189 KINGSWAY HOVE LLP

💤Zombieactive
OC424084 · llp · incorporated 2018-09-11
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 Feb 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 6.9y

15/100
under pressure

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

  • · Oldest live charge is 6.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (67/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 0 with DOB)
70
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-28
Average employees0

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-01
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  3. 2025-11-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2025-06-24
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  5. 2025-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-11-13
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2024-09-27
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  8. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-10-10
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2023-10-10
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC02
  11. 2023-10-10
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  12. 2023-09-29
    📄
    change-account-reference-date-limited-liability-partnership-current-shortened
    accounts · LLAA01
  13. 2023-08-15
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  14. 2023-08-15
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  15. 2023-08-15
    🔓
    Charge satisfied #5
  16. 2023-08-15
    🔓
    Charge satisfied #4
  17. 2022-12-21
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  18. 2022-12-21
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  19. 2022-10-19
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  20. 2022-07-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  21. 2022-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  22. 2022-07-04
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  23. 2022-07-04
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  24. 2022-07-04
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  25. 2022-06-30
    ➕
    CAYUGA DEVELOPMENTS LIMITED appointed
    corporate-llp-designated-member
  26. 2022-06-30
    ➖
    COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE 2 LP) resigned
    corporate-llp-designated-member
  27. 2022-06-30
    ➖
    COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE LP) resigned
    corporate-llp-designated-member
  28. 2022-06-30
    🔒
    Charge registered #5
    Lender: Ortus Secured Finance I Limited
  29. 2022-06-30
    🔒
    Charge registered #4
    Lender: Ortus Secured Finance I Limited
  30. 2022-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2022-06-20
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  32. 2022-06-20
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  33. 2022-06-20
    🔓
    Charge satisfied #3
  34. 2022-06-20
    🔓
    Charge satisfied #2
  35. 2022-06-20
    🔓
    Charge satisfied #1
  36. 2019-07-15
    🔒
    Charge registered #3
    Lender: Paragon Development Finance Limited
  37. 2019-07-15
    🔒
    Charge registered #2
    Lender: Paragon Development Finance Limited
  38. 2019-07-15
    🔒
    Charge registered #1
    Lender: Mayfair Capital Residential 2 LLP
  39. 2019-06-21
    ➖
    HAGSHAMA KINGSWAY HOVE LIMITED resigned
    corporate-llp-designated-member
  40. 2019-01-28
    ➕
    COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE LP) appointed
    corporate-llp-designated-member
  41. 2018-09-20
    ➕
    CAYUGA 004 LLP appointed
    corporate-llp-designated-member
  42. 2018-09-11
    🏢
    Company incorporated
    As 189 KINGSWAY HOVE LLP
  43. 2018-09-11
    ➕
    COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE 2 LP) appointed
    corporate-llp-designated-member
  44. 2018-09-11
    ➕
    HAGSHAMA KINGSWAY HOVE LIMITED appointed
    corporate-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.

Group structure

Cayuga Developments Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Cayuga Developments Limited
Corporate parent
⬇
189 KINGSWAY HOVE LLP
This company · OC424084

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Cayuga Developments Limited
Corporate entity
—25–50%25-50% voting30/06/2022
5 historic (ceased) PSCs
  • Cogress Gp Limited (As Gp Of Cogress Kingsway Hove 2 Lp)ceased 30/06/2022· 25-50% voting · firm interest
  • Cayuga 004 Llpceased 30/06/2022· 25-50% voting
  • Cogress Limitedceased 22/06/2022· significant influence
  • Cogress Gp Limited (As Gp Of Cogress Kingsway Hove Lp)ceased 24/06/2019· 25-50% voting
  • Hagshama Kingsway Hove Limitedceased 21/06/2019· 25-50% voting

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
Incorporated2018-09-11
Jurisdictionengland-wales
Primary SIC—

Registered office

168 Church Road
Hove
BN3 2DL
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (2 active · 3 resigned)

CAYUGA 004 LLP→
corporate-llp-designated-member · appointed 2018-09-20
View their other companies + combined net worth →
Active
CAYUGA DEVELOPMENTS LIMITED→
corporate-llp-designated-member · appointed 2022-06-30
View their other companies + combined net worth →
Active
COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE 2 LP)→
corporate-llp-designated-member · appointed 2018-09-11 · resigned 2022-06-30
Resigned
COGRESS GP LIMITED (AS GP OF COGRESS KINGSWAY HOVE LP)→
corporate-llp-designated-member · appointed 2019-01-28 · resigned 2022-06-30
Resigned
HAGSHAMA KINGSWAY HOVE LIMITED→
corporate-llp-designated-member · appointed 2018-09-11 · resigned 2019-06-21
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Ortus Secured Finance I
Ortus Secured Finance I Limited
A registered charge1 property30/06/202215/08/2023
satisfied
Ortus Secured Finance I
Ortus Secured Finance I Limited
A registered charge1 property30/06/202215/08/2023
satisfied
Paragon
Paragon Development Finance Limited
A registered charge13 properties15/07/201920/06/2022
satisfied
Paragon
Paragon Development Finance Limited
A registered charge1 property15/07/201920/06/2022
satisfied
Mayfair Capital Residential 2
Mayfair Capital Residential 2 LLP
A registered charge1 property15/07/201920/06/2022

Recent filings (47 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-11-12
change-account-reference-date-limited-liability-partnership-previous-extended
accounts · LLAA01
2025-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-11-13
change-account-reference-date-limited-liability-partnership-previous-shortened
accounts · LLAA01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-10-10
notification-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC02
2023-10-10
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2023-10-10
change-account-reference-date-limited-liability-partnership-current-shortened
accounts · LLAA01
2023-09-29
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-08-15
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-08-15
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2022-12-21