2 FD PROPERTIES LIMITED

🌿Early-stageactive
15676813 · ltd · incorporated 2024-04-24
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.
🔒Estimated value
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Turnover
year to Apr 2025
Net worth
£33.9k
book net assets
Opportunity
68/100
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
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · oldest 1.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (71/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
8 filings
60
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
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £33,881

Key financials

1 year extracted from filed iXBRL accounts
Cash
£16k
Net Worth
£34k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-30
Total assets£883.5k
Cash£16.3k
Net assets£33.9k

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
0
filings
Last 180 days
2
filings
  • 2 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-01-23
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  2. 2026-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-10-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-10-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-10-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-10-04
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC
  8. 2024-10-04
    🔒
    Charge registered #3
    Lender: Lloyds Bank PLC
  9. 2024-10-04
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  10. 2024-10-04
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  11. 2024-04-24
    🏢
    Company incorporated
    As 2 FD PROPERTIES LIMITED
  12. 2024-04-24
    BAKER, Joseph Christopher appointed
    director
  13. 2024-04-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
Critical — business is the founder

The 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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-07

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Joseph Christopher Baker
Individual · British · DOB 04/1963 · age 63
75100%
75–100%75-100% shares · 75-100% voting24/04/2024

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

11 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
Incorporated2024-04-24
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-07OVERDUE
Last: 2025-04-23

Officers (1 active · 0 resigned)

BAKER, Joseph Christopher
director · ~63y · appointed 2024-04-24
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge2 properties04/10/2024
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge2 properties04/10/2024
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge04/10/2024
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge04/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (8 total)

change-account-reference-date-company-current-shortened
accounts · AA01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-09
incorporation-company
incorporation · NEWINC
2024-04-24