11 TURNER STREET LIMITED

🏛️Establishedactive
13407380 · ltd · incorporated 2021-05-18
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.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-245.8k
book net assets
Opportunity
74/100
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 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £245,779

Key financials

1 year extracted from filed iXBRL accounts
Cash
£4k
Net Worth
-£246k
Current Assets
£284k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Total assets£659.2k
Current assets£283.5k
Cash£3.8k
Debtors£279.7k
Net assets£-245.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-06-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-06-28
    🔒
    Charge registered #1
    Lender: Castle Trust Capital PLC
  6. 2024-02-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-05-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-02-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-18
    🏢
    Company incorporated
    As 11 TURNER STREET LIMITED
  11. 2021-05-18
    PANINI, Gianmaria appointed
    director
  12. 2021-05-18
    ZELLER, Markus appointed
    director
  13. 2021-05-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Elite Capital Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Elite Capital Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
11 TURNER STREET LIMITED
This company · 13407380

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Elite Capital Group Limited
Corporate entity
75100%
75-100% shares18/05/2021
Mr Markus Zeller
Individual · German · DOB 08/1974 · age 52
board controlboard control18/05/2021
Mr Gianmaria Panini
Individual · Italian · DOB 11/1985 · age 41
board controlboard control18/05/2021

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
Incorporated2021-05-18
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

809 Salisbury House
29finsbury Circus
London
EC2M 7AQ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-31
Last: 2025-05-17

Officers (2 active · 0 resigned)

PANINI, Gianmaria
director · ~41y · appointed 2021-05-18
View their other companies + combined net worth →
Active
ZELLER, Markus
director · ~52y · appointed 2021-05-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Castle Trust Capital
Castle Trust Capital PLC
A registered charge2 properties28/06/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-25
incorporation-company
incorporation · NEWINC
2021-05-18