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Lets Buy Limited

02614922

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • 6 outstanding charges (-10)

Details

18-20 FROGNAL, LONDON, NW3 6AG
Incorporated 28/05/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Lakis Michaelides

director · Since 02/05/2003

PROPERTY CONSULTANT

BRITISH · CYPRUS · Age 61

Persons with Significant Control

Mr Lakis Michaelides

75–100% shares

British · Cyprus · Age 61

18-20, Frognal, London, NW3 6AG

Notified 13/08/2024

Former PSCs

Mrs Panayiota Georgiou Michaelides

Ceased 13/08/2024

Charges6 outstanding

Charge
outstanding

LHV BANK LIMITED

Created 31/10/2025Registered 03/11/2025
Charge
outstanding

LHV BANK LIMITED

Created 06/05/2025Registered 09/05/2025
Charge
outstanding

EUROBANK PRIVATE BANK LUXEMBOURG S.A., LONDON BRANCH

Created 23/12/2024Registered 08/01/2025
Charge
outstanding

EUROBANK CYPRUS LTD

Created 29/08/2024Registered 30/08/2024
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 09/10/2020Registered 12/10/2020
Charge
satisfied

SHAWBROOK BANK LIMITED

Created 31/01/2020Registered 04/02/2020Satisfied 09/05/2025
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 31/01/2020Registered 03/02/2020
Charge
satisfied

OCTANE PROPERTY FINANCE LIMITED

Created 24/05/2018Registered 01/06/2018Satisfied 27/10/2025
Charge
satisfied

SECURE TRUST BANK PLC

Created 02/05/2018Registered 09/05/2018Satisfied 29/08/2024
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 02/05/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 02/05/2017Satisfied 17/05/2018
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 12/08/2024
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 12/08/2024
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 12/08/2024
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 12/08/2024
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 17/05/2018
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 17/05/2018
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 17/05/2018
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 17/05/2018
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 28/04/2017Satisfied 22/10/2025
Charge
satisfied

BANK OF CYPRUS UK LIMITED

Created 25/04/2017Registered 27/04/2017Satisfied 22/10/2025
Charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 27/05/2015Registered 30/05/2015Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 05/08/2011Registered 09/08/2011Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 05/08/2011Registered 09/08/2011Satisfied 27/04/2017
charge
satisfied

MARFIN POPULAR BANK CO LTD

Created 30/09/2010Registered 14/10/2010Satisfied 22/07/2011
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 07/07/2008Registered 10/07/2008Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 07/07/2008Registered 10/07/2008Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 08/08/2007Registered 17/08/2007Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 01/03/2007Registered 07/03/2007Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 01/03/2007Registered 07/03/2007Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 02/08/2001Registered 07/08/2001Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 03/04/2000Registered 07/04/2000Satisfied 27/04/2017
charge
satisfied

NORTHERN ROCK PLC

Created 24/02/2000Registered 03/03/2000Satisfied 10/07/2008
charge
satisfied

NORTHERN ROCK PLC

Created 24/02/2000Registered 03/03/2000Satisfied 10/07/2008
charge
satisfied

THE CYPRUS POPULAR BANK

Created 30/07/1999Registered 04/08/1999Satisfied 10/07/2008
charge
satisfied

THE CYPRUS POPULAR BANK LTD

Created 25/06/1998Registered 11/07/1998Satisfied 10/07/2008
charge
satisfied

THE CYPRUS POPULAR BANK LTD

Created 25/06/1998Registered 11/07/1998Satisfied 10/07/2008
charge
satisfied

THE CYPRUS POPULAR BANK LIMITED

Created 15/12/1997Registered 17/12/1997Satisfied 10/07/2008
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 28/08/1997Registered 09/09/1997Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 28/08/1997Registered 30/08/1997Satisfied 27/04/2017
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 17/08/1995Registered 22/08/1995Satisfied 10/07/2008
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 03/07/1995Registered 13/07/1995Satisfied 27/04/2017
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 14/10/1994Registered 21/10/1994Satisfied 28/08/1997
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 01/07/1994Registered 20/07/1994Satisfied 27/04/2017
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 01/07/1994Registered 14/07/1994Satisfied 27/04/2017
charge
satisfied

WINTRUST SECURITIES LIMITED

Created 14/04/1994Registered 23/04/1994Satisfied 28/08/1997
charge
satisfied

WINTRUST SECURITIES LIMITED

Created 12/08/1993Registered 21/08/1993Satisfied 28/08/1997
charge
satisfied

COMMERCIAL ACCEPTANCES LIMITED

Created 19/07/1993Registered 26/07/1993Satisfied 03/03/2007
charge
satisfied

WINTRUST SECURITIES LIMITED

Created 15/06/1993Registered 23/06/1993Satisfied 28/08/1997
charge
satisfied

NORTHERN ROCK BUILDING SOCIETY

Created 01/02/1993Registered 11/02/1993Satisfied 10/07/2008
charge
satisfied

NORTHERN ROCK BUILDING SOCIETY

Created 01/02/1993Registered 11/02/1993Satisfied 10/07/2008
charge
satisfied

NORTHERN ROCK BUILDING SOCIETY

Created 01/02/1993Registered 11/02/1993Satisfied 10/07/2008
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 07/12/1992Registered 24/12/1992Satisfied 10/07/2008
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 07/12/1992Registered 24/12/1992Satisfied 28/08/1997
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 13/11/1992Registered 19/11/1992Satisfied 17/06/2015
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 13/11/1992Registered 19/11/1992Satisfied 28/08/1997
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 29/05/1992Registered 03/06/1992Satisfied 28/08/1997
charge
satisfied

CYPRUS POPULAR BANK LIMITED

Created 29/05/1992Registered 03/06/1992Satisfied 28/08/1997

CompanyRankvs 7297+ SIC 68100 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.82× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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7297Lets Buy Limited
76
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

£3.6M

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

£3.0M

Working capital

Current Assets

£6.6M

Current Liabilities

£3.6M

Fixed Assets

£3.1M

Debtors

£6.6M

Profit After Tax

-£63k

1avg. employees

Balance Sheet

Assets less current liabilities£6.1M
Prepared with PTP Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.82+£0
20251.82-£63k
20248.88—
202310.17—
20226.74-£2.9M
202111.29-£803k
202012.03+£95k
20197.04-£56k
20183.30—

Derived from filed accounts. Not audited figures.