STEEN PROPERTY DEVELOPMENTS LTD

💤Zombieactive
SC598987 · ltd · incorporated 2018-06-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
66/100
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
Property-backed borrower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 66/100 (strong), bankability 57/100. 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

13 live charges · 5 lenders · oldest 7.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.4 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
13 charges (13/13 with lender, 13/13 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
2 connected companies via shared directors
51
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-05-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-07-09
    🔓
    Charge satisfied #6
  5. 2024-05-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-05-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-04-30
    🔒
    Charge registered #13
    Lender: Aldermore Bank PLC
  8. 2024-04-30
    🔒
    Charge registered #12
    Lender: Aldermore Bank PLC
  9. 2024-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-04-24
    🔓
    Charge satisfied #10
  14. 2024-04-24
    🔓
    Charge satisfied #9
  15. 2024-04-24
    🔓
    Charge satisfied #8
  16. 2024-04-24
    🔓
    Charge satisfied #7
  17. 2023-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2023-02-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2023-02-21
    🔒
    Charge registered #11
    Lender: Paratus Amc Limited
  20. 2022-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2021-11-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2021-11-26
    🔒
    Charge registered #10
    Lender: Together Commercial Finance Limited
  23. 2021-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  24. 2021-08-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2021-08-24
    🔒
    Charge registered #9
    Lender: Together Commercial Finance Limited
  26. 2021-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2021-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  28. 2021-08-03
    🔒
    Charge registered #8
    Lender: Together Commercial Finance Limited
  29. 2021-08-03
    🔒
    Charge registered #7
    Lender: Together Commercial Finance Limited
  30. 2020-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  31. 2019-12-03
    🔒
    Charge registered #6
    Lender: Lendinvest Btl Limited
  32. 2019-07-05
    🔓
    Charge satisfied #5
  33. 2019-02-15
    🔒
    Charge registered #5
    Lender: Paragon Bank PLC
  34. 2018-12-21
    🔒
    Charge registered #4
    Lender: Paragon Bank PLC
  35. 2018-12-21
    🔒
    Charge registered #3
    Lender: Paragon Bank PLC
  36. 2018-12-21
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  37. 2018-12-21
    🔒
    Charge registered #1
    Lender: Paragon Bank PLC
  38. 2018-06-05
    🏢
    Company incorporated
    As STEEN PROPERTY DEVELOPMENTS LTD
  39. 2018-06-05
    ➕
    DAVIDSON, Charleen appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some 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 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Charleen Davidson
Individual · British · DOB 04/1978 · age 48
—75–100%75-100% voting05/06/2018

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

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
Incorporated2018-06-05
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

17 Thomson Road
Peterhead
Aberdeenshire
AB42 3FJ
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (1 active · 0 resigned)

DAVIDSON, Charleen→
director · ~48y · appointed 2018-06-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

13
Total charges
7
Outstanding
3
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property30/04/2024—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property30/04/2024—
outstanding
Paratus Amc
Paratus Amc Limited
A registered charge1 property21/02/2023—
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property26/11/202124/04/2024
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property24/08/202124/04/2024
satisfied
Together Money
Together Commercial Finance Limited
A registered charge—03/08/202124/04/2024
satisfied
Together Money
Together Commercial Finance Limited
A registered charge—03/08/202124/04/2024
satisfied
LendInvest
Lendinvest Btl Limited
A registered charge1 property03/12/201909/07/2024
satisfied
Paragon
Paragon Bank PLC
A registered charge1 property15/02/201905/07/2019
outstanding
Paragon
Paragon Bank PLC / Paragon Mortgages (2010) Limited
A registered charge—21/12/2018—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property21/12/2018—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property21/12/2018—
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property21/12/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-24
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-24
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-24
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-20