PDF PROPERTY LIMITED

💤Zombieactive
11237154 · ltd · incorporated 2018-03-06
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
£-16.7k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 7.8y

30/100
under pressure

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

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £16,725
Net assets shrinking
Down £18,123 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£17k
↓ 1296% YoY
Current Assets
£516
↓ 69% YoY
Current Liabilities
-£17k-£13k-£9k-£6k-£2k£2kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£240.7k£258.1k
Current assets£516£1.7k
Net assets£-16.7k£1.4k

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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-08-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-08-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2022-08-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-08-15
    🔓
    Charge satisfied #2
  8. 2022-08-15
    🔓
    Charge satisfied #1
  9. 2022-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2022-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2022-03-30
    🔒
    Charge registered #7
    Lender: Tsb Bank PLC
  14. 2022-03-30
    🔒
    Charge registered #6
    Lender: Tsb Bank PLC
  15. 2022-03-30
    🔒
    Charge registered #5
    Lender: Tsb Bank PLC
  16. 2022-03-30
    🔒
    Charge registered #4
    Lender: Tsb Bank PLC
  17. 2022-03-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-03-14
    🔒
    Charge registered #3
    Lender: Tsb Bank PLC
  19. 2021-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-09-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2018-09-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2018-09-07
    🔒
    Charge registered #2
    Lender: State Bank of India
  25. 2018-09-07
    🔒
    Charge registered #1
    Lender: State Bank of India
  26. 2018-03-06
    🏢
    Company incorporated
    As PDF PROPERTY LIMITED
  27. 2018-03-06
    FRENCH, Paul David appointed
    director
  28. 2018-03-06
    📄
    incorporation-company
    incorporation · NEWINC

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 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 · 1 low
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.

5 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 Paul David French
Individual · British · DOB 03/1980 · age 46
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/03/2018

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

8 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
Incorporated2018-03-06
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Dale House 64 Fink Hill
Horsforth
Leeds
LS18 4DH
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (1 active · 0 resigned)

FRENCH, Paul David
director · ~46y · appointed 2018-03-06
View their other companies + combined net worth →
Active

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

Mortgages & charges

7
Total charges
5
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Lloyds Banking Group
Tsb Bank PLC
A registered charge1 property30/03/2022
outstanding
Lloyds Banking Group
Tsb Bank PLC
A registered charge1 property30/03/2022
outstanding
Lloyds Banking Group
Tsb Bank PLC
A registered charge1 property30/03/2022
outstanding
Lloyds Banking Group
Tsb Bank PLC
A registered charge1 property30/03/2022
outstanding
Lloyds Banking Group
Tsb Bank PLC
A registered charge14/03/2022
satisfied
State Bank of India
A registered charge1 property07/09/201815/08/2022
satisfied
State Bank of India
A registered charge1 property07/09/201815/08/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-17
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-24