PANNELL INVESTMENTS LIMITED
💤Zombieactive
02573574 · ltd · incorporated 1991-01-14
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 Apr 2025
Net worth
£652.3k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueAsset-holding vehicle with a 77-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 5 lenders · oldest 34.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £652,274
Cash YoY
+19%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£413k
↑ 19% YoY
Net Worth
£652k
↑ 4.1% YoY
Current Assets
£501k
↑ 18% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £1.27M | £1.19M |
| Current assets | £501.3k | £424.2k |
| Cash | £413.3k | £347.6k |
| Debtors | £88.0k | £76.6k |
| Net assets | £652.3k | £626.5k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-04-05📄gazette-notice-compulsorygazette · GAZ1
- 2022-01-10➕PANNELL, Madeline Carol appointeddirector
- 2022-01-10➖PANNELL, Howard Charles resigneddirector
- 2021-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-02-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-02-02🔓Charge satisfied #4
- 2021-02-02🔓Charge satisfied #3
- 2021-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-10🔓Charge satisfied #5
- 2013-11-29🔒Charge registered #5Lender: Lloyds Bank PLC
- 2002-05-17🔓Charge satisfied #2
- 2002-05-17🔓Charge satisfied #1
- 2002-03-05🔒Charge registered #4Lender: National Westminster Bank PLC
- 2002-03-05🔒Charge registered #3Lender: Nationwide Building Society
- 1991-09-24🔒Charge registered #2Lender: The National Mortgage Bank PLC
- 1991-09-24🔒Charge registered #1Lender: The National Mortgage Bank PLC.
- 1991-01-14🏢Company incorporatedAs PANNELL INVESTMENTS LIMITED
- 1991-01-14➕PANNELL, Madeline Carol appointedsecretary
- 1991-01-14➕ALPHA SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 1991-01-14➖ALPHA SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 1991-01-14➕PANNELL, Howard Charles appointeddirector
- 1991-01-14➕ALPHA DIRECT LIMITED appointedcorporate-nominee-director
- 1991-01-14➖ALPHA DIRECT LIMITED resignedcorporate-nominee-director
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.
- +Founder name in company name: Company name contains director surname "PANNELL" — strong identity link between founder and business.
- +Founder age: Director aged approximately 77 — succession pressure is live.
Succession & seller-readiness
85/100
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 77 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Madeline Carol Pannell Individual · British · DOB 05/1949 · age 77 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 10/01/2022 |
1 historic (ceased) PSC
- Mr Howard Charles Pannellceased 28/06/2024· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · SS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A HANDYMAN LIMITED→ 11349973 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A I E INDUSTRIAL ENGINEERING LIMITED→ 11342998 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVANCED FACILITIES MANAGEMENT LTD→ 15704970 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVANCED THERMAL SERVICES LTD→ 15218136 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEGIS 2024 LTD→ 15262147 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AEL CARPENTRY LTD→ 09239083 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AES SCAFFOLDING LIMITED→ 11494319 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AFAS INTERIORS LTD→ 11702228 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AFFIX SERVICES LTD→ 16717140 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AG BLACKWELL LIMITED→ 08189108 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AG CONTRACTS LTD→ 15619389 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AG FLOORING SOLUTIONS LIMITED→ 15033387 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Typeltd
Incorporated1991-01-14
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
361 Rayleigh Road
Leigh-On-Sea
Essex
SS9 5PS
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14
Officers (2 active · 3 resigned)
PANNELL, Madeline Carol→
Activesecretary · appointed 1991-01-14
View their other companies + combined net worth →
PANNELL, Madeline Carol→
Activedirector · ~77y · appointed 2022-01-10
View their other companies + combined net worth →
ALPHA SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-01-14 · resigned 1991-01-14
PANNELL, Howard Charles→
Resigneddirector · ~74y · appointed 1991-01-14 · resigned 2022-01-10
ALPHA DIRECT LIMITED→
Resignedcorporate-nominee-director · appointed 1991-01-14 · resigned 1991-01-14
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 29/11/2013 | 10/11/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 05/03/2002 | 02/02/2021 | |
| satisfied | Nationwide Nationwide Building Society | Debenture | 1 property | 05/03/2002 | 02/02/2021 | |
| satisfied | The National Mortgage Bank The National Mortgage Bank PLC | Legal charge | 1 property | 24/09/1991 | 17/05/2002 | |
| satisfied | The National Mortgage Bank . The National Mortgage Bank PLC. | Fixed and floating charge | 1 property | 24/09/1991 | 17/05/2002 |
Recent filings (101 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-10
termination-director-company-with-name-termination-date
officers · TM01
2022-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-05-09
appoint-person-director-company-with-name-date
officers · AP01
2022-05-09
gazette-filings-brought-up-to-date
gazette · DISS40
2022-04-13