2 BRITANNIA STREET MANAGEMENT COMPANY LIMITED

💤Zombieactive
11265559 · private-limited-guarant-nsc · incorporated 2018-03-20
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 Sept 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (69/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 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
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Very low cash
Cash position: £82

Key financials

1 year extracted from filed iXBRL accounts
Cash
£82
Net Worth
—
Current Assets
£6k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-30
Current assets£5.8k
Cash£82
Debtors£5.8k

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
2
filings
  • • 1 gazette
  • • 1 dissolution
Last 180 days
4
filings
  • • 1 gazette
  • • 1 dissolution
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-05-26
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-05-14
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-10-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2025-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-03-20
    🏢
    Company incorporated
    As 2 BRITANNIA STREET MANAGEMENT COMPANY LIMITED
  14. 2018-03-20
    ➕
    BATTENS SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  15. 2018-03-20
    ➕
    PENKETHMAN, Michael James appointed
    director
  16. 2018-03-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Michael James Penkethman
Individual · British · DOB 08/1964 · age 62
—75–100%board control75-100% voting · board control20/03/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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20 MPT (MANAGEMENT) LIMITED→
13168238 · est 2021 · no financials extracted
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22 PARK STREET BATH (MANAGEMENT) LIMITED→
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23 KS FROME MANAGEMENT LTD→
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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
Typeprivate-limited-guarant-nsc
Incorporated2018-03-20
Jurisdictionengland-wales
Primary SIC98000 — Residents property management

Registered office

C/O Battens Solicitors Limited, Maltravers House
Petters Way
Yeovil
BA20 1SH
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (2 active · 0 resigned)

BATTENS SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2018-03-20
View their other companies + combined net worth →
Active
PENKETHMAN, Michael James→
director · ~62y · appointed 2018-03-20
View their other companies + combined net worth →
Active

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

Recent filings (21 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-05-26
dissolution-application-strike-off-company
dissolution · DS01
2026-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
change-account-reference-date-company-previous-extended
accounts · AA01
2025-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23