PENN STREET TAVERNS LIMITED
⚰️Wound downdissolved
03412407 · ltd · incorporated 1997-07-31
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 21.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
58/100
Worth a look
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 58/100 (worth a look), bankability 60/100. Strong seller-intent signal (65/100, director aged 63). Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
45 live charges · 2 lenders · oldest 21.9y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
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
0
Lenders & charges
45 charges (45/45 with lender, 45/45 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
140 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
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 (100 events)Click to expand
- 2019-06-18📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2019-06-18🏁Company dissolved
- 2019-03-09📄dissolution-voluntary-strike-off-suspendeddissolution · SOAS(A)
- 2019-02-26📄gazette-notice-voluntarygazette · GAZ1(A)
- 2019-02-14📄dissolution-application-strike-off-companydissolution · DS01
- 2018-03-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-04-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-08-04🔓Charge satisfied #8
- 2016-07-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2016-04-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-15📄gazette-notice-compulsorygazette · GAZ1
- 2016-01-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-01-05🔓Charge satisfied #5
- 2015-04-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2014-04-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-03-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2014-03-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-03-18📄gazette-notice-compulsarygazette · GAZ1
- 2012-08-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2012-05-29🔓Charge satisfied #44
- 2012-05-29🔓Charge satisfied #42
- 2012-05-29🔓Charge satisfied #41
- 2012-05-29🔓Charge satisfied #39
- 2012-05-29🔓Charge satisfied #37
- 2012-05-29🔓Charge satisfied #36
- 2012-05-29🔓Charge satisfied #32
- 2012-05-29🔓Charge satisfied #31
- 2012-05-29🔓Charge satisfied #25
- 2012-05-25🔓Charge satisfied #9
- 2012-05-17🔓Charge satisfied #24
- 2012-05-17🔓Charge satisfied #23
- 2012-05-17🔓Charge satisfied #22
- 2012-05-17🔓Charge satisfied #21
- 2012-05-17🔓Charge satisfied #18
- 2012-05-17🔓Charge satisfied #15
- 2012-05-17🔓Charge satisfied #11
- 2012-05-17🔓Charge satisfied #4
- 2011-01-06🔓Charge satisfied #35
- 2011-01-06🔓Charge satisfied #3
- 2010-01-18🔒Charge registered #46Lender: West Register (Investments) Limited
- 2010-01-18🔒Charge registered #45Lender: West Register (Investments) Limited
- 2010-01-18🔒Charge registered #44Lender: West Register (Investments) Limited
- 2010-01-18🔒Charge registered #43Lender: West Register (Investments) Limited
Showing most recent 50 of 100 events
Owner dependency
93/100
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.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med · 1 lowCompany dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2019-06-18
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
23 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Warwick Stephen Ellis Individual · British · DOB 05/1963 · age 63 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Hospitality · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 OLDBURY LTD→ 07648590 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 112GW NAILSEA LIMITED→ 15145332 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 123 PIZZA LTD→ 16582600 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 13TH STREET HOSPITALITY LTD→ 13135428 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 168 DRAGON LIMITED→ 16007033 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 19 FIFTY SEVEN LOUNGE LIMITED→ 16987502 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1ST STEP HOUSING LTD→ 15000852 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1UK FRIED CHICKEN LIMITED→ 14915278 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 2 BROTHERS DINNING LTD→ 14164218 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 2 FRIENDS CATERING COMPANY LTD→ 13463323 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 FRIENDS PUB COMPANY LTD→ 13463321 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 UK FRIED CHICKEN LTD→ 16484159 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1997-07-31
Jurisdictionengland-wales
Primary SIC56302 — Public houses and bars
Registered office
210 Bromford Lane, Erdington
Birmingham
West Midlands
B24 8DL
Filing status
Accounts
Next due: —
Last made up to: 2017-07-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 3 resigned)
MCLEOD, Rosanna Susan→
Activesecretary · appointed 1997-08-29
View their other companies + combined net worth →
ELLIS, Warwick Stephen→
Activedirector · ~63y · appointed 1997-08-29
View their other companies + combined net worth →
WATTS, Philip→
Resignedsecretary · appointed 1997-07-31 · resigned 1997-08-29
MILLROSS, Andrew Alexander→
Resigneddirector · ~64y · appointed 1997-07-31 · resigned 1997-08-29
WATTS, Philip→
Resigneddirector · ~61y · appointed 1997-07-31 · resigned 1997-08-29
Click a director name to see their full track record across all companies.
Mortgages & charges
45
Total charges
23
Outstanding
2
Active lenders
Status:Lender:45 of 45 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 06/01/2011 | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| outstanding | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | — | |
| satisfied | West Register (Investments) West Register (Investments) Limited | Fee agreement second charge | 1 property | 18/01/2010 | 29/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 28/02/2008 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 11/10/2007 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 05/09/2007 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 15/06/2007 | 17/05/2012 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 10/05/2007 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 27/04/2007 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 27/04/2007 | 17/05/2012 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 20/04/2007 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 13/04/2007 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 23/03/2007 | 17/05/2012 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 16/02/2007 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 22/12/2006 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 14/08/2006 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 04/11/2005 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 07/09/2005 | 25/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 10/08/2005 | 04/08/2016 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 29/07/2005 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 29/07/2005 | 05/01/2016 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge over licensed premises | 1 property | 22/07/2005 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 17/01/2005 | 17/05/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 01/11/2004 | 06/01/2011 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge of licensed premises | 1 property | 09/08/2004 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 15/06/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (140 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-06-18
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2019-03-09
gazette-notice-voluntary
gazette · GAZ1(A)
2019-02-26
dissolution-application-strike-off-company
dissolution · DS01
2019-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2018-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-01-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2016-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2016-08-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-07-01
gazette-filings-brought-up-to-date
gazette · DISS40
2016-04-02
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-01
gazette-notice-compulsory
gazette · GAZ1
2016-03-15
mortgage-satisfy-charge-full
mortgage · MR04
2016-01-05
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-20