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my concern is there is little substance behind any of his companies.
He is director of 6 active companies at Companies House,
1 of which is in voluntary liquidation with a deficit of £149k including owing Barclays £50k
1 has a worth of MINUS £96708
2 are worth £100k each but it is virtually all share capital held be him (so essentially worth nothing)
of the other two one has yet to file its 30/4/21 accounts
the other, Dover CItadel Ltd is late with its 31/1/23 accounts - its 22 accounts show
a net worth of £4.56m BUT this includes
Fixed Assets of £6.487m (after a revaluation reserve of £5.23m)
Bank loans of £2.347m
Its real value depends entirely on the market value of those revalued fixed assets...could be more, more likely to be less.
I would be worried if he is generating enough income to service the long term bank loans...
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