IPES DEPOSITARY LIMITED

💤Zombieactive
08744384 · ltd · incorporated 2013-10-23
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
77/100
Strong
🔔
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What this business does
Primary activity: Activities of financial services holding companies
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 12.1y

15/100
under pressure

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

  • · Oldest live charge is 12.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (56/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 8 with DOB)
90
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
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 (43 events)Click to expand
  1. 2025-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-09-03
    ➖
    BURKE, James Patrick resigned
    director
  6. 2024-01-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-01-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2023-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-12-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2021-11-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2021-07-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-07-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2021-07-27
    🔓
    Charge satisfied #4
  20. 2021-07-27
    🔓
    Charge satisfied #3
  21. 2021-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-12-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2019-06-28
    🔒
    Charge registered #4
    Lender: Goldman Sachs Specialty Lending Group, L.P., as Collateral Agent
  24. 2019-06-19
    🔓
    Charge satisfied #2
  25. 2019-06-19
    🔓
    Charge satisfied #1
  26. 2019-01-31
    ➕
    YULE, Alyson appointed
    director
  27. 2019-01-31
    ➕
    BURKE, James Patrick appointed
    director
  28. 2019-01-31
    ➖
    GARDNER, Adrian David Edmund resigned
    director
  29. 2019-01-31
    ➖
    MERRY, Christopher James resigned
    director
  30. 2019-01-31
    🔒
    Charge registered #3
    Lender: Goldman Sachs Specialty Lending Group, L.P.
  31. 2016-12-19
    ➖
    COOK, Benjamin John resigned
    director
  32. 2016-12-02
    ➕
    GARDNER, Adrian David Edmund appointed
    director
  33. 2016-12-02
    ➖
    HAYMAN, Gavin James resigned
    director
  34. 2014-07-24
    ➖
    ANDREWS, Tim, Mr. resigned
    director
  35. 2014-07-24
    ➕
    COOK, Benjamin John appointed
    director
  36. 2014-07-24
    ➕
    MERRY, Christopher James appointed
    director
  37. 2014-07-24
    ➖
    PARTINGTON, Justin Simon resigned
    director
  38. 2014-06-27
    🔒
    Charge registered #2
    Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
  39. 2014-06-27
    🔒
    Charge registered #1
    Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
  40. 2013-10-23
    🏢
    Company incorporated
    As IPES DEPOSITARY LIMITED
  41. 2013-10-23
    ➕
    ANDREWS, Tim, Mr. appointed
    director
  42. 2013-10-23
    ➕
    HAYMAN, Gavin James appointed
    director
  43. 2013-10-23
    ➕
    PARTINGTON, Justin Simon appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • 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.

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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
Incorporated2013-10-23
Jurisdictionengland-wales
Primary SIC64205 — Activities of financial services holding companies

Registered office

4th Floor, 140 Aldersgate Street
London
EC1A 4HY
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-02
Last: 2025-10-19

Officers (1 active · 7 resigned)

YULE, Alyson→
director · ~58y · appointed 2019-01-31
View their other companies + combined net worth →
Active
ANDREWS, Tim, Mr.→
director · ~47y · appointed 2013-10-23 · resigned 2014-07-24
Resigned
BURKE, James Patrick→
director · ~46y · appointed 2019-01-31 · resigned 2024-09-03
Resigned
COOK, Benjamin John→
director · ~52y · appointed 2014-07-24 · resigned 2016-12-19
Resigned
GARDNER, Adrian David Edmund→
director · ~64y · appointed 2016-12-02 · resigned 2019-01-31
Resigned
HAYMAN, Gavin James→
director · ~49y · appointed 2013-10-23 · resigned 2016-12-02
Resigned
MERRY, Christopher James→
director · ~65y · appointed 2014-07-24 · resigned 2019-01-31
Resigned
PARTINGTON, Justin Simon→
director · ~51y · appointed 2013-10-23 · resigned 2014-07-24
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Goldman Sachs Specialty Lending Group, L.P., as Collateral Agent
A registered charge—28/06/201927/07/2021
satisfied
Goldman Sachs Specialty Lending Group, L.P.
A registered charge1 property31/01/201927/07/2021
satisfied
HSBC
Hsbc Corporate Trustee Company (UK) Limited as Security Agent
A registered charge—27/06/201419/06/2019
satisfied
HSBC
Hsbc Corporate Trustee Company (UK) Limited as Security Agent
A registered charge—27/06/201419/06/2019

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-12
termination-director-company-with-name-termination-date
officers · TM01
2024-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-09
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-10
gazette-notice-compulsory
gazette · GAZ1
2024-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-05