PILGRIM CAPITAL PARTNERS LTD

🌳Matureactive
SC434372 · ltd · incorporated 2012-10-09
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.00M
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 78-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,000,026
Net assets shrinking
Down £2,897 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.0m
~ YoY
Current Assets
£30k
↑ 1.6% YoY
Current Liabilities
—
£0£201k£401k£602k£802k£1.0mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£1.00M£1.01M
Current assets£29.7k£29.2k
Net assets£1.00M£1.00M

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-19
    ➖
    PETERKINS SERVICES LIMITED resigned
    corporate-secretary
  6. 2023-09-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2022-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-13
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2015-10-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-08-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-08-21
    ➕
    CUMMINGS, Tracey Angela appointed
    director
  18. 2013-06-12
    ➕
    CUMMINGS, James Cook appointed
    director
  19. 2013-06-12
    ➖
    ANDERSON, Philip Edward resigned
    director
  20. 2012-10-09
    🏢
    Company incorporated
    As PILGRIM CAPITAL PARTNERS LTD
  21. 2012-10-09
    ➕
    PETERKINS SERVICES LIMITED appointed
    corporate-secretary
  22. 2012-10-09
    ➕
    ANDERSON, Philip Edward appointed
    director

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Cook Cumming
Individual · British · DOB 12/1948 · age 78
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Typeltd
Incorporated2012-10-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

28 Mortonhall Road
Edinburgh
EH9 2HN
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (2 active · 2 resigned)

CUMMINGS, James Cook→
director · ~78y · appointed 2013-06-12
View their other companies + combined net worth →
Active
CUMMINGS, Tracey Angela→
director · ~61y · appointed 2014-08-21
View their other companies + combined net worth →
Active
PETERKINS SERVICES LIMITED→
corporate-secretary · appointed 2012-10-09 · resigned 2023-09-19
Resigned
ANDERSON, Philip Edward→
director · ~77y · appointed 2012-10-09 · resigned 2013-06-12
Resigned

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

Recent filings (38 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-15
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-19