COVENANT CARE SUPPORT LLP

💤Zombieactive
OC309614 · llp · incorporated 2004-10-15
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 Feb 2025
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 21.4y

45/100
under pressure

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

  • · Oldest live charge is 21.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Company profile
address, no SIC, incorporation date
80
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
4 officers (2 active, 4 linked, 4 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
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
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£7k£14k£21k£28k£35kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Current assets£35.0k
Debtors£35.0k£35.0k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-11-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-05-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2022-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2021-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  11. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  13. 2020-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-05-14
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2019-01-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-10-16
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  17. 2018-10-08
    GILMORE, Jennifer Margaret resigned
    llp-designated-member
  18. 2018-07-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2017-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2017-05-11
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  21. 2016-11-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2016-05-12
    📄
    annual-return-limited-liability-partnership-with-made-up-date
    annual-return · LLAR01
  23. 2015-11-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2015-05-18
    📄
    annual-return-limited-liability-partnership-with-made-up-date
    annual-return · LLAR01
  25. 2014-11-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2014-06-11
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  27. 2013-09-02
    GILMORE, Bruce John resigned
    llp-designated-member
  28. 2005-02-16
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  29. 2004-10-15
    🏢
    Company incorporated
    As COVENANT CARE SUPPORT LLP
  30. 2004-10-15
    GILLESPIE, Rosemary Joy appointed
    llp-designated-member
  31. 2004-10-15
    GILLESPIE, William Gilbert appointed
    llp-designated-member
  32. 2004-10-15
    GILMORE, Bruce John appointed
    llp-designated-member
  33. 2004-10-15
    GILMORE, Jennifer Margaret appointed
    llp-designated-member

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 22 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: 2026-05-25

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr William Gilbert Gillespie
Individual · British · DOB 06/1953 · age 73
sig. influencesignificant influence06/04/2016

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

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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
Typellp
Incorporated2004-10-15
Jurisdictionengland-wales
Primary SIC

Registered office

The Wheelhouse
Linden Hill
Wellington
Somerset
TA21 0DW

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-25OVERDUE
Last: 2025-05-11

Officers (2 active · 2 resigned)

GILLESPIE, Rosemary Joy
llp-designated-member · ~71y · appointed 2004-10-15
View their other companies + combined net worth →
Active
GILLESPIE, William Gilbert
llp-designated-member · ~73y · appointed 2004-10-15
View their other companies + combined net worth →
Active
GILMORE, Bruce John
llp-designated-member · ~61y · appointed 2004-10-15 · resigned 2013-09-02
Resigned
GILMORE, Jennifer Margaret
llp-designated-member · ~61y · appointed 2004-10-15 · resigned 2018-10-08
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
HSBC
Hsbc Bank PLC
Debenture1 property16/02/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-05-12
accounts-with-accounts-type-dormant
accounts · AA
2024-11-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2019-05-14
accounts-with-accounts-type-dormant
accounts · AA
2019-01-14