TSBC PROPAGATION LIMITED

💤Zombieactive
07986336 · ltd · incorporated 2012-03-12
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
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.0k
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 01290
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 14.3y

15/100
under pressure

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

  • · Oldest live charge is 14.3 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,000
Net assets shrinking
Down £4,000 YoY
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 99% YoY
Net Worth
£1k
↓ 80% YoY
Current Assets
£1k
↓ 100% YoY
Current Liabilities
—
£0£70k£141k£211k£282k£352kOct 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-10-31
Total assets£1.0k£5.0k
Current assets£1.0k£352.0k
Cash£1.0k£109.0k
Debtors—£243.0k
Net assets£1.0k£5.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 officers
Last 180 days
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-05-28
    ➖
    WILKINSON, Richard John resigned
    director
  2. 2026-05-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2024-07-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-07-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-07-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-06-28
    🔒
    Charge registered #4
    Lender: Hsbc UK Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument))
  8. 2024-06-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  9. 2023-07-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2023-01-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-12-30
    ➖
    BONN, Richard Kenneth resigned
    director
  12. 2022-09-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2022-09-01
    ➕
    WILKINSON, Richard John appointed
    director
  15. 2022-07-18
    ➖
    JONES, Benjamin David Rowe resigned
    director
  16. 2022-06-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2021-08-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2021-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2021-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2021-04-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-04-01
    ➕
    SANCLEMENT, David appointed
    director
  22. 2021-04-01
    ➕
    JONES, Benjamin David Rowe appointed
    director
  23. 2021-03-12
    ➖
    STOYANOVA, Tonka Pencheva resigned
    secretary
  24. 2021-03-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  25. 2020-11-02
    ➖
    KAY, David Iain resigned
    director
  26. 2020-10-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  27. 2019-12-09
    📄
    memorandum-articles
    incorporation · MA
  28. 2019-12-03
    ➕
    BONN, Richard Kenneth appointed
    director
  29. 2019-12-03
    ➖
    GREEN, David Jonathan resigned
    director
  30. 2019-11-21
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC as Security Trustee
  31. 2019-10-03
    🔓
    Charge satisfied #2
  32. 2019-10-03
    🔓
    Charge satisfied #1
  33. 2019-09-24
    ➕
    STOYANOVA, Tonka Pencheva appointed
    secretary
  34. 2019-09-13
    ➖
    KRISHNAN, Siva Kumar resigned
    secretary
  35. 2019-09-13
    ➕
    GREEN, David Jonathan appointed
    director
  36. 2019-09-13
    ➖
    HALL, Harry Mark resigned
    director
  37. 2019-09-13
    ➕
    KAY, David Iain appointed
    director
  38. 2017-04-21
    ➕
    KRISHNAN, Siva Kumar appointed
    secretary
  39. 2017-04-21
    ➖
    MEAR, David Edward resigned
    secretary
  40. 2015-12-04
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  41. 2012-04-04
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC (The Bank)
  42. 2012-03-12
    🏢
    Company incorporated
    As TSBC PROPAGATION LIMITED
  43. 2012-03-12
    ➕
    MEAR, David Edward appointed
    secretary
  44. 2012-03-12
    ➕
    HALL, Harry Mark appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
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.

Group structure

The Summer Berry Company Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Summer Berry Company Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
TSBC PROPAGATION LIMITED
This company · 07986336

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%
NameSharesVoting rightsNature of controlNotified
The Summer Berry Company Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/11/2019
1 historic (ceased) PSC
  • Mr Harry Mark Hallceased 13/09/2019· 75-100% shares

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

Similar companies

Active · Agriculture · PO postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A PEARSON GROWERS LIMITED→
06532564 · est 2008 · no financials extracted
————18y——
A.D. WALTER LIMITED→
00560464 · est 1956 · no financials extracted
————70y——
A.E. BROWN (FARMS) LIMITED→
00457089 · est 1948 · no financials extracted
————77y——
A.G. PHILLIPS & SON LIMITED→
01602404 · est 1981 · no financials extracted
————44y——
A.H.BROWN(HAYLING ISLAND)LIMITED→
00508016 · est 1952 · no financials extracted
————73y——
ABBEY FARM FEEDS LIMITED→
11120296 · est 2017 · no financials extracted
————8y——
ADAM ROLLS TREE SERVICES LTD→
13552762 · est 2021 · no financials extracted
————4y——
AEOLUS GROUP LIMITED→
10960511 · est 2017 · no financials extracted
————8y——
AFTON PARK LIMITED→
05651509 · est 2005 · no financials extracted
————20y——
AGF GROUNDWORKS LIMITED→
13513976 · est 2021 · no financials extracted
————4y——
AGRICULTURAL CONTRACTING SERVICES LIMITED→
01701069 · est 1983 · no financials extracted
————43y——
AGRIKING LIMITED→
03250500 · est 1996 · no financials extracted
————29y——
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
Incorporated2012-03-12
Jurisdictionengland-wales
Primary SIC01290 — SIC 01290

Registered office

Groves Farm
Colworth
Chichester
West Sussex
PO20 2DX
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-26
Last: 2026-03-12

Officers (1 active · 9 resigned)

SANCLEMENT, David→
director · ~53y · appointed 2021-04-01
View their other companies + combined net worth →
Active
KRISHNAN, Siva Kumar→
secretary · appointed 2017-04-21 · resigned 2019-09-13
Resigned
MEAR, David Edward→
secretary · appointed 2012-03-12 · resigned 2017-04-21
Resigned
STOYANOVA, Tonka Pencheva→
secretary · appointed 2019-09-24 · resigned 2021-03-12
Resigned
BONN, Richard Kenneth→
director · ~49y · appointed 2019-12-03 · resigned 2022-12-30
Resigned
GREEN, David Jonathan→
director · ~36y · appointed 2019-09-13 · resigned 2019-12-03
Resigned
HALL, Harry Mark→
director · ~56y · appointed 2012-03-12 · resigned 2019-09-13
Resigned
JONES, Benjamin David Rowe→
director · ~59y · appointed 2021-04-01 · resigned 2022-07-18
Resigned
KAY, David Iain→
director · ~60y · appointed 2019-09-13 · resigned 2020-11-02
Resigned
WILKINSON, Richard John→
director · ~55y · appointed 2022-09-01 · resigned 2026-05-28
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Instrument))
A registered charge1 property28/06/2024—
outstanding
HSBC
Hsbc UK Bank PLC as Security Trustee
A registered charge—21/11/2019—
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge—04/12/201503/10/2019
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC (The Bank)
Debenture1 property04/04/201203/10/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-09
accounts-with-accounts-type-small
accounts · AA
2025-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-30
accounts-with-accounts-type-small
accounts · AA
2024-07-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-03
change-account-reference-date-company-current-extended
accounts · AA01
2024-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
accounts-with-accounts-type-small
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
termination-director-company-with-name-termination-date
officers · TM01
2023-01-04
termination-director-company-with-name-termination-date
officers · TM01
2022-09-22
appoint-person-director-company-with-name-date
officers · AP01
2022-09-15
accounts-with-accounts-type-small
accounts · AA
2022-06-13