BUILDING FINANCE LIMITED

💤Zombieactive
10135708 · ltd · incorporated 2016-04-20
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 Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Activities of mortgage finance companies
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

14 live charges · 9 lenders · oldest 9.9y

15/100
under pressure

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

  • · Oldest live charge is 9.9 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
39 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
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Average employees1100

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2024-05-31
    🔒
    Charge registered #14
    Lender: Spj Finance LTD
  5. 2024-01-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-01-30
    🔒
    Charge registered #13
    Lender: Spj Finance LTD
  7. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-04-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-04-01
    ➖
    BLACKLEDGE, Timothy resigned
    director
  11. 2021-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-07-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2020-07-01
    🔒
    Charge registered #12
    Lender: Spj Finance LTD
  15. 2020-06-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2020-06-11
    🔒
    Charge registered #11
    Lender: Spj Finance Limited
  17. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2018-08-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2018-08-10
    🔒
    Charge registered #10
    Lender: Psl Property & Loans LTD
  21. 2018-02-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2018-02-23
    🔒
    Charge registered #9
    Lender: Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  23. 2018-01-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2018-01-19
    🔒
    Charge registered #8
    Lender: Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  25. 2017-09-15
    🔒
    Charge registered #7
    Lender: Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  26. 2017-09-01
    🔒
    Charge registered #6
    Lender: Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  27. 2017-06-02
    🔒
    Charge registered #5
    Lender: Psl Property and Loans LTD of the Brentano Suite Catalyst House 720 Centennial Court, Centennial Park, Elstree Herts WD6 3SY
  28. 2016-12-15
    🔒
    Charge registered #4
    Lender: Psl Property and Loans LTD the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  29. 2016-10-19
    🔒
    Charge registered #3
    Lender: Psl Property and Loans Limited of the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  30. 2016-09-22
    🔒
    Charge registered #2
    Lender: Psl Property & Loans Limited the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
  31. 2016-06-24
    🔒
    Charge registered #1
    Lender: Psl Property & Loans Limited the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park,Elstree, Herts WD6 3SY
  32. 2016-04-20
    🏢
    Company incorporated
    As BUILDING FINANCE LIMITED
  33. 2016-04-20
    ➕
    NEWSHAM, James Paul appointed
    director
  34. 2016-04-20
    ➕
    BLACKLEDGE, Timothy appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
14 live charges
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Paul Newsham
Individual · British · DOB 05/1957 · age 69
75–100%
75–100%board control75-100% shares · 75-100% voting · board control20/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2016-04-20
Jurisdictionengland-wales
Primary SIC64922 — Activities of mortgage finance companies

Registered office

12 Cardwell Close Warton
Preston
PR4 1SH
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-03
Last: 2026-04-19

Officers (1 active · 1 resigned)

NEWSHAM, James Paul→
director · ~69y · appointed 2016-04-20
View their other companies + combined net worth →
Active
BLACKLEDGE, Timothy→
director · ~50y · appointed 2016-04-20 · resigned 2022-04-01
Resigned

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

Mortgages & charges

14
Total charges
14
Outstanding
8
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Spj Finance
Spj Finance LTD
A registered charge1 property31/05/2024—
outstanding
Spj Finance
Spj Finance LTD
A registered charge1 property30/01/2024—
outstanding
Spj Finance
Spj Finance LTD
A registered charge1 property01/07/2020—
outstanding
Spj Finance
Spj Finance Limited
A registered charge1 property11/06/2020—
outstanding
Psl Property & Loans
Psl Property & Loans LTD
A registered charge1 property10/08/2018—
outstanding
Psl Property & Loans the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property23/02/2018—
outstanding
Psl Property & Loans the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property19/01/2018—
outstanding
Psl Property & Loans the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge2 properties15/09/2017—
outstanding
Psl Property & Loans the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property & Loans LTD the Brentano Suite, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property01/09/2017—
outstanding
Psl Property and Loans of the Brentano Suite Catalyst House 720 Centennial Court, Centennial Park, Elstree Herts WD6 3SY
Psl Property and Loans LTD of the Brentano Suite Catalyst House 720 Centennial Court, Centennial Park, Elstree Herts WD6 3SY
A registered charge1 property02/06/2017—
outstanding
Psl Property and Loans the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property and Loans LTD the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property15/12/2016—
outstanding
Psl Property and Loans of the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property and Loans Limited of the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property19/10/2016—
outstanding
Psl Property & Loans the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
Psl Property & Loans Limited the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park, Elstree, Herts WD6 3SY
A registered charge1 property22/09/2016—
outstanding
Psl Property & Loans the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park,Elstree, Herts WD6 3SY
Psl Property & Loans Limited the Brentano Suite, Catalyst House, 720 Centennial Court, Centennial Park,Elstree, Herts WD6 3SY
A registered charge1 property24/06/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
termination-director-company-with-name-termination-date
officers · TM01
2022-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-24