38BS LTD

🌱Startupactive
16230180 · ltd · incorporated 2025-02-05
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
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 65/100. 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

3 live charges · 2 lenders · oldest 0.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 0.9 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-12-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-12-16
    🔒
    Charge registered #3
    Lender: Paratus Amc Limited
  3. 2025-08-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-08-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-08-22
    🔒
    Charge registered #2
    Lender: Al Rayan Bank PLC
  6. 2025-08-22
    🔒
    Charge registered #1
    Lender: Al Rayan Bank PLC
  7. 2025-02-05
    🏢
    Company incorporated
    As 38BS LTD
  8. 2025-02-05
    RAMZAN, Mohammad Hasan appointed
    director
  9. 2025-02-05
    RAMZAN, Yusuf appointed
    director
  10. 2025-02-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 1.4 years old — management layer unlikely to be developed.

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 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-12-16: A registered charge; 2025-08-22: A registered charge; 2025-08-22: A registered charge

Group structure

6787x Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
6787x Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
38BS LTD
This company · 16230180

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
6787x Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control05/02/2025

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 →
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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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2025-02-05
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

Unit 5, Swaker Yard
2b Theobald Street
Herts
WD6 4SE
United Kingdom

Filing status

Accounts
Next due: 2026-11-05
Last made up to:
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 0 resigned)

RAMZAN, Mohammad Hasan
director · ~35y · appointed 2025-02-05
View their other companies + combined net worth →
Active
RAMZAN, Yusuf
director · ~38y · appointed 2025-02-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property16/12/2025
outstanding
Al Rayan Bank
Al Rayan Bank PLC
A registered charge1 property22/08/2025
outstanding
Al Rayan Bank
Al Rayan Bank PLC
A registered charge1 property22/08/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (5 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-27
incorporation-company
incorporation · NEWINC
2025-02-05