SHENNON LIMITED
Opportunity 53/100 (worth a look), bankability 42/100. Strong seller-intent signal (78/100, director aged 69). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
Refinance opportunity
3 live charges · 3 lenders · oldest 25.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 25.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (55 events)Click to expand
- 2010-05-24⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2010-05-24🏁Company dissolved
- 2010-02-24⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2010-02-24⚠️liquidation-voluntary-creditors-return-of-final-meetinginsolvency · 4.72
- 2009-12-02⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2009-10-05📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2009-06-08⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2008-11-28⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · 4.68
- 2007-11-28⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2007-11-16⚠️liquidation-in-administration-move-to-creditors-voluntary-liquidationinsolvency · 2.34B
- 2007-07-16⚠️liquidation-in-administration-progress-reportinsolvency · 2.24B
- 2007-07-16⚠️liquidation-in-administration-extension-of-periodinsolvency · 2.31B
- 2006-12-14⚠️liquidation-in-administration-progress-reportinsolvency · 2.24B
- 2006-07-20⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2006-07-19⚠️liquidation-in-administration-proposalsinsolvency · 2.17B
- 2006-06-01📍legacyaddress · 287
- 2006-06-01📄legacyofficers · 288b
- 2006-06-01📄legacyofficers · 288b
- 2006-06-01📄legacyofficers · 288b
- 2006-05-31⚠️liquidation-in-administration-appointment-of-administratorinsolvency · 2.12B
- 2006-05-19✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2006-05-16➖KINGSBURY, Nicholas John resigneddirector
- 2006-05-16➖NORDBERG, Peter resigneddirector
- 2006-05-16➖RICHARDS, Jonathan Mark resigneddirector
- 2006-02-01📄legacycapital · 123
- 2006-02-01📄resolutionresolution · RESOLUTIONS
- 2006-02-01📄resolutionresolution · RESOLUTIONS
- 2006-02-01📄resolutionresolution · RESOLUTIONS
- 2006-02-01📄resolutionresolution · RESOLUTIONS
- 2005-11-01➕NORDBERG, Peter appointeddirector
- 2005-07-20➖PIMLOTT, Graham Fenwick resigneddirector
- 2005-07-05➕KINGSBURY, Nicholas John appointeddirector
- 2004-05-04🔒Charge registered #3Lender: European Financial Services Venture Fund (General Partner) Limited (the Investor)
- 2004-05-04🔒Charge registered #2Lender: 3I Group PLC
- 2003-12-15➖MCCGWIRE, Patrick Conor resigneddirector
- 2003-10-21➕RICHARDS, Jonathan Mark appointeddirector
- 2003-09-18➕CREWE, Robin John appointedsecretary
- 2003-09-18➖FLAXMAN, Gavin Charles resignedsecretary
- 2003-09-18➖TOWNSEND, Nick resigneddirector
- 2003-06-30➖HEYGATE, Richard John Gage, Sir resigneddirector
- 2001-03-01🔒Charge registered #1Lender: Patrick Group Limited
- 2000-11-23➕HEYGATE, Richard John Gage, Sir appointeddirector
- 2000-10-26➕FLAXMAN, Gavin Charles appointedsecretary
- 2000-10-26➖PESKIN, Steven Mark resignedsecretary
- 2000-08-04➕MCCGWIRE, Patrick Conor appointeddirector
- 2000-08-04➕PIMLOTT, Graham Fenwick appointeddirector
- 2000-08-04➕TOWNSEND, Nick appointeddirector
- 2000-08-02➕CREWE, Robin John appointeddirector
- 2000-08-02➕PESKIN, Steven Mark appointeddirector
- 2000-08-02➕PESKIN, Steven Mark appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-05-24
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2010-05-24: gazette-dissolved-liquidation; 2010-02-24: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | European Financial Services Venture Fund (General Partner) (the Investor) European Financial Services Venture Fund (General Partner) Limited (the Investor) | Debenture | 1 property | 04/05/2004 | — | |
| outstanding | 3I Group 3I Group PLC | Debenture | 1 property | 04/05/2004 | — | |
| outstanding | Patrick Group Patrick Group Limited | Rent deposit deed | 1 property | 01/03/2001 | — |