51-54 GRACECHURCH STREET (NO.2) LIMITED

🌳Matureactive
04156647 · ltd · incorporated 2001-02-08
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 Jun 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 83). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 10 lenders · oldest 24.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 24.5 years old — likely at or near maturity.
  • · 10 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
30 connected companies via shared directors
90
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
  1. 2026-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-11-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-11-27
    🔒
    Charge registered #11
    Lender: Zorin Avenue Lendco 6 Limited
  5. 2024-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-11-30
    🔓
    Charge satisfied #6
  8. 2023-11-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-11-03
    🔒
    Charge registered #10
    Lender: Zorin Avenue Lendco 6 Limited
  10. 2023-04-26
    ➕
    COLE, Niki Maxine appointed
    director
  11. 2023-04-26
    ➖
    COLE, Terence Shelby resigned
    director
  12. 2023-04-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-04-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2023-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2022-03-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2021-04-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2020-02-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2019-03-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-02-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2017-04-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2014-10-01
    🔓
    Charge satisfied #9
  22. 2013-10-07
    🔓
    Charge satisfied #8
  23. 2013-10-07
    🔓
    Charge satisfied #7
  24. 2013-09-06
    🔒
    Charge registered #9
    Lender: Sculptor Finance (Md) Ireland Limited
  25. 2010-07-01
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC for Itself and as Agent and Security Trustee for the Finance Parties
  26. 2010-01-20
    🔓
    Charge satisfied #2
  27. 2010-01-20
    🔓
    Charge satisfied #1
  28. 2006-07-05
    🔓
    Charge satisfied #5
  29. 2005-07-14
    🔓
    Charge satisfied #4
  30. 2005-07-14
    🔓
    Charge satisfied #3
  31. 2005-07-05
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland as Agent and Trustee for and on Behalf of Thelenders
  32. 2005-07-05
    🔒
    Charge registered #6
    Lender: Royal Exchange Trust Company Limited
  33. 2005-05-04
    🔒
    Charge registered #5
    Lender: Anglo Irish Bank Corporation PLC
  34. 2003-11-24
    🔒
    Charge registered #4
    Lender: Bayerische Hypo- Und Vereinsbank Aktiengesellschaft, London Branch (As Security Trustee for Thefinance Parties)
  35. 2003-11-24
    🔒
    Charge registered #3
    Lender: Bayerische Hypo-Und Vereinsbank Aktiengesellshaft, London Branch. as Security Trustee of the Finance Parties
  36. 2002-09-14
    ➖
    WAGSTAFF, Christopher David resigned
    director
  37. 2002-09-10
    ➕
    WAGSTAFF, Christopher David appointed
    director
  38. 2001-11-30
    ➕
    STEINBERG, Mark Neil appointed
    secretary
  39. 2001-11-30
    ➕
    COLLINS, Steven Ross appointed
    director
  40. 2001-11-30
    ➕
    STEINBERG, Mark Neil appointed
    director
  41. 2001-11-30
    ➖
    DUDGEON, Peter Maxwell resigned
    secretary
  42. 2001-11-30
    ➕
    COLE, Terence Shelby appointed
    director
  43. 2001-11-30
    ➖
    LAND SECURITIES MANAGEMENT SERVICES LIMITED resigned
    corporate-director
  44. 2001-11-30
    🔒
    Charge registered #2
    Lender: Law Debenture Trustees Limited
  45. 2001-11-30
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland for Itself and as Trusteefor and on Behalf of the Lenders.
  46. 2001-02-22
    ➕
    DUDGEON, Peter Maxwell appointed
    secretary
  47. 2001-02-22
    ➖
    EPS SECRETARIES LIMITED resigned
    corporate-secretary
  48. 2001-02-22
    ➕
    LAND SECURITIES MANAGEMENT SERVICES LIMITED appointed
    corporate-director
  49. 2001-02-22
    ➖
    MIKJON LIMITED resigned
    corporate-director
  50. 2001-02-08
    🏢
    Company incorporated
    As 51-54 GRACECHURCH STREET (NO.2) LIMITED
Showing most recent 50 of 52 events

