2015 FROGNAL COURT LTD
💤Zombieactive
09617609 · ltd · incorporated 2015-06-01
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 Jun 2025
Net worth
£-5.05M
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 10.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £5,045,551
Cash YoY
+235%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£35k
↑ 235% YoY
Net Worth
-£5.0m
↓ 35% YoY
Current Assets
£5.8m
~ 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 | £3.89M | £3.97M |
| Current assets | £5.78M | £5.76M |
| Cash | £35.1k | £10.5k |
| Debtors | £144.8k | £150.2k |
| Net assets | £-5.05M | £-3.73M |
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 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2026-03-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-14🔒Charge registered #3Lender: Close Brothers Limited
- 2023-11-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-09📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-08-29📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-31📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-02-06📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-02-06📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-02-06📄administrative-restoration-companyrestoration · RT01
- 2022-12-20📄gazette-dissolved-compulsorygazette · GAZ2
- 2022-08-30📄gazette-notice-compulsorygazette · GAZ1
- 2022-07-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-31📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-01-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-01-27➕LOCK, Nicholas Andrew appointeddirector
- 2022-01-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-10📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-01➖LOCK, Nicholas Andrew Edward resignedsecretary
- 2021-10-25➖LIM, Tek Quinn resigneddirector
- 2021-01-05➖LOCK, Nicholas Andrew, Mr. resigneddirector
- 2020-03-02➖GOULD, Henry Richard Charles resigneddirector
- 2020-03-02➕LIM, Tek Quinn appointeddirector
- 2018-01-19🔒Charge registered #2Lender: Close Brothers Limited
- 2015-12-23🔒Charge registered #1Lender: Aldermore Bank PLC
- 2015-11-13➕GOULD, Henry Richard Charles appointeddirector
- 2015-06-01🏢Company incorporatedAs 2015 FROGNAL COURT LTD
- 2015-06-01➕LOCK, Nicholas Andrew Edward appointedsecretary
- 2015-06-01➕LOCK, Nicholas Andrew, Mr. appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Nicholas Andrew Lock Individual · British · DOB 05/1974 · age 52 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/01/2022 |
1 historic (ceased) PSC
- Mr. Nicholas Andrew Lockceased 14/01/2022· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 1-3 STABLE PLACE FREEHOLD LIMITED→ 14397169 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1-4 QUATRE PORTS LIMITED→ 13971214 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 1-4 SAFFRON COURT MANAGEMENT COMPANY LIMITED→ 05291000 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| 105-111 HORNS ROAD LTD→ 14809865 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 115 VICTORIA PARK ROAD LIMITED→ 13850294 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 153 JUNCTION LIMITED→ 07122405 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| 17 COLD HARBOUR E14 LIMITED→ 15613232 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 17-22 NETHER CLOSE LIMITED RTM COMPANY LTD→ 11027680 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 19 NORTHBROOK ROAD LTD→ 14758213 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 2/4 WHEATLEY STREET LIMITED→ 17052711 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 203 LARKSHALL ROAD MANAGEMENT COMPANY LIMITED→ 06476898 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| 204/216C LEY STREET MANAGEMENT LIMITED→ 02962272 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
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
Incorporated2015-06-01
Jurisdictionengland-wales
Primary SIC98000 — Residents property management
Registered office
19-20 Bourne Court Southend Road
Woodford Green
Essex
IG8 8HD
United Kingdom
Filing status
Accounts
Next due: 2027-03-28
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01
Officers (1 active · 4 resigned)
LOCK, Nicholas Andrew→
Activedirector · ~52y · appointed 2022-01-27
View their other companies + combined net worth →
LOCK, Nicholas Andrew Edward→
Resignedsecretary · appointed 2015-06-01 · resigned 2021-11-01
GOULD, Henry Richard Charles→
Resigneddirector · ~42y · appointed 2015-11-13 · resigned 2020-03-02
LIM, Tek Quinn→
Resigneddirector · ~52y · appointed 2020-03-02 · resigned 2021-10-25
LOCK, Nicholas Andrew, Mr.→
Resigneddirector · ~52y · appointed 2015-06-01 · resigned 2021-01-05
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 17 properties | 14/03/2024 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 19/01/2018 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | — | 23/12/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-01
gazette-filings-brought-up-to-date
gazette · DISS40
2023-09-09
gazette-notice-compulsory
gazette · GAZ1
2023-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-06
administrative-restoration-company
restoration · RT01
2023-02-06
gazette-dissolved-compulsory
gazette · GAZ2
2022-12-20