PEARL BIDCO LIMITED

⚰️Wound downdissolved

06475333 · ltd · incorporated 2008-01-16

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

42/100

Watch

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 42/100 (watch), bankability 52/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (30/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 18.3y

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 18.3 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 50/100 (high).

Data confidence

Overall: medium (61/100)

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

23 officers (3 active, 23 linked, 18 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

20 connected companies via shared directors

Filing history

165 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

42/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (79 events)Click to expand

2025-06-12
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2025-06-12
🏁
Company dissolved
2025-03-12
⚠️
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2025-01-31
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-16
➖
RIALL, Tom resigned
director
2024-08-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-17
📍
move-registers-to-sail-company-with-new-address
address · AD03
2024-06-17
📍
change-sail-address-company-with-new-address
address · AD02
2024-05-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-21
⚠️
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-05-21
📄
resolution
resolution · RESOLUTIONS
2024-05-21
⚠️
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2024-05-01
📄
capital-allotment-shares
capital · SH01
2024-04-29
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-04-29
📄
resolution
resolution · RESOLUTIONS
2024-04-29
📄
legacy
capital · SH20
2024-04-29
⚠️
legacy
insolvency · CAP-SS
2023-12-22
📄
legacy
accounts · PARENT_ACC
2023-12-22
📄
legacy
other · GUARANTEE2
2023-12-22
📄
legacy
other · AGREEMENT2
2023-01-07
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2022-12-21
📄
legacy
accounts · PARENT_ACC
2022-12-21
📄
legacy
other · GUARANTEE2
2022-12-21
📄
legacy
other · AGREEMENT2
2020-11-27
➕
PANDYA, Nilesh Kundanlal appointed
director
2020-01-31
➕
ROSEBY, Stephen appointed
secretary
2020-01-31
➖
CARROLL, Leo Damian resigned
secretary
2019-04-05
➕
STORAH, Richard appointed
director
2019-04-05
➖
SHAFI KHAN, Mohammed Omar resigned
director
2017-10-16
➕
SHAFI KHAN, Mohammed Omar appointed
director
2017-07-31
➕
CARROLL, Leo Damian appointed
secretary
2017-07-31
➖
ROBSON, William Henry Mark resigned
secretary
2017-07-31
➖
ROBSON, William Henry Mark resigned
director
2017-07-31
➖
WILLIAMS, Stephen Robert resigned
director
2017-05-08
➕
RIALL, Tom appointed
director
2017-03-31
➖
SCICLUNA, Terence Joseph resigned
director
2016-08-19
🔓
Charge satisfied #6
2014-10-31
➖
MCDONALD, Elizabeth resigned
secretary
2014-10-31
➕
ROBSON, William Henry Mark appointed
secretary
2014-01-30
➕
SCICLUNA, Terence Joseph appointed
director
2013-12-27
➖
MORGAN, Fiona Jacqueline resigned
director
2013-11-30
➖
SMITH, Richard Charles resigned
director
2013-05-30
🔒
Charge registered #6
Lender: U.S.Bank Trustees Limited (The "Security Agent")
2013-05-30
🔓
Charge satisfied #5
2012-11-08
➕
MCDONALD, Elizabeth appointed
secretary
2012-02-29
➕
MORGAN, Fiona Jacqueline appointed
director
2012-02-29
➕
ROBSON, William Henry Mark appointed
director
2012-01-31
➖
HUDALY, David Nathan resigned
director
2011-12-31
➖
WALKER, Lindsey resigned
director
2011-11-30
➖
MORRIS, Andrew resigned
director

Showing most recent 50 of 79 events

Owner dependency

58/100

Moderate — manageable with handover

Some 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

46/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med · 1 low

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2025-06-12

5 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-06-12: gazette-dissolved-liquidation; 2025-03-12: liquidation-voluntary-members-return-of-final-meeting

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Turnstone Equityco 1 Limited

Corporate parent · board control

🏛️

Pearl Topco Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

PEARL BIDCO LIMITED

This company · 06475333

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Pearl Topco Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016
Turnstone Equityco 1 Limited Corporate entity	—	—	board controlboard 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

Active · Holding company · M postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
210E3 LTD→ 13778851 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
212 ASHMORE ROAD LTD→ 12180172 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
23 - 33 SPRINGBANK GARDENS MANAGEMENT COMPANY LIMITED→ 16517246 · est 2025 · no financials extracted	—	—	—	—	—	—	—
23 CENTRAL ROAD (FREEHOLD) LIMITED→ 16450058 · est 2025 · no financials extracted	—	—	—	—	—	—	—
23 EGERTON ROAD NORTH MANAGEMENT COMPANY LIMITED→ 16767816 · est 2025 · no financials extracted	—	—	—	—	—	—	—
247 GROUP HOLDINGS LIMITED→ 10989560 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
247 MONEY GROUP HOLDINGS LIMITED→ 11273082 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
24C ST JOHN STREET (1995) LIMITED→ 04473532 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
25 DENMAN DRIVE MANAGEMENT COMPANY LIMITED→ 15361937 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
25 LADYBARN ROAD LIMITED→ 12291756 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
258 HATFIELD ROAD MANAGEMENT COMPANY LIMITED→ 14278999 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
287 MANAGEMENT COMPANY LIMITED→ 06243142 · est 2007 · no financials extracted	—	—	—	—	18y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Statusdissolved

