BELLIS & CURSIO PROPERTIES LTD
💤Zombieactive
10886932 · ltd · incorporated 2017-07-27
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 Jul 2025
Net worth
£-46.2k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 73/100 (strong), bankability 67/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 5.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
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 102Negative net assets
Liabilities exceed assets by £46,162
Very low cash
Cash position: £1
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1
↓ 96% YoY
Net Worth
-£46k
↑ 8.6% YoY
Current Assets
£28k
↑ 45% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-07-30 | 2024-07-30 |
|---|---|---|
| Total assets | £247.5k | £243.2k |
| Current assets | £28.2k | £19.4k |
| Cash | £1 | £24 |
| Debtors | £28.2k | £19.4k |
| Net assets | £-46.2k | £-50.5k |
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
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-23🔓Charge satisfied #1
- 2025-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-09🔒Charge registered #4Lender: Lsc Capital Limited
- 2025-04-09🔒Charge registered #3Lender: Lsc Capital LTD
- 2024-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-02-03➖BELLIS, David Robert resigneddirector
- 2023-02-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-01➕BELLIS, David Robert appointeddirector
- 2022-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-03🔒Charge registered #2Lender: Landbay Partners Limited
- 2021-05-26📄accounts-amended-with-accounts-type-dormantaccounts · AAMD
- 2021-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-04-09🔒Charge registered #1Lender: Paratus Amc Limited
- 2020-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-30📄resolutionresolution · RESOLUTIONS
- 2019-07-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-06-06📄resolutionresolution · RESOLUTIONS
- 2019-06-05➖CURSIO, Georgia resigneddirector
- 2017-07-27🏢Company incorporatedAs BELLIS & CURSIO PROPERTIES LTD
- 2017-07-27➕CURSIO, John Anthony appointeddirector
- 2017-07-27➕CURSIO, Georgia appointeddirector
Owner dependency
90/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "CURSIO" — strong identity link between founder and business.
Succession & seller-readiness
45/100
Moderate signalSome 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.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Anthony Cursio Individual · British · DOB 01/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/06/2019 |
1 historic (ceased) PSC
- Mrs Georgia Cursioceased 05/06/2019· 75-100% shares · 75-100% voting
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 · SA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 360 PROPERTY & LETTINGS GROUP LTD→ 14437318 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 38 HBG LTD→ 16896081 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 4REAL ESTATE LIMITED→ 15119929 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 861 LTD→ 08540043 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| A & B DEVELOPMENTS (PEMBS) LTD→ 16515595 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A. BRADSHAW PROPERTY SOLUTIONS LTD→ 12863810 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A&A PROPCO LIMITED→ 17111235 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AA RENTAL PROPERTY LIMITED→ 15519457 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AASE RENTALS LTD→ 15876831 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABBEY RESIDENTIAL AGENTS LIMITED→ 09002583 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ABBEY ROAD SPV LTD→ 12809349 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ABERAERON PROPERTIES LTD→ 13689616 · 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
Incorporated2017-07-27
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
8 Axis Court Mallard Way
Riverside Business Park
Swansea
SA7 0AJ
Wales
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-30
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05
Officers (1 active · 2 resigned)
CURSIO, John Anthony→
Activedirector · ~50y · appointed 2017-07-27
View their other companies + combined net worth →
BELLIS, David Robert→
Resigneddirector · ~42y · appointed 2022-04-01 · resigned 2023-02-03
CURSIO, Georgia→
Resigneddirector · ~47y · appointed 2017-07-27 · resigned 2019-06-05
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lsc Capital Lsc Capital Limited | A registered charge | 1 property | 09/04/2025 | — | |
| outstanding | Lsc Capital Lsc Capital LTD | A registered charge | 1 property | 09/04/2025 | — | |
| outstanding | Landbay Landbay Partners Limited | A registered charge | 1 property | 03/02/2022 | — | |
| satisfied | Paratus Amc Paratus Amc Limited | A registered charge | 1 property | 09/04/2021 | 23/01/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (32 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-04-28
termination-director-company-with-name-termination-date
officers · TM01
2023-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-28
appoint-person-director-company-with-name-date
officers · AP01
2022-04-07