LONDON BUILDING COMPANY LIMITED
Opportunity 36/100 (watch), bankability 30/100. Strong seller-intent signal (65/100, director aged 67). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Refinance opportunity
2 live charges · 2 lenders · oldest 35.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2022-03-31 | 2021-03-31 |
|---|---|---|
| Turnover | — | £4.84M |
| Gross profit | — | £654.9k |
| Operating profit | — | £208.5k |
| Profit before tax | £-1.93M | £208.4k |
| Average employees | 700 | 300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 insolvency
- • 1 insolvency
Corporate timeline (43 events)Click to expand
- 2026-03-30⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2025-02-28⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-04-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-02-16⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2024-02-16⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-02-16📄resolutionresolution · RESOLUTIONS
- 2023-07-27📄accounts-with-accounts-type-fullaccounts · AA
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-02-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-02-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-02-08➕CUNNINGHAM, Gerard appointedsecretary
- 2023-02-08➕CUNNINGHAM, Gerard appointeddirector
- 2023-02-08➖CORROON, Sean resignedsecretary
- 2023-02-08➖ENRIGHT, Kevin resigneddirector
- 2023-02-08➖GODLEY, James resigneddirector
- 2022-01-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-01-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-01-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-01🔓Charge satisfied #2
- 2021-10-13📄statement-of-companys-objectschange-of-constitution · CC04
- 2021-10-13📄resolutionresolution · RESOLUTIONS
- 2021-10-13📄re-registration-memorandum-articlesincorporation · MAR
- 2021-10-13✏️certificate-re-registration-public-limited-company-to-privatechange-of-name · CERT10
- 2020-01-31➕CORROON, Sean appointedsecretary
- 2020-01-31➖CUNNINGHAM, Gerard, Mr. resignedsecretary
- 2020-01-31➖CUNNINGHAM, Bernadette Marie resigneddirector
- 2020-01-31➖CUNNINGHAM, Gerard resigneddirector
- 2020-01-31➕ENRIGHT, Kevin appointeddirector
- 2020-01-31➕GODLEY, James appointeddirector
- 2013-07-10➕CUNNINGHAM, Bernadette Marie appointeddirector
- 2013-07-10➖CUNNINGHAM, Denis resigneddirector
- 1998-03-02➖GALLEN, Gerard John resigneddirector
- 1997-10-01➕GALLEN, Gerard John appointeddirector
- 1994-06-23🔒Charge registered #2Lender: Midland Bank PLC
- 1994-05-10🔓Charge satisfied #1
- 1990-10-12🔒Charge registered #1Lender: The Heritable and General Investment Bank LTD
- 1986-04-17🏢Company incorporatedAs LONDON BUILDING COMPANY LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2024-03-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2024-02-05
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-03-30: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-02-28: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gerard Cunningham Individual · Irish · DOB 01/1959 · age 67 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mr James Patrick Godleyceased 08/02/2023· board control
- Mr Kevin Paul Enrightceased 08/02/2023· board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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14 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 →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
Registered office
Filing status
Officers (2 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Midland Bank Midland Bank PLC | Fixed and floating charge | 1 property | 23/06/1994 | 01/11/2021 | |
| satisfied | The Heritable and General Investment Bank The Heritable and General Investment Bank LTD | Charge over sub-contract | 1 property | 12/10/1990 | 10/05/1994 |