LETS BOOK LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 | £3.0k | £3.0k |
| Net assets | £4.9k | £4.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
Corporate timeline (38 events)Click to expand
- 2025-12-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-16📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-17📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-01-16➕EDWARDS, John Scott appointedsecretary
- 2018-12-17➖FLACK, Andrew John resigneddirector
- 2018-12-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-12-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-12-17📄change-person-director-company-with-change-dateofficers · CH01
- 2011-04-21➖BEATON, George Stewart resigneddirector
- 2011-04-21➕FLACK, Andrew John appointeddirector
- 2010-02-28➖COLES, Roy Walter Mcintosh resignedsecretary
- 2008-08-26➕EDWARDS, John Scott appointeddirector
- 2008-08-26➖FLACK, Andrew John resigneddirector
- 2007-03-29➕BEATON, George Stewart appointeddirector
- 2007-03-29➕FLACK, Andrew John appointeddirector
- 2006-12-21➖ROY, John Gordon resigneddirector
- 2006-12-21➖STIELL, John Fraser resigneddirector
- 2006-12-18➕COLES, Roy Walter Mcintosh appointedsecretary
- 2006-12-18➖SKRETTEBERG, Olav resignedsecretary
- 1999-08-25🏢Company incorporatedAs LETS BOOK LIMITED
- 1999-08-25➕SKRETTEBERG, Olav appointeddirector
- 1999-08-25➕SKRETTEBERG, Olav appointedsecretary
- 1999-08-25➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1999-08-25➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1999-08-25➕ROY, John Gordon appointeddirector
- 1999-08-25➕STIELL, John Fraser appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Olav Skretteberg Individual · Norwegian · DOB 03/1957 · age 69 | 25–50% | — | 25-50% shares | 25/08/2016 |
Mr John Scott Edwards Individual · British · DOB 09/1967 · age 59 | 25–50% | — | 25-50% shares | 25/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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7 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 →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
Registered office
Filing status
Officers (3 active · 8 resigned)
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