PENAR LIMITED

💤Zombieactive
03972012 · ltd · incorporated 2000-04-13
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
£-36.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £36,602

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£37k
↑ 10% YoY
Current Assets
£40k
↑ 21% YoY
Current Liabilities
—
-£41k-£25k-£9k£8k£24k£40kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-35.9k£-39.4k
Current assets£40.0k£33.1k
Net assets£-36.6k£-40.8k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-08-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2022-08-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-08-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-08-23
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  8. 2022-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-06-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-07-17
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  14. 2017-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-07-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-06-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-04-01
    ➖
    INDEPENDENT BUSINESS ACCOUNTANTS LIMITED resigned
    corporate-secretary
  18. 2007-02-03
    ➕
    SOUCH, Steven appointed
    secretary
  19. 2005-07-07
    ➖
    O'DONOVAN, Sean Roderick resigned
    secretary
  20. 2005-07-07
    ➕
    INDEPENDENT BUSINESS ACCOUNTANTS LIMITED appointed
    corporate-secretary
  21. 2000-04-18
    ➕
    SOUCH, Juliet Elizabeth appointed
    director
  22. 2000-04-18
    ➕
    O'DONOVAN, Sean Roderick appointed
    secretary
  23. 2000-04-18
    ➖
    IMC COMPANY SECRETARIAL SERVICES (UK) LIMITED resigned
    corporate-secretary
  24. 2000-04-18
    ➖
    IMC CORPORATE NOMINEES (UK) LIMITED resigned
    corporate-director
  25. 2000-04-13
    🏢
    Company incorporated
    As PENAR LIMITED
  26. 2000-04-13
    ➕
    IMC COMPANY SECRETARIAL SERVICES (UK) LIMITED appointed
    corporate-secretary
  27. 2000-04-13
    ➕
    IMC CORPORATE NOMINEES (UK) LIMITED appointed
    corporate-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 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

80/100
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 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-05-25

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven Souch
Individual · British · DOB 01/1958 · age 68
25–50%
25–50%board control25-50% shares · 25-50% voting · board control24/08/2022
Mrs Juliet Elizabeth Souch
Individual · British · DOB 07/1965 · age 61
25–50%
25–50%board control25-50% shares · 25-50% voting · board control23/08/2022

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

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
Incorporated2000-04-13
Jurisdictionengland-wales
Primary SIC90030 — Artistic creation

Registered office

19 Eton Close
Witney
Oxfordshire
OX28 3GA

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-25OVERDUE
Last: 2025-05-11

Officers (2 active · 4 resigned)

SOUCH, Steven→
secretary · appointed 2007-02-03
View their other companies + combined net worth →
Active
SOUCH, Juliet Elizabeth→
director · ~61y · appointed 2000-04-18
View their other companies + combined net worth →
Active
O'DONOVAN, Sean Roderick→
secretary · appointed 2000-04-18 · resigned 2005-07-07
Resigned
IMC COMPANY SECRETARIAL SERVICES (UK) LIMITED→
corporate-secretary · appointed 2000-04-13 · resigned 2000-04-18
Resigned
INDEPENDENT BUSINESS ACCOUNTANTS LIMITED→
corporate-secretary · appointed 2005-07-07 · resigned 2009-04-01
Resigned
IMC CORPORATE NOMINEES (UK) LIMITED→
corporate-director · appointed 2000-04-13 · resigned 2000-04-18
Resigned

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

Recent filings (70 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-23
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-04