BARCLAYS COVERED BONDS LIMITED LIABILITY PARTNERSHIP
💤Zombieactive
OC332284 · llp · incorporated 2007-10-23
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
69/100
Strong
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
8 live charges · 6 lenders · oldest 18.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 0 with DOB)
70
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-07-24📄accounts-with-accounts-type-fullaccounts · AA
- 2026-02-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-11-12📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2025-11-03🔒Charge registered #8Lender: Citicorp Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01)
- 2025-09-03📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-24📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2025-07-24📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2025-02-14📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-09-20📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-08📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2024-02-02📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-02-01🔒Charge registered #7Lender: Citicorp Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01)
- 2023-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2023-02-15📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-12-02📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2022-12-02📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2022-08-10📄accounts-with-accounts-type-fullaccounts · AA
- 2022-02-14📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-09-16📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2021-09-01🔒Charge registered #6Lender: Citicorp Trustee Company Limited in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
- 2021-03-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-07-09📄accounts-with-accounts-type-fullaccounts · AA
- 2020-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2020-02-06📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-02-04🔒Charge registered #5Lender: Citicorp Trustee Company Limited in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01)
- 2019-07-03📄accounts-with-accounts-type-fullaccounts · AA
- 2019-02-14📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2018-07-12📄accounts-with-accounts-type-fullaccounts · AA
- 2018-04-01➕BARCLAYS BANK UK PLC appointedcorporate-llp-designated-member
- 2018-04-01➖BARCLAYS BANK PLC resignedcorporate-llp-designated-member
- 2015-05-06🔒Charge registered #4Lender: Citicorp Trustee Company Limited
- 2013-01-23🔒Charge registered #3Lender: Citicorp Trustee Company Limited
- 2008-07-02🔒Charge registered #2Lender: Citicorp Trustee Company Limited (Security Trustee)
- 2007-12-18🔒Charge registered #1Lender: Citicorp Trustee Company Limited as Security Trustee and Bond Trustee
- 2007-10-23🏢Company incorporatedAs BARCLAYS COVERED BONDS LIMITED LIABILITY PARTNERSHIP
- 2007-10-23➕CONGADALE LIMITED appointedcorporate-llp-designated-member
- 2007-10-23➕BARCLAYS BANK PLC appointedcorporate-llp-designated-member
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
40/100
Moderate signalSome 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
1 low8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️
Barclays Bank Uk Plc
Corporate parent
🏛️
Congadale Limited
Corporate parent
⬇
BARCLAYS COVERED BONDS LIMITED LIABILITY PARTNERSHIP
This company · OC332284
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Barclays Bank Uk Plc Corporate entity | — | 25–50% | 75-100% voting | 01/04/2018 |
Congadale Limited Corporate entity | — | 25–50% | 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Barclays Bank Plcceased 01/04/2018· 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 3AELECTRONICS LTD→ 16248860 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 5 PAK TRADERS LTD→ 13999407 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 67 MACAULAY ROAD FREEHOLD LIMITED→ 12109025 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 7024 LTD→ 10959922 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 71 REIGHTON ROAD MANAGEMENT COMPANY LIMITED→ 12784737 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 724 TOURISM TRAVEL AGENCY VIP TRANSFER LTD→ 16993792 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 74 KINGSWOOD ROAD RTM COMPANY LIMITED→ 11591533 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 75 MORPETH STREET LIMITED→ 09587002 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 75 SKINNER STREET RTM COMPANY LIMITED→ 15736626 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 77/79 CROYDON ROAD MANAGEMENT COMPANY LIMITED→ 11225946 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 7ALENT SCOUT LTD→ 14818609 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 7CLICK NETWORK LTD→ 14687765 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2007-10-23
Jurisdictionengland-wales
Primary SIC—
Registered office
1 Churchill Place
London
E14 5HP
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01
Officers (2 active · 1 resigned)
BARCLAYS BANK UK PLC→
Activecorporate-llp-designated-member · appointed 2018-04-01
View their other companies + combined net worth →
CONGADALE LIMITED→
Activecorporate-llp-designated-member · appointed 2007-10-23
View their other companies + combined net worth →
BARCLAYS BANK PLC→
Resignedcorporate-llp-designated-member · appointed 2007-10-23 · resigned 2018-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
8
Outstanding
6
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Citicorp Trustee Company as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) Citicorp Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) | A registered charge | — | 03/11/2025 | — | |
| outstanding | Citicorp Trustee Company as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) Citicorp Trustee Company Limited as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) | A registered charge | — | 01/02/2024 | — | |
| outstanding | Citicorp Trustee Company in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01) Citicorp Trustee Company Limited in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01) | A registered charge | — | 01/09/2021 | — | |
| outstanding | Citicorp Trustee Company in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) Citicorp Trustee Company Limited in Its Capacity as Security Trustee (As Defined in the Instrument Evidencing the Charge Accompanying This Form LLMR01) | A registered charge | — | 04/02/2020 | — | |
| outstanding | Citicorp Trustee Company Citicorp Trustee Company Limited | A registered charge | — | 06/05/2015 | — | |
| outstanding | Citicorp Trustee Company Citicorp Trustee Company Limited | Second supplemental deed of charge | 1 property | 23/01/2013 | — | |
| outstanding | Citicorp Trustee Company (Security Trustee) Citicorp Trustee Company Limited (Security Trustee) | Amended and restated deed of charge | 1 property | 02/07/2008 | — | |
| outstanding | Citicorp Trustee Company as Security Trustee and Bond Trustee Citicorp Trustee Company Limited as Security Trustee and Bond Trustee | Deed of charge | 1 property | 18/12/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (57 total)
accounts-with-accounts-type-full
accounts · AA
2026-07-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2025-11-12
accounts-with-accounts-type-full
accounts · AA
2025-09-03
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2025-07-24
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2025-07-24
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-02-14
accounts-with-accounts-type-full
accounts · AA
2024-09-20
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2024-02-08
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-02-02
accounts-with-accounts-type-full
accounts · AA
2023-10-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-02-15
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2022-12-02
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2022-12-02
accounts-with-accounts-type-full
accounts · AA
2022-08-10