023 LTD
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
2 live charges · oldest 2.6y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.6 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 2700 | 4200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (11 events)Click to expand
- 2025-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-26🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2023-12-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-29🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2023-02-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-19🏢Company incorporatedAs 023 LTD
- 2021-05-19➕SHU, Meiqi appointeddirector
- 2021-05-19📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanGroup structure
Rivernorth Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Rivernorth Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 19/05/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ACOOLAUDIO LTD→ SC814831 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTIVATE YOUR SEAT LTD→ SC626217 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ACTIVE BPM LIMITED→ SC828387 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AD PARAGON LTD→ SC659268 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ADDIEWELL CONVENIENCE STORE LTD→ SC491149 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AESTHETIC INDUSTRIES LTD→ SC843288 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AETLA LIMITED→ SC672260 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AFEYA LTD→ SC833361 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AILA ROSE LTD→ SC747919 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AIMAN ENTERPRISES LIMITED→ SC829925 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AIR EQUIPMENT LIMITED→ SC750076 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AIZA AYAT ENTERPRISE LTD→ SC711550 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | 2 properties | 26/01/2024 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 29/08/2023 | — |