STEINWAY PROPERTIES LTD
🏛️Establishedactive
SC636194 · ltd · incorporated 2019-07-16
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 6.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£-31.2k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other holiday and other collective accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
4 live charges · oldest 6.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 6.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (75/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £31,164
Key financials
1 year extracted from filed iXBRL accountsCash
£5k
Net Worth
-£31k
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 |
|---|---|
| Total assets | £340.5k |
| Cash | £4.5k |
| Net assets | £-31.2k |
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
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-03-26📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-11🔒Charge registered #4Lender: Bank of Scotland PLC
- 2021-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-04-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-06🔒Charge registered #3Lender: Bank of Scotland PLC
- 2020-01-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-01-21🔒Charge registered #2Lender: Bank of Scotland PLC
- 2019-10-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-01🔒Charge registered #1Lender: Bank of Scotland PLC
- 2019-08-02📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2019-07-16🏢Company incorporatedAs STEINWAY PROPERTIES LTD
- 2019-07-16➕BALMER, Michael John appointeddirector
- 2019-07-16➕DRYDEN, David James appointeddirector
- 2019-07-16📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial 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.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited 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
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 |
|---|---|---|---|---|
Mr Michael John Balmer Individual · British · DOB 05/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/07/2019 |
Mr David James Dryden Individual · British · DOB 12/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/07/2019 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| EL SAKE LIMITED→ SC854185 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ELDER'S BAR (SCOTLAND) LTD→ SC533553 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ELED LIMITED→ SC524555 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ELLCAD LIMITED→ SC554436 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ENOTECA (SUGO CRESSWELL LANE) LIMITED→ SC830833 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| EPNBW LTD→ SC716116 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ERRIGAL CATERING LTD→ SC773163 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ERROL'S HOT PIZZA LIMITED→ SC636308 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ESPRESSO (SCOTLAND) LTD→ SC719319 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| EXITGLASGOW LTD→ SC777983 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EXPERIENCE BOX LIMITED→ SC758105 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| EXPRESS FOOD 1 LIMITED→ SC622508 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2019-07-16
Jurisdictionscotland
Primary SIC55209 — Other holiday and other collective accommodation
Registered office
16 Kyle Square Rutherglen
Glasgow
G73 4QG
United Kingdom
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-29
Last: 2025-07-15
Officers (2 active · 0 resigned)
BALMER, Michael John→
Activedirector · ~46y · appointed 2019-07-16
View their other companies + combined net worth →
DRYDEN, David James→
Activedirector · ~46y · appointed 2019-07-16
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 4 properties | 11/10/2021 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 06/02/2020 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/01/2020 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 01/10/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
change-account-reference-date-company-current-extended
accounts · AA01
2026-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-16
change-person-director-company-with-change-date
officers · CH01
2021-07-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-27