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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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
—
not disclosed
Net worth
—
book net assets
Opportunity
43/100
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 43/100 (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 18.4y
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 18.4 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
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
23 officers (3 active, 23 linked, 18 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
165 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
43/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (79 events)Click to expand
- 2025-06-12⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-06-12🏁Company dissolved
- 2025-03-12⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2025-01-31📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-16➖RIALL, Tom resigneddirector
- 2024-08-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-17📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2024-06-17📍change-sail-address-company-with-new-addressaddress · AD02
- 2024-05-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-21⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-05-21📄resolutionresolution · RESOLUTIONS
- 2024-05-21⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2024-05-01📄capital-allotment-sharescapital · SH01
- 2024-04-29📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-04-29📄resolutionresolution · RESOLUTIONS
- 2024-04-29📄legacycapital · SH20
- 2024-04-29⚠️legacyinsolvency · CAP-SS
- 2023-12-22📄legacyaccounts · PARENT_ACC
- 2023-12-22📄legacyother · GUARANTEE2
- 2023-12-22📄legacyother · AGREEMENT2
- 2023-01-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-12-21📄legacyaccounts · PARENT_ACC
- 2022-12-21📄legacyother · GUARANTEE2
- 2022-12-21📄legacyother · AGREEMENT2
- 2020-11-27➕PANDYA, Nilesh Kundanlal appointeddirector
- 2020-01-31➕ROSEBY, Stephen appointedsecretary
- 2020-01-31➖CARROLL, Leo Damian resignedsecretary
- 2019-04-05➕STORAH, Richard appointeddirector
- 2019-04-05➖SHAFI KHAN, Mohammed Omar resigneddirector
- 2017-10-16➕SHAFI KHAN, Mohammed Omar appointeddirector
- 2017-07-31➕CARROLL, Leo Damian appointedsecretary
- 2017-07-31➖ROBSON, William Henry Mark resignedsecretary
- 2017-07-31➖ROBSON, William Henry Mark resigneddirector
- 2017-07-31➖WILLIAMS, Stephen Robert resigneddirector
- 2017-05-08➕RIALL, Tom appointeddirector
- 2017-03-31➖SCICLUNA, Terence Joseph resigneddirector
- 2016-08-19🔓Charge satisfied #6
- 2014-10-31➖MCDONALD, Elizabeth resignedsecretary
- 2014-10-31➕ROBSON, William Henry Mark appointedsecretary
- 2014-01-30➕SCICLUNA, Terence Joseph appointeddirector
- 2013-12-27➖MORGAN, Fiona Jacqueline resigneddirector
- 2013-11-30➖SMITH, Richard Charles resigneddirector
- 2013-05-30🔒Charge registered #6Lender: U.S.Bank Trustees Limited (The "Security Agent")
- 2013-05-30🔓Charge satisfied #5
- 2012-11-08➕MCDONALD, Elizabeth appointedsecretary
- 2012-02-29➕MORGAN, Fiona Jacqueline appointeddirector
- 2012-02-29➕ROBSON, William Henry Mark appointeddirector
- 2012-01-31➖HUDALY, David Nathan resigneddirector
- 2011-12-31➖WALKER, Lindsey resigneddirector
- 2011-11-30➖MORRIS, Andrew resigneddirector
Showing most recent 50 of 79 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
46/100
Moderate signalSome 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 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company dissolved
highCompany 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
highFilings 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️
Turnstone Equityco 1 Limited
Corporate parent · board control
🏛️ultimate parent
Pearl Topco Limited
Corporate parent · holds 75-100% shares · board control
⬇
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.
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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)
Active
PANDYA, Nilesh Kundanlal→
Activedirector · ~55y · appointed 2020-11-27
View their other companies + combined net worth →
STORAH, Richard→
Activedirector · ~49y · appointed 2019-04-05
View their other companies + combined net worth →
CARROLL, Leo Damian→
Resignedsecretary · appointed 2017-07-31 · resigned 2020-01-31
MCDONALD, Elizabeth→
Resignedsecretary · appointed 2012-11-08 · resigned 2014-10-31
ROBSON, William Henry Mark→
Resignedsecretary · appointed 2014-10-31 · resigned 2017-07-31
CLIFFORD CHANCE SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2008-01-16 · resigned 2008-08-13
BELL, Ronald Edward, Mr.→
Resigneddirector · ~70y · appointed 2008-02-05 · resigned 2009-06-12
GALVAO, Rodrigo Peixoto→
Resigneddirector · ~53y · appointed 2008-02-05 · resigned 2011-05-11
HUDALY, David Nathan→
Resigneddirector · ~69y · appointed 2008-03-17 · resigned 2012-01-31
KUMP, Eric John→
Resigneddirector · ~56y · appointed 2008-02-05 · resigned 2008-06-10
LEVY, Adrian Joseph Morris→
Resigneddirector · ~56y · appointed 2008-01-16 · resigned 2008-02-05
MORGAN, Fiona Jacqueline→
Resigneddirector · ~62y · appointed 2012-02-29 · resigned 2013-12-27
MORRIS, Andrew→
Resigneddirector · ~61y · appointed 2008-03-17 · resigned 2011-11-30
PUDGE, David John→
Resigneddirector · ~61y · appointed 2008-01-16 · resigned 2008-02-05
RIALL, Tom→
Resigneddirector · ~66y · appointed 2017-05-08 · resigned 2024-08-16
ROBSON, William Henry Mark→
Resigneddirector · ~63y · appointed 2012-02-29 · resigned 2017-07-31
SCICLUNA, Terence Joseph→
Resigneddirector · ~69y · appointed 2014-01-30 · resigned 2017-03-31
SHAFI KHAN, Mohammed Omar→
Resigneddirector · ~52y · appointed 2017-10-16 · resigned 2019-04-05
SMITH, Richard Charles→
Resigneddirector · ~69y · appointed 2010-07-01 · resigned 2013-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
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