RUSSELLCROFT LLP

💤Zombieactive
OC325194 · llp · incorporated 2007-01-05
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 Dec 2024
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.1y

15/100
under pressure

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

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red 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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Average employees2000

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-01-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-09-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-01-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-09-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-01-08
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2023-09-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  7. 2023-09-12
    🔒
    Charge registered #4
    Lender: The Co-Operative Bank P.L.C.
  8. 2023-05-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2023-01-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2022-04-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-01-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2022-01-05
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  13. 2022-01-05
    🔓
    Charge satisfied #1
  14. 2021-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2021-07-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  16. 2021-07-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  17. 2021-06-25
    🔒
    Charge registered #3
    Lender: The Co-Operative Bank PLC (Cn: 00990937)
  18. 2021-06-25
    🔒
    Charge registered #2
    Lender: The Co-Operative Bank PLC (Cn: 00990937)
  19. 2021-01-26
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  20. 2021-01-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2020-10-20
    📄
    change-account-reference-date-limited-liability-partnership-current-shortened
    accounts · LLAA01
  22. 2020-10-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2020-01-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  24. 2020-01-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  25. 2020-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2020-01-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  27. 2019-12-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  28. 2019-01-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  29. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  30. 2007-05-25
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  31. 2007-01-05
    🏢
    Company incorporated
    As RUSSELLCROFT LLP
  32. 2007-01-05
    BARNES, Collette Annie appointed
    llp-designated-member
  33. 2007-01-05
    BARNES, Douglas Lawrence appointed
    llp-designated-member
  34. 2007-01-05
    QA NOMINEES LIMITED appointed
    corporate-llp-designated-member
  35. 2007-01-05
    QA NOMINEES LIMITED resigned
    corporate-llp-designated-member
  36. 2007-01-05
    QA REGISTRARS LIMITED appointed
    corporate-llp-designated-member
  37. 2007-01-05
    QA REGISTRARS LIMITED resigned
    corporate-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 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 Douglas Lawrence Barnes
Individual · British · DOB 06/1961 · age 65
25–50%25-50% voting06/04/2016
Mrs Collette Annie Barnes
Individual · British · DOB 06/1961 · age 65
25–50%25-50% voting06/04/2016

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
Incorporated2007-01-05
Jurisdictionengland-wales
Primary SIC

Registered office

10 Cheyne Walk
Northampton
NN1 5PT
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (2 active · 2 resigned)

BARNES, Collette Annie
llp-designated-member · ~65y · appointed 2007-01-05
View their other companies + combined net worth →
Active
BARNES, Douglas Lawrence
llp-designated-member · ~65y · appointed 2007-01-05
View their other companies + combined net worth →
Active
QA NOMINEES LIMITED
corporate-llp-designated-member · appointed 2007-01-05 · resigned 2007-01-05
Resigned
QA REGISTRARS LIMITED
corporate-llp-designated-member · appointed 2007-01-05 · resigned 2007-01-05
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Co-operative Bank
The Co-Operative Bank P.L.C.
A registered charge1 property12/09/2023
outstanding
Co-operative Bank
The Co-Operative Bank PLC (Cn: 00990937)
A registered charge1 property25/06/2021
outstanding
Co-operative Bank
The Co-Operative Bank PLC (Cn: 00990937)
A registered charge1 property25/06/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Mortgage1 property25/05/200705/01/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-01-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-08
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-09-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-09
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-14
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-01-07
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2022-01-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-28
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-07-13
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-07-08
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2021-01-26