HGCAPITAL LLP

💤Zombieactive

OC301825 · llp · incorporated 2002-03-26

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

—

not disclosed

Net worth

—

book net assets

Opportunity

70/100

Strong

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Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

22 live charges · 7 lenders · oldest 19.6y

15/100

under pressure

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

· Oldest live charge is 19.6 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

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

Company profile

address, no SIC, incorporation date

Financials

No iXBRL financials extracted

Lenders & charges

22 charges (22/22 with lender, 22/22 with type)

Directors & officers

62 officers (12 active, 62 linked, 58 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

278 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts
• 1 officers

Counts from Companies House filing history.

Corporate timeline (181 events)Click to expand

2026-04-01
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-12-20
📄
accounts-with-accounts-type-full
accounts · AA
2025-12-15
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-03-31
➖
MARRIOTT-SIMS, Dawn resigned
llp-member
2025-03-24
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-11-27
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-02
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-12-16
📄
accounts-with-accounts-type-full
accounts · AA
2023-04-19
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-04-17
➖
HANSEN, Mads Peter resigned
llp-member
2023-03-27
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-12-12
📄
accounts-with-accounts-type-group
accounts · AA
2022-11-04
📄
notification-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC02
2022-11-04
📄
withdrawal-of-a-person-with-significant-control-statement-limited-liability-partnership
persons-with-significant-control · LLPSC09
2022-11-03
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2022-11-03
📄
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2022-11-03
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2022-10-31
➕
GROUP HOLDCO 1 LIMITED appointed
corporate-llp-member
2022-10-31
➕
SECOND MEMBER (UK) LIMITED appointed
corporate-llp-member
2022-10-31
➖
DOGMER4 LIMITED resigned
corporate-llp-member
2022-04-08
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-04-01
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2022-03-31
➖
LUCKOCK, Nicholas Charles resigned
llp-member
2021-12-30
📄
accounts-with-accounts-type-group
accounts · AA
2021-04-06
📄
accounts-with-accounts-type-group
accounts · AA
2021-03-29
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-03-05
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2021-03-05
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2021-02-26
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2021-02-25
➖
HANSEN, Mads Peter resigned
llp-member
2021-02-25
➖
LE HURAY, Martin Guy resigned
llp-member
2021-01-06
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2020-12-31
➖
DONNER, Richard Philip Webber resigned
llp-member
2020-10-06
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2020-10-02
➖
GOOD, Amanda Fulmor resigned
llp-member
2020-07-20
🔓
Charge satisfied #22
2020-07-20
🔓
Charge satisfied #21
2020-07-20
🔓
Charge satisfied #20
2020-07-20
🔓
Charge satisfied #19
2020-07-20
🔓
Charge satisfied #18
2020-07-20
🔓
Charge satisfied #17
2020-07-20
🔓
Charge satisfied #16
2020-07-20
🔓
Charge satisfied #15
2020-07-20
🔓
Charge satisfied #14
2019-05-31
➖
ROMBERG, Kai resigned
llp-member
2019-04-01
➕
BRIAN, Jean-Baptiste Vincent Roger Robert appointed
llp-member
2019-04-01
➕
MARRIOTT-SIMS, Dawn appointed
llp-member
2019-03-31
➖
ROURKE, Matthew Joseph, Mr. resigned
llp-member
2019-02-27
➕
LE HURAY, Martin Guy appointed
llp-member
2019-01-07
➕
HANSEN, Mads Peter appointed
llp-member

Showing most recent 50 of 181 events

Owner dependency

50/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100

Moderate signal

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

SIGNALS

secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Group Holdco 1 Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Group Holdco 1 Limited

Corporate parent

⬇

HGCAPITAL LLP

This company · OC301825

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Group Holdco 1 Limited Corporate entity	—	—	sig. influencesignificant influence	31/10/2022

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

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12 PARK HALL ROAD LIMITED→ 02666926 · est 1991 · no financials extracted	—	—	—	—	34y	—	—
121 CHARLTON CHURCH LANE LIMITED→ 10866929 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
122 BURNT ASH HILL RTM COMPANY LTD→ 13570088 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
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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

Typellp

Incorporated2002-03-26

Jurisdictionengland-wales

Primary SIC—

Registered office

2 More London Riverside

London

SE1 2AP

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-07

Last: 2026-03-24