AR & SP PROPERTIES LLP

💤Zombieactive
OC432535 · llp · incorporated 2020-07-14
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
71/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 4.8y

35/100
under pressure

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

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 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
Average employees00

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 (23 events)Click to expand
  1. 2025-10-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-07-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2024-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-07-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2023-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-31
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  11. 2021-09-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  12. 2021-09-02
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  13. 2021-08-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  14. 2021-08-06
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  15. 2021-07-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2020-09-21
    PATEL, Rajal Atul appointed
    llp-designated-member
  17. 2020-09-21
    📄
    change-account-reference-date-limited-liability-partnership-current-shortened
    accounts · LLAA01
  18. 2020-09-21
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC01
  19. 2020-09-21
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  20. 2020-07-14
    🏢
    Company incorporated
    As AR & SP PROPERTIES LLP
  21. 2020-07-14
    PATEL, Atulkumar Madhusudan appointed
    llp-designated-member
  22. 2020-07-14
    PATEL, Shail Atul appointed
    llp-designated-member
  23. 2020-07-14
    📄
    incorporation-limited-liability-partnership
    incorporation · LLIN01

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Rajal Atul Patel
Individual · British · DOB 07/1960 · age 66
25–50%25-50% voting21/09/2020
Mr Shail Atul Patel
Individual · British · DOB 10/1989 · age 37
25–50%25-50% voting14/07/2020
Mr Atulkumar Madhusudan Patel
Individual · British · DOB 12/1956 · age 70
25–50%25-50% voting14/07/2020

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
Incorporated2020-07-14
Jurisdictionengland-wales
Primary SIC

Registered office

Suite 115 Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
England

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13

Officers (3 active · 0 resigned)

PATEL, Atulkumar Madhusudan
llp-designated-member · ~70y · appointed 2020-07-14
View their other companies + combined net worth →
Active
PATEL, Rajal Atul
llp-designated-member · ~66y · appointed 2020-09-21
View their other companies + combined net worth →
Active
PATEL, Shail Atul
llp-designated-member · ~37y · appointed 2020-07-14
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property02/09/2021
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property06/08/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-07-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-27
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-07-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-20
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
change-account-reference-date-limited-liability-partnership-previous-shortened
accounts · LLAA01
2021-12-31
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-09-09
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-08-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-07-20
change-account-reference-date-limited-liability-partnership-current-shortened
accounts · LLAA01
2020-09-21
notification-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC01
2020-09-21