2 UPS 2 DOWNES LTD.
🌱Startupactive
16075763 · ltd · incorporated 2024-11-12
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£-1.8k
book net assets
Opportunity
76/100
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)Property-backed borrower. Family succession underway — not a classic acquisition target.
Opportunity 76/100 (strong), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 0.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.8 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (68/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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 £1,788
Key financials
1 year extracted from filed iXBRL accountsCash
£5k
Net Worth
-£2k
Current Assets
£91k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 |
|---|---|
| Total assets | £93.8k |
| Current assets | £90.5k |
| Cash | £4.6k |
| Debtors | £85.9k |
| Net assets | £-1.8k |
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
0
filings
Last 90 days
2
filings
- • 1 accounts
- • 1 mortgage
Last 180 days
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
- 2026-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-20🔒Charge registered #2Lender: Keystone Property Finance Limited
- 2025-08-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-12🔒Charge registered #1Lender: West One Secured Loans Limited
- 2024-11-12🏢Company incorporatedAs 2 UPS 2 DOWNES LTD.
- 2024-11-12➕GETGROUND SECRETARY LIMITED appointedcorporate-secretary
- 2024-11-12➕DOWNES, Cary Cy appointeddirector
- 2024-11-12➕DOWNES, Donna Louise appointeddirector
- 2024-11-12📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2024-11-12📄incorporation-companyincorporation · NEWINC
Owner dependency
94/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "DOWNES" — strong identity link between founder and business.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.6 years old — management layer unlikely to be developed.
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 |
|---|---|---|---|---|
Cary Cy Downes Individual · British · DOB 05/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/11/2024 |
Donna Louise Downes Individual · British · DOB 11/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/11/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2024-11-12
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
C/O Getground
1 Lyric Square
London
W6 0NB
England
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15
Officers (3 active · 0 resigned)
GETGROUND SECRETARY LIMITED→
Activecorporate-secretary · appointed 2024-11-12
View their other companies + combined net worth →
DOWNES, Cary Cy→
Activedirector · ~59y · appointed 2024-11-12
View their other companies + combined net worth →
DOWNES, Donna Louise→
Activedirector · ~54y · appointed 2024-11-12
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
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Keystone Property Finance Keystone Property Finance Limited | A registered charge | 1 property | 20/03/2026 | — | |
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 2 properties | 12/08/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (6 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-13
change-account-reference-date-company-current-extended
accounts · AA01
2024-11-12
incorporation-company
incorporation · NEWINC
2024-11-12