LOMBARDIC CORPORATION PLC

🌳Matureactive

02254168 · plc · incorporated 1988-05-09

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 36.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-8.68M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 36.4y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 36.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

24 officers (2 active, 24 linked, 15 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

153 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £8,676,208

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£8.7m

~ YoY

Current Assets

-£8.7m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-30	2024-03-30
Total assets	£-8.68M	£-8.68M
Current assets	£-8.66M	£-8.66M
Debtors	£-8.66M	£-8.66M
Net assets	£-8.68M	£-8.68M

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

filings

Last 90 days

filings

Last 180 days

filings

• 5 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (61 events)Click to expand

2026-02-26
➖
NIELSEN, Sheila resigned
secretary
2026-02-26
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-11
📄
change-person-director-company-with-change-date
officers · CH01
2026-02-10
📄
change-person-director-company-with-change-date
officers · CH01
2026-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-01
➕
NEUMAN, Eren appointed
director
2025-11-01
➖
HOFFMAN, Anna Bruno resigned
director
2025-09-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-12-13
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-10-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-11-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-09-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-11-01
📄
change-person-director-company-with-change-date
officers · CH01
2018-10-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2006-07-20
➕
CARROLL, Gerald appointed
director
2004-11-17
➖
CARROLL, Gerald John Howard resigned
director
2004-11-17
➕
HOFFMAN, Anna Bruno appointed
director
2001-09-07
➕
NIELSEN, Sheila appointed
secretary
2001-06-20
➖
HASSAN, Levent resigned
secretary
2001-06-20
➖
HASSAN, Levent resigned
director
2001-01-26
➕
HASSAN, Levent appointed
secretary
2001-01-26
➕
CARROLL, Gerald John Howard appointed
director
2001-01-26
➕
HASSAN, Levent appointed
director
2001-01-23
➖
DAY, Kenneth resigned
secretary
2001-01-23
➖
DAY, Kenneth resigned
director
2001-01-23
➖
TRAVIS, Ben Jonathan resigned
director
1999-06-03
➕
DAY, Kenneth appointed
secretary
1999-06-03
➕
DAY, Kenneth appointed
director
1999-05-12
➖
COSTIDE, Iolanda Marie Beatrice resigned
secretary
1999-05-12
➖
COSTIDE, Iolanda Marie Beatrice resigned
director
1997-01-21
➕
COSTIDE, Iolanda Marie Beatrice appointed
secretary
1997-01-21
➖
CASTLE, Laurence Hay resigned
director
1997-01-21
➕
COSTIDE, Iolanda Marie Beatrice appointed
director
1997-01-21
➕
TRAVIS, Ben Jonathan appointed
director
1996-11-18
➖
JUDD, Barry Andrew resigned
secretary
1996-11-18
➖
CARROLL, John Robert resigned
director
1996-11-18
➖
JUDD, Barry Andrew resigned
director
1995-10-04
➖
CLARKE, Anthony Richard resigned
secretary
1995-10-04
➕
JUDD, Barry Andrew appointed
secretary
1995-10-04
➕
CARROLL, John Robert appointed
director
1995-10-04
➕
CASTLE, Laurence Hay appointed
director
1995-10-04
➖
CLARKE, Anthony Richard resigned
director
1995-10-04
➕
JUDD, Barry Andrew appointed
director
1995-06-23
➕
CLARKE, Anthony Richard appointed
secretary
1995-06-23
➖
MULLIGAN, Gregory Patrick resigned
secretary

Showing most recent 50 of 61 events

Owner dependency

83/100

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.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

79/100

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 75 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 20 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: NIELSEN, Sheila resigned 2026-02-26; HOFFMAN, Anna Bruno resigned 2025-11-01

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Gerald Carroll Individual · British · DOB 10/1951 · age 75	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

