402 STRAND LIMITED

🌳Matureactive
04422736 · ltd · incorporated 2002-04-23
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Renting and operating of Housing Association real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 91-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (73/100, director aged 91). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 24.0y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 24.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — 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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 4 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
70 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£0Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Average employees3300

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-02-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-07-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-02-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-07-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2014-01-15
    🔓
    Charge satisfied #2
  17. 2014-01-15
    🔓
    Charge satisfied #1
  18. 2013-12-12
    🔓
    Charge satisfied #3
  19. 2005-12-30
    ➕
    TURNER, Keith Michael appointed
    secretary
  20. 2005-12-30
    ➕
    BURNS, Lounica Maureen Patricia appointed
    director
  21. 2005-12-30
    ➖
    SMITH, Stephen resigned
    secretary
  22. 2005-12-30
    ➖
    SMITH, Stephen resigned
    director
  23. 2004-06-29
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  24. 2003-06-17
    🔒
    Charge registered #3
    Lender: Hsbc Republic Bank (UK) Limited
  25. 2002-08-01
    🔒
    Charge registered #2
    Lender: Hsbc Republic Bank (UK) Limited
  26. 2002-08-01
    🔒
    Charge registered #1
    Lender: Hsbc Republic Bank (UK) Limited
  27. 2002-04-23
    🏢
    Company incorporated
    As 402 STRAND LIMITED
  28. 2002-04-23
    ➕
    TURNER, Keith Michael appointed
    director
  29. 2002-04-23
    ➕
    WEITZENHOFFER, Max appointed
    director
  30. 2002-04-23
    ➕
    SMITH, Stephen appointed
    secretary
  31. 2002-04-23
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  32. 2002-04-23
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  33. 2002-04-23
    ➕
    SMITH, Stephen appointed
    director
  34. 2002-04-23
    ➕
    COMBINED NOMINEES LIMITED appointed
    corporate-nominee-director
  35. 2002-04-23
    ➖
    COMBINED NOMINEES LIMITED resigned
    corporate-nominee-director
  36. 2002-04-23
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-director
  37. 2002-04-23
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-director

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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 91 — 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 91 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

Weitzenhoffer Theatres Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Weitzenhoffer Theatres Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
402 STRAND LIMITED
This company · 04422736

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
Weitzenhoffer Theatres Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting · firm interest06/04/2016

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
Incorporated2002-04-23
Jurisdictionengland-wales
Primary SIC68201 — Renting and operating of Housing Association real estate

Registered office

27 Mortimer Street
London
W1T 3BL

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12

Officers (4 active · 5 resigned)

TURNER, Keith Michael→
secretary · appointed 2005-12-30
View their other companies + combined net worth →
Active
BURNS, Lounica Maureen Patricia→
director · ~72y · appointed 2005-12-30
View their other companies + combined net worth →
Active
TURNER, Keith Michael→
director · ~91y · appointed 2002-04-23
View their other companies + combined net worth →
Active
WEITZENHOFFER, Max→
director · ~87y · appointed 2002-04-23
View their other companies + combined net worth →
Active
SMITH, Stephen→
secretary · appointed 2002-04-23 · resigned 2005-12-30
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 2002-04-23 · resigned 2002-04-23
Resigned
SMITH, Stephen→
director · ~67y · appointed 2002-04-23 · resigned 2005-12-30
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 2002-04-23 · resigned 2002-04-23
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 2002-04-23 · resigned 2002-04-23
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property29/06/2004—
satisfied
HSBC
Hsbc Republic Bank (UK) Limited
Legal mortgage1 property17/06/200312/12/2013
satisfied
HSBC
Hsbc Republic Bank (UK) Limited
Debenture1 property01/08/200215/01/2014
satisfied
HSBC
Hsbc Republic Bank (UK) Limited
Legal mortgage1 property01/08/200215/01/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-03