WORKTOWN PROPERTIES LIMITED
💤Zombieactive
01480985 · ltd · incorporated 1980-02-22
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 Sept 2025
Net worth
£358.2k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Special-situation opportunityDistressed property with salvageable qualities — special-situations priority.
Opportunity 71/100 (strong), bankability 57/100. Strong seller-intent signal (78/100, director aged 85). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
16 live charges · 7 lenders · oldest 43.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.3 years old — likely at or near maturity.
- · 7 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
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
150 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £358,223
Cash YoY
+161%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£79k
↑ 161% YoY
Net Worth
£358k
↑ 6.4% YoY
Current Assets
£92k
↑ 86% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £358.2k | £336.7k |
| Current assets | £91.7k | £49.4k |
| Cash | £79.0k | £30.2k |
| Debtors | £12.7k | £19.2k |
| Net assets | £358.2k | £336.7k |
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
1
filing
- • 1 accounts
Last 90 days
2
filings
- • 1 accounts
- • 1 gazette
Last 180 days
3
filings
- • 2 gazette
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2026-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-25📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-04-14📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-29📄gazette-notice-compulsorygazette · GAZ1
- 2021-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-03-23➖DICKSON, Maureen Sarah resigneddirector
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-01-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-01-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-09📄change-person-director-company-with-change-dateofficers · CH01
- 2019-01-09📄change-person-director-company-with-change-dateofficers · CH01
- 2000-08-01➕DICKSON, John Park appointedsecretary
- 2000-08-01➖DICKSON, Andrew John Edward resignedsecretary
- 2000-08-01➖DICKSON, Jonathan Henderson resigneddirector
- 2000-08-01➖DICKSON, Richard James Maxwell resigneddirector
- 1999-05-05🔓Charge satisfied #16
- 1994-11-01➕DICKSON, John Park appointeddirector
- 1994-11-01➕DICKSON, Maureen Sarah appointeddirector
- 1994-05-14🔓Charge satisfied #15
- 1994-05-14🔓Charge satisfied #14
- 1994-05-14🔓Charge satisfied #12
- 1994-05-14🔓Charge satisfied #9
- 1994-05-14🔓Charge satisfied #8
- 1994-05-14🔓Charge satisfied #6
- 1994-03-01➕DICKSON, Andrew John Edward appointedsecretary
- 1994-03-01➖DICKSON, Jonathan Henderson resignedsecretary
- 1993-07-30➖COLES, John Robert resigneddirector
- 1991-12-13🔒Charge registered #16Lender: Barclays Bank PLC
- 1989-08-11🔓Charge satisfied #13
- 1989-08-08🔓Charge satisfied #11
- 1989-08-08🔓Charge satisfied #10
- 1989-08-08🔓Charge satisfied #5
- 1989-03-07🔓Charge satisfied #7
- 1989-03-07🔓Charge satisfied #4
- 1989-03-06🔒Charge registered #15Lender: Barclays Bank PLC
- 1989-03-02🔒Charge registered #14Lender: Barclays Bank PLC
- 1989-01-12🔒Charge registered #12Lender: Barclays Bank PLC
- 1988-11-18🔒Charge registered #11Lender: Barclays Bank PLC
- 1988-11-18🔒Charge registered #10Lender: Barclays Bank PLC
- 1988-11-02🔒Charge registered #9Lender: Barclays Bank PLC
- 1988-10-20🔒Charge registered #7Lender: Barclays Bank PLC
- 1988-10-13🔒Charge registered #8Lender: Barclays Bank PLC
Showing most recent 50 of 58 events
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 85 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-01-12
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Strandtown Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Strandtown Limited
Corporate parent · holds 75-100% shares
⬇
WORKTOWN PROPERTIES LIMITED
This company · 01480985
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Strandtown Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/10/2016 |
2 historic (ceased) PSCs
- Mrs Maureen Sarah Dicksonceased 01/10/2016· 25-50% shares · 25-50% voting
- Mr John Park Dicksonceased 01/10/2016· 25-50% shares · 25-50% voting
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
Active · Property · SO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A&B UK PROPERTIES LTD→ 13901883 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AC DEVELOPMENTS HAMPSHIRE LTD→ 15109666 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACER ASSET INVESTMENTS LIMITED→ 12998225 · est 2020 | — | — | — | 0 | 5y | — | — |
| ADDISON ESTATE AGENTS LIMITED→ 15825658 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADKINS HOMES LETTINGS LIMITED→ 12123738 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ADS PROPERTIES (SOUTHERN) LTD→ 11870430 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ADS UK-PROPERTIES LTD→ 15471922 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AESTHETIC HOUSE LIMITED→ 13269388 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AFF PROPERTY LTD→ 12666639 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AFFIRM HOMES LTD→ 12281629 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AFS LETTINGS LTD→ 14641792 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AGD CONTRACTORS LTD→ 16024343 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1980-02-22
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Highland House Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-01-12OVERDUE
Last: 2024-12-29
Officers (2 active · 6 resigned)
DICKSON, John Park→
Activesecretary · appointed 2000-08-01
View their other companies + combined net worth →
DICKSON, John Park→
Activedirector · ~85y · appointed 1994-11-01
View their other companies + combined net worth →
DICKSON, Andrew John Edward→
Resignedsecretary · appointed 1994-03-01 · resigned 2000-08-01
DICKSON, Jonathan Henderson→
Resignedsecretary · resigned 1994-03-01
COLES, John Robert→
Resigneddirector · ~80y · resigned 1993-07-30
DICKSON, Jonathan Henderson→
Resigneddirector · ~61y · resigned 2000-08-01
DICKSON, Maureen Sarah→
Resigneddirector · ~82y · appointed 1994-11-01 · resigned 2021-03-23
DICKSON, Richard James Maxwell→
Resigneddirector · ~58y · resigned 2000-08-01
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
3
Outstanding
2
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | Guarantee and debenture | 1 property | 13/12/1991 | 05/05/1999 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 06/03/1989 | 14/05/1994 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 02/03/1989 | 14/05/1994 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 12/01/1989 | 14/05/1994 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 18/11/1988 | 08/08/1989 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 18/11/1988 | 08/08/1989 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 02/11/1988 | 14/05/1994 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 20/10/1988 | 07/03/1989 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 13/10/1988 | 14/05/1994 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 21/09/1988 | 14/05/1994 | |
| satisfied | The Royal Trust Company of Canada. | Legal charge | 1 property | 04/04/1986 | 08/08/1989 | |
| satisfied | The Royal Trust Company of Canada | Legal charge | 1 property | 04/04/1986 | 07/03/1989 | |
| outstanding | Westernig Bv | First mortgage | 1 property | 29/03/1985 | — | |
| outstanding | Exploitatiemaatschappis Udomy Bv | Mortgage | 2 properties | 17/09/1984 | — | |
| outstanding | Exploitatiemaatschappis Udomy Bv | Mortgage | 1 property | 14/04/1983 | — | |
| satisfied | Norwich General Trust . Norwich General Trust Limited. | Legal charge | 1 property | 30/03/1983 | 11/08/1989 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (150 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-26
gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-25
gazette-notice-compulsory
gazette · GAZ1
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-01
gazette-filings-brought-up-to-date
gazette · DISS40
2022-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
gazette-notice-compulsory
gazette · GAZ1
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
termination-director-company-with-name-termination-date
officers · TM01
2021-05-13