PRAGMA PLANNING LIMITED

🌳Matureactive
NI059292 · ltd · incorporated 2006-05-09
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 May 2025
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Average employees0

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-02-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-02-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-05-05
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2022-05-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-05-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2022-04-14
    WORTHINGTON, Michael George appointed
    secretary
  10. 2022-04-14
    WORTHINGTON, Valerie resigned
    secretary
  11. 2022-01-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-01-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-03-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-05-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-07-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-07-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2017-06-02
    WORTHINGTON, George resigned
    director
  19. 2017-03-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2006-05-09
    🏢
    Company incorporated
    As PRAGMA PLANNING LIMITED
  21. 2006-05-09
    WORTHINGTON, David Robert Thomas appointed
    director
  22. 2006-05-09
    WORTHINGTON, Michael George appointed
    director
  23. 2006-05-09
    KANE, Dorothy May appointed
    secretary
  24. 2006-05-09
    KANE, Dorothy May resigned
    secretary
  25. 2006-05-09
    WORTHINGTON, Valerie appointed
    secretary
  26. 2006-05-09
    WORTHINGTON, George appointed
    director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

61/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-23

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Robert Thomas Worthington
Individual · British · DOB 01/1971 · age 55
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Michael George Worthington
Individual · British · DOB 01/1974 · age 52
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr George Worthingtonceased 02/06/2017· 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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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
Incorporated2006-05-09
Jurisdictionnorthern-ireland
Primary SIC99999 — SIC 99999

Registered office

Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Northern Ireland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-23OVERDUE
Last: 2025-05-09

Officers (3 active · 3 resigned)

WORTHINGTON, Michael George
secretary · appointed 2022-04-14
View their other companies + combined net worth →
Active
WORTHINGTON, David Robert Thomas
director · ~55y · appointed 2006-05-09
View their other companies + combined net worth →
Active
WORTHINGTON, Michael George
director · ~52y · appointed 2006-05-09
View their other companies + combined net worth →
Active
KANE, Dorothy May
secretary · appointed 2006-05-09 · resigned 2006-05-09
Resigned
WORTHINGTON, Valerie
secretary · appointed 2006-05-09 · resigned 2022-04-14
Resigned
WORTHINGTON, George
director · ~88y · appointed 2006-05-09 · resigned 2017-06-02
Resigned

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

Recent filings (54 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-dormant
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-28
accounts-with-accounts-type-dormant
accounts · AA
2024-02-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
accounts-with-accounts-type-dormant
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
appoint-person-secretary-company-with-name-date
officers · AP03
2022-05-05
change-person-director-company-with-change-date
officers · CH01
2022-05-05
termination-secretary-company-with-name-termination-date
officers · TM02
2022-05-05
accounts-with-accounts-type-dormant
accounts · AA
2022-01-11
accounts-with-accounts-type-dormant
accounts · AA
2021-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-21