ENGENERA PROJECT 3 LIMITED

🏛️Establishedactive
12344875 · ltd · incorporated 2019-12-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-88.9k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -65% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 6.5y

45/100
under pressure

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

  • · Oldest live charge is 6.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £88,910
Cash draining
Cash down 65% YoY
Cash YoY
-65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£100
↓ 65% YoY
Net Worth
-£89k
↓ 25% YoY
Current Assets
£17k
↑ 48% YoY
Current Liabilities
—
-£89k-£68k-£46k-£25k-£4k£17kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£35.7k£53.2k
Current assets£17.5k£11.8k
Cash£100£289
Debtors£17.4k£11.5k
Net assets£-88.9k£-71.4k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-03-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-02-20
    ➕
    CORMACK, Brian Robert appointed
    director
  6. 2024-02-20
    ➖
    MORRISON, Jamie Thomas Ford resigned
    director
  7. 2024-02-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-02-04
    ➖
    WAUGH, Wilfred Marshall resigned
    director
  9. 2023-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-08-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-08-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-12-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2020-12-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2020-12-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2020-12-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2020-12-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-12-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-11-30
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  21. 2020-11-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  22. 2020-10-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2020-10-12
    ➖
    GLENDINNING, Bryan resigned
    director
  24. 2020-10-12
    ➕
    MORRISON, Jamie Thomas Ford appointed
    director
  25. 2020-10-12
    ➕
    WAUGH, Wilfred Marshall appointed
    director
  26. 2020-01-06
    🔒
    Charge registered #1
    Lender: City Partnership Trustee Limited
  27. 2019-12-10
    ➕
    ENGENERA GREEN BONDS PLC appointed
    corporate-director
  28. 2019-12-02
    🏢
    Company incorporated
    As ENGENERA PROJECT 3 LIMITED
  29. 2019-12-02
    ➕
    GLENDINNING, Bryan appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Engenera Green Bonds Plc holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Engenera Green Bonds Plc
Corporate parent · holds 25-50% shares
significant stake
⬇
ENGENERA PROJECT 3 LIMITED
This company · 12344875

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Engenera Green Bonds Plc
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting02/12/2019
2 historic (ceased) PSCs
  • Mr Bryan Glendinningceased 01/07/2020· 25-50% shares · 25-50% voting
  • Mr Bryan Glendinningceased 12/12/2019· 25-50% shares · 25-50% voting · board control

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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————6y——
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2019-12-02
Jurisdictionengland-wales
Primary SIC66300 — Fund management activities

Registered office

4 Beech Ridge
Kinsbourne Green Lane
Harpenden
AL5 3NJ
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-15
Last: 2025-12-01

Officers (2 active · 3 resigned)

CORMACK, Brian Robert→
director · ~62y · appointed 2024-02-20
View their other companies + combined net worth →
Active
ENGENERA GREEN BONDS PLC→
corporate-director · appointed 2019-12-10
View their other companies + combined net worth →
Active
GLENDINNING, Bryan→
director · ~64y · appointed 2019-12-02 · resigned 2020-10-12
Resigned
MORRISON, Jamie Thomas Ford→
director · ~39y · appointed 2020-10-12 · resigned 2024-02-20
Resigned
WAUGH, Wilfred Marshall→
director · ~71y · appointed 2020-10-12 · resigned 2024-02-04
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
City Partnership Trustee
City Partnership Trustee Limited
A registered charge—06/01/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-31
appoint-person-director-company-with-name-date
officers · AP01
2024-03-20
termination-director-company-with-name-termination-date
officers · TM01
2024-03-08
termination-director-company-with-name-termination-date
officers · TM01
2024-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-20
change-person-director-company-with-change-date
officers · CH01
2021-08-11