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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

C.G.I.S. (Gracechurch Street) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
C.G.I.S. (Gracechurch Street) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
51-54 GRACECHURCH STREET (NO.2) LIMITED
This company · 04156647

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%
NameSharesVoting rightsNature of controlNotified
C.G.I.S. (Gracechurch Street) Limited
Corporate entity
75–100%
—75-100% 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
Incorporated2001-02-08
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

10 Upper Berkeley Street
London
W1H 7PE

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08

Officers (4 active · 6 resigned)

STEINBERG, Mark Neil→
secretary · appointed 2001-11-30
View their other companies + combined net worth →
Active
COLE, Niki Maxine→
director · ~83y · appointed 2023-04-26
View their other companies + combined net worth →
Active
COLLINS, Steven Ross→
director · ~74y · appointed 2001-11-30
View their other companies + combined net worth →
Active
STEINBERG, Mark Neil→
director · ~67y · appointed 2001-11-30
View their other companies + combined net worth →
Active
DUDGEON, Peter Maxwell→
secretary · appointed 2001-02-22 · resigned 2001-11-30
Resigned
EPS SECRETARIES LIMITED→
corporate-secretary · appointed 2001-02-08 · resigned 2001-02-22
Resigned
COLE, Terence Shelby→
director · ~94y · appointed 2001-11-30 · resigned 2023-04-26
Resigned
WAGSTAFF, Christopher David→
director · ~64y · appointed 2002-09-10 · resigned 2002-09-14
Resigned
LAND SECURITIES MANAGEMENT SERVICES LIMITED→
corporate-director · appointed 2001-02-22 · resigned 2001-11-30
Resigned
MIKJON LIMITED→
corporate-director · appointed 2001-02-08 · resigned 2001-02-22
Resigned

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

Mortgages & charges

11
Total charges
2
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Zorin Avenue Lendco 6
Zorin Avenue Lendco 6 Limited
A registered charge1 property27/11/2024—
outstanding
Zorin Avenue Lendco 6
Zorin Avenue Lendco 6 Limited
A registered charge1 property03/11/2023—
satisfied
Sculptor Finance (Md) Ireland
Sculptor Finance (Md) Ireland Limited
A registered charge1 property06/09/201301/10/2014
satisfied
Lloyds Banking Group
Bank of Scotland PLC for Itself and as Agent and Security Trustee for the Finance Parties
Floating charge1 property01/07/201007/10/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland as Agent and Trustee for and on Behalf of Thelenders
Floating charge1 property05/07/200507/10/2013
satisfied
Royal Exchange Trust Company
Royal Exchange Trust Company Limited
Fifty-fifth supplemental trust deed1 property05/07/200530/11/2023
satisfied
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Debenture1 property04/05/200505/07/2006
satisfied
Bayerische Hypo- Und Vereinsbank Aktiengesellschaft, London Branch (As Security Trustee for Thefinance Parties)
Debenture1 property24/11/200314/07/2005
satisfied
Bayerische Hypo-Und Vereinsbank Aktiengesellshaft, London Branch. as Security Trustee of the Finance Parties
Deeds of accession dated 24 november 2003 to a subordination deed dated 24 december 2002 (the "subordination deed) pursuant to which the company will become an obligor and a subordinated creditor under the subordination deed.1 property24/11/200314/07/2005
satisfied
Law Debenture Trustees
Law Debenture Trustees Limited
Sixteenth supplemental trust deed (as defined)4 properties30/11/200120/01/2010
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland for Itself and as Trusteefor and on Behalf of the Lenders.
Floating charge2 properties30/11/200120/01/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-19
accounts-with-accounts-type-dormant
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-27
accounts-with-accounts-type-dormant
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-06
termination-director-company-with-name-termination-date
officers · TM01
2023-04-26
appoint-person-director-company-with-name-date
officers · AP01
2023-04-26
accounts-with-accounts-type-dormant
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-10
accounts-with-accounts-type-dormant
accounts · AA
2022-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-22