32 LINKSWAY LIMITED

💤Zombieactive
10165471 · ltd · incorporated 2016-05-05
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 May 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · 5 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.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees0

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
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-06-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-06-24
    🔓
    Charge satisfied #4
  5. 2025-06-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-06-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-05-30
    🔒
    Charge registered #6
    Lender: Lbp 1 Limited
  8. 2025-05-30
    🔒
    Charge registered #5
    Lender: Lbp 1 Limited
  9. 2025-05-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-02-05
    📄
    capital-allotment-shares
    capital · SH01
  11. 2025-02-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2025-02-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2024-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-09-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2024-09-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2023-12-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2023-12-11
    🔒
    Charge registered #4
    Lender: Kseye Capital Holdings Limited
  18. 2023-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-02-23
    🔒
    Charge registered #3
    Lender: Coutts & Company
  23. 2018-02-23
    🔓
    Charge satisfied #2
  24. 2016-10-07
    🔒
    Charge registered #2
    Lender: Oaknorth Bank Limited
  25. 2016-10-06
    🔓
    Charge satisfied #1
  26. 2016-05-20
    🔒
    Charge registered #1
    Lender: Cool Herbals Limited
  27. 2016-05-05
    🏢
    Company incorporated
    As 32 LINKSWAY LIMITED
  28. 2016-05-05
    PANKHANIA, Sunil appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kamal Pankhania
Individual · British · DOB 09/1977 · age 49
2550%
25–50%25-50% shares · 25-50% voting04/02/2025
Mr Sunil Pankhania
Individual · British · DOB 07/1982 · age 44
2550%
25–50%25-50% shares · 25-50% voting05/05/2016

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
Incorporated2016-05-05
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate

Registered office

7 Churchill Court 58 Station Road
North Harrow
Harrow
HA2 7SA
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-16
Last: 2026-02-02

Officers (1 active · 0 resigned)

PANKHANIA, Sunil
director · ~44y · appointed 2016-05-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lbp 1
Lbp 1 Limited
A registered charge1 property30/05/2025
outstanding
Lbp 1
Lbp 1 Limited
A registered charge1 property30/05/2025
satisfied
Kseye Capital Holdings
Kseye Capital Holdings Limited
A registered charge1 property11/12/202324/06/2025
outstanding
NatWest Group
Coutts & Company
A registered charge1 property23/02/2018
satisfied
OakNorth
Oaknorth Bank Limited
A registered charge1 property07/10/201623/02/2018
satisfied
Cool Herbals / Kseye Capital No.1
Cool Herbals Limited / Kseye Capital No.1
A registered charge1 property20/05/201606/10/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-01
capital-allotment-shares
capital · SH01
2025-02-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
change-person-director-company-with-change-date
officers · CH01
2024-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-09