40 STEPS PROPERTY SERVICES LIMITED

🏛️Establishedactive
10870693 · ltd · incorporated 2017-07-18
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
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. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 6.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 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
3 connected companies via shared directors
54
Filing history
25 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£3k£5k£8k£10k£13kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets—£266.9k
Current assets—£9.2k
Cash—£9.2k
Debtors—£2
Net assets—£13.0k
Average employees0—

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-07-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-07-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-07-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-02-28
    🔒
    Charge registered #1
    Lender: Keystone Property Finance Limited
  13. 2019-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-08-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-08-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2017-11-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-07-18
    🏢
    Company incorporated
    As 40 STEPS PROPERTY SERVICES LIMITED
  19. 2017-07-18
    ➕
    DOVEY, Michelle Jane Affleck appointed
    director
  20. 2017-07-18
    ➕
    FULLER, Gregory appointed
    director
  21. 2017-07-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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 signal

Limited 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Ms Michelle Jane Affleck Dovey
Individual · British · DOB 01/1974 · age 52
25–50%
—25-50% shares18/07/2017
Mr Gregory Fuller
Individual · British · DOB 03/1976 · age 50
25–50%
—25-50% shares18/07/2017

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 · Property · CV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
29S PROPERTIES LTD→
15992155 · est 2024 · no financials extracted
————1y——
2M INVESTMENT LIMITED→
15551659 · est 2024 · no financials extracted
————2y——
2M2Y LTD→
15054449 · est 2023 · no financials extracted
————2y——
2S 4B LTD→
15323364 · est 2023 · no financials extracted
————2y——
3AR LTD→
15793373 · est 2024 · no financials extracted
————1y——
3G&K LIMITED→
16733218 · est 2025 · no financials extracted
———————
3R BUILDINGS LIMITED→
12996234 · est 2020 · no financials extracted
————5y——
3REPUBLIC LTD→
15950914 · est 2024 · no financials extracted
————1y——
42 BEDFORD STREET LTD→
16143732 · est 2024 · no financials extracted
————1y——
424 PROPERTY LTD→
14006700 · est 2022 · no financials extracted
————4y——
46 START LTD.→
10723918 · est 2017 · no financials extracted
————9y——
472-482 LONDON ROAD MANAGEMENT LIMITED→
02482964 · est 1990 · no financials extracted
————36y——
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
Incorporated2017-07-18
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

3 Kenilworth Road
Leamington Spa
CV32 5TJ
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-29
Last: 2025-07-15

Officers (2 active · 0 resigned)

DOVEY, Michelle Jane Affleck→
director · ~52y · appointed 2017-07-18
View their other companies + combined net worth →
Active
FULLER, Gregory→
director · ~50y · appointed 2017-07-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Keystone Property Finance
Keystone Property Finance Limited
A registered charge2 properties28/02/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-16
change-person-director-company-with-change-date
officers · CH01
2025-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-11