TERRAPENS LIMITED

💤Zombieactive
08446069 · ltd · incorporated 2013-03-15
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Letting and operating of conference and exhibition centres
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 65). 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).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-04-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-01-31
    ➕
    CHEEVERS, William Francis Philip appointed
    director
  6. 2023-01-31
    ➖
    BUCHANAN, Patrick William Samuel resigned
    director
  7. 2023-01-31
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-01-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-08-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-08-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2019-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2019-01-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-05-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-05-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2016-09-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2013-03-15
    🏢
    Company incorporated
    As TERRAPENS LIMITED
  19. 2013-03-15
    ➕
    BUCHANAN, Patrick William Samuel appointed
    director

Owner dependency

90/100
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 age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Francis Philip Cheevers
Individual · British · DOB 10/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Nigel Kenneth Cheevers
Individual · British · DOB 03/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Richard Alexander Cheevers
Individual · British · DOB 06/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2013-03-15
Jurisdictionengland-wales
Primary SIC68202 — Letting and operating of conference and exhibition centres

Registered office

2 New Bailey 6 Stanley Street
Salford
Greater Manchester
M3 5GS
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-03-11
Last: 2026-02-25

Officers (1 active · 1 resigned)

CHEEVERS, William Francis Philip→
director · ~65y · appointed 2023-01-31
View their other companies + combined net worth →
Active
BUCHANAN, Patrick William Samuel→
director · ~59y · appointed 2013-03-15 · resigned 2023-01-31
Resigned

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

Recent filings (32 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-27
appoint-person-director-company-with-name-date
officers · AP01
2023-01-31
termination-director-company-with-name-termination-date
officers · TM01
2023-01-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-09