LAWGRIND LIMITED

🌳Matureactive
00897535 · ltd · incorporated 1967-02-06
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 57.7y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£-265
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 90). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 57.7y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 57.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
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
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £265

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£265
~ YoY
Current Assets
Current Liabilities
-£265-£265-£265-£265-£265-£265Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-215£-215
Debtors£1£1
Net assets£-265£-265

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-10-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-11-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2015-11-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2014-12-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-09-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2013-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2006-12-23
    🔓
    Charge satisfied #3
  17. 1993-10-28
    🔓
    Charge satisfied #2
  18. 1991-11-26
    🔓
    Charge satisfied #1
  19. 1990-02-28
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  20. 1968-09-17
    🔒
    Charge registered #2
    Lender: Midland Bank LTD
  21. 1968-09-17
    🔒
    Charge registered #1
    Lender: Midland Bank LTD
  22. 1967-02-06
    🏢
    Company incorporated
    As LAWGRIND LIMITED

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 90 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 90 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 59 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Nicholas David Rowlands
Individual · British · DOB 05/1962 · age 64
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated1967-02-06
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

24 Broad Street
Knighton
Powys
LD7 1BS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-10
Last: 2025-10-27

Officers (3 active · 0 resigned)

ROWLANDS, Nicholas David
secretary
View their other companies + combined net worth →
Active
ROWLANDS, Nicholas David
director · ~64y
View their other companies + combined net worth →
Active
ROWLANDS, William David Anthony
director · ~90y
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property28/02/199023/12/2006
satisfied
Midland Bank
Midland Bank LTD
Floating charge1 property17/09/196828/10/1993
satisfied
Midland Bank
Midland Bank LTD
Mortgage1 property17/09/196826/11/1991

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-10-29