WHAN HOLDINGS LTD

🌿Early-stageactive

NI695692 · ltd · incorporated 2023-03-24

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

—

year to Mar 2025

Net worth

£218

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. 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 2.8y

50/100

clean up first

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

· Newest facility, 2.8 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

10 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £218

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£218

↑ 122% YoY

Current Assets

£42k

↑ 551% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£209.1k	£137.6k
Current assets	£41.9k	£6.4k
Net assets	£218	£98

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

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (12 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-29
🔒
Charge registered #3
Lender: Kensington Mortgage Company Limited
2023-09-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-08
🔒
Charge registered #2
Lender: Kensington Mortgage Company Limited
2023-08-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-11
🔒
Charge registered #1
Lender: Kensington Mortgage Company Limited
2023-03-24
🏢
Company incorporated
As WHAN HOLDINGS LTD
2023-03-24
➕
WHAN, Lauren appointed
director
2023-03-24
➕
WHAN, Stephen Robert appointed
director
2023-03-24
📄
incorporation-company
incorporation · NEWINC

Owner dependency

81/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "WHAN" — strong identity link between founder and business.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Lauren Whan Individual · British · DOB 06/1988 · age 38	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	24/03/2023
Mr Stephen Robert Whan Individual · British · DOB 03/1986 · age 40	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	24/03/2023

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 · Property · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998	£236.5k £201.0k–£271.9k	—	£236.5k	—	27y	83	86y
ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→ NI020714 · est 1987	£141.8k £120.5k–£163.0k	—	£141.8k	—	38y	83	78y
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MCCARTHY PRIME PROPERTIES LTD→ NI052166 · est 2004	—	£10.9k	—	0	21y	88	80y
HILLVIEW LODGE LIMITED→ NI025138 · est 1990	—	—	—	187	35y	87	76y
STRATHDEN LIMITED→ NI626346 · est 2014	—	—	—	200	11y	85	62y
ADREM INVESTMENTS LIMITED→ NI031681 · est 1996	—	—	—	0	29y	83	77y
ARDFOYLE TRUST→ NI016968 · est 1983	—	—	—	700	42y	83	87y
ARDILAUN LTD→ NI057602 · est 2005	—	—	—	400	20y	83	76y
ASHTREE INVESTMENTS LIMITED→ NI026837 · est 1992	—	—	—	300	33y	83	63y
BALLYKEEL BUSINESS DEVELOPMENT LTD→ NI033029 · est 1997 · no financials extracted	—	—	—	—	28y	83	84y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2023-03-24

Jurisdictionnorthern-ireland

Primary SIC68100 — Buying and selling of own real estate

Registered office

17 Carnmoney Road

Newtownabbey

BT36 6HL

Northern Ireland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-05-02

Last: 2026-04-18

Officers (2 active · 0 resigned)

WHAN, Lauren→

director · ~38y · appointed 2023-03-24

View their other companies + combined net worth →

Active

WHAN, Stephen Robert→

director · ~40y · appointed 2023-03-24

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Kensington Mortgage Company Kensington Mortgage Company Limited	A registered charge	1 property	29/10/2024	—
outstanding	Kensington Mortgage Company Kensington Mortgage Company Limited	A registered charge	1 property	08/09/2023	—
outstanding	Kensington Mortgage Company Kensington Mortgage Company Limited	A registered charge	1 property	11/08/2023	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (10 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-21

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-02

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-20

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-10-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-02

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-09-25

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-08-23

confirmation-statement-with-updates

confirmation-statement · CS01

2023-04-18

incorporation-company

incorporation · NEWINC

2023-03-24