4 CHRISTMAS STEPS LIMITED

🏛️Establishedactive
11046791 · ltd · incorporated 2017-11-03
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 6.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£187.0k
book net assets
Opportunity
73/100
Strong
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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 73/100 (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

2 live charges · oldest 6.8y

85/100
ready

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

  • · Oldest live charge is 6.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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
7 connected companies via shared directors
66
Filing history
33 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
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
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £187,034
Cash YoY
+102%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£16k
↑ 102% YoY
Net Worth
£187k
↑ 3.6% YoY
Current Assets
£16k
↑ 101% YoY
Current Liabilities
—
£0£37k£75k£112k£150k£187kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£448.6k£444.8k
Current assets£16.3k£8.1k
Cash£16.0k£7.9k
Debtors£271£178
Net assets£187.0k£180.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
5
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 address
Last 90 days
5
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 address
Last 180 days
6
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 2 address
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-05-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-05-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-05-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-05-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-12-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-07-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-07-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-08-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  18. 2020-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-08-21
    🔒
    Charge registered #2
    Lender: Handelsbanken PLC
  20. 2019-08-21
    🔒
    Charge registered #1
    Lender: Handelsbanken PLC
  21. 2017-11-03
    🏢
    Company incorporated
    As 4 CHRISTMAS STEPS LIMITED
  22. 2017-11-03
    ➕
    HOPE, Maxwell Alastair James appointed
    director
  23. 2017-11-03
    ➕
    LI, Mark Chung Ming appointed
    director

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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Maxwell Alastair James Hope
Individual · British · DOB 08/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting06/04/2018
Mr Mark Chung Ming Li
Individual · British · DOB 11/1979 · age 47
25–50%
25–50%25-50% shares · 25-50% voting06/04/2018

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 →

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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
Incorporated2017-11-03
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Hope Chapel House
Hope Chapel Hill
Clifton
Bristol
BS8 4ND
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-16
Last: 2025-11-02

Officers (2 active · 0 resigned)

HOPE, Maxwell Alastair James→
director · ~47y · appointed 2017-11-03
View their other companies + combined net worth →
Active
LI, Mark Chung Ming→
director · ~47y · appointed 2017-11-03
View their other companies + combined net worth →
Active

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
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—21/08/2019—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property21/08/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

change-person-director-company-with-change-date
officers · CH01
2026-05-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-22
change-person-director-company-with-change-date
officers · CH01
2026-05-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-09
change-person-director-company-with-change-date
officers · CH01
2022-07-28