In large, heavy bottomed pot or Dutch oven, heat olive oil over medium high heat then add ground beef.
Cook, stirring to break up beef. Add diced onion and minced garlic. Cook until beef is browned. Drain if necessary. Season to taste with salt and pepper.
Add undrained canned pinto beans, green beans, corn and carrots. Add diced potatoes if using.
Stir in tomato paste and broth, combining until tomato paste is dissolved.
Add Worchestershire and Pickapeppa sauces.
Add brown sugar.
Simmer gently for 30 minutes. Taste and adjust seasonings.
Ladle into large bowl and top with grated cheddar cheese if desired.
You'll need at least 2 cups of water/broth to dilute the tomato paste. The additional water/broth may be needed as it simmers or if you like more liquid in your soup.