PEARL GROUP HOLDINGS (NO. 2) LIMITED
🌳Matureactive
05282342 · ltd · incorporated 2004-11-10
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Activities of financial services holding companies
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
14 live charges · 6 lenders · oldest 18.6y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (60/100)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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
36 officers (3 active, 36 linked, 33 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
230 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
4
filings
- • 4 officers
Last 180 days
4
filings
- • 4 officers
Counts from Companies House filing history.
Corporate timeline (118 events)Click to expand
- 2026-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-04-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-31➕BREINGAN, Ian appointeddirector
- 2026-03-31➕BURRAGE-JONES, Wesley Graeme appointeddirector
- 2026-03-31➖CAIRNS, Arlene resigneddirector
- 2026-03-31➖SWIFT, William Edward resigneddirector
- 2026-03-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-11-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-10📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2025-10-02📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-04➕CAIRNS, Arlene appointeddirector
- 2024-07-04➖JONES, Katherine Louise resigneddirector
- 2023-10-12📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-01➕JONES, Katherine Louise appointeddirector
- 2022-11-01➖THAKRAR, Rakesh Kishore resigneddirector
- 2022-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2022-05-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-30➖PEROWNE, Samuel James resigneddirector
- 2022-03-10📄statement-of-companys-objectschange-of-constitution · CC04
- 2022-03-10📄memorandum-articlesincorporation · MA
- 2022-03-10📄resolutionresolution · RESOLUTIONS
- 2021-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2020-11-26🔓Charge satisfied #13
- 2020-11-26🔓Charge satisfied #12
- 2020-08-28➕PEROWNE, Samuel James appointeddirector
- 2020-08-28➕SWIFT, William Edward appointeddirector
- 2020-07-23➖TRUE, Simon Charles resigneddirector
- 2020-05-15➖MCCONVILLE, James resigneddirector
- 2019-02-27➕PEARL GROUP SECRETARIAT SERVICES LIMITED appointedcorporate-secretary
- 2019-02-27➖WATSON, Gerald Alistair resignedsecretary
- 2018-08-29➕TRUE, Simon Charles appointeddirector
- 2018-03-31➖CLUTTERBUCK, Fiona Jane resigneddirector
- 2014-10-10🔓Charge satisfied #2
- 2014-09-30🔓Charge satisfied #14
- 2013-02-22🔒Charge registered #14Lender: Commerzbank Aktiengesellschaft, Filiale Luxemburg (In Its Capacity as Security Trustee for the Secured Parties)
- 2013-02-20➕THAKRAR, Rakesh Kishore appointeddirector
- 2013-01-31➖RICHARDSON, David Louis resigneddirector
- 2013-01-07➕MCCONVILLE, James appointeddirector
- 2012-12-19➖MILES, Paul Lewis resigneddirector
- 2012-11-27🔒Charge registered #13Lender: P.A.T. (Pensions) Limited
- 2012-02-06➕CLUTTERBUCK, Fiona Jane appointeddirector
- 2011-12-21➖YATES, Jonathan James resigneddirector
- 2011-12-12➕RICHARDSON, David Louis appointeddirector
Showing most recent 50 of 118 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CAIRNS, Arlene resigned 2026-03-31; SWIFT, William Edward resigned 2026-03-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Phoenix Life Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Phoenix Life Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
PEARL GROUP HOLDINGS (NO. 2) LIMITED
This company · 05282342
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Phoenix Life Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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
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|---|---|---|---|---|---|---|---|
| 1 - 3 BARBICAN ROAD RTM COMPANY LIMITED→ 11046395 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 10 WAKE GREEN RTM COMPANY LIMITED→ 05126273 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| 10-16 METCHLEY RISE RTM COMPANY LIMITED→ 15158465 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 118 GROUP INVESTMENTS LTD.→ 10495899 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 1326 BRS RTM COMPANY LIMITED→ 15915306 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 149 DYNAMICS LTD→ 16727891 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 15 BELSIZE PARK GARDENS LIMITED→ 03203596 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| 18-24 LORDS LANE (STUDLEY) LIMITED→ 04148137 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| 1ST CLASS FINANCIAL SERVICES LIMITED→ 17058872 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 2 - 18 WALMEAD CROFT RTM COMPANY LIMITED→ 13408523 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 MAN DISPATCH HOLDINGS LIMITED→ 13538784 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 2 SPOONS LIMITED→ 04456639 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2004-11-10
