166 ESTATES LTD
🌱Startupactive
16343576 · ltd · incorporated 2025-03-26
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
65/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 65/100 (strong), bankability 47/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 0.9y
0/100
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.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (56/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
7
filings
- • 3 mortgage
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-04-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-30🔒Charge registered #7Lender: Onesavings Bank PLC
- 2026-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-17🔒Charge registered #6Lender: Onesavings Bank PLC
- 2026-03-17🔒Charge registered #5Lender: Onesavings Bank PLC
- 2026-02-10➖STEINER, Willie resigneddirector
- 2026-02-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-02🔒Charge registered #4Lender: Fortys Capital 5 Limited
- 2025-09-02🔒Charge registered #3Lender: Fortys Capital 5 Limited
- 2025-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-30🔒Charge registered #2Lender: Fortys Capital 1 Limited
- 2025-07-30🔒Charge registered #1Lender: Fortys Capital 1 Limited
- 2025-03-26🏢Company incorporatedAs 166 ESTATES LTD
- 2025-03-26➕STERN, Baruch appointeddirector
- 2025-03-26➕STEINER, Willie appointeddirector
- 2025-03-26📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
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.
- +Young company: Only 1.2 years old — management layer unlikely to be developed.
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
1 med · 1 low7 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-30: A registered charge; 2026-03-17: A registered charge; 2026-03-17: A registered charge
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Baruch Stern Individual · British · DOB 08/1971 · age 55 | 75–100% | — | 75-100% shares | 17/03/2026 |
1 historic (ceased) PSC
- Mr Willie Steinerceased 17/03/2026· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| 18 CRANWICH LTD→ 16592962 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| 18 FROBISHER LTD→ 11923218 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2025-03-26
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
17 Wellington Avenue
London
N15 6AS
England
Filing status
Accounts
Next due: 2026-12-26
Last made up to: —
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17
Officers (1 active · 1 resigned)
STERN, Baruch→
Activedirector · ~55y · appointed 2025-03-26
View their other companies + combined net worth →
STEINER, Willie→
Resigneddirector · ~27y · appointed 2025-03-26 · resigned 2026-02-10
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 30/03/2026 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 17/03/2026 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 17/03/2026 | — | |
| outstanding | Fortys Capital 5 Fortys Capital 5 Limited | A registered charge | 1 property | 02/09/2025 | — | |
| outstanding | Fortys Capital 5 Fortys Capital 5 Limited | A registered charge | — | 02/09/2025 | — | |
| outstanding | Fortys Capital 1 Fortys Capital 1 Limited | A registered charge | 1 property | 30/07/2025 | — | |
| outstanding | Fortys Capital 1 Fortys Capital 1 Limited | A registered charge | 1 property | 30/07/2025 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (12 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-18
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-17
termination-director-company-with-name-termination-date
officers · TM01
2026-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-31
incorporation-company
incorporation · NEWINC
2025-03-26