3L PROJECTS LIMITED LIABILITY PARTNERSHIP

💤Zombieactive
OC416512 · llp · incorporated 2017-03-22
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
£694.6k
book net assets
Opportunity
71/100
Strong
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (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

3 live charges · 3 lenders · oldest 6.3y

15/100
under pressure

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

  • · Oldest live charge is 6.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £694,603
Cash YoY
+34%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 34% YoY
Net Worth
£695k
↑ 6.8% YoY
Current Assets
£18k
↑ 5.5% YoY
Current Liabilities
£0£139k£278k£417k£556k£695kMar 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
Total assets£1.50M£1.45M
Current assets£18.0k£17.1k
Cash£2.9k£2.2k
Debtors£15.1k£14.9k
Net assets£694.6k£650.2k

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
1
filing
  • 1 confirmation-statement
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-31
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2026-02-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  3. 2026-02-05
    🔒
    Charge registered #3
    Lender: Aldermore Bank PLC
  4. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-04-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2022-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-03-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2021-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2021-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  15. 2021-01-22
    🔒
    Charge registered #2
    Lender: Paragon Bank PLC
  16. 2020-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-03-31
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2020-01-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  19. 2020-01-15
    🔒
    Charge registered #1
    Lender: Keystone Property Finance Limited
  20. 2019-11-05
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  21. 2019-11-05
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  22. 2019-11-05
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  23. 2019-11-05
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  24. 2019-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2019-04-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  26. 2019-03-13
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  27. 2018-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2018-05-03
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  29. 2017-03-22
    🏢
    Company incorporated
    As 3L PROJECTS LIMITED LIABILITY PARTNERSHIP
  30. 2017-03-22
    KENYON, Andrew John appointed
    llp-designated-member
  31. 2017-03-22
    TIPPETT, Wendy Patricia appointed
    llp-designated-member

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

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

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
Mrs Wendy Patricia Tippett
Individual · British · DOB 04/1960 · age 66
25–50%25-50% voting22/03/2017
Mr Andrew John Kenyon
Individual · British · DOB 05/1958 · age 68
25–50%25-50% voting22/03/2017

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
Incorporated2017-03-22
Jurisdictionengland-wales
Primary SIC

Registered office

3 Elliston Road
Redland
Bristol
BS6 6QF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-04
Last: 2026-03-21

Officers (2 active · 0 resigned)

KENYON, Andrew John
llp-designated-member · ~68y · appointed 2017-03-22
View their other companies + combined net worth →
Active
TIPPETT, Wendy Patricia
llp-designated-member · ~66y · appointed 2017-03-22
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property05/02/2026
outstanding
Paragon
Paragon Bank PLC
A registered charge1 property22/01/2021
outstanding
Keystone Property Finance
Keystone Property Finance Limited
A registered charge1 property15/01/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-31
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2021-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-10
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-03-31