1ST UNION PROPERTY LTD
🏛️Establishedactive
10596494 · ltd · incorporated 2017-02-02
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 Feb 2025
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 67/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
10 live charges · 7 lenders · oldest 4.8y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~4.8 years — mid-life; refi window approaching.
- · 7 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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 0 | 0 |
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
0
filings
Last 180 days
4
filings
- • 3 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-25🔒Charge registered #10Lender: The Mortgage Lender Limited
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-01🔒Charge registered #9Lender: Together Commercial Finance Limited
- 2025-12-01🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2025-10-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-13🔒Charge registered #7Lender: Reliance Bank Limited
- 2024-12-13🔒Charge registered #6Lender: Reliance Bank Limited
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-21🔒Charge registered #5Lender: Paratus Amc Limited
- 2023-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-07-31🔓Charge satisfied #3
- 2023-05-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-25🔒Charge registered #4Lender: Quantum Mortgages Limited
- 2022-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-20🔒Charge registered #3Lender: Aspen Bridging Limited
- 2022-02-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-11🔒Charge registered #2Lender: Paratus Amc Limited
- 2021-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-26🔒Charge registered #1Lender: Paratus Amc Limited (Trading as Foundation Home Loans)
- 2021-05-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-05➖HASMAT-ALI, Noor Mohammed resigneddirector
- 2020-11-05➖HASMAT-ALI, Shabeer Mohammed resigneddirector
- 2017-02-02🏢Company incorporatedAs 1ST UNION PROPERTY LTD
- 2017-02-02➕HASMAT-ALI, Geeta appointeddirector
- 2017-02-02➕HASMAT-ALI, Noor Mohammed appointeddirector
- 2017-02-02➕HASMAT-ALI, Noor Mohammed appointeddirector
- 2017-02-02➕HASMAT-ALI, Shabeer Mohammed appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-25: A registered charge; 2025-12-01: A registered charge; 2025-12-01: A registered charge
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Noor Mohammed Hasmat-Ali Individual · British · DOB 05/1994 · age 32 | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 02/02/2017 |
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
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|---|---|---|---|---|---|---|---|
| 1REIT PLC→ 16474982 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| 202020 LEGACY PROPERTY GROUP LIMITED→ 15730441 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 205 ESTATES LIMITED→ 15266549 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 21 ST FAITHS ROAD MANAGEMENT CO LIMITED→ 07874207 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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| 213 NORTH STREET LIMITED→ 15882930 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 21BG LTD→ 14907760 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 21KENT INV LTD→ 16121285 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 22 PROPERTIES LTD→ 16309172 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 22 SOUTH CENTRAL LTD→ 15603434 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2017-02-02
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
413 High Street, Stratford
London
E15 4QZ
United Kingdom
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09
Officers (2 active · 2 resigned)
HASMAT-ALI, Geeta→
Activedirector · ~54y · appointed 2017-02-02
View their other companies + combined net worth →
HASMAT-ALI, Noor Mohammed→
Activedirector · ~32y · appointed 2017-02-02
View their other companies + combined net worth →
HASMAT-ALI, Noor Mohammed→
Resigneddirector · ~62y · appointed 2017-02-02 · resigned 2020-11-05
HASMAT-ALI, Shabeer Mohammed→
Resigneddirector · ~29y · appointed 2017-02-02 · resigned 2020-11-05
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
9
Outstanding
6
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 25/02/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 01/12/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 01/12/2025 | — | |
| outstanding | Reliance Bank Reliance Bank Limited | A registered charge | 3 properties | 13/12/2024 | — | |
| outstanding | Reliance Bank Reliance Bank Limited | A registered charge | — | 13/12/2024 | — | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 21/11/2024 | — | |
| outstanding | Quantum Mortgages Quantum Mortgages Limited | A registered charge | 1 property | 25/05/2023 | — | |
| satisfied | Aspen Bridging Aspen Bridging Limited | A registered charge | 1 property | 20/10/2022 | 31/07/2023 | |
| outstanding | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 11/02/2022 | — | |
| outstanding | Paratus Amc (Trading as Foundation Home Loans) Paratus Amc Limited (Trading as Foundation Home Loans) | A registered charge | 1 property | 26/08/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (34 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-09