07-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-06-23
    ➕
    NOREN WEDGE, Charlotte Elizabeth appointed
    director
  14. 2020-05-28
    🏢
    Company incorporated
    As WAREHOUSE LANE LIMITED
  15. 2020-05-28
    ➕
    ELLIOT, Jonathan appointed
    director
  16. 2020-05-28
    📄
    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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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: 2024-07-04: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Charlotte Elizabeth Noren Wedge
Individual · British · DOB 10/1991 · age 35
75–100%
—75-100% shares06/08/2020
1 historic (ceased) PSC
  • Jonathan Elliotceased 06/08/2020· 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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Company details

Statusactive
Typeltd
Incorporated2020-05-28
Jurisdictionnorthern-ireland
Primary SIC56101 — Licenced restaurants

Registered office

3 Capital House
Unit 2, Upper Queen Street
Belfast
BT1 6FB
Northern Ireland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (2 active · 0 resigned)

ELLIOT, Jonathan→
director · ~46y · appointed 2020-05-28
View their other companies + combined net worth →
Active
NOREN WEDGE, Charlotte Elizabeth→
director · ~35y · appointed 2020-06-23
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
Ifni - Debt LP
A registered charge—12/03/2025—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

change-account-reference-date-company-previous-extended
accounts · AA01
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-21
change-person-director-company-with-change-date
officers · CH01
2024-11-14
certificate-change-of-name-company
change-of-name · CERTNM
2024-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-15
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-15