PNL 2020 REALISATIONS LIMITED

⚰️Wound downdissolved

09008412 · ltd · incorporated 2014-04-23

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

44/100

Watch

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

What this business does

Primary activity: Manufacture of builders' ware of plastic

Sector: Manufacturing

ALSO REGISTERED FOR

22290SIC 22290

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 32/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

13 live charges · 11 lenders · oldest 11.9y

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 11.9 years old — likely at or near maturity.
· 11 lenders named — inter-creditor friction likely.
· Legal-friction score 60/100 (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, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

13 officers (5 active, 13 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

30 connected companies via shared directors

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

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

Strong succession / seller-readiness signals.

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 (63 events)Click to expand

2023-06-16
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2023-06-16
🏁
Company dissolved
2023-03-16
⚠️
liquidation-in-administration-move-to-dissolution
insolvency · AM23
2023-03-07
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-07-26
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-06-23
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2022-02-02
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-07-29
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-05-20
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2021-01-29
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2020-09-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-19
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2020-08-10
⚠️
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · AM06
2020-07-20
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2020-07-13
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2020-07-13
📄
resolution
resolution · RESOLUTIONS
2020-05-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-15
🔓
Charge satisfied #6
2019-10-06
📄
accounts-with-accounts-type-full
accounts · AA
2019-06-25
➖
EAGLE, David Robert resigned
director
2019-06-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-03-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-03-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-03-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-03-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-02-28
🔒
Charge registered #13
Lender: Cairngorm Capital Partners I, L.P.
2019-02-28
🔒
Charge registered #12
Lender: Cairngorm Capital Partners LLP (In Its Capacity as Security Trustee)
2019-02-28
🔒
Charge registered #11
Lender: John Lightowlers (In His Capacity as Security Trustee)
2019-02-28
🔒
Charge registered #10
Lender: Midcap Financial (Ireland) Limited
2018-12-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-24
🔒
Charge registered #9
Lender: Cairngorm Capital Partners I, L.P.
2018-05-03
➖
LIGHTOWLERS, John Michael resigned
director
2018-04-13
➕
MCGILL, Neil Andrew appointed
director
2018-04-13
➕
NAYLOR-LEYLAND, John Michael appointed
director
2018-03-12
➕
LENG, David Brian appointed
director
2017-10-11
➕
GILLETT, Lance Dominic appointed
director
2017-10-11
➕
LIGHTOWLERS, John Michael appointed
director
2017-10-11
➖
MOORE, David Alan resigned
director
2017-05-05
➕
ROGERS, Dawn appointed
secretary
2017-03-15
➖
BAYLISS, Alexander Francis Temple resigned
director
2017-02-15
🔒
Charge registered #8
Lender: Midcap Financial (Ireland) Limited as Security Agent
2017-02-15
🔒
Charge registered #7
Lender: John Lightowlers
2017-02-08
➕
BAYLISS, Alexander Francis Temple appointed
director
2016-11-01
➖
MACDOUGAL, Robert Ian resigned
director
2016-11-01
➕
MOORE, David Alan appointed
director
2016-10-11
➖
STOTT, Jeremy resigned
director
2016-07-11
🔓
Charge satisfied #3
2016-07-11
🔓
Charge satisfied #2
2016-07-11
🔓
Charge satisfied #1
2016-07-07
➖
BUCKLEY, Martyn Brian resigned
director

Showing most recent 50 of 63 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.

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 2023-06-16

13 insolvency-related filings on record

high

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

Evidence: 2023-06-16: gazette-dissolved-liquidation; 2023-03-16: liquidation-in-administration-move-to-dissolution

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.

9 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Customade Group Trading Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Customade Group Trading Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

PNL 2020 REALISATIONS LIMITED

This company · 09008412

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%

Name	Shares	Voting rights	Nature of control	Notified
Customade Group Trading Limited Corporate entity	75–100%	—	75-100% shares	08/02/2017

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 · Manufacturing · BN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
802AUTOMATION LIMITED→ 05663342 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
9 CARPENTRY LIMITED→ 15366096 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
A J BRICKCUTTERS CHIMNEYS LIMITED→ 10756340 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
A JUPP & SON LIMITED→ 05156282 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
A L D LIGHTING LIMITED→ 06387512 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
A.E.ADAMS(HENFIELD)LIMITED→ 00840611 · est 1965 · no financials extracted	—	—	—	—	61y	—	—
A.G.W. ELECTRONICS LIMITED→ 01194670 · est 1974 · no financials extracted	—	—	—	—	51y	—	—
A1 CARBON FIBRE SERVICES LIMITED→ 15710158 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AB CARPENTRY & JOINERY LONDON LTD→ 13284337 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ABRAXIAN LTD→ 08286831 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ADMOR LIMITED→ 02871447 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
ADVANCE MOULDINGS LIMITED→ 06318798 · est 2007 · no financials extracted	—	—	—	—	18y	—	—

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

🔒Tailored diligence questions

10 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

Incorporated2014-04-23

Jurisdictionengland-wales

Primary SIC22230 — Manufacture of builders' ware of plastic

Registered office

Suite 3 Regency House

91 Western Road

Brighton

BN1 2NW

Filing status

Accounts

Next due: —

Last made up to: 2018-12-31

Confirmation statement

Next due: —

Last: —