2 PLUS 2 PROPERTIES LTD

🌳Matureactive
05602323 · ltd · incorporated 2005-10-25
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 19.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£238.8k
book net assets
Opportunity
83/100
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 85-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 70/100. Strong seller-intent signal (63/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 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 · oldest 19.6y

65/100
clean up first

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

  • · Oldest live charge is 19.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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 £238,767

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£239k
↑ 2.0% YoY
Current Assets
£11k
↑ 3.2% YoY
Current Liabilities
—
£0£48k£96k£143k£191k£239kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£239.3k£234.7k
Current assets£11.5k£11.1k
Net assets£238.8k£234.2k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-06-01
    ➖
    SMITH, Kenneth resigned
    director
  6. 2023-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-03-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-02-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2020-02-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-02-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-03-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-03-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-10-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-03-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-11-20
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  18. 2007-11-05
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  19. 2007-11-05
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  20. 2006-10-23
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  21. 2005-10-25
    🏢
    Company incorporated
    As 2 PLUS 2 PROPERTIES LTD
  22. 2005-10-25
    ➕
    SMITH, Carole appointed
    secretary
  23. 2005-10-25
    ➕
    BUTTLE-SMITH, Jonathan James appointed
    director
  24. 2005-10-25
    ➕
    PALMER-SMITH, Christopher Paul appointed
    director
  25. 2005-10-25
    ➕
    SMITH, Carole appointed
    director
  26. 2005-10-25
    ➕
    SMITH, Kenneth appointed
    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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — 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 85 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jonathan James Buttle-Smith
Individual · British · DOB 11/1974 · age 52
25–50%
—25-50% shares25/10/2016
Mr Christopher Paul Palmer-Smith
Individual · British · DOB 11/1976 · age 50
25–50%
—25-50% shares25/10/2016

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

8 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
Incorporated2005-10-25
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

31 New Close Road
Shipley
West Yorkshire
BD18 4AU

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (4 active · 1 resigned)

SMITH, Carole→
secretary · appointed 2005-10-25
View their other companies + combined net worth →
Active
BUTTLE-SMITH, Jonathan James→
director · ~52y · appointed 2005-10-25
View their other companies + combined net worth →
Active
PALMER-SMITH, Christopher Paul→
director · ~50y · appointed 2005-10-25
View their other companies + combined net worth →
Active
SMITH, Carole→
director · ~85y · appointed 2005-10-25
View their other companies + combined net worth →
Active
SMITH, Kenneth→
director · ~86y · appointed 2005-10-25 · resigned 2023-06-01
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property20/11/2009—
outstanding
Barclays
Barclays Bank PLC
Floating charge1 property05/11/2007—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property05/11/2007—
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property23/10/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-27
termination-director-company-with-name-termination-date
officers · TM01
2023-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-02
change-account-reference-date-company-current-extended
accounts · AA01
2020-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-19