PENNING POWER & WATER LIMITED

💤Zombieactive
04163109 · ltd · incorporated 2001-02-19
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 Mar 2025
Net worth
£672.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 11070
Sector: Manufacturing
ALSO REGISTERED FOR
  • 35110SIC 35110
  • 37000SIC 37000
Investor take
Pursue
Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
7 officers (2 active, 7 linked, 2 with DOB)
76
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £672,268
Net assets shrinking
Down £147,537 YoY
Cash YoY
+44%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
↑ 44% YoY
Net Worth
£672k
↓ 18% YoY
Current Assets
£358k
↑ 50% YoY
Current Liabilities
—
£0£164k£328k£492k£656k£820kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£2.55M£819.8k
Current assets£357.9k£239.4k
Cash£11.1k£7.7k
Debtors£312.5k£216.4k
Net assets£672.3k£819.8k

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
4
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-02-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-07-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-26
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2018-01-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2018-01-10
    ➕
    FOWLER, Simon Neil appointed
    secretary
  16. 2018-01-10
    ➖
    MARGADALE OF ISLAY, Amanda Lorraine, Lady resigned
    secretary
  17. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2001-03-28
    ➕
    MARGADALE OF ISLAY, Alastair John, Lord appointed
    director
  19. 2001-03-28
    ➖
    CRAIG MCFEELY, Charles James resigned
    secretary
  20. 2001-03-28
    ➕
    MARGADALE OF ISLAY, Amanda Lorraine, Lady appointed
    secretary
  21. 2001-03-28
    ➖
    FOWLER, Simon Neil resigned
    director
  22. 2001-02-19
    🏢
    Company incorporated
    As PENNING POWER & WATER LIMITED
  23. 2001-02-19
    ➕
    CRAIG MCFEELY, Charles James appointed
    secretary
  24. 2001-02-19
    ➕
    SECRETARIAL APPOINTMENTS LIMITED appointed
    corporate-nominee-secretary
  25. 2001-02-19
    ➖
    SECRETARIAL APPOINTMENTS LIMITED resigned
    corporate-nominee-secretary
  26. 2001-02-19
    ➕
    FOWLER, Simon Neil appointed
    director
  27. 2001-02-19
    ➕
    CORPORATE APPOINTMENTS LIMITED appointed
    corporate-nominee-director
  28. 2001-02-19
    ➖
    CORPORATE APPOINTMENTS LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. 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 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Lord Alastair John Margadale Of Islay
Individual · British · DOB 04/1958 · age 68
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Hon Declan James Morrison
Individual · British · DOB 07/1993 · age 33
25–50%
25–50%25-50% shares · 25-50% voting30/06/2022

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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J.CHANDLER & COMPANY(BUCKFAST),LIMITED→
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16872242 · est 2025 · no financials extracted
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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
Incorporated2001-02-19
Jurisdictionengland-wales
Primary SIC11070 — SIC 11070

Registered office

The Estate Office
Fonthill Bishop
Salisbury
Wiltshire
SP3 5SH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (2 active · 5 resigned)

FOWLER, Simon Neil→
secretary · appointed 2018-01-10
View their other companies + combined net worth →
Active
MARGADALE OF ISLAY, Alastair John, Lord→
director · ~68y · appointed 2001-03-28
View their other companies + combined net worth →
Active
CRAIG MCFEELY, Charles James→
secretary · appointed 2001-02-19 · resigned 2001-03-28
Resigned
MARGADALE OF ISLAY, Amanda Lorraine, Lady→
secretary · appointed 2001-03-28 · resigned 2018-01-10
Resigned
SECRETARIAL APPOINTMENTS LIMITED→
corporate-nominee-secretary · appointed 2001-02-19 · resigned 2001-02-19
Resigned
FOWLER, Simon Neil→
director · ~59y · appointed 2001-02-19 · resigned 2001-03-28
Resigned
CORPORATE APPOINTMENTS LIMITED→
corporate-nominee-director · appointed 2001-02-19 · resigned 2001-02-19
Resigned

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

Recent filings (81 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-26
change-person-director-company-with-change-date
officers · CH01
2026-02-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03