CODEBASE LTD

🌳Matureactive

SC437306 · ltd · incorporated 2012-11-21

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 11.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

£11.72M

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

ALSO REGISTERED FOR

82990Other business support service activities n.e.c.

Investor take

Pursue

Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

1 live charge · oldest 11.7y

95/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 11.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

14 officers (10 active, 14 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

9 connected companies via shared directors

Filing history

70 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

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

Profitable

Profit before tax £1,132,111

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31
Turnover	£11.72M
Operating profit	£1.11M
Profit before tax	£1.13M
Average employees	9600

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

filings

Last 90 days

filings

• 3 officers

Last 180 days

filings

• 3 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2026-03-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-02
➕
LENNOX, Richard David appointed
director
2026-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-16
➕
HOPE, Jonathan Alec appointed
director
2026-02-10
➕
DOUGRAY, Christopher Kennedy appointed
director
2025-12-22
📄
accounts-with-accounts-type-full
accounts · AA
2025-02-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-11
➕
LOWE, David John, Prof appointed
director
2025-01-10
📄
accounts-with-accounts-type-medium
accounts · AA
2025-01-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-31
➖
KHAN, Uzma resigned
director
2024-12-05
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-25
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-22
➕
MCLELLAN, Colin Wilson appointed
director
2024-05-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-21
➖
SMITH, Grant resigned
director
2023-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-09
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-08
➕
DHALIWAL, Kanwaldeep, Professor appointed
director
2022-07-08
➕
DUNION OBE, Gillian appointed
director
2022-07-08
➕
MATHESON, Janine Lynsey appointed
director
2022-07-08
➕
KHAN, Uzma appointed
director
2022-07-08
➕
SMITH, Grant appointed
director
2022-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-31
➖
COLEMAN, Iain resigned
director
2021-07-31
➖
COLEMAN, James Edward, Dr resigned
director
2021-07-27
🔓
Charge satisfied #1
2017-07-27
➕
DROST, Steven appointed
director
2016-09-30
➕
COLEMAN, Stephen Alan appointed
director
2016-09-30
➕
COLEMAN, Iain appointed
director
2014-07-25
🔒
Charge registered #1
Lender: Santander UK PLC
2012-11-21
🏢
Company incorporated
As CODEBASE LTD
2012-11-21
➕
COLEMAN, James Edward, Dr appointed
director

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-10 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.

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

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

🏛️

Codebase Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

CODEBASE LTD

This company · SC437306

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Codebase Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/11/2019

2 historic (ceased) PSCs

Mr Stephen Alan Colemanceased 27/11/2019· significant influence
Dr James Edward Colemanceased 20/11/2019· 75-100% shares · 75-100% voting

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

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1 RED HORSE PROPERTIES LIMITED→ SC866919 · est 2025 · no financials extracted	—	—	—	—	—	—	—
1LET LIMITED→ SC317107 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
1ST CONNECT HOMES LTD→ SC842552 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
1ST FOCUS LETTING LIMITED→ SC667911 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
1ZE ESTATE LTD→ SC788004 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
20 CABOT SQUARE I UNIT TRUST GP LIMITED→ SC312228 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
20 CABOT SQUARE II UNIT TRUST GP LIMITED→ SC312227 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
20 CABOT SQUARE II UNIT TRUST LP LIMITED→ SC312229 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
29A PROPERTIES LIMITED→ SC801300 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
34 MELVILLE STREET LIMITED→ SC714514 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
39 HANOVER LIMITED→ SC552449 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
3CLS PROPERTIES LIMITED→ SC772751 · est 2023 · no financials extracted	—	—	—	—	2y	—	—

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

Incorporated2012-11-21

Jurisdictionscotland

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

Registered office

Argyle House, 3

Lady Lawson Street

Edinburgh

EH3 9DR

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-06

Last: 2025-11-22