PITFERN LTD
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 10.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 1400 | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (30 events)Click to expand
- 2025-04-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-21🔓Charge satisfied #2
- 2019-11-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-11-14🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2019-11-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-11-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-11-08🔓Charge satisfied #1
- 2019-10-31➖MACARTHUR, Albertina Wilson resigneddirector
- 2019-10-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-10-21🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2019-03-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-01-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-01-09➕PAPP, Reka appointeddirector
- 2019-01-09➖POWELL, Jacqueline resigneddirector
- 2017-08-12➖MACARTHUR, Alexander Donald resigneddirector
- 2017-07-10➕POWELL, Jacqueline appointeddirector
- 2016-03-29🔒Charge registered #2Lender: Santander UK PLC
- 2016-03-03🔒Charge registered #1Lender: Santander UK PLC
- 2016-01-14🏢Company incorporatedAs PITFERN LTD
- 2016-01-14➕MACARTHUR, Albertina Wilson appointeddirector
- 2016-01-14➕MACARTHUR, Alexander Donald appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Reka Papp Individual · Romanian · DOB 03/1984 · age 42 | 75–100% | — | 75-100% shares | 31/10/2019 |
1 historic (ceased) PSC
- Mr Alexander Donald Macarthurceased 31/10/2019· 50-75% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 14/11/2019 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 21/10/2019 | — | |
| satisfied | Santander Santander UK PLC | A registered charge | 1 property | 29/03/2016 | 21/03/2020 | |
| satisfied | Santander Santander UK PLC | A registered charge | — | 03/03/2016 | 08/11/2019 |