GROUNDWORK PROPERTY LIMITED
💤Zombieactive
11550726 · ltd · incorporated 2018-09-04
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 Dec 2024
Net worth
£371.4k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 66/100 (strong), bankability 57/100. 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
12 live charges · 6 lenders · oldest 5.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.6 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
12 charges (12/12 with lender, 12/12 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
Network not yet resolved
30
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →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 · accounting standard not declaredPositive net assets
Net assets £371,392
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
↓ 51% YoY
Net Worth
£371k
↑ 80% YoY
Current Assets
£23k
↓ 11% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.92M | £319.9k |
| Current assets | £22.6k | £25.3k |
| Cash | £2.6k | £5.3k |
| Debtors | £20.1k | £20.1k |
| Net assets | £371.4k | £206.2k |
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
- • 2 mortgage
Last 180 days
4
filings
- • 2 mortgage
- • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-03-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-09🔒Charge registered #12Lender: The Mortgage Works (UK) PLC
- 2026-03-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-03🔓Charge satisfied #1
- 2025-11-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-22🔓Charge satisfied #8
- 2023-06-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-30🔒Charge registered #11Lender: Onesavings Bank PLC
- 2023-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-24🔓Charge satisfied #5
- 2023-05-24🔓Charge satisfied #4
- 2023-05-19📄memorandum-articlesincorporation · MA
- 2023-05-19📄resolutionresolution · RESOLUTIONS
- 2023-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-05🔒Charge registered #10Lender: Onesavings Bank PLC
- 2023-02-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-24🔒Charge registered #9Lender: Shawbrook Bank Limited
- 2022-11-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-14🔒Charge registered #8Lender: Shawbrook Bank Limited
- 2022-08-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-10🔒Charge registered #7Lender: West One Secured Loans Limited
- 2022-04-06🔒Charge registered #6Lender: West One Secured Loans Limited
- 2021-12-21🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2021-12-21🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2021-12-03🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2021-02-10🔒Charge registered #2Lender: Lendinvest Btl Limited
- 2020-10-07🔒Charge registered #1Lender: Shawbrook Bank Limited
- 2018-09-04🏢Company incorporatedAs GROUNDWORK PROPERTY LIMITED
- 2018-09-04➕DELL, Stephanie Genesis appointeddirector
Owner dependency
80/100
Critical — business is the founderThe 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 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Stephanie Genesis Dell Individual · American · DOB 01/1990 · age 36 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/09/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Property · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LONSDALE RENTALS LIMITED→ 16747872 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| LORNATRAD LIMITED→ 14418706 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MADEN PROPERTY ASSETS LIMITED→ 12454662 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MADEN PROPERTY DEVELOPMENTS LTD→ 06894600 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| MAM RURAL LIMITED→ 11841439 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MARSHALL LEISURE LIMITED→ 00653223 · est 1960 · no financials extracted | — | — | — | — | 66y | — | — |
| MCCALL CAPITAL ASSETS LTD→ 05549811 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| MEADOW HILL DEVELOPMENTS LTD→ 13293127 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MEH PROPERTY LTD→ SC736872 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MEI PROPERTY MANAGEMENT LTD→ SC844588 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MELVILLE NURSERY LIMITED→ SC556782 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MERSE INVESTMENTS LTD→ 07393339 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
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
Incorporated2018-09-04
Jurisdictionengland-wales
Primary SIC68100 — Buying and selling of own real estate
Registered office
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-18
Last: 2025-12-04
Officers (1 active · 0 resigned)
DELL, Stephanie Genesis→
Activedirector · ~36y · appointed 2018-09-04
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
8
Outstanding
5
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 09/03/2026 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 30/05/2023 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 05/05/2023 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 3 properties | 24/02/2023 | — | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 14/11/2022 | 22/08/2023 | |
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 2 properties | 10/06/2022 | — | |
| outstanding | West One Secured Loans West One Secured Loans Limited | A registered charge | 2 properties | 06/04/2022 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 21/12/2021 | 24/05/2023 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 21/12/2021 | 24/05/2023 | |
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 03/12/2021 | — | |
| outstanding | LendInvest Lendinvest Btl Limited | A registered charge | 1 property | 10/02/2021 | — | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 07/10/2020 | 03/03/2026 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (40 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-10
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-02
change-person-director-company-with-change-date
officers · CH01
2025-11-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-02
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-24