HOUSING TRANSFORMATION LTD

💤Zombieactive
SC660595 · ltd · incorporated 2020-05-05
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 May 2025
Net worth
£8.1k
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. 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

6 live charges · 3 lenders · oldest 4.2y

5/100
under pressure

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

  • · Charge age ~4.2 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
79
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 £8,128
Very low cash
Cash position: £20
Net assets shrinking
Down £5,198 YoY
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£20
↓ 99% YoY
Net Worth
£8k
↓ 39% YoY
Current Assets
£311
↓ 91% YoY
Current Liabilities
—
£0£3k£5k£8k£11k£13kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£200.6k£171.2k
Current assets£311£3.3k
Cash£20£3.0k
Debtors£291£291
Net assets£8.1k£13.3k

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
1
filing
  • • 1 address
Last 90 days
3
filings
  • • 2 address
  • • 1 accounts
Last 180 days
3
filings
  • • 2 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-11-12
    🔒
    Charge registered #6
    Lender: Lendinvest Btl Limited (Company Number 10845703) Having Its Registered Office at 8 Mortimer Street, London W1T 3JJ
  7. 2024-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-01-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-01-05
    🔒
    Charge registered #5
    Lender: The Mortgage Works (UK) PLC
  10. 2024-01-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-12-28
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  12. 2023-12-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2023-12-27
    🔓
    Charge satisfied #1
  14. 2023-06-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2023-06-29
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  16. 2023-05-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2023-05-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2023-05-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2023-05-05
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  20. 2023-03-24
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  21. 2023-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2022-05-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2022-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2022-02-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2022-02-16
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  26. 2020-05-05
    🏢
    Company incorporated
    As HOUSING TRANSFORMATION LTD
  27. 2020-05-05
    ➕
    ILUORE, Theophilus appointed
    director
  28. 2020-05-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 low
5 live charges
low

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

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Theophilus Iluore
Individual · British · DOB 05/1984 · age 42
75–100%
75–100%board control75-100% shares · 75-100% voting · board control05/05/2020

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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———————
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
Incorporated2020-05-05
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

16 Cairngorm Crescent
Aberdeen
AB12 5BL
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-18
Last: 2025-05-04

Officers (1 active · 0 resigned)

ILUORE, Theophilus→
director · ~42y · appointed 2020-05-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
LendInvest
Lendinvest Btl Limited (Company Number 10845703) Having Its Registered Office at 8 Mortimer Street, London W1T 3JJ
A registered charge1 property12/11/2024—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property05/01/2024—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property28/12/2023—
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property29/06/2023—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property05/05/2023—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property16/02/202227/12/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-03
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-18
change-person-director-company-with-change-date
officers · CH01
2023-05-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-18