2PD LIMITED
Opportunity 74/100 (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: share sale to pe / searcher (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 0.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 0.9 years old — likely still in initial term.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 500 | 500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 3 mortgage
- • 1 confirmation-statement
- • 1 capital
Corporate timeline (34 events)Click to expand
- 2026-02-20📄capital-allotment-sharescapital · SH01
- 2026-02-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-16🔓Charge satisfied #3
- 2026-02-16🔓Charge satisfied #2
- 2026-02-16🔓Charge satisfied #1
- 2025-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-24📄capital-allotment-sharescapital · SH01
- 2025-07-07📄resolutionresolution · RESOLUTIONS
- 2025-07-07📄resolutionresolution · RESOLUTIONS
- 2025-07-07📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-07-07📄capital-allotment-sharescapital · SH01
- 2025-07-07📄memorandum-articlesincorporation · MA
- 2025-07-07📄memorandum-articlesincorporation · MA
- 2025-07-07📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-30🔒Charge registered #3Lender: Stuart Mead
- 2025-06-30🔒Charge registered #2Lender: Jason Timms
- 2025-06-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-18🔒Charge registered #1Lender: Enterprise Ventures (General Partner Npif Yhtv Equity) Limited as General Partner of Npif Yhtv Equity LP
- 2025-04-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-12📄capital-allotment-sharescapital · SH01
- 2023-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-20📄capital-cancellation-sharescapital · SH06
- 2021-01-30➖DANDY, Edward James resigneddirector
- 2019-06-28➕MEAD, Stuart Edgar appointeddirector
- 2019-06-28➕TIMMS, Jason Robert appointeddirector
- 2019-02-26➖JOHN, Ceri Richard resigneddirector
- 2019-02-01➕DANDY, Edward James appointeddirector
- 2017-09-26🏢Company incorporatedAs 2PD LIMITED
- 2017-09-26➕JOHN, Ceri Richard appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-06-30: A registered charge; 2025-06-30: A registered charge; 2025-06-18: A registered charge
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jason Robert Timms Individual · British · DOB 04/1970 · age 56 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/11/2018 |
2 historic (ceased) PSCs
- Mr Edward James Dandyceased 01/02/2019· 75-100% shares · 75-100% voting
- Mr Ceri Richard Johnceased 08/11/2018· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Stuart Mead | A registered charge | — | 30/06/2025 | 16/02/2026 | |
| satisfied | Jason Timms | A registered charge | — | 30/06/2025 | 16/02/2026 | |
| satisfied | Enterprise Ventures (General Partner Npif Yhtv Equity) as General Partner of Npif Yhtv Equity LP Enterprise Ventures (General Partner Npif Yhtv Equity) Limited as General Partner of Npif Yhtv Equity LP | A registered charge | — | 18/06/2025 | 16/02/2026 |