GRINDON HOUSE INVESTMENTS LTD.

💤Zombieactive
05374468 · ltd · incorporated 2005-02-24
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£969.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 76). 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).

🏦

Refinance opportunity

2 live charges · oldest 13.0y

45/100
under pressure

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

  • · Oldest live charge is 13.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £969,906
Cash YoY
+41%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£324k
↑ 41% YoY
Net Worth
£970k
↑ 5.6% YoY
Current Assets
£306k
↑ 45% YoY
Current Liabilities
£0£194k£388k£582k£776k£970kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28
Total assets£969.9k£918.4k
Current assets£305.7k£211.5k
Cash£323.7k£229.5k
Net assets£969.9k£918.4k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-06-10
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-05-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-05-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-05-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-06-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2023-05-16
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-11-27
    MCKENZIE, Helen Nina Denny resigned
    secretary
  15. 2020-11-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2020-11-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2020-11-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2020-11-27
    🔓
    Charge satisfied #2
  19. 2020-11-27
    🔓
    Charge satisfied #1
  20. 2019-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2013-07-02
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  22. 2013-06-26
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  23. 2011-11-09
    GORDON, Neil George resigned
    director
  24. 2008-04-07
    GORDON, Neil George appointed
    director
  25. 2005-03-26
    MCKENZIE, Helen Nina Denny appointed
    secretary
  26. 2005-03-06
    MCKENZIE, George Thomas appointed
    director
  27. 2005-02-24
    🏢
    Company incorporated
    As GRINDON HOUSE INVESTMENTS LTD.
  28. 2005-02-24
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-secretary
  29. 2005-02-24
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-secretary
  30. 2005-02-24
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-director
  31. 2005-02-24
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-director
  32. 2005-02-24
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-director
  33. 2005-02-24
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr George Thomas Mckenzie
Individual · British · DOB 04/1950 · age 76
75100%
75–100%75-100% shares · 75-100% voting22/01/2017

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
Incorporated2005-02-24
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

West Grindon House
Norham
Berwick Upon Tweed
Northumberland
TD15 2NN

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-10
Last: 2026-02-24

Officers (1 active · 5 resigned)

MCKENZIE, George Thomas
director · ~76y · appointed 2005-03-06
View their other companies + combined net worth →
Active
MCKENZIE, Helen Nina Denny
secretary · appointed 2005-03-26 · resigned 2020-11-27
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.
corporate-secretary · appointed 2005-02-24 · resigned 2005-02-24
Resigned
GORDON, Neil George
director · ~60y · appointed 2008-04-07 · resigned 2011-11-09
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.
corporate-director · appointed 2005-02-24 · resigned 2005-02-24
Resigned
PETER TRAINER CORPORATE SERVICES LTD.
corporate-director · appointed 2005-02-24 · resigned 2005-02-24
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property02/07/201327/11/2020
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property26/06/201327/11/2020

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-11
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-21
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-06-10
gazette-notice-compulsory
gazette · GAZ1
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
gazette-notice-compulsory
gazette · GAZ1
2024-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
gazette-filings-brought-up-to-date
gazette · DISS40
2023-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-02
gazette-notice-compulsory
gazette · GAZ1
2023-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23