40 BELOW LTD

💤Zombieactive
09729039 · ltd · incorporated 2015-08-12
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Aug 2025
Net worth
£45.1k
book net assets
Opportunity
74/100
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
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 3.7y

35/100
under pressure

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

  • · Charge age ~3.7 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
32 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
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £45,148
Net assets shrinking
Down £364 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£45k
~ YoY
Current Assets
£36k
↑ 59% YoY
Current Liabilities
£0£9k£18k£27k£36k£46kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-08-312024-08-31
Total assets£1.35M£1.29M
Current assets£36.1k£22.7k
Net assets£45.1k£45.5k

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 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-10-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-10-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-10-04
    🔒
    Charge registered #2
    Lender: Allica Bank Limited
  8. 2022-10-04
    🔒
    Charge registered #1
    Lender: Allica Bank Limited
  9. 2022-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-09-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2017-10-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2017-07-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2015-08-12
    🏢
    Company incorporated
    As 40 BELOW LTD
  20. 2015-08-12
    BURTON, Japheth Jasper Gareth appointed
    director

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Japheth Burton
Individual · British · DOB 03/1977 · age 49
75100%
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
Incorporated2015-08-12
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

14c Althorpe Street
Leamington Spa
CV31 2AU
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21

Officers (1 active · 0 resigned)

BURTON, Japheth Jasper Gareth
director · ~49y · appointed 2015-08-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property04/10/2022
outstanding
Allica Bank
Allica Bank Limited
A registered charge1 property04/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-21