Typeltd

Incorporated2008-01-16

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

Landmark St Peter's Square

1 Oxford Street

Manchester

M1 4PB

Filing status

Accounts

Next due: —

Last made up to: 2022-03-31

Confirmation statement

Next due: —

Last: 2024-01-16

Officers (0 active · 20 resigned)

ROSEBY, Stephen→

secretary · appointed 2020-01-31

View their other companies + combined net worth →

Active

PANDYA, Nilesh Kundanlal→

director · ~55y · appointed 2020-11-27

View their other companies + combined net worth →

Active

STORAH, Richard→

director · ~49y · appointed 2019-04-05

View their other companies + combined net worth →

Active

CARROLL, Leo Damian→

secretary · appointed 2017-07-31 · resigned 2020-01-31

Resigned

MCDONALD, Elizabeth→

secretary · appointed 2012-11-08 · resigned 2014-10-31

Resigned

ROBSON, William Henry Mark→

secretary · appointed 2014-10-31 · resigned 2017-07-31

Resigned

CLIFFORD CHANCE SECRETARIES LIMITED→

corporate-secretary · appointed 2008-01-16 · resigned 2008-08-13

Resigned

BELL, Ronald Edward, Mr.→

director · ~70y · appointed 2008-02-05 · resigned 2009-06-12

Resigned

GALVAO, Rodrigo Peixoto→

director · ~53y · appointed 2008-02-05 · resigned 2011-05-11

Resigned

HUDALY, David Nathan→

director · ~69y · appointed 2008-03-17 · resigned 2012-01-31

Resigned

KUMP, Eric John→

director · ~56y · appointed 2008-02-05 · resigned 2008-06-10

Resigned

LEVY, Adrian Joseph Morris→

director · ~56y · appointed 2008-01-16 · resigned 2008-02-05

Resigned

MORGAN, Fiona Jacqueline→

director · ~62y · appointed 2012-02-29 · resigned 2013-12-27

Resigned

MORRIS, Andrew→

director · ~61y · appointed 2008-03-17 · resigned 2011-11-30

Resigned

PUDGE, David John→

director · ~61y · appointed 2008-01-16 · resigned 2008-02-05

Resigned

RIALL, Tom→

director · ~66y · appointed 2017-05-08 · resigned 2024-08-16

Resigned

ROBSON, William Henry Mark→

director · ~63y · appointed 2012-02-29 · resigned 2017-07-31

Resigned

SCICLUNA, Terence Joseph→

director · ~69y · appointed 2014-01-30 · resigned 2017-03-31

Resigned

SHAFI KHAN, Mohammed Omar→

director · ~52y · appointed 2017-10-16 · resigned 2019-04-05

Resigned

SMITH, Richard Charles→

director · ~69y · appointed 2010-07-01 · resigned 2013-11-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
satisfied	U.S.Bank Trustees (The "Security Agent") U.S.Bank Trustees Limited (The "Security Agent")	A registered charge	1 property	30/05/2013	19/08/2016
satisfied	Ing Bank N.V., London Branch	Fixed and floating security document	1 property	11/05/2011	30/05/2013
satisfied	Barclays Barclays Bank PLC as Security Agent for the Benefit of the Secured Parties	Fixed and floating security document	1 property	18/08/2010	13/07/2011
satisfied	Barclays Barclays Bank PLC as Security Agent for the Benefit of the Secured Parties	Fixed and floating security document	1 property	29/02/2008	13/07/2011
satisfied	Barclays Barclays Bank PLC as Security Agent for the Benefit of the Finance Parties	Fixed and floating security document	1 property	08/02/2008	13/07/2011
satisfied	Barclays Barclays Bank PLC as an Issuing Bank	Guarantee facility indemnity and charge document	1 property	08/02/2008	13/07/2011

Recent filings (165 total)

gazette-dissolved-liquidation

gazette · GAZ2

2025-06-12

liquidation-voluntary-members-return-of-final-meeting

insolvency · LIQ13

2025-03-12

change-person-director-company-with-change-date

officers · CH01

2025-01-31

termination-director-company-with-name-termination-date

officers · TM01

2024-08-16

move-registers-to-sail-company-with-new-address

address · AD03

2024-06-17

change-sail-address-company-with-new-address

address · AD02

2024-06-17

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-05-21

liquidation-voluntary-appointment-of-liquidator

insolvency · 600

2024-05-21

resolution

resolution · RESOLUTIONS

2024-05-21

liquidation-voluntary-declaration-of-solvency

insolvency · LIQ01

2024-05-21

capital-allotment-shares

capital · SH01

2024-05-01

capital-statement-capital-company-with-date-currency-figure

capital · SH19

2024-04-29

resolution

resolution · RESOLUTIONS

2024-04-29

legacy

capital · SH20

2024-04-29

legacy

insolvency · CAP-SS

2024-04-29