40 COMMERCIAL STREET LIMITED
🏛️Establishedactive
10760783 · ltd · incorporated 2017-05-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
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 Sept 2024
Net worth
£-99.4k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
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. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · oldest 8.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £99,395
Cash YoY
-3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8k
↓ 3.4% YoY
Net Worth
-£99k
↑ 9.9% YoY
Current Assets
£1.7m
↓ 9.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £5.13M | £5.83M |
| Current assets | £1.73M | £1.92M |
| Cash | £7.7k | £8.0k |
| Debtors | £1.72M | £1.91M |
| Net assets | £-99.4k | £-110.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-04-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-02-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-09-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-09-29🔒Charge registered #2Lender: Metro Bank PLC
- 2017-09-29🔒Charge registered #1Lender: Metro Bank PLC
- 2017-08-09📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2017-05-09🏢Company incorporatedAs 40 COMMERCIAL STREET LIMITED
- 2017-05-09➕ROBERTS, Gareth Howard Thomas appointeddirector
- 2017-05-09➕TREGUER, Nicolas Antoine appointeddirector
Owner dependency
63/100
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.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gareth Howard Thomas Roberts Individual · Welsh · DOB 04/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/05/2017 |
Mr Nicolas Antoine Treguer Individual · French · DOB 12/1982 · age 44 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 09/05/2017 |
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
Active · Hospitality · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 109 GRANGE PARK ROAD MANAGEMENT COMPANY LIMITED→ 04870961 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 11 ABDAAL LTD→ 17043060 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 171 GRAHAM ROAD MANAGEMENT COMPANY LIMITED→ 10737919 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 1947 BAR & RESTAURANT LTD→ 12115097 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 19FANTASY HOUSE LIMITED→ 16654833 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 20 GUYES LTD→ 15186918 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 3 RRR LTD→ 15304690 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 3KOBROS LIMITED→ 10899951 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 4 EASTERN LTD→ 16987994 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 4 HELL OR HIGH WATER LIMITED→ 15144600 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 40 COLVESTONE CRESCENT MANAGEMENT LIMITED→ 03100401 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| 41 COMMERCIAL STREET LTD→ 10956012 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2017-05-09
Jurisdictionengland-wales
Primary SIC56302 — Public houses and bars
Registered office
24-28 Toynbee Street
London
E1 7NE
England
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-05-22
Last: 2026-05-08
Officers (2 active · 0 resigned)
ROBERTS, Gareth Howard Thomas→
Activedirector · ~46y · appointed 2017-05-09
View their other companies + combined net worth →
TREGUER, Nicolas Antoine→
Activedirector · ~44y · appointed 2017-05-09
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Metro Bank Metro Bank PLC | A registered charge | 10 properties | 29/09/2017 | — | |
| outstanding | Metro Bank Metro Bank PLC | A registered charge | 3 properties | 29/09/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-08