102KR LTD
💤Zombieactive
02633852 · ltd · incorporated 1991-07-31
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
£992.9k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. 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. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).
🏦
Refinance opportunity
12 live charges · 7 lenders · oldest 34.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.6 years old — likely at or near maturity.
- · 7 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
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 8 with DOB)
81
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
176 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
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £992,888
Cash YoY
-2%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£37k
↓ 1.7% YoY
Net Worth
£993k
↑ 4.8% YoY
Current Assets
£46k
↓ 8.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.09M | £1.08M |
| Current assets | £46.3k | £50.7k |
| Cash | £36.6k | £37.2k |
| Debtors | £9.7k | £13.5k |
| Net assets | £992.9k | £947.8k |
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 (72 events)Click to expand
- 2025-10-17📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-10-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-05-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-07➕HUGHES, Nathan Robert appointedsecretary
- 2025-04-07➕HUGHES, Nathan Robert appointeddirector
- 2025-04-07➖SKIPSEY, Norman Arthur resignedsecretary
- 2025-04-07➖SKIPSEY, Linda Isabella resigneddirector
- 2025-04-07➖SKIPSEY, Norman Arthur resigneddirector
- 2025-04-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-04-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-04-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-04-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-07🔒Charge registered #13Lender: Barclays Security Trustee Limited
- 2025-03-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-03-26🔓Charge satisfied #10
- 2024-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-05📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-02-27📄gazette-notice-compulsorygazette · GAZ1
- 2023-08-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-24🔓Charge satisfied #12
- 2023-08-24🔓Charge satisfied #11
- 2023-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-02🔓Charge satisfied #9
- 2018-02-02🔓Charge satisfied #8
- 2017-12-01➖BAINBRIDGE, Cedric resignedsecretary
- 2017-12-01➕SKIPSEY, Norman Arthur appointedsecretary
- 2016-11-01➕BAINBRIDGE, Cedric appointedsecretary
- 2016-11-01➖CARASS, Ian resignedsecretary
- 2015-01-28➖BAINBRIDGE, Cedric resigneddirector
- 2015-01-28➕SKIPSEY, Linda Isabella appointeddirector
- 2015-01-28➕SKIPSEY, Norman Arthur appointeddirector
- 2014-01-06🔒Charge registered #12Lender: Hsbc Bank PLC
- 2013-11-24🔒Charge registered #11Lender: Hsbc Bank PLC
- 2013-11-22➕BAINBRIDGE, Cedric appointeddirector
- 2013-11-22➖SKIPSEY, Linda Isabella resigneddirector
- 2013-11-22➖SKIPSEY, Norman Arthur resigneddirector
- 2013-11-22🔒Charge registered #10Lender: Linda Isabella Skipsey
- 2013-09-29➕CARASS, Ian appointedsecretary
- 2013-09-29➖SKIPSEY, Norman Arthur resignedsecretary
- 2010-09-14🔓Charge satisfied #7
- 2010-08-21🔓Charge satisfied #5
- 2010-08-21🔓Charge satisfied #4
- 2009-10-16🔓Charge satisfied #3
Showing most recent 50 of 72 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Northern Factory Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Northern Factory Ltd
Corporate parent · holds 75-100% shares · board control
⬇
102KR LTD
This company · 02633852
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Northern Factory Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/04/2025 |
Mr Nathan Robert Hughes Individual · British · DOB 11/1990 · age 36 | — | — | sig. influencesignificant influence | 07/04/2025 |
2 historic (ceased) PSCs
- Mr Norman Arthur Skipseyceased 07/04/2025· 25-50% shares
- Mrs Linda Isabella Skipseyceased 07/04/2025· 25-50% shares
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 →Similar companies
