NETWORK PROJECTS LIMITED
Opportunity 60/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 64). 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 (65/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 36.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 36.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (77 events)Click to expand
- 2022-07-12📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2022-07-12🏁Company dissolved
- 2022-04-26📄gazette-notice-voluntarygazette · GAZ1(A)
- 2022-04-19📄dissolution-application-strike-off-companydissolution · DS01
- 2022-04-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-07-21🔓Charge satisfied #1
- 2021-07-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-07-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-07-13🔓Charge satisfied #4
- 2021-07-13🔓Charge satisfied #3
- 2021-05-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-01➕GREENFIELD, Stuart Peter appointeddirector
- 2021-05-01➖ROUSE, Simon Paul resigneddirector
- 2021-04-04📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2021-04-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-03-15➕IEG LIMITED appointedcorporate-secretary
- 2021-03-15➖PRISM COSEC LIMITED resignedcorporate-secretary
- 2020-10-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-09-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-09-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-01➕QUINT, Daniel Simon appointeddirector
- 2020-08-31➖BOWLER, Jonathan resigneddirector
- 2020-08-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-08-04📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2020-08-01➖GORMLEY, Philip Andrew resignedsecretary
- 2020-08-01➕PRISM COSEC LIMITED appointedcorporate-secretary
- 2020-07-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-06-26🔒Charge registered #4Lender: Hsbc Corporate Trustee Company (UK) Limited (as Security Agent for the Beneficiaries)
- 2020-06-24📄memorandum-articlesincorporation · MA
- 2020-06-24📄resolutionresolution · RESOLUTIONS
- 2020-06-24📄memorandum-articlesincorporation · MA
- 2020-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-06-09➖PULLEN, Christopher Mark resigneddirector
- 2020-04-24➖LEWIS, Tracy resigneddirector
- 2020-03-11➕LEWIS, Tracy appointeddirector
- 2020-02-19➖GORMLEY, Philip Andrew resigneddirector
- 2020-01-18➕ROUSE, Simon Paul appointeddirector
- 2019-12-18➖WATTS, Michael Robert, Dr resigneddirector
- 2019-09-27➖COLLINS, Paul Simon resignedsecretary
- 2019-09-27➕GORMLEY, Philip Andrew appointedsecretary
- 2019-09-27➖COLLINS, Paul Simon resigneddirector
- 2019-09-27➕GORMLEY, Philip Andrew appointeddirector
- 2019-06-26🔒Charge registered #3Lender: Hsbc Corporate Trustee Company (UK) Limited in Its Capacity as Security Agent
- 2019-06-18➕BOWLER, Jonathan appointeddirector
- 2019-06-18➕COLLINS, Paul Simon appointeddirector
- 2018-07-10🔓Charge satisfied #2
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2022-07-12
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Peopleplus Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Peopleplus Group Limited Corporate entity | — | 75–100% | board control75-100% voting · board control | 06/04/2016 |
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 (0 active · 22 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent for the Beneficiaries) | A registered charge | 1 property | 26/06/2020 | 13/07/2021 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited in Its Capacity as Security Agent | A registered charge | 1 property | 26/06/2019 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Security Agent) | A registered charge | — | 06/06/2014 | 10/07/2018 | |
| satisfied | Provident Financial Group Provident Financial Group PLC | Deed of deposit of rent | 1 property | 15/02/1990 | 21/07/2021 |