PPS (LOCAL & REGIONAL) LIMITED

⚰️Wound downdissolved
02451155 · ltd · incorporated 1989-12-11
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
55/100
Worth a look
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 62/100. Strong seller-intent signal (63/100, director aged 76). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 6 lenders · oldest 26.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
43 officers (2 active, 43 linked, 35 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
215 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
55/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (117 events)Click to expand
  1. 2022-12-13
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2022-12-13
    🏁
    Company dissolved
  3. 2022-09-06
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2022-08-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2022-01-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2022-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-12-31
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  8. 2021-12-31
    📄
    legacy
    accounts · PARENT_ACC
  9. 2021-12-31
    📄
    legacy
    other · AGREEMENT2
  10. 2021-12-31
    📄
    legacy
    other · GUARANTEE2
  11. 2021-10-22
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  12. 2021-10-22
    📄
    legacy
    capital · SH20
  13. 2021-10-22
    ⚠️
    legacy
    insolvency · CAP-SS
  14. 2021-10-22
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2020-11-03
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2020-11-03
    📄
    legacy
    accounts · PARENT_ACC
  17. 2020-07-16
    📄
    legacy
    other · AGREEMENT2
  18. 2020-07-16
    📄
    legacy
    other · GUARANTEE2
  19. 2020-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-06-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2020-06-15
    PENNA, Sergio appointed
    director
  22. 2020-06-15
    VECCHIO, Federico resigned
    director
  23. 2020-06-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2020-05-21
    FRANKLIN, Louise Hannah resigned
    director
  25. 2019-12-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2019-12-13
    🔓
    Charge satisfied #7
  27. 2019-11-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2019-11-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2019-11-12
    TAGLIABUE, Fiorenzo Vittorio appointed
    director
  30. 2019-11-12
    GOLEMBIEWSKI, Eugene Gerard resigned
    director
  31. 2019-11-12
    VECCHIO, Federico appointed
    director
  32. 2019-08-09
    BANKES, Rhydian resigned
    director
  33. 2019-08-09
    FRANKLIN, Louise Hannah appointed
    director
  34. 2018-01-26
    BYFIELD, Stephen Keith resigned
    director
  35. 2017-08-21
    BANKES, Rhydian appointed
    director
  36. 2017-08-21
    WRIGHT, David Ernest resigned
    director
  37. 2017-06-27
    🔓
    Charge satisfied #6
  38. 2017-06-09
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  39. 2015-10-08
    🔒
    Charge registered #6
    Lender: Leumi Abl Limited
  40. 2015-10-02
    🔓
    Charge satisfied #1
  41. 2015-04-16
    🔒
    Charge registered #5
    Lender: Hawk Investment Holdings Limited
  42. 2015-01-19
    🔒
    Charge registered #4
    Lender: Retro Grand Limited
  43. 2014-11-10
    THAKER, Sangeeta resigned
    secretary
  44. 2014-11-10
    GOLEMBIEWSKI, Eugene Gerard appointed
    director
  45. 2014-11-10
    KELLY, Paul Roger Graeme resigned
    director
  46. 2014-11-10
    THAKER, Sangeeta, Mrs. resigned
    director
  47. 2014-11-10
    WRIGHT, David Ernest appointed
    director
  48. 2014-10-28
    🔓
    Charge satisfied #3
  49. 2014-10-28
    🔓
    Charge satisfied #2
  50. 2013-12-31
    SCHOFIELD, Samuel resigned
    director
Showing most recent 50 of 117 events

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

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 76 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 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2022-12-13

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2021-10-22: legacy

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.

Group structure

Newgate Pr Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Newgate Pr Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
PPS (LOCAL & REGIONAL) LIMITED
This company · 02451155

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%
NameSharesVoting rightsNature of controlNotified
Newgate Pr Holdings Limited
Corporate entity
75100%
75-100% shares06/04/2016

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

9 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

Statusdissolved
Typeltd
Incorporated1989-12-11
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

14 Greville Street
London
EC1N 8SB
United Kingdom

Filing status

Accounts
Next due:
Last made up to: 2020-12-31
Confirmation statement
Next due:
Last:

Officers (0 active · 41 resigned)

PENNA, Sergio
director · ~49y · appointed 2020-06-15
View their other companies + combined net worth →
Active
TAGLIABUE, Fiorenzo Vittorio
director · ~76y · appointed 2019-11-12
View their other companies + combined net worth →
Active
CLARK, Julie Elizabeth
secretary · appointed 1999-02-01 · resigned 2005-03-09
Resigned
NOLAN, Heloise Patricia
secretary · appointed 1994-09-16 · resigned 1995-07-02
Resigned
ST GEORGE, Charles Reginald
secretary · appointed 2005-03-09 · resigned 2010-09-30
Resigned
ST GEORGE, Charles Reginald
secretary · appointed 1998-08-31 · resigned 1999-02-01
Resigned
ST GEORGE, Charles Reginald
secretary · appointed 1995-07-02 · resigned 1998-01-31
Resigned
ST GEORGE, Charles Reginald
secretary · appointed 1991-10-07 · resigned 1994-09-28
Resigned
THAKER, Sangeeta
secretary · appointed 2010-09-30 · resigned 2014-11-10
Resigned
WALLER, Joan
secretary · resigned 1991-10-07
Resigned
ANDERSON, Donald Craig
director · ~64y · appointed 2007-10-15 · resigned 2010-09-30
Resigned
BANKES, Rhydian
director · ~43y · appointed 2017-08-21 · resigned 2019-08-09
Resigned
BOYFIELD, Paul
director · ~54y · appointed 2004-12-01 · resigned 2008-11-26
Resigned
BYFIELD, Keith James
director · ~92y · appointed 1992-01-23 · resigned 2000-03-23
Resigned
BYFIELD, Stephen Keith
director · ~63y · resigned 2018-01-26
Resigned
CLARK, Julie Elizabeth
director · ~61y · appointed 1999-05-01 · resigned 2005-03-09
Resigned
CUMMINGS, Mark
director · ~48y · appointed 2007-02-01 · resigned 2007-09-28
Resigned
EVANS, Richard Wynford
director · ~67y · appointed 2004-12-01 · resigned 2009-10-16
Resigned
FRANKLIN, Louise Hannah
director · ~36y · appointed 2019-08-09 · resigned 2020-05-21
Resigned
GOLEMBIEWSKI, Eugene Gerard
director · ~68y · appointed 2014-11-10 · resigned 2019-11-12
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge09/06/201713/12/2019
satisfied
Leumi Abl
Leumi Abl Limited
A registered charge08/10/201527/06/2017
outstanding
Hawk Investment Holdings
Hawk Investment Holdings Limited
A registered charge16/04/2015
outstanding
Retro Grand
Retro Grand Limited
A registered charge19/01/2015
satisfied
Barnardo's
Rent deposit deed1 property27/09/200628/10/2014
satisfied
Barnardo's
Rent deposit deed1 property28/09/200028/10/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property20/12/199902/10/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (215 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2022-12-13
gazette-notice-voluntary
gazette · GAZ1(A)
2022-09-06
dissolution-application-strike-off-company
dissolution · DS01
2022-08-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-01-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-10
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2021-12-31
legacy
accounts · PARENT_ACC
2021-12-31
legacy
other · AGREEMENT2
2021-12-31
legacy
other · GUARANTEE2
2021-12-31
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2021-10-22
legacy
capital · SH20
2021-10-22
legacy
insolvency · CAP-SS
2021-10-22
resolution
resolution · RESOLUTIONS
2021-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-07
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2020-11-03