ALCHEMY PROPERTIES LLP

💤Zombieactive
OC387943 · llp · incorporated 2013-09-18
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 11.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 filings on record
85
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
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
£28k
↑ 231% YoY
Net Worth
Current Assets
Current Liabilities
£0£6k£11k£17k£23k£28kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Current assets£8.5k
Cash£28.2k£8.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2025-10-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-11-13
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-13
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  6. 2024-06-04
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  7. 2024-02-25
    BUTCHER, Rhion Victoria resigned
    llp-designated-member
  8. 2023-12-14
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  9. 2023-12-14
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  10. 2023-12-14
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  11. 2023-12-14
    🔓
    Charge satisfied #3
  12. 2023-12-14
    🔓
    Charge satisfied #2
  13. 2023-12-14
    🔓
    Charge satisfied #1
  14. 2023-10-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2023-10-16
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2023-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-09-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-09-19
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  20. 2021-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-02-08
    BUTCHER, Rhion Victoria appointed
    llp-designated-member
  22. 2021-02-08
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  23. 2020-09-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  24. 2020-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2020-04-26
    BUTCHER, Erin Olivia appointed
    llp-designated-member
  26. 2020-04-26
    STACEY, Leighton James resigned
    llp-designated-member
  27. 2020-04-26
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  28. 2020-04-26
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  29. 2019-09-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  30. 2019-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2018-09-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  32. 2018-07-20
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  33. 2015-08-17
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  34. 2015-04-01
    JOHNS, Ian Peter resigned
    llp-designated-member
  35. 2015-04-01
    STACEY, Leighton James appointed
    llp-designated-member
  36. 2015-02-03
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  37. 2015-02-03
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  38. 2013-09-18
    🏢
    Company incorporated
    As ALCHEMY PROPERTIES LLP
  39. 2013-09-18
    BUTCHER, Andrew Neil appointed
    llp-designated-member
  40. 2013-09-18
    JOHNS, Ian Peter appointed
    llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Neil Butcher
Individual · British · DOB 06/1966 · age 60
75–100%75-100% voting18/09/2016

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 →
🔒Tailored diligence questions

6 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
Typellp
Incorporated2013-09-18
Jurisdictionengland-wales
Primary SIC

Registered office

175 Risca Road
Newport
Gwent
NP20 3PQ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-27
Last: 2025-10-13

Officers (2 active · 3 resigned)

BUTCHER, Andrew Neil
llp-designated-member · ~60y · appointed 2013-09-18
View their other companies + combined net worth →
Active
BUTCHER, Erin Olivia
llp-designated-member · ~26y · appointed 2020-04-26
View their other companies + combined net worth →
Active
BUTCHER, Rhion Victoria
llp-designated-member · ~28y · appointed 2021-02-08 · resigned 2024-02-25
Resigned
JOHNS, Ian Peter
llp-designated-member · ~80y · appointed 2013-09-18 · resigned 2015-04-01
Resigned
STACEY, Leighton James
llp-designated-member · ~42y · appointed 2015-04-01 · resigned 2020-04-26
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
A registered charge1 property17/08/201514/12/2023
satisfied
Barclays
Barclays Bank PLC
A registered charge1 property03/02/201514/12/2023
satisfied
Barclays
Barclays Bank PLC
A registered charge1 property03/02/201514/12/2023

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-13
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-06-13
change-account-reference-date-limited-liability-partnership-previous-extended
accounts · LLAA01
2024-06-04
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-12-14
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-12-14
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-11
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-09-19