PART TWO DESIGN LIMITED

🌳Matureactive
NI621638 · ltd · incorporated 2013-11-25
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Specialised design activities
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees600600

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 confirmation-statement
Last 180 days
3
filings
  • • 2 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-23
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  2. 2026-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-03-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-03-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2017-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-03-18
    ➕
    WILLIS, Sebastian appointed
    director
  18. 2014-08-14
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  19. 2013-11-25
    🏢
    Company incorporated
    As PART TWO DESIGN LIMITED
  20. 2013-11-25
    ➕
    BENNINGTON, Catherine appointed
    director
  21. 2013-11-25
    ➕
    BENNINGTON, Ian appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Bennington
Individual · British · DOB 01/1960 · age 66
25–50%
—25-50% shares12/02/2026
Catherine Bennington
Individual · British · DOB 01/1960 · age 66
25–50%
—25-50% shares06/04/2016

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
Incorporated2013-11-25
Jurisdictionnorthern-ireland
Primary SIC74100 — Specialised design activities

Registered office

Studio A The Carnegie Building
121 Donegall Road
Belfast
BT12 5JL
Northern Ireland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (3 active · 0 resigned)

BENNINGTON, Catherine→
director · ~66y · appointed 2013-11-25
View their other companies + combined net worth →
Active
BENNINGTON, Ian→
director · ~66y · appointed 2013-11-25
View their other companies + combined net worth →
Active
WILLIS, Sebastian→
director · ~44y · appointed 2016-03-18
View their other companies + combined net worth →
Active

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
Northern Bank
Northern Bank Limited
A registered charge—14/08/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-04-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-21