LOCKWOOD PATERSON LIMITED

💤Zombieactive
05737896 · ltd · incorporated 2006-03-10
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
—
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Turnover
—
year to Apr 2025
Net worth
£-114.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Joinery installation
Sector: Construction
ALSO REGISTERED FOR
  • 47599Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). 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

1 live charge · oldest 13.7y

45/100
under pressure

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

  • · Oldest live charge is 13.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £114,044

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£114k
↓ 1.8% YoY
Current Assets
—
Current Liabilities
—
-£114k-£91k-£67k-£44k-£21k£3kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£-112.8k£-106.2k
Current assets—£2.5k
Net assets£-114.0k£-112.0k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-11-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-01-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2019-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2019-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-01-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2018-08-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2018-01-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2012-09-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2010-07-31
    ➖
    LOCKWOOD, Tracy resigned
    secretary
  19. 2010-07-31
    ➖
    PATERSON, Allan Robert resigned
    director
  20. 2006-03-10
    🏢
    Company incorporated
    As LOCKWOOD PATERSON LIMITED
  21. 2006-03-10
    ➕
    LOCKWOOD, Tracy appointed
    director
  22. 2006-03-10
    ➕
    LOCKWOOD, Tracy appointed
    secretary
  23. 2006-03-10
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  24. 2006-03-10
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  25. 2006-03-10
    ➕
    PATERSON, Allan Robert appointed
    director
  26. 2006-03-10
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  27. 2006-03-10
    ➖
    COMPANY DIRECTORS 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.
  • +Founder name in company name: Company name contains director surname "LOCKWOOD" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
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 62. 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 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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
Mrs. Tracy Lockwood
Individual · British · DOB 12/1964 · age 62
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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08670894 · est 2013 · no financials extracted
————12y——
MELIOR HOMES LTD.→
13384854 · est 2021 · no financials extracted
————4y——
MELROSE COURT PROPERTIES LTD→
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2006-03-10
Jurisdictionengland-wales
Primary SIC43320 — Joinery installation

Registered office

Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (1 active · 4 resigned)

LOCKWOOD, Tracy→
director · ~62y · appointed 2006-03-10
View their other companies + combined net worth →
Active
LOCKWOOD, Tracy→
secretary · appointed 2006-03-10 · resigned 2010-07-31
Resigned
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2006-03-10 · resigned 2006-03-10
Resigned
PATERSON, Allan Robert→
director · ~63y · appointed 2006-03-10 · resigned 2010-07-31
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2006-03-10 · resigned 2006-03-10
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property26/09/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
change-person-director-company-with-change-date
officers · CH01
2023-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-10