NGC EMPLOYEE SHARES TRUSTEE LIMITED

⚰️Wound downliquidation

02536998 · ltd · incorporated 1990-09-05

Investment thesis

Company liquidation — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

36/100

Watch

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 36/100 (watch), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. 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.

Data confidence

Overall: medium (59/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

23 officers (3 active, 23 linked, 15 with DOB)

Ownership & PSC

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

Director network

12 connected companies via shared directors

Filing history

148 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

36/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 insolvency

Last 180 days

filings

• 3 insolvency
• 1 address
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (61 events)Click to expand

2026-03-18
⚠️
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2025-12-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-17
⚠️
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2025-12-17
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2025-12-17
📄
resolution
resolution · RESOLUTIONS
2025-01-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-01-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-08-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-08-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-01
➕
BADDELEY, Julian Charles appointed
director
2024-07-31
➖
PATEL, Pritti resigned
director
2023-11-21
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-06
➕
HOLLIS, Katie Suzanne appointed
secretary
2023-10-27
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-10-26
➖
HAGAN, Lawrence resigned
secretary
2023-10-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-11-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-22
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-11-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-18
➖
BARNES, Megan resigned
secretary
2022-11-18
➕
HAGAN, Lawrence appointed
secretary
2022-11-18
➖
BARNES, Megan resigned
director
2022-11-18
➕
PATEL, Pritti appointed
director
2022-09-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-09-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-09-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-11-13
➕
BARNES, Megan appointed
director
2019-11-13
➖
BURNS, Clive resigned
director
2018-11-30
➕
BARNES, Megan appointed
secretary
2018-11-30
➖
MORGAN, Alice Parker resigned
secretary
2017-07-01
➕
HILL, Harriet appointed
director
2017-07-01
➖
NOBLE, Mark David resigned
director
2016-03-17
➕
MORGAN, Alice Parker appointed
secretary
2016-03-17
➖
RAYNER, Heather Maria resigned
secretary
2013-11-30
➖
FORWARD, David Charles resigned
secretary
2013-11-30
➕
RAYNER, Heather Maria appointed
secretary
2013-11-30
➕
BURNS, Clive appointed
director
2013-11-30
➖
FORWARD, David Charles resigned
director
2007-11-23
➖
BAKER, Helen Alice resigned
director
2007-11-23
➕
NOBLE, Mark David appointed
director
2006-12-18
➕
BAKER, Helen Alice appointed
director
2006-12-18
➖
FULKER, Patricia resigned
director
2002-12-31
➕
FULKER, Patricia appointed
director
2002-12-31
➖
SMITH, Fiona Brown resigned
director
2001-09-24
➖
BOX, Stephen John resigned
director
2001-09-24
➕
FORWARD, David Charles appointed
director
2001-03-31
➖
JONES, David Harold resigned
director
2001-03-30
➕
SMITH, Fiona Brown appointed
director

Showing most recent 50 of 61 events

Owner dependency

66/100

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.
+Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

46/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

4 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-12-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-29

Company in liquidation

high

Company is actively being wound up. Not a going concern.

3 insolvency-related filings on record

high

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

Evidence: 2026-03-18: liquidation-voluntary-members-return-of-final-meeting; 2025-12-17: liquidation-voluntary-declaration-of-solvency

Group structure

National Grid Electricity Transmission Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

National Grid Electricity Transmission Plc

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

NGC EMPLOYEE SHARES TRUSTEE LIMITED

This company · 02536998

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
National Grid Electricity Transmission Plc Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

1 historic (ceased) PSC

Ng Nominees Limitedceased 13/11/2024· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

11 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

Statusliquidation

Typeltd

Incorporated1990-09-05

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

C/O Interpath Ltd

10 Fleet Place

London

EC4M 7RB

Filing status

Accounts

Next due: 2025-12-31OVERDUE

Last made up to: 2024-03-31

Confirmation statement

Next due: 2026-01-29OVERDUE

Last: 2025-01-15

Officers (3 active · 20 resigned)

HOLLIS, Katie Suzanne→

secretary · appointed 2023-11-06

View their other companies + combined net worth →

Active

BADDELEY, Julian Charles→

director · ~45y · appointed 2024-08-01

View their other companies + combined net worth →

Active

HILL, Harriet→

director · ~59y · appointed 2017-07-01

View their other companies + combined net worth →

Active

BARNES, Megan→

secretary · appointed 2018-11-30 · resigned 2022-11-18

Resigned

FORWARD, David Charles→

secretary · appointed 1996-07-04 · resigned 2013-11-30

Resigned

HAGAN, Lawrence→

secretary · appointed 2022-11-18 · resigned 2023-10-26

Resigned

KENAGHAN, Susan Freda→

secretary · resigned 1993-02-11

Resigned

MORGAN, Alice Parker→

secretary · appointed 2016-03-17 · resigned 2018-11-30

Resigned

PHILLIPS, Richard Woodney→

secretary · appointed 1993-02-11 · resigned 1996-07-04

Resigned

RAYNER, Heather Maria→

secretary · appointed 2013-11-30 · resigned 2016-03-17

Resigned

BAKER, Helen Alice→

director · ~47y · appointed 2006-12-18 · resigned 2007-11-23

Resigned

BARNES, Megan→

director · ~39y · appointed 2019-11-13 · resigned 2022-11-18

Resigned

BOX, Stephen John→

director · ~76y · appointed 1997-08-15 · resigned 2001-09-24

Resigned

BURNS, Clive→

director · ~68y · appointed 2013-11-30 · resigned 2019-11-13

Resigned

FORWARD, David Charles→

director · ~71y · appointed 2001-09-24 · resigned 2013-11-30

Resigned

FULKER, Patricia→

director · ~77y · appointed 2002-12-31 · resigned 2006-12-18

Resigned

GOODCHILD, Michael Stuart→

director · ~81y · resigned 1996-07-09

Resigned

GUY, Anthony John→

director · ~76y · resigned 1996-07-04

Resigned

JONES, David Harold→

director · ~84y · appointed 1996-07-04 · resigned 2001-03-31

Resigned

NOBLE, Mark David→

director · ~60y · appointed 2007-11-23 · resigned 2017-07-01

Resigned

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

Recent filings (148 total)

liquidation-voluntary-members-return-of-final-meeting

insolvency · LIQ13

2026-03-18

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-12-17

liquidation-voluntary-declaration-of-solvency

insolvency · LIQ01

2025-12-17

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2025-12-17

resolution

resolution · RESOLUTIONS

2025-12-17

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2025-01-22

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-22

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-01-22

accounts-with-accounts-type-dormant

accounts · AA

2024-08-19

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

officers · AP01

2024-08-07

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

officers · TM01

2024-08-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-23

appoint-person-secretary-company-with-name-date

officers · AP03

2023-11-21

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

officers · TM02

2023-10-27

accounts-with-accounts-type-dormant

accounts · AA

2023-10-19