132 SH LLP

💤Zombieactive
OC386074 · llp · incorporated 2013-06-24
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 Mar 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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Investor take
Pursue
Active 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 10.6y

15/100
under pressure

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

  • · Oldest live charge is 10.6 years old — likely at or near maturity.
  • · 4 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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-03
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2025-06-30
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  4. 2025-05-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-05-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-06-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-09-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  10. 2023-09-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  11. 2023-09-15
    🔒
    Charge registered #5
    Lender: Bramhall Commercial 2 Limited
  12. 2023-09-15
    🔒
    Charge registered #4
    Lender: Bramhall Commercial 2 Limited
  13. 2023-07-17
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2023-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-07-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2022-07-05
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC02
  17. 2022-07-05
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  18. 2022-07-05
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  19. 2022-07-05
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  20. 2022-07-05
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  21. 2022-07-05
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  22. 2022-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-07-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  24. 2021-06-07
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  25. 2021-06-07
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  26. 2021-06-07
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  27. 2021-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2019-08-15
    🔒
    Charge registered #3
    Lender: Stoneygate 2007 Limited
  29. 2018-03-01
    ➕
    WEST OF ENGLAND DEVELOPMENTS LTD appointed
    corporate-llp-designated-member
  30. 2018-03-01
    ➖
    VANTREEN, Edward John resigned
    llp-designated-member
  31. 2016-10-20
    🔒
    Charge registered #2
    Lender: Cambridge & Counties Bank Limited
  32. 2016-05-16
    ➕
    HISLEY PROPERTY DEVELOPMENTS LTD appointed
    corporate-llp-designated-member
  33. 2016-05-16
    ➖
    VANTREEN, Stephen resigned
    llp-designated-member
  34. 2016-03-31
    ➖
    WANDERING BULL LLP resigned
    corporate-llp-member
  35. 2015-09-29
    🔒
    Charge registered #1
    Lender: Westfoot Investments Limited
  36. 2015-06-23
    ➖
    BULL, Pollyanna Clare resigned
    llp-designated-member
  37. 2015-06-23
    ➖
    BULL, Quintin Gervase Dalglish resigned
    llp-designated-member
  38. 2015-06-23
    ➕
    VANTREEN, Edward John appointed
    llp-designated-member
  39. 2015-06-23
    ➕
    VANTREEN, Stephen appointed
    llp-designated-member
  40. 2013-06-24
    🏢
    Company incorporated
    As 132 SH LLP
  41. 2013-06-24
    ➕
    BULL, Pollyanna Clare appointed
    llp-designated-member
  42. 2013-06-24
    ➕
    BULL, Quintin Gervase Dalglish appointed
    llp-designated-member
  43. 2013-06-24
    ➕
    WANDERING BULL LLP appointed
    corporate-llp-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

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
West Of England Developments Limited
Corporate parent
🏛️
Hisley Property Developments Ltd
Corporate parent
⬇
132 SH LLP
This company · OC386074

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
West Of England Developments Limited
Corporate entity
—25–50%25-50% voting23/06/2016
Hisley Property Developments Ltd
Corporate entity
—25–50%25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Edward John Vantreenceased 23/06/2016· 25-50% voting

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
Incorporated2013-06-24
Jurisdictionengland-wales
Primary SIC—

Registered office

Aston House
Cornwall Avenue
London
N3 1LF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-08
Last: 2025-06-24

Officers (2 active · 5 resigned)

HISLEY PROPERTY DEVELOPMENTS LTD→
corporate-llp-designated-member · appointed 2016-05-16
View their other companies + combined net worth →
Active
WEST OF ENGLAND DEVELOPMENTS LTD→
corporate-llp-designated-member · appointed 2018-03-01
View their other companies + combined net worth →
Active
BULL, Pollyanna Clare→
llp-designated-member · ~49y · appointed 2013-06-24 · resigned 2015-06-23
Resigned
BULL, Quintin Gervase Dalglish→
llp-designated-member · ~52y · appointed 2013-06-24 · resigned 2015-06-23
Resigned
VANTREEN, Edward John→
llp-designated-member · ~40y · appointed 2015-06-23 · resigned 2018-03-01
Resigned
VANTREEN, Stephen→
llp-designated-member · ~77y · appointed 2015-06-23 · resigned 2016-05-16
Resigned
WANDERING BULL LLP→
corporate-llp-member · appointed 2013-06-24 · resigned 2016-03-31
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Bramhall Commercial 2
Bramhall Commercial 2 Limited
A registered charge2 properties15/09/2023—
outstanding
Bramhall Commercial 2
Bramhall Commercial 2 Limited
A registered charge2 properties15/09/2023—
outstanding
Stoneygate 2007
Stoneygate 2007 Limited
A registered charge2 properties15/08/2019—
outstanding
Cambridge & Counties
Cambridge & Counties Bank Limited
A registered charge1 property20/10/2016—
outstanding
Westfoot Investments
Westfoot Investments Limited
A registered charge2 properties29/09/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-07-03
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2025-06-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-28
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-09-28
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-09-25
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-07-06
notification-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC02
2022-07-05
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2022-07-05