1ST&68TH ENTERPRISES LTD

🌳Matureactive
SC245182 · ltd · incorporated 2003-03-06
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 17.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 17.6y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 17.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (76/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
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
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
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 employees200200

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 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-11-15
    🔓
    Charge satisfied #2
  6. 2022-12-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-12-23
    🔓
    Charge satisfied #1
  8. 2022-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-09-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-07-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2017-01-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-04-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-11-10
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  19. 2008-09-28
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  20. 2003-03-09
    ➕
    SPRAGUE, Annette Christine appointed
    secretary
  21. 2003-03-09
    ➕
    SPRAGUE, Annette Christine appointed
    director
  22. 2003-03-09
    ➖
    @UKPLC CLIENT SECRETARY LTD resigned
    corporate-nominee-secretary
  23. 2003-03-08
    ➕
    CROLL, Nicholas Thomas John appointed
    director
  24. 2003-03-08
    ➖
    @UKPLC CLIENT DIRECTOR LTD resigned
    corporate-nominee-director
  25. 2003-03-06
    🏢
    Company incorporated
    As 1ST&68TH ENTERPRISES LTD
  26. 2003-03-06
    ➕
    @UKPLC CLIENT SECRETARY LTD appointed
    corporate-nominee-secretary
  27. 2003-03-06
    ➕
    @UKPLC CLIENT DIRECTOR LTD appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

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
NameSharesVoting rightsNature of controlNotified
Mrs Annette Christine Sprague
Individual · British · DOB 11/1968 · age 58
25–50%
—25-50% shares06/04/2016
Mr Nicholas Thomas John Croll
Individual · British · DOB 04/1969 · age 57
25–50%
—25-50% shares06/04/2016

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
Typeltd
Incorporated2003-03-06
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

16 Belgrave Gardens
Edinburgh
EH12 6NA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (3 active · 2 resigned)

SPRAGUE, Annette Christine→
secretary · appointed 2003-03-09
View their other companies + combined net worth →
Active
CROLL, Nicholas Thomas John→
director · ~57y · appointed 2003-03-08
View their other companies + combined net worth →
Active
SPRAGUE, Annette Christine→
director · ~58y · appointed 2003-03-09
View their other companies + combined net worth →
Active
@UKPLC CLIENT SECRETARY LTD→
corporate-nominee-secretary · appointed 2003-03-06 · resigned 2003-03-09
Resigned
@UKPLC CLIENT DIRECTOR LTD→
corporate-nominee-director · appointed 2003-03-06 · resigned 2003-03-08
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property10/11/200815/11/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property28/09/200823/12/2022

Recent filings (68 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-07