1 historic (ceased) PSC

Carroll Foundationceased 06/04/2016· significant influence

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

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34 QG LIMITED→ 15173778 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
365 ENERGY GROUP LIMITED→ 16417330 · est 2025 · no financials extracted	—	—	—	—	—	—	—
365 HOME SOLUTIONS LTD→ 16871559 · est 2025 · no financials extracted	—	—	—	—	—	—	—
369 POWER SERVICES LTD→ 16172749 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
388 DEVELOPMENT LTD→ 11789924 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
3D ART FACTORY LTD→ 08848206 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
3DARCHIVIZION LIMITED→ 07224269 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
3VI PADDINGTON GARDENS LIMITED→ 11691012 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
4 SEASONS COMFORT HVAC LTD→ 15322664 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
40-46 SURBITON ROAD LIMITED→ 11855725 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
428 ASSOCIATES LTD→ 11675255 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
45 REDAN STREET LIMITED→ 16293813 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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

Typeplc

Incorporated1988-05-09

Jurisdictionengland-wales

Primary SIC41100 — Development of building projects

Registered office

6 Kingsley Lodge 13 New Cavendish Street

London

W1G 9UG

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2025-03-30

Confirmation statement

Next due: 2026-12-12

Last: 2025-11-28

Officers (2 active · 22 resigned)

CARROLL, Gerald→

director · ~75y · appointed 2006-07-20

View their other companies + combined net worth →

Active

NEUMAN, Eren→

director · ~59y · appointed 2025-11-01

View their other companies + combined net worth →

Active

CLARKE, Anthony Richard→

secretary · appointed 1995-06-23 · resigned 1995-10-04

Resigned

COLVILLE, Michael John→

secretary · resigned 1993-02-26

Resigned

COSTIDE, Iolanda Marie Beatrice→

secretary · appointed 1997-01-21 · resigned 1999-05-12

Resigned

DAY, Kenneth→

secretary · appointed 1999-06-03 · resigned 2001-01-23

Resigned

HASSAN, Levent→

secretary · appointed 2001-01-26 · resigned 2001-06-20

Resigned

JUDD, Barry Andrew→

secretary · appointed 1995-10-04 · resigned 1996-11-18

Resigned

MULLIGAN, Gregory Patrick→

secretary · appointed 1993-02-26 · resigned 1995-06-23

Resigned

NIELSEN, Sheila→

secretary · appointed 2001-09-07 · resigned 2026-02-26

Resigned

CARROLL, Gerald John Howard→

director · ~75y · appointed 2001-01-26 · resigned 2004-11-17

Resigned

CARROLL, Gerald John Howard→

director · ~75y · resigned 1995-02-09

Resigned

CARROLL, John Robert→

director · ~103y · appointed 1995-10-04 · resigned 1996-11-18

Resigned

CASTLE, Laurence Hay→

director · ~77y · appointed 1995-10-04 · resigned 1997-01-21

Resigned

CLARKE, Anthony Richard→

director · ~73y · resigned 1995-10-04

Resigned

COLVILLE, Michael John→

director · resigned 1993-02-22

Resigned

COSTIDE, Iolanda Marie Beatrice→

director · ~76y · appointed 1997-01-21 · resigned 1999-05-12

Resigned

CURRIE, Timothy→

director · ~70y · appointed 1992-11-02 · resigned 1995-05-16

Resigned

DAY, Kenneth→

director · ~71y · appointed 1999-06-03 · resigned 2001-01-23

Resigned

HASSAN, Levent→

director · ~54y · appointed 2001-01-26 · resigned 2001-06-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	The Long Term Credit Bank of Japan The Long Term Credit Bank of Japan Limited	Charge	1 property	24/09/1992	—
outstanding	The Long Term Credit Bank of Japan The Long Term Credit Bank of Japan Limited	Charge and assignment	2 properties	23/12/1991	—
outstanding	The Long - Term Credit Bank of Japan The Long - Term Credit Bank of Japan Limited	Fixed & floating	1 property	20/12/1989	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (153 total)

termination-secretary-company-with-name-termination-date

officers · TM02

2026-02-26

change-person-director-company-with-change-date

officers · CH01

2026-02-11

change-person-director-company-with-change-date

officers · CH01

2026-02-10

appoint-person-director-company-with-name-date

officers · AP01

2026-02-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-08

termination-director-company-with-name-termination-date

officers · TM01

2026-01-08