38 BANK STREET LIMITED

🌳Matureactive
04144070 · ltd · incorporated 2001-01-18
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
Upgrade to see
Turnover
year to Jan 2025
Net worth
£567.2k
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
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -88% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 25.3y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 25.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £567,181
Net assets shrinking
Down £234,648 YoY
Cash draining
Cash down 88% YoY
Cash YoY
-88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 88% YoY
Net Worth
£567k
↓ 29% YoY
Current Assets
£6k
↓ 75% YoY
Current Liabilities
£0£160k£321k£481k£641k£802kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£567.2k£801.8k
Current assets£5.7k£22.8k
Cash£2.4k£20.8k
Debtors£3.3k£2.1k
Net assets£567.2k£801.8k

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  3. 2025-05-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-05-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-04-01
    MORGAN, Simon Bruce appointed
    secretary
  6. 2025-04-01
    FOX, Patrick Michael resigned
    secretary
  7. 2025-04-01
    FOX, Patrick Michael resigned
    director
  8. 2024-09-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-09-20
    🔓
    Charge satisfied #3
  10. 2024-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-04-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2021-04-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-04-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-04-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-04-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-04-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-03-29
    FOX, Vanessa Jane appointed
    director
  23. 2019-03-29
    MORGAN, Emma Louise Theresa Filamena appointed
    director
  24. 2019-03-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2012-08-07
    🔓
    Charge satisfied #2
  26. 2012-08-07
    🔓
    Charge satisfied #1
  27. 2012-07-13
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  28. 2001-01-31
    🔒
    Charge registered #2
    Lender: Bristol & West PLC
  29. 2001-01-31
    🔒
    Charge registered #1
    Lender: Bristol & West PLC
  30. 2001-01-18
    🏢
    Company incorporated
    As 38 BANK STREET LIMITED
  31. 2001-01-18
    MORGAN, Simon Bruce appointed
    director
  32. 2001-01-18
    FOX, Patrick Michael appointed
    secretary
  33. 2001-01-18
    BRISTOL LEGAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  34. 2001-01-18
    BRISTOL LEGAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  35. 2001-01-18
    FOX, Patrick Michael appointed
    director
  36. 2001-01-18
    BOURSE NOMINEES LIMITED appointed
    corporate-nominee-director
  37. 2001-01-18
    BOURSE NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Cypress Investments Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Cypress Investments Ltd
Corporate parent · holds 25-50% shares
significant stake
38 BANK STREET LIMITED
This company · 04144070

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Cypress Investments Ltd
Corporate entity
2550%
25-50% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2001-01-18
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Pje Chartered Accountants, 2 Oakfield Road
Clifton
Bristol
BS8 2AL
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (4 active · 4 resigned)

MORGAN, Simon Bruce
secretary · appointed 2025-04-01
View their other companies + combined net worth →
Active
FOX, Vanessa Jane
director · ~67y · appointed 2019-03-29
View their other companies + combined net worth →
Active
MORGAN, Emma Louise Theresa Filamena
director · ~59y · appointed 2019-03-29
View their other companies + combined net worth →
Active
MORGAN, Simon Bruce
director · ~64y · appointed 2001-01-18
View their other companies + combined net worth →
Active
FOX, Patrick Michael
secretary · appointed 2001-01-18 · resigned 2025-04-01
Resigned
BRISTOL LEGAL SERVICES LIMITED
corporate-nominee-secretary · appointed 2001-01-18 · resigned 2001-01-18
Resigned
FOX, Patrick Michael
director · ~68y · appointed 2001-01-18 · resigned 2025-04-01
Resigned
BOURSE NOMINEES LIMITED
corporate-nominee-director · appointed 2001-01-18 · resigned 2001-01-18
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
Legal mortgage1 property13/07/201220/09/2024
satisfied
Bristol & West
Bristol & West PLC
Deed of rental assignment1 property31/01/200107/08/2012
satisfied
Bristol & West
Bristol & West PLC
Mortgage1 property31/01/200107/08/2012

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-14
appoint-person-secretary-company-with-name-date
officers · AP03
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-05-23
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-07
change-person-secretary-company-with-change-date
officers · CH03
2021-04-21