38 UGS LIMITED
🌳Matureactive
07160973 · ltd · incorporated 2010-02-17
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 Mar 2025
Net worth
£4.03M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
22 live charges · 6 lenders · oldest 12.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 12.5 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)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
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 6 with DOB)
90
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
94 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
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £4,033,337
Cash YoY
+558%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£77k
↑ 558% YoY
Net Worth
£4.0m
↑ 7.8% YoY
Current Assets
£3.3m
↑ 32% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £4.98M | £4.46M |
| Current assets | £3.28M | £2.48M |
| Cash | £76.5k | £11.6k |
| Debtors | £3.20M | £2.47M |
| Net assets | £4.03M | £3.74M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
1
filing
- • 1 address
Last 90 days
2
filings
- • 1 address
- • 1 confirmation-statement
Last 180 days
3
filings
- • 1 address
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (68 events)Click to expand
- 2026-05-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-23🔒Charge registered #22Lender: Together Commercial Finance Limited
- 2025-10-23🔒Charge registered #21Lender: Together Commercial Finance Limited
- 2025-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-19🔒Charge registered #20Lender: Together Commercial Finance Limited
- 2024-08-19🔒Charge registered #19Lender: Together Commercial Finance Limited
- 2024-05-02📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-21➕TRACEY, William David appointeddirector
- 2022-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-05-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-12🔒Charge registered #18Lender: Aldermore Bank PLC
- 2018-03-12🔒Charge registered #17Lender: Aldermore Bank PLC
- 2017-10-11🔓Charge satisfied #14
- 2017-10-11🔓Charge satisfied #13
- 2017-10-11🔓Charge satisfied #12
- 2017-10-11🔓Charge satisfied #11
- 2017-10-11🔓Charge satisfied #10
- 2017-10-11🔓Charge satisfied #9
- 2017-10-11🔓Charge satisfied #8
- 2017-10-11🔓Charge satisfied #7
- 2017-08-17🔓Charge satisfied #16
- 2017-08-17🔓Charge satisfied #15
- 2017-07-07🔒Charge registered #16Lender: Together Commercial Finance Limited
- 2017-07-07🔒Charge registered #15Lender: Together Commercial Finance Limited
- 2017-04-19➖LAKE, Graham Edward resigneddirector
- 2017-02-01➕EADES, Benjamin Graham appointeddirector
- 2016-11-30🔒Charge registered #14Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #13Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #12Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #11Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #10Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #9Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #8Lender: Habib Bank Zurich PLC
- 2016-11-30🔒Charge registered #7Lender: Habib Bank Zurich PLC
- 2016-11-07🔓Charge satisfied #6
Showing most recent 50 of 68 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
73/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 16 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
4 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Carol Allen Individual · British · DOB 04/1963 · age 63 | — | 75–100% | board control75-100% voting · board control · trust interest | 30/08/2019 |
Mr Benjamin Graham Eades Individual · British · DOB 07/1981 · age 45 | — | 75–100% | board control75-100% voting · board control · trust interest | 30/08/2019 |
Mrs Naeem Kauser Individual · British · DOB 05/1948 · age 78 | — | 75–100% | board control75-100% voting · board control · trust interest | 06/04/2016 |
Mr Aneel Mussarat Individual · British · DOB 11/1969 · age 57 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Property · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 36 BURY STREET LTD→ 15789287 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 360 HOUSE LIMITED→ 15220559 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 360 PROPERTY PARTNERS LTD→ 15377671 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 38 HILL LTD→ 16118973 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 38 KNIGHTLAND LIMITED→ 12525793 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 38 WOODCOTE FOLD LTD→ 11296126 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 384 CHESTER ROAD FREEHOLD COMPANY LIMITED→ 05505377 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 385 REAL ESTATE LIMITED→ 11110807 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 38A SHELLEY GROVE LTD→ 15300205 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 38TH STREET LIMITED→ 11524910 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 3ARCHWAY LIMITED→ 09836680 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 3B WALLGATE LTD→ 13689824 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2010-02-17
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Universal Square Building 5, 5th Floor
Devonshire Street North
Manchester
M12 6JH
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26
Officers (3 active · 3 resigned)
ALLEN, Carol→
Activedirector · ~63y · appointed 2012-04-18
View their other companies + combined net worth →
EADES, Benjamin Graham→
Activedirector · ~45y · appointed 2017-02-01
View their other companies + combined net worth →
TRACEY, William David→
Activedirector · ~43y · appointed 2022-10-21
View their other companies + combined net worth →
JACOBS, Yomtov Eliezer→
Resigneddirector · ~56y · appointed 2010-02-17 · resigned 2010-02-17
LAKE, Graham Edward→
Resigneddirector · ~82y · appointed 2010-02-17 · resigned 2017-04-19
MUSSARAT, Aneel→
Resigneddirector · ~57y · appointed 2010-02-17 · resigned 2013-12-09
Click a director name to see their full track record across all companies.
Mortgages & charges
22
Total charges
6
Outstanding
2
Active lenders
Status:Lender:22 of 22 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 23/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 23/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 19/08/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 19/08/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 12/03/2018 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 12/03/2018 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 07/07/2017 | 17/08/2017 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 07/07/2017 | 17/08/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Habib Bank Zurich Habib Bank Zurich PLC | A registered charge | 1 property | 30/11/2016 | 11/10/2017 | |
| satisfied | Cambridge & Counties Cambridge & Counties Bank Limited | A registered charge | 1 property | 22/06/2015 | 07/11/2016 | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 1 property | 15/05/2015 | 07/11/2016 | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 1 property | 15/05/2015 | 07/11/2016 | |
| satisfied | Habib Bank Ag Zurich | A registered charge | 3 properties | 13/02/2014 | 29/05/2015 | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 3 properties | 19/11/2013 | 29/05/2015 | |
| satisfied | Lancashire Mortgage Corporation Lancashire Mortgage Corporation Limited | A registered charge | 3 properties | 19/11/2013 | 29/05/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (94 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
change-person-director-company-with-change-date
officers · CH01
2024-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02