THE PAPWORTH TRUST
🌳Matureactive
00148906 · private-limited-guarant-nsc · incorporated 1917-11-16
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£28.41M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
ALSO REGISTERED FOR
- 63990Other information service activities n.e.c.
- 78109Other activities of employment placement agencies
- 88100Social work activities without accommodation for the elderly and disabled
Investor take
PursueStrong opportunity: active trading company with strong profile and structurally messy structure.
Opportunity 73/100 (strong), bankability 52/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
28 live charges · 11 lenders · oldest 73.9y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 73.9 years old — likely at or near maturity.
- · 11 lenders named — inter-creditor friction likely.
- · Legal-friction score 63/100 (high).
Data confidence
Overall: medium (68/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
28 charges (28/28 with lender, 28/28 with type)
90
Directors & officers
68 officers (13 active, 68 linked, 60 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
16 connected companies via shared directors
90
Filing history
276 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £28,409,000
Key financials
1 year extracted from filed iXBRL accountsCash
£3.2m
Net Worth
£28m
Current Assets
£4.3m
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Total assets | £50.48M |
| Current assets | £4.29M |
| Cash | £3.17M |
| Debtors | £1.11M |
| Net assets | £28.41M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 mortgage
- • 1 accounts
Last 180 days
7
filings
- • 3 officers
- • 2 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (168 events)Click to expand
- 2026-03-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-25🔓Charge satisfied #28
- 2026-02-23📄accounts-amended-with-accounts-type-fullaccounts · AAMD
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-27📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-11-21➖JUDSON, Chris resignedsecretary
- 2025-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-05➕BURGOYNE, Deana Mary appointeddirector
- 2025-11-05➕LAMB, Andrew James appointeddirector
- 2025-06-05➖METCALF, Penny resigneddirector
- 2025-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-12📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-11-07➕ADIE, Naomi appointeddirector
- 2024-11-07➕PATEL, Minesh Bharatbhai appointeddirector
- 2024-11-07➕TOWLE, Adam Stewart appointeddirector
- 2024-11-07➕JUDSON, Chris appointedsecretary
- 2024-11-07➖MILLER, Sarah Louise resignedsecretary
- 2024-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-30📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-09-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-09-27➖BLAKE, Mark Colin resignedsecretary
- 2024-09-27➕MILLER, Sarah Louise appointedsecretary
- 2024-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-10-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-25➕HARDIMAN, Jack Ross David appointeddirector
- 2023-10-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-02➖TAIT, Dominic resigneddirector
- 2023-06-07➖BURGESS, Michael Philip resigneddirector
- 2023-04-26➕METCALF, Penny appointeddirector
- 2023-04-26➕TAIT, Dominic appointeddirector
- 2023-03-31➖ATKINSON, David John resigneddirector
- 2023-02-08➖RODGERS, Richard Derek resigneddirector
- 2023-01-23➖HIRST, Andrew John resigneddirector
- 2022-12-20➖JESSOP, Elizabeth Kym resigneddirector
- 2022-10-26➕BERRY, Grazina appointeddirector
- 2022-10-26➕CARTER, Amy Rebecca Brook appointeddirector
- 2022-10-26➕BURGESS, Michael Philip appointeddirector
- 2022-07-27➖HUGHES, Patrick John resigneddirector
- 2022-07-07🔒Charge registered #28Lender: Triodos Bank UK Limited
- 2022-04-27➖OREKOGBE, Christina Olubukola resigneddirector
- 2022-04-27➕RODGERS, Richard Derek appointeddirector
Showing most recent 50 of 168 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -13 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
Red flags
1 med · 1 low2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: JUDSON, Chris resigned 2025-11-21; METCALF, Penny resigned 2025-06-05
26 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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
Active · Construction · PE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1-2 CALL DRAINAGE & GROUNDWORK LIMITED→ 05623663 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 101 ELECTRICAL LTD→ 14289537 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 12 14 HEALTHCARE LTD→ 16349117 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 180 PROPERTIES LTD→ 16250529 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST ELECTRICS LTD→ 15487976 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 24TRADES LTD→ 16878259 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 2E BUILDING SERVICES LTD→ 15426233 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 3 COUNTIES HOME IMPROVEMENTS (JM) LTD→ 16936096 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 3 COUNTIES SURFACING LTD→ 13934585 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 316 BUILDING SERVICES LIMITED→ 08514039 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 345 TRAINING LTD→ 16202425 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 360 FIBRE NETWORKS LIMITED→ 14342613 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Typeprivate-limited-guarant-nsc
Incorporated1917-11-16
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings
Registered office
Saxongate Bradbury Place
Hartford Road
Huntingdon
Cambridgeshire
PE29 3RR
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-28
Last: 2025-11-14
Officers (13 active · 55 resigned)
Active
ANDERSON, Michael Connelly→
Activedirector · ~64y · appointed 2020-05-07
