SP (WELWYN) LIMITED

🌳Matureactive
06287553 · ltd · incorporated 2007-06-20
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 2024
Net worth
—
book net assets
Opportunity
59/100
Worth a look
🔔
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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
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 37/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

9 live charges · 4 lenders · oldest 18.7y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 18.7 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review 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 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-312023-03-31
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
3
filings
  • • 2 gazette
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 gazette
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-03-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-03-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-03-23
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-02-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2021-09-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2019-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-03-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2015-07-14
    🔒
    Charge registered #9
    Lender: Aib Group (UK) P.L.C.
  17. 2015-07-14
    🔒
    Charge registered #8
    Lender: Aib Group (UK) P.L.C.
  18. 2014-04-01
    🔒
    Charge registered #7
    Lender: Aib Group (UK) P.L.C.
  19. 2014-04-01
    🔒
    Charge registered #6
    Lender: Aib Group (UK) P.L.C.
  20. 2013-07-25
    🔒
    Charge registered #5
    Lender: Aib Group (UK) PLC
  21. 2013-07-25
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  22. 2012-03-06
    🔓
    Charge satisfied #3
  23. 2012-03-06
    🔓
    Charge satisfied #2
  24. 2012-03-06
    🔓
    Charge satisfied #1
  25. 2012-02-29
    ➕
    SANDHU, Sundeep Singh appointed
    secretary
  26. 2012-02-29
    ➕
    SANDHU, Ricky Sernjeet Singh appointed
    director
  27. 2012-02-29
    ➕
    SANDHU, Sundeep Singh appointed
    director
  28. 2012-02-29
    ➖
    WOOD-SMITH, Ian Michael resigned
    secretary
  29. 2012-02-29
    ➖
    SMITH, Ian resigned
    director
  30. 2012-02-29
    ➖
    WOOD-SMITH, Ian Michael resigned
    director
  31. 2011-07-18
    ➖
    BRACKEN, Michael Ernest resigned
    director
  32. 2011-07-18
    ➖
    HOMAN, Jonathan Philip resigned
    director
  33. 2007-07-30
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  34. 2007-07-30
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  35. 2007-07-30
    🔒
    Charge registered #1
    Lender: Robert John Madejski Obe Dl
  36. 2007-06-25
    ➕
    WOOD-SMITH, Ian Michael appointed
    secretary
  37. 2007-06-25
    ➖
    SPEAFI SECRETARIAL LIMITED resigned
    corporate-secretary
  38. 2007-06-25
    ➕
    BRACKEN, Michael Ernest appointed
    director
  39. 2007-06-25
    ➕
    HOMAN, Jonathan Philip appointed
    director
  40. 2007-06-25
    ➕
    SMITH, Ian appointed
    director
  41. 2007-06-25
    ➕
    WOOD-SMITH, Ian Michael appointed
    director
  42. 2007-06-25
    ➖
    SPEAFI LIMITED resigned
    corporate-director
  43. 2007-06-20
    🏢
    Company incorporated
    As SP (WELWYN) LIMITED
  44. 2007-06-20
    ➕
    SPEAFI SECRETARIAL LIMITED appointed
    corporate-secretary
  45. 2007-06-20
    ➕
    SPEAFI LIMITED appointed
    corporate-director

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

54/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-12-31

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

6 live charges
low

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Sundeep Singh Sandhu
Individual · British · DOB 01/1976 · age 50
——sig. influencesignificant influence14/06/2017

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

9 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
Incorporated2007-06-20
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

2 Wellington Road
London
NW8 9SP

Filing status

Accounts
Next due: 2025-12-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (3 active · 7 resigned)

SANDHU, Sundeep Singh→
secretary · appointed 2012-02-29
View their other companies + combined net worth →
Active
SANDHU, Ricky Sernjeet Singh→
director · ~55y · appointed 2012-02-29
View their other companies + combined net worth →
Active
SANDHU, Sundeep Singh→
director · ~50y · appointed 2012-02-29
View their other companies + combined net worth →
Active
WOOD-SMITH, Ian Michael→
secretary · appointed 2007-06-25 · resigned 2012-02-29
Resigned
SPEAFI SECRETARIAL LIMITED→
corporate-secretary · appointed 2007-06-20 · resigned 2007-06-25
Resigned
BRACKEN, Michael Ernest→
director · ~79y · appointed 2007-06-25 · resigned 2011-07-18
Resigned
HOMAN, Jonathan Philip→
director · ~81y · appointed 2007-06-25 · resigned 2011-07-18
Resigned
SMITH, Ian→
director · ~67y · appointed 2007-06-25 · resigned 2012-02-29
Resigned
WOOD-SMITH, Ian Michael→
director · ~67y · appointed 2007-06-25 · resigned 2012-02-29
Resigned
SPEAFI LIMITED→
corporate-director · appointed 2007-06-20 · resigned 2007-06-25
Resigned

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

Mortgages & charges

9
Total charges
6
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Aib Group (UK) P.L.C.
A registered charge—14/07/2015—
outstanding
Aib Group (UK) P.L.C.
A registered charge1 property14/07/2015—
outstanding
Aib Group (UK) P.L.C.
A registered charge1 property01/04/2014—
outstanding
Aib Group (UK) P.L.C.
A registered charge1 property01/04/2014—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property25/07/2013—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property25/07/2013—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property30/07/200706/03/2012
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property30/07/200706/03/2012
satisfied
Robert John Madejski Obe Dl
Legal charge1 property30/07/200706/03/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (88 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-22
gazette-notice-compulsory
gazette · GAZ1
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-07
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-08