TOPSTEC HOLDINGS LIMITED
🏛️Establishedactive
10724692 · ltd · incorporated 2017-04-13
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 8.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.38M
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Special-situation opportunityDistressed property with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 65/100. Strong seller-intent signal (60/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
16 live charges · 2 lenders · oldest 8.6y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 8.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 30/100 — 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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
55 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
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,381,226
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£1.4m
↑ 20% YoY
Current Assets
£122k
↑ 267% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £4.74M | £4.54M |
| Current assets | £122.0k | £33.2k |
| Net assets | £1.38M | £1.15M |
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 officers
Last 180 days
3
filings
- • 2 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-04-01➕TAPPOUNI, Nada, Mrs. appointeddirector
- 2026-04-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-01➖TAPPOUNI, Nada, Mrs. resigneddirector
- 2025-07-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-27🔒Charge registered #16Lender: Handelsbanken PLC
- 2023-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-30🔒Charge registered #15Lender: Handelsbanken PLC
- 2022-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-28🔒Charge registered #14Lender: Handelsbanken PLC
- 2021-10-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-13🔒Charge registered #13Lender: Handelsbanken PLC
- 2021-01-12📄capital-alter-shares-subdivisioncapital · SH02
- 2021-01-12📄resolutionresolution · RESOLUTIONS
- 2021-01-08📄capital-name-of-class-of-sharescapital · SH08
- 2020-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-04-21📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2020-04-21⚠️legacyinsolvency · CAP-SS
- 2020-03-13⚠️legacyinsolvency · CAP-SS
- 2020-03-13📄resolutionresolution · RESOLUTIONS
- 2020-01-20🔒Charge registered #12Lender: Handelsbanken PLC
- 2018-07-19🔒Charge registered #11Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #10Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #9Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #8Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #7Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #6Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #5Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #4Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #3Lender: Svenska Handelsbanken Ab (Publ)
- 2018-03-21🔒Charge registered #2Lender: Svenska Handelsbanken Ab (Publ)
- 2017-11-06🔒Charge registered #1Lender: Svenska Handelsbanken Ab (Publ)
- 2017-08-24➕TAPPOUNI, Yousif Abdulahad appointeddirector
- 2017-08-24➖BENNETT, Edward Roger, Mr. resigneddirector
- 2017-08-24➕TAPPOUNI, Nada, Mrs. appointeddirector
- 2017-04-13🏢Company incorporatedAs TOPSTEC HOLDINGS LIMITED
- 2017-04-13➕BENNETT, Edward Roger, Mr. appointeddirector
Owner dependency
81/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high · 1 low2 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2020-04-21: legacy; 2020-03-13: legacy
16 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs. Nada Tappouni Individual · British · DOB 09/1965 · age 61 | 25–50% | — | 25-50% shares | 04/11/2018 |
Mr Yousif Abdulahad Tappouni Individual · British · DOB 12/1953 · age 73 | 25–50% | — | 25-50% shares | 04/11/2018 |
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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|---|---|---|---|---|---|---|---|
| 7-12 SUNDERLAND CLOSE RTM COMPANY LIMITED→ 07672667 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 9 WATTS AVENUE MANAGEMENT COMPANY LIMITED→ 03609500 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| 93 ESTATES LTD→ 15902519 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A&A HOMES KENT LIMITED→ 15473483 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A&A LUXESTATE LIMITED→ 15777607 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A1 WORKS LTD→ 14940889 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A2B PROPERTY SERVICES LTD→ 16322460 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AA PROPERTIES (KENT) LTD→ 15650886 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AAA PROPERTIES (KENT) LTD→ 15714013 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AARINVILLA PROPERTIES LTD→ 13519457 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AARON PAUL STONE INVESTMENTS LIMITED→ 04905416 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| AAT HOMES LTD→ 13505689 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2017-04-13
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
8 Tower Lane
Bearsted
Maidstone
ME14 4JJ
England
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-03-10
Last: 2026-02-24
Officers (2 active · 2 resigned)
TAPPOUNI, Nada, Mrs.→
Activedirector · ~61y · appointed 2026-04-01
View their other companies + combined net worth →
TAPPOUNI, Yousif Abdulahad→
Activedirector · ~73y · appointed 2017-08-24
View their other companies + combined net worth →
BENNETT, Edward Roger, Mr.→
Resigneddirector · ~49y · appointed 2017-04-13 · resigned 2017-08-24
TAPPOUNI, Nada, Mrs.→
Resigneddirector · ~61y · appointed 2017-08-24 · resigned 2026-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
16
Outstanding
2
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 27/07/2023 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 30/06/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 28/02/2022 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 13/10/2021 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 20/01/2020 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 19/07/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 21/03/2018 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 06/11/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (55 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-07
termination-director-company-with-name-termination-date
officers · TM01
2026-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-22