1972 STEEL LLP

💤Zombieactive
OC445611 · llp · incorporated 2023-01-31
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
68/100
Strong
🔔
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Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (74/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 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
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
85
Few red flags.
Signal strength
80
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

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 (10 events)Click to expand
  1. 2026-02-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-02-10
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-09-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-12
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  6. 2024-03-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2023-01-31
    🏢
    Company incorporated
    As 1972 STEEL LLP
  8. 2023-01-31
    BROWN, Paul, Mr. appointed
    llp-designated-member
  9. 2023-01-31
    PBSBT LIMITED appointed
    corporate-llp-designated-member
  10. 2023-01-31
    📄
    incorporation-limited-liability-partnership
    incorporation · LLIN01

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Pbsbt Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Pbsbt Limited
Corporate parent
1972 STEEL LLP
This company · OC445611

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
Mr. Paul Brown
Individual · British · DOB 12/1972 · age 54
control reported31/01/2023
Pbsbt Limited
Corporate entity
firm interest31/01/2023

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
Incorporated2023-01-31
Jurisdictionengland-wales
Primary SIC

Registered office

19 Primrose Way Stainton
Middlesbrough
Cleveland
TS8 9FH
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30

Officers (2 active · 0 resigned)

BROWN, Paul, Mr.
llp-designated-member · ~54y · appointed 2023-01-31
View their other companies + combined net worth →
Active
PBSBT LIMITED
corporate-llp-designated-member · appointed 2023-01-31
View their other companies + combined net worth →
Active

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

Recent filings (7 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-16
change-account-reference-date-limited-liability-partnership-previous-extended
accounts · LLAA01
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-03-05
incorporation-limited-liability-partnership
incorporation · LLIN01
2023-01-31