32-33 WHITE ROCK LIMITED
💤Zombieactive
11053125 · ltd · incorporated 2017-11-08
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
£-83.1k
book net assets
Opportunity
71/100
Strong
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 71/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 8.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.1 years old — likely at or near maturity.
- · 4 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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £83,122
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£83k
↓ 7.5% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £2.07M | £2.09M |
| Debtors | £12.4k | £13.2k |
| Net assets | £-83.1k | £-77.3k |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-08🔒Charge registered #7Lender: Hampshire Trust Bank PLC
- 2025-09-08🔓Charge satisfied #6
- 2025-09-08🔓Charge satisfied #5
- 2025-09-08🔓Charge satisfied #4
- 2025-09-08🔓Charge satisfied #3
- 2025-09-08🔓Charge satisfied #2
- 2025-09-08🔓Charge satisfied #1
- 2025-07-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-31➖RHODES, Steven Brian resigneddirector
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-09🔒Charge registered #6Lender: Lendnet LLP
- 2021-08-09🔒Charge registered #5Lender: Lendnet LLP
- 2021-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-26➕HANLON, Patrick Antony appointeddirector
- 2020-05-26📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-05-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-10-11🔒Charge registered #4Lender: Lendinvest Security Trustees Limited
- 2019-10-11🔒Charge registered #3Lender: Lendinvest Security Trustess Limited
- 2018-04-13🔒Charge registered #2Lender: Lendinvest Security Trustees Limited
- 2018-04-13🔒Charge registered #1Lender: Lendinvest Security Trustees Limited
- 2018-04-11➖HANLON, Patrick Antony resigneddirector
- 2018-02-27➖RYAN, Kieran resigneddirector
- 2017-11-08🏢Company incorporatedAs 32-33 WHITE ROCK LIMITED
- 2017-11-08➕HANLON, Patrick Antony appointeddirector
- 2017-11-08➕RHODES, Steven Brian appointeddirector
- 2017-11-08➕RYAN, Kieran 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Patrick Anthony Hanlon Individual · British · DOB 10/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 08/11/2017 |
Mr Steven Brian Rhodes Individual · British · DOB 02/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 08/11/2017 |
1 historic (ceased) PSC
- Mr Kieran Ryanceased 27/02/2018· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Construction · TN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 THE DRIVE DEVELOPMENTS LTD→ 15157107 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1066 HEIGHTS LIMITED→ 09216156 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 1066 HOMES GENERAL BUILDERS LIMITED→ 07031132 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 1066 PLUMBING AND HEATING LTD→ 14144760 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1066 POWDER COATING LTD→ 15124980 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 19 BTR LIMITED→ 11588357 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 2 CHUMS LIMITED→ 10907464 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 24HR STEEL LTD→ 12546550 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 3D DEVELOPMENTS (S.E.) LIMITED→ 13294623 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 3DBC LIMITED→ 09759520 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 3QD SADLERS HOUSE LTD→ 14738290 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 3SJ LTD→ 06170862 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
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
Incorporated2017-11-08
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
20 Havelock Road
Hastings
East Sussex
TN34 1BP
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26
Officers (1 active · 3 resigned)
HANLON, Patrick Antony→
Activedirector · ~57y · appointed 2020-05-26
View their other companies + combined net worth →
HANLON, Patrick Antony→
Resigneddirector · ~57y · appointed 2017-11-08 · resigned 2018-04-11
RHODES, Steven Brian→
Resigneddirector · ~55y · appointed 2017-11-08 · resigned 2025-05-31
RYAN, Kieran→
Resigneddirector · ~60y · appointed 2017-11-08 · resigned 2018-02-27
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Hampshire Trust Bank Hampshire Trust Bank PLC | A registered charge | 2 properties | 08/09/2025 | — | |
| satisfied | Lendnet Lendnet LLP | A registered charge | 1 property | 09/08/2021 | 08/09/2025 | |
| satisfied | Lendnet Lendnet LLP | A registered charge | 1 property | 09/08/2021 | 08/09/2025 | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | 1 property | 11/10/2019 | 08/09/2025 | |
| satisfied | LendInvest Lendinvest Security Trustess Limited | A registered charge | 1 property | 11/10/2019 | 08/09/2025 | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | 1 property | 13/04/2018 | 08/09/2025 | |
| satisfied | LendInvest Lendinvest Security Trustees Limited | A registered charge | 1 property | 13/04/2018 | 08/09/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (38 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
termination-director-company-with-name-termination-date
officers · TM01
2025-07-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-06