PENDLETON HOUSE LIMITED

💤Zombieactive
09949420 · ltd · incorporated 2016-01-13
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 Mar 2025
Net worth
£-620.8k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 10.1y

15/100
under pressure

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

  • · Oldest live charge is 10.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £620,773

Key financials

1 year extracted from filed iXBRL accounts
Cash
£445
Net Worth
-£621k
Current Assets
£801k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£-620.8k
Current assets£800.5k
Cash£445
Debtors£62
Net assets£-620.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-29
    DAVEY, Stephen Anthony resigned
    director
  4. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-01-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2023-04-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2023-04-06
    🔓
    Charge satisfied #4
  10. 2023-04-06
    🔓
    Charge satisfied #1
  11. 2022-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-08-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-08-26
    🔓
    Charge satisfied #2
  16. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-05-19
    LAVERY, Sean David appointed
    director
  18. 2020-05-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2020-05-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-05-12
    🔓
    Charge satisfied #3
  21. 2020-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2020-01-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2020-01-24
    🔒
    Charge registered #4
    Lender: Lcg Limited
  24. 2020-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2020-01-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  26. 2019-06-25
    AGNEW, Dermott appointed
    secretary
  27. 2019-06-25
    COULTER, Ian George resigned
    director
  28. 2019-06-25
    DAVEY, Stephen Anthony appointed
    director
  29. 2019-06-25
    GWYNNE, Jonathan Gareth resigned
    director
  30. 2017-08-11
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  31. 2016-05-09
    COULTER, Ian George appointed
    director
  32. 2016-05-09
    GRAY, Ruth resigned
    director
  33. 2016-05-09
    🔒
    Charge registered #2
    Lender: Jonathan Gareth Gwynne and Stephen Robert Gray
  34. 2016-05-09
    🔒
    Charge registered #1
    Lender: Lcg Limited
  35. 2016-01-13
    🏢
    Company incorporated
    As PENDLETON HOUSE LIMITED
  36. 2016-01-13
    GRAY, Ruth appointed
    director
  37. 2016-01-13
    GWYNNE, Jonathan Gareth appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material 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 signal

Some 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

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.

Group structure

Clonrose Developments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Clonrose Developments Limited
Corporate parent · holds 75-100% shares
ultimate parent
PENDLETON HOUSE LIMITED
This company · 09949420

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%
NameSharesVoting rightsNature of controlNotified
Clonrose Developments Limited
Corporate entity
75100%
75-100% shares25/06/2019
1 historic (ceased) PSC
  • Lcg Endeavour Limitedceased 25/06/2019· 75-100% shares

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

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
Incorporated2016-01-13
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Units 18 & 19 Rufford Court, Hardwick Grange
Woolston
Warrington
WA1 4RF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-26
Last: 2026-01-12

Officers (2 active · 4 resigned)

AGNEW, Dermott
secretary · appointed 2019-06-25
View their other companies + combined net worth →
Active
LAVERY, Sean David
director · ~55y · appointed 2020-05-19
View their other companies + combined net worth →
Active
COULTER, Ian George
director · ~55y · appointed 2016-05-09 · resigned 2019-06-25
Resigned
DAVEY, Stephen Anthony
director · ~49y · appointed 2019-06-25 · resigned 2025-08-29
Resigned
GRAY, Ruth
director · ~51y · appointed 2016-01-13 · resigned 2016-05-09
Resigned
GWYNNE, Jonathan Gareth
director · ~50y · appointed 2016-01-13 · resigned 2019-06-25
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
Lcg
Lcg Limited
A registered charge1 property24/01/202006/04/2023
satisfied
Together Money
Together Commercial Finance Limited
A registered charge1 property11/08/201712/05/2020
satisfied
Jonathan Gareth Gwynne and Stephen Robert Gray
A registered charge09/05/201626/08/2021
satisfied
Lcg
Lcg Limited
A registered charge09/05/201606/04/2023

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
termination-director-company-with-name-termination-date
officers · TM01
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-02
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-06
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23