View their other companies + combined net worth →
BERRY, Grazina→
Activedirector · ~49y · appointed 2022-10-26
View their other companies + combined net worth →
BURGOYNE, Deana Mary→
Activedirector · ~59y · appointed 2025-11-05
View their other companies + combined net worth →
CARMICHAEL, Jane Elizabeth→
Activedirector · ~69y · appointed 2020-05-07
View their other companies + combined net worth →
CARTER, Amy Rebecca Brook→
Activedirector · ~36y · appointed 2022-10-26
View their other companies + combined net worth →
HARDIMAN, Jack Ross David→
Activedirector · ~34y · appointed 2023-10-25
View their other companies + combined net worth →
LAMB, Andrew James→
Activedirector · ~41y · appointed 2025-11-05
View their other companies + combined net worth →
PATEL, Minesh Bharatbhai→
Activedirector · ~36y · appointed 2024-11-07
View their other companies + combined net worth →
STANISLAS, Vanessa Clare→
Activedirector · ~60y · appointed 2017-11-23
View their other companies + combined net worth →
STEWART, Brian West→
Activedirector · ~68y · appointed 2019-05-23
View their other companies + combined net worth →
TOWLE, Adam Stewart→
Activedirector · ~43y · appointed 2024-11-07
View their other companies + combined net worth →
WILLIAMS, Andrew John→
Activedirector · ~72y · appointed 2020-05-07
View their other companies + combined net worth →
BLAKE, Mark Colin→
Resignedsecretary · appointed 2016-03-24 · resigned 2024-09-27
JUDSON, Chris→
Resignedsecretary · appointed 2024-11-07 · resigned 2025-11-21
LAVERACK, John Anthony→
Resignedsecretary · appointed 1994-04-13 · resigned 2002-07-25
MILLER, Sarah Louise→
Resignedsecretary · appointed 2024-09-27 · resigned 2024-11-07
OLDHAM, David→
Resignedsecretary · appointed 2003-01-09 · resigned 2009-11-01
OSBORNE, Antony Eric→
Resignedsecretary · appointed 2010-01-28 · resigned 2016-03-24
ROBERTS, Richard Mann→
Resignedsecretary · resigned 1993-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
28
Total charges
26
Outstanding
9
Active lenders
Status:Lender:28 of 28 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Triodos Bank UK Triodos Bank UK Limited | A registered charge | 3 properties | 07/07/2022 | 25/03/2026 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 2 properties | 29/11/2017 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 02/12/2014 | — | |
| outstanding | Big Lottery Fund | Legal charge | 1 property | 28/01/2013 | — | |
| outstanding | James David Wilson | Rent deposit deed | 1 property | 01/11/2012 | — | |
| outstanding | Perry Howard Gamon and Martin Harvey Gamon (The Trustees of the Robert Leonard Estates Retirement Benefit Scheme) Perry Howard Gamon and Martin Harvey Gamon (The Trustees of the Robert Leonard Estates Limited Retirement Benefit Scheme) | Counterpart lease | 1 property | 19/09/2012 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed charge | 1 property | 23/07/2009 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed charge | 1 property | 23/07/2009 | — | |
| outstanding | Robert Curtis Henry Vale, Robert Rolph Baldrey and Phillip Peter Stafford Beer Being Thetrustees of the Trust | Legal charge and equitable charge | 1 property | 17/05/2006 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 02/06/2005 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | 3 | 1 property | 10/11/1999 | — | |
| outstanding | The Housing Corporation | Agreement & legal charge | 1 property | 22/02/1989 | — | |
| outstanding | The Housing Corporation | Agreement & legal charge | 1 property | 22/02/1989 | — | |
| outstanding | The Housing Corporation | Agreement and legal charge | 2 properties | 16/05/1988 | — | |
| outstanding | The Housing Corporation | Legal agreement & equitable charge | 2 properties | 21/12/1987 | — | |
| outstanding | The Housing Corporation | Loan agreement & legal charge. | 1 property | 17/12/1985 | — | |
| outstanding | The Housing Corporation | Agreement and legal charge | 2 properties | 03/07/1984 | — | |
| outstanding | The Housing Corporation | Legal charge and agreement | 1 property | 27/10/1982 | — | |
| outstanding | The Housing Corporation | Agreement and legal charge | 2 properties | 25/03/1982 | — | |
| outstanding | The Housing Corporation | Agreement & legal charge | 1 property | 13/05/1981 | — | |
| outstanding | The Housing Corporation | Agreement & legal charge | 4 properties | 10/07/1980 | — | |
| outstanding | The Housing Corporation | Agreement & legal charge. | 1 property | 31/10/1979 | — | |
| outstanding | The Housing Corporation | Agreement | 1 property | 30/05/1979 | — | |
| satisfied | Cambridgeshire County Council | Mortgage | 1 property | 18/09/1978 | 11/12/2004 | |
| outstanding | The Housing Corporation | Agreement & legal charge | 2 properties | 11/08/1977 | — | |
| outstanding | The Housing Corporation | Legal charge | 1 property | 25/05/1976 | — | |
| outstanding | The Council of the Rural District of Chesterton in the County of Cambridge | Further charge | 1 property | 23/05/1953 | — | |
| outstanding | The Council of the Rural District of Chesterton in the County of Cambridge | Mortgage | 1 property | 23/05/1952 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (276 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
accounts-amended-with-accounts-type-full
accounts · AAMD
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-04
termination-secretary-company-with-name-termination-date
officers · TM02
2024-11-13
appoint-person-director-company-with-name-date
officers · AP01
2024-11-13
appoint-person-director-company-with-name-date
officers · AP01
2024-11-12
appoint-person-director-company-with-name-date
officers · AP01
2024-11-12
appoint-person-secretary-company-with-name-date
officers · AP03
2024-11-12
accounts-with-accounts-type-full
accounts · AA
2024-10-03