PELHAM HOLDINGS TWO LIMITED

💤Zombieactive
02872646 · ltd · incorporated 1993-11-17
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 Dec 2024
Net worth
£15
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). 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 (73/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
19 officers (1 active, 19 linked, 13 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
144 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 £15
Net assets shrinking
Down £1 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£15
↓ 6.3% YoY
Current Assets
£14
↓ 6.7% YoY
Current Liabilities
£0£3£6£10£13£16Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£15£16
Current assets£14£15
Net assets£15£16

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 (55 events)Click to expand
  1. 2025-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-05-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-08-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-06-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-05-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-04-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-03-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2020-03-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2019-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-07-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-04-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2018-03-24
    CAMPBELL, Andy resigned
    secretary
  19. 2018-03-24
    CAMPBELL, Andy resigned
    director
  20. 2015-12-14
    CAMPBELL, Andy appointed
    director
  21. 2015-12-14
    INGALL, Michael Julian resigned
    director
  22. 2015-12-14
    LYELL, Stuart Paul resigned
    director
  23. 2012-04-05
    BELL, Martin resigned
    secretary
  24. 2012-04-05
    CAMPBELL, Andy appointed
    secretary
  25. 2011-12-13
    BELL, Martin appointed
    secretary
  26. 2011-12-13
    GORASIA, Suresh Premji resigned
    secretary
  27. 2011-07-15
    LYELL, Stuart Paul appointed
    director
  28. 2010-10-15
    ASHURST, John Richard resigned
    secretary
  29. 2010-10-15
    GORASIA, Suresh Premji appointed
    secretary
  30. 2006-07-26
    WARREN, Neil Ian resigned
    director
  31. 2006-07-25
    GARDNER, Richard Alan resigned
    director
  32. 2004-05-14
    ASHURST, John Richard appointed
    secretary
  33. 2004-05-14
    BOOTH, Peter James resigned
    secretary
  34. 2004-05-14
    BOOTH, Peter James resigned
    director
  35. 2004-04-30
    GARDNER, Richard Alan appointed
    director
  36. 2004-04-30
    WARREN, Neil Ian appointed
    director
  37. 2002-09-06
    STAPLETON, John resigned
    director
  38. 2002-08-16
    COLVERD, Robert Cecil resigned
    director
  39. 2001-12-31
    STANTON, Howard Terence resigned
    director
  40. 2000-04-27
    INGALL, Michael Julian appointed
    director
  41. 1998-11-26
    LEIGH, Geoffrey Norman, Sir resigned
    director
  42. 1993-12-06
    GRAHAM-WATSON, Frederick Paul appointed
    director
  43. 1993-12-06
    LEIGH, Geoffrey Norman, Sir appointed
    director
  44. 1993-12-06
    STANTON, Howard Terence appointed
    director
  45. 1993-12-02
    BOOTH, Peter James appointed
    secretary
  46. 1993-12-02
    POOLEY, Maureen resigned
    nominee-secretary
  47. 1993-12-02
    BOOTH, Peter James appointed
    director
  48. 1993-12-02
    COLVERD, Robert Cecil appointed
    director
  49. 1993-12-02
    MCGURK, Anthony Justin Gerard resigned
    nominee-director
  50. 1993-12-02
    POOLEY, Maureen resigned
    nominee-director
Showing most recent 50 of 55 events

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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 Michael Julian Ingall
Individual · British · DOB 12/1959 · age 67
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/03/2020
1 historic (ceased) PSC
  • Capital Debt Holdco Limitedceased 03/03/2020· 75-100% shares · 75-100% voting

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

8 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
Incorporated1993-11-17
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

C/O Allied London, Suite 1, Bonded Warehouse
18 Lower Byrom Street
Manchester
Greater Manchester
M3 4AP
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-17
Last: 2025-11-03

Officers (1 active · 18 resigned)

GRAHAM-WATSON, Frederick Paul
director · ~69y · appointed 1993-12-06
View their other companies + combined net worth →
Active
ASHURST, John Richard
secretary · appointed 2004-05-14 · resigned 2010-10-15
Resigned
BELL, Martin
secretary · appointed 2011-12-13 · resigned 2012-04-05
Resigned
BOOTH, Peter James
secretary · appointed 1993-12-02 · resigned 2004-05-14
Resigned
CAMPBELL, Andy
secretary · appointed 2012-04-05 · resigned 2018-03-24
Resigned
GORASIA, Suresh Premji
secretary · appointed 2010-10-15 · resigned 2011-12-13
Resigned
POOLEY, Maureen
nominee-secretary · appointed 1993-11-17 · resigned 1993-12-02
Resigned
BOOTH, Peter James
director · ~73y · appointed 1993-12-02 · resigned 2004-05-14
Resigned
CAMPBELL, Andy
director · ~50y · appointed 2015-12-14 · resigned 2018-03-24
Resigned
COLVERD, Robert Cecil
director · ~89y · appointed 1993-12-02 · resigned 2002-08-16
Resigned
GARDNER, Richard Alan
director · ~81y · appointed 2004-04-30 · resigned 2006-07-25
Resigned
INGALL, Michael Julian
director · ~67y · appointed 2000-04-27 · resigned 2015-12-14
Resigned
LEIGH, Geoffrey Norman, Sir
director · ~93y · appointed 1993-12-06 · resigned 1998-11-26
Resigned
LYELL, Stuart Paul
director · ~69y · appointed 2011-07-15 · resigned 2015-12-14
Resigned
MCGURK, Anthony Justin Gerard
nominee-director · ~65y · appointed 1993-11-17 · resigned 1993-12-02
Resigned
POOLEY, Maureen
nominee-director · ~80y · appointed 1993-11-17 · resigned 1993-12-02
Resigned
STANTON, Howard Terence
director · ~84y · appointed 1993-12-06 · resigned 2001-12-31
Resigned
STAPLETON, John
director · ~76y · appointed 1993-12-02 · resigned 2002-09-06
Resigned
WARREN, Neil Ian
director · ~79y · appointed 2004-04-30 · resigned 2006-07-26
Resigned

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

Recent filings (144 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-12
accounts-with-accounts-type-dormant
accounts · AA
2