Jurisdictionengland-wales
Primary SIC64205 — Activities of financial services holding companies
Registered office
10 Brindleyplace
Birmingham
B1 2JB
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01
Officers (3 active · 33 resigned)
PEARL GROUP SECRETARIAT SERVICES LIMITED→
Activecorporate-secretary · appointed 2019-02-27
View their other companies + combined net worth →
BREINGAN, Ian→
Activedirector · ~43y · appointed 2026-03-31
View their other companies + combined net worth →
BURRAGE-JONES, Wesley Graeme→
Activedirector · ~44y · appointed 2026-03-31
View their other companies + combined net worth →
WATSON, Gerald Alistair→
Resignedsecretary · appointed 2005-04-13 · resigned 2019-02-27
CLIFFORD CHANCE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-11-10 · resigned 2005-04-13
BARNES, David Kenneth→
Resigneddirector · ~72y · appointed 2009-09-02 · resigned 2011-01-01
CAIRNS, Arlene→
Resigneddirector · ~48y · appointed 2024-07-04 · resigned 2026-03-31
CLUTTERBUCK, Fiona Jane→
Resigneddirector · ~68y · appointed 2012-02-06 · resigned 2018-03-31
CORMACK, Ian Donald→
Resigneddirector · ~79y · appointed 2005-04-28 · resigned 2011-01-01
CROSS BROWN, Tom→
Resigneddirector · ~79y · appointed 2005-04-28 · resigned 2011-01-01
CUSINS, John Robert→
Resigneddirector · ~54y · appointed 2005-09-06 · resigned 2009-09-02
DALE, Manjit→
Resigneddirector · ~61y · appointed 2004-12-03 · resigned 2009-09-02
DAVIDSON, Anthony Beverley→
Resigneddirector · ~79y · appointed 2009-09-02 · resigned 2011-01-01
EVANS, Jonathan Peter→
Resigneddirector · ~76y · appointed 2005-04-28 · resigned 2011-01-01
FERGUSON, Duncan George Robin→
Resigneddirector · ~84y · appointed 2009-09-02 · resigned 2009-09-25
GUPTA, Ashok Kumar→
Resigneddirector · ~72y · appointed 2005-04-13 · resigned 2009-09-02
HAWKES, Edward Jonathan Cameron→
Resigneddirector · ~49y · appointed 2009-09-02 · resigned 2011-01-01
JONES, Katherine Louise→
Resigneddirector · ~45y · appointed 2022-11-01 · resigned 2024-07-04
LEVY, Adrian Joseph Morris→
Resigneddirector · ~56y · appointed 2004-11-10 · resigned 2004-12-03
MCCONVILLE, James→
Resigneddirector · ~70y · appointed 2013-01-07 · resigned 2020-05-15
Click a director name to see their full track record across all companies.
Mortgages & charges
14
Total charges
0
Outstanding
0
Active lenders
Status:Lender:14 of 14 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Commerzbank Aktiengesellschaft, Filiale Luxemburg (In Its Capacity as Security Trustee for the Secured Parties) | Share charge | 1 property | 22/02/2013 | 30/09/2014 | |
| satisfied | P.A.T. (Pensions) P.A.T. (Pensions) Limited | Deed of amendement | 1 property | 27/11/2012 | 26/11/2020 | |
| satisfied | P.A.T. (Pensions) (the Trustee) P.A.T. (Pensions) Limited (the Trustee) | Share charge | 1 property | 02/09/2009 | 26/11/2020 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed | 1 property | 10/03/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed | 1 property | 10/03/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed | 1 property | 10/03/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed | 1 property | 04/01/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | Credit support deed | 1 property | 04/01/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed | 1 property | 04/01/2008 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | Credit support deed | 1 property | 12/11/2007 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | Credit support deed | 1 property | 12/11/2007 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag | A 1995 credit support deed (bilateral form - security interest) | 1 property | 30/10/2007 | 14/03/2009 | |
| satisfied | Dresdner Bank Ag Niederlassung Luxemburg as Security Trustee for the Benefit of the Securedparties (The Security Trustee) | Share charge | 1 property | 18/10/2007 | 10/10/2014 | |
| satisfied | Dresdner Bank Ag, as Security Trustee for the Benefit of the Finance Parties (Security Trustee) | Share charge | 1 property | 10/10/2007 | 08/11/2007 |
Recent filings (230 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-09
appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
appoint-person-director-company-with-name-date
officers · AP01
2026-04-01
termination-director-company-with-name-termination-date
officers · TM01
2026-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-10
change-corporate-secretary-company-with-change-date
officers · CH04
2025-11-10
accounts-with-accounts-type-full
accounts · AA
2025-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-22
accounts-with-accounts-type-full
accounts · AA
2024-10-07
appoint-person-director-company-with-name-date
officers · AP01
2024-07-10
termination-director-company-with-name-termination-date
officers · TM01
2024-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
accounts-with-accounts-type-full
accounts · AA
2023-10-12