Active · Property · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 0113 LTD→ 16902310 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 0161 HOLDINGS LIMITED→ 16282620 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1 APEX WAY LTD→ 12132717 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 1 STOP PROPERTY INVESTMENTS LTD→ 16495893 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 10/10A PARK VIEW MANAGEMENT COMPANY LTD→ 08425815 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| 10/50 PROPERTIES LTD→ 15694842 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 101 GROUP LIMITED→ 14890966 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 101CITYLETS LTD→ 16324983 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 11 LUDLOW CROFT LTD→ 16478036 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 11 PARK PLACE (LEEDS) LTD→ 16031203 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 11 QUEEN STREET RIPON (MANAGEMENT) LIMITED→ 07420774 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| 116 CARDIGAN ROAD LIMITED→ 09115358 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1991-07-31
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
102 Kirkstall Road
Leeds
LS3 1JA
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-21
Last: 2025-04-07
Officers (2 active · 13 resigned)
HUGHES, Nathan Robert→
Activesecretary · appointed 2025-04-07
View their other companies + combined net worth →
HUGHES, Nathan Robert→
Activedirector · ~36y · appointed 2025-04-07
View their other companies + combined net worth →
BAINBRIDGE, Cedric→
Resignedsecretary · appointed 2016-11-01 · resigned 2017-12-01
BAINBRIDGE, Cedric→
Resignedsecretary · appointed 1991-07-31 · resigned 1999-07-02
CARASS, Ian→
Resignedsecretary · appointed 2013-09-29 · resigned 2016-11-01
SKIPSEY, Norman Arthur→
Resignedsecretary · appointed 2017-12-01 · resigned 2025-04-07
SKIPSEY, Norman Arthur→
Resignedsecretary · appointed 1999-07-02 · resigned 2013-09-29
YORK PLACE COMPANY NOMINEES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-07-31 · resigned 1991-07-31
BAINBRIDGE, Cedric→
Resigneddirector · ~66y · appointed 2013-11-22 · resigned 2015-01-28
BAINBRIDGE, Cedric→
Resigneddirector · ~66y · appointed 1991-07-31 · resigned 1999-07-02
REEVE WILSON, Andrew→
Resigneddirector · ~65y · appointed 1996-09-01 · resigned 1998-06-30
SKIPSEY, Linda Isabella→
Resigneddirector · ~76y · appointed 2015-01-28 · resigned 2025-04-07
SKIPSEY, Linda Isabella→
Resigneddirector · ~76y · appointed 1999-07-02 · resigned 2013-11-22
SKIPSEY, Norman Arthur→
Resigneddirector · ~77y · appointed 2015-01-28 · resigned 2025-04-07
SKIPSEY, Norman Arthur→
Resigneddirector · ~77y · appointed 1991-07-31 · resigned 2013-11-22
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
1
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | 1 property | 07/04/2025 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 06/01/2014 | 24/08/2023 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 24/11/2013 | 24/08/2023 | |
| satisfied | Linda Isabella Skipsey / Norman Arthur Skipsey | A registered charge | 1 property | 22/11/2013 | 26/03/2025 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Debenture | 1 property | 30/06/2009 | 02/02/2018 | |
| satisfied | Co-operative Bank The Co-Operative Bank PLC | Legal charge | 1 property | 30/06/2009 | 02/02/2018 | |
| satisfied | West Bromwich Building Society | Deed of assignment of rental income | 1 property | 20/08/1999 | 14/09/2010 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 26/05/1995 | 21/08/2010 | |
| satisfied | West Bromwich Building Society | Floating charge | 1 property | 31/08/1994 | 21/08/2010 | |
| satisfied | West Bromwich Building Society | Legal mortgage | 1 property | 31/08/1994 | 16/10/2009 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 29/11/1991 | 04/06/1994 | |
| satisfied | Alliance Paper Group . Alliance Paper Group PLC. | Debenture | 1 property | 27/09/1991 | 24/07/1992 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (176 total)
change-person-secretary-company-with-change-date
officers · CH03
2025-10-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-07
termination-director-company-with-name-termination-date
officers · TM01
2025-04-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-07
appoint-person-secretary-company-with-name-date
officers · AP03
2025-04-07
termination-director-company-with-name-termination-date
officers · TM01
2025-04-07
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-07
appoint-person-director-company-with-name-date
officers · AP01
2025-04-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-22