ELEGANZA SPOSA LIMITED

🌳Matureactive

SC304660 · ltd · incorporated 2006-06-28

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.49M

book net assets

Opportunity

78/100

Strong

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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

Property-backed borrower with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -37% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 17.5y

30/100

under pressure

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

· Oldest live charge is 17.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

59 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,490,638

Net assets shrinking

Down £69,018 YoY

Cash YoY

-37%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£52k

↓ 37% YoY

Net Worth

£1.5m

↓ 4.4% YoY

Current Assets

£52k

Current Liabilities

—

Hover 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	£1.49M	£1.56M
Current assets	£51.5k	—
Cash	£51.5k	£81.3k
Net assets	£1.49M	£1.56M

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-11-30
🔒
Charge registered #6
Lender: Charter Court Financial Services Limited
2017-10-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-10-19
🔒
Charge registered #5
Lender: Charter Court Financial Services Limited
2017-09-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-09-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2016-12-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-07-20
🔒
Charge registered #4
Lender: Lloyds Tsb Scotland PLC
2008-12-09
🔒
Charge registered #3
Lender: Lloyds Tsb Scotland PLC
2008-12-08
🔒
Charge registered #2
Lender: Lloyds Tsb Scotland PLC
2008-11-18
🔒
Charge registered #1
Lender: Lloyds Tsb Scotland PLC
2006-06-29
➕
CIRIGNACO, Anna appointed
secretary
2006-06-29
➕
CIRIGNACO, Anna appointed
director
2006-06-29
➕
CIRIGNACO, Antonio appointed
director
2006-06-29
➖
BRIGHTON SECRETARY LTD resigned
corporate-nominee-secretary
2006-06-29
➖
BRIGHTON DIRECTOR LTD resigned
corporate-nominee-director
2006-06-28
🏢
Company incorporated
As ELEGANZA SPOSA LIMITED
2006-06-28
➕
BRIGHTON SECRETARY LTD appointed
corporate-nominee-secretary
2006-06-28
➕
BRIGHTON DIRECTOR LTD appointed
corporate-nominee-director

Owner dependency

91/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 20 years.
secondaryStable-but-static management: Company is 20 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

1 low

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Anna Cirignaco Individual · British · DOB 06/1962 · age 64	—	—	sig. influencesignificant influence	01/07/2016
Mr Antonio Cirignaco Individual · British · DOB 08/1961 · age 65	—	—	sig. influencesignificant influence	01/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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EVOLVE PROPERTY LIMITED→ SC341634 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
EWART PROPERTIES LTD→ SC881628 · est 2026 · no financials extracted	—	—	—	—	—	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2006-06-28

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4d Auchingramont Road

Hamilton

ML3 6JT

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-29

Last: 2026-04-15

Officers (3 active · 2 resigned)

CIRIGNACO, Anna→

secretary · appointed 2006-06-29

View their other companies + combined net worth →

Active

CIRIGNACO, Anna→

director · ~64y · appointed 2006-06-29

View their other companies + combined net worth →

Active

CIRIGNACO, Antonio→

director · ~65y · appointed 2006-06-29

View their other companies + combined net worth →

Active

BRIGHTON SECRETARY LTD→

corporate-nominee-secretary · appointed 2006-06-28 · resigned 2006-06-29

Resigned

BRIGHTON DIRECTOR LTD→

corporate-nominee-director · appointed 2006-06-28 · resigned 2006-06-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Precise Mortgages Charter Court Financial Services Limited	A registered charge	1 property	30/11/2017	—
outstanding	Precise Mortgages Charter Court Financial Services Limited	A registered charge	1 property	19/10/2017	—
outstanding	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	20/07/2011	—
outstanding	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	09/12/2008	—
outstanding	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	08/12/2008	—
outstanding	Lloyds Banking Group Lloyds Tsb Scotland PLC	Bond & floating charge	1 property	18/11/2008	—

Click column headers to sort. Use filters above to narrow by status and lender.