51 PEGASUS LIMITED

💤Zombieactive
03698700 · ltd · incorporated 1999-01-21
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 Sept 2024
Net worth
£-7.55M
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 67/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

10 live charges · 8 lenders · oldest 18.4y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.4 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 102
Negative net assets
Liabilities exceed assets by £7,548,726

Key financials

1 year extracted from filed iXBRL accounts
Cash
£167k
Net Worth
-£7.5m
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30
Cash£167.1k
Net assets£-7.55M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-08-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-08-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-08-12
    🔓
    Charge satisfied #9
  6. 2024-08-12
    🔓
    Charge satisfied #8
  7. 2024-08-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-08-06
    🔒
    Charge registered #10
    Lender: Beaufort Iii Senior Debt S.A.R.L.
  9. 2024-07-01
    ➖
    DRAKE, Alan William John resigned
    director
  10. 2024-07-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-04-09
    📄
    memorandum-articles
    incorporation · MA
  12. 2024-04-09
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2024-04-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2024-04-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2024-04-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-10-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-10-27
    🔒
    Charge registered #9
    Lender: Iken Loan Servicing LTD
  18. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2023-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-05-10
    📄
    memorandum-articles
    incorporation · MA
  22. 2021-05-10
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2021-04-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2021-04-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2021-04-29
    🔓
    Charge satisfied #7
  26. 2021-04-29
    🔓
    Charge satisfied #6
  27. 2021-04-09
    🔒
    Charge registered #8
    Lender: Iken Loan Servicing LTD
  28. 2020-02-13
    🔒
    Charge registered #7
    Lender: Sas Financing Limited
  29. 2019-01-10
    🔓
    Charge satisfied #5
  30. 2019-01-09
    🔒
    Charge registered #6
    Lender: Sas Financing Limited
  31. 2017-06-14
    🔓
    Charge satisfied #4
  32. 2017-06-14
    🔓
    Charge satisfied #2
  33. 2017-06-14
    🔓
    Charge satisfied #1
  34. 2017-06-09
    🔒
    Charge registered #5
    Lender: Dragonfly Finance S.À R.L.
  35. 2015-06-13
    🔓
    Charge satisfied #3
  36. 2015-05-28
    🔒
    Charge registered #4
    Lender: Kieran Griffin
  37. 2014-12-02
    🔒
    Charge registered #3
    Lender: Dixie Stafford
  38. 2012-04-20
    🔒
    Charge registered #2
    Lender: Nicola Bond and Thomas Heddon Bond
  39. 2007-12-31
    🔒
    Charge registered #1
    Lender: Mr Alan William John Drake
  40. 2006-12-13
    ➕
    BOND, Nicola appointed
    director
  41. 2002-01-31
    ➖
    TRULOCK, David Howard resigned
    director
  42. 1999-05-10
    ➕
    PURR, Stephen Donald appointed
    secretary
  43. 1999-05-10
    ➖
    CK CORPORATE SERVICES LIMITED resigned
    corporate-secretary
  44. 1999-05-07
    ➕
    DRAKE, Alan William John appointed
    director
  45. 1999-05-07
    ➖
    STRANGWAYES BOOTH, Dermot Robert resigned
    director
  46. 1999-05-07
    ➕
    TRULOCK, David Howard appointed
    director
  47. 1999-01-21
    🏢
    Company incorporated
    As 51 PEGASUS LIMITED
  48. 1999-01-21
    ➕
    CK CORPORATE SERVICES LIMITED appointed
    corporate-secretary
  49. 1999-01-21
    ➕
    STRANGWAYES BOOTH, Dermot Robert appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 27 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 med ·
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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Nicola Bond
Individual · British · DOB 08/1967 · age 59
50–75%
—50-75% shares28/03/2024
Mr Mitchell William Mcgowan Drake
Individual · British · DOB 10/1990 · age 36
25–50%
—25-50% shares28/03/2024
4 historic (ceased) PSCs
  • Mr Alan William John Drakeceased 26/03/2021· 50-75% shares
  • Mr Alan William John Drakeceased 28/03/2024· 50-75% shares
  • Mrs Nicola Bondceased 26/03/2021· 25-50% shares
  • Mr Mitchell William Mcgowan Drakeceased 26/03/2021· 25-50% shares

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

7 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
Incorporated1999-01-21
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

9 Sauncey Avenue
Harpenden
Hertfordshire
AL5 4QQ

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-04-16
Last: 2026-04-02

Officers (2 active · 4 resigned)

PURR, Stephen Donald→
secretary · appointed 1999-05-10
View their other companies + combined net worth →
Active
BOND, Nicola→
director · ~59y · appointed 2006-12-13
View their other companies + combined net worth →
Active
CK CORPORATE SERVICES LIMITED→
corporate-secretary · appointed 1999-01-21 · resigned 1999-05-10
Resigned
DRAKE, Alan William John→
director · ~89y · appointed 1999-05-07 · resigned 2024-07-01
Resigned
STRANGWAYES BOOTH, Dermot Robert→
director · ~89y · appointed 1999-01-21 · resigned 1999-05-07
Resigned
TRULOCK, David Howard→
director · ~79y · appointed 1999-05-07 · resigned 2002-01-31
Resigned

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

Mortgages & charges

10
Total charges
1
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Beaufort Iii Senior Debt S.A.R.L.
A registered charge1 property06/08/2024—
satisfied
Iken Loan Servicing
Iken Loan Servicing LTD
A registered charge1 property27/10/202312/08/2024
satisfied
Iken Loan Servicing
Iken Loan Servicing LTD
A registered charge1 property09/04/202112/08/2024
satisfied
Sas Financing
Sas Financing Limited
A registered charge—13/02/202029/04/2021
satisfied
Sas Financing
Sas Financing Limited
A registered charge1 property09/01/201929/04/2021
satisfied
Dragonfly Finance S.À R.L.
A registered charge1 property09/06/201710/01/2019
satisfied
Kieran Griffin
A registered charge1 property28/05/201514/06/2017
satisfied
Dixie Stafford
A registered charge1 property02/12/201413/06/2015
satisfied
Nicola Bond and Thomas Heddon Bond
Charge1 property20/04/201214/06/2017
satisfied
Mr Alan William John Drake
Legal charge1 property31/12/200714/06/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-12
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-08
termination-director-company-with-name-termination-date
officers · TM01
2024-07-01
memorandum-articles
incorporation · MA
2024-04-09
resolution
resolution · RESOLUTIONS
2024-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-06