PENGEN LIMITED
🌳Matureactive
09096345 · ltd · incorporated 2014-06-20
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£402.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 10.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 10.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £401,995
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£402k
↑ 102% YoY
Current Assets
£928k
↑ 28% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £1.46M | £1.33M |
| Current assets | £927.6k | £725.7k |
| Cash | — | £23.3k |
| Debtors | £924.6k | £696.8k |
| Net assets | £402.0k | £199.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
2
filings
- • 1 officers
- • 1 mortgage
Last 90 days
3
filings
- • 2 mortgage
- • 1 officers
Last 180 days
4
filings
- • 2 mortgage
- • 1 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-07-01➕CRITCHLEY, James Richard appointeddirector
- 2026-07-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-06-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-06-19🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2026-06-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-06-10🔓Charge satisfied #3
- 2026-02-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-10-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-18📄memorandum-articlesincorporation · MA
- 2025-06-18📄resolutionresolution · RESOLUTIONS
- 2025-06-17📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-06-17📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-06-17📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-17📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-06📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-03-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-08📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-12-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-07-06🔒Charge registered #3Lender: Lloyds Bank PLC
- 2016-01-15🔒Charge registered #2Lender: W Threlfell & Son
- 2016-01-15🔒Charge registered #1Lender: Brian Critchley
- 2014-06-20🏢Company incorporatedAs PENGEN LIMITED
- 2014-06-20➕CRITCHLEY, Brian Richard appointeddirector
- 2014-06-20➕LOWTHIAN, Henry appointeddirector
- 2014-06-20➕THRELFELL, Richard appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 74 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
33/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — CRITCHLEY, James Richard (same surname) appointed 2026-07-01. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard Threlfell Individual · British · DOB 03/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Henry Lowthian Individual · British · DOB 09/1984 · age 42 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Brian Richard Critchley Individual · British · DOB 05/1952 · age 74 | — | — | sig. influencesignificant influence | 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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| HDL WASTE LTD→ 15086870 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NORTHERN FALLEN STOCK LTD→ 06709933 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| NORTHERN WASTE MANAGEMENT LTD→ 09188500 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| NZ MARINE TWO LIMITED→ 16219204 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PALMER RENEWABLES LIMITED→ 09085537 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| PATCH'S PLANT HIRE LIMITED→ 15993951 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| PENGEN AD LIMITED→ 09755675 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| PENRITH WASTE LTD→ 16546296 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PJ DIXON SERVICES LTD→ 07250435 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| PREMIAIR COMFORT LIMITED→ 08859545 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| RHEDA PUMPING STATION LIMITED→ 11152444 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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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
Incorporated2014-06-20
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110
Registered office
High Hopes C/O West Brownrigg Farm
Plumpton
Penrith
Cumbria
CA11 9PF
United Kingdom
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (4 active · 0 resigned)
CRITCHLEY, Brian Richard→
Activedirector · ~74y · appointed 2014-06-20
View their other companies + combined net worth →
CRITCHLEY, James Richard→
Activedirector · ~43y · appointed 2026-07-01
View their other companies + combined net worth →
LOWTHIAN, Henry→
Activedirector · ~42y · appointed 2014-06-20
View their other companies + combined net worth →
THRELFELL, Richard→
Activedirector · ~53y · appointed 2014-06-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 19/06/2026 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 06/07/2016 | 10/06/2026 | |
| outstanding | W Threlfell & Son | A registered charge | — | 15/01/2016 | — | |
| outstanding | Brian Critchley | A registered charge | — | 15/01/2016 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-06-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-15
change-person-director-company-with-change-date
officers · CH01
2025-10-15
memorandum-articles
incorporation · MA
2025-06-18
resolution
resolution · RESOLUTIONS
2025-06-18
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-06-17
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-06-17
capital-name-of-class-of-shares
capital · SH08
2025-06-17
capital-name-of-class-of-shares
capital · SH08
2025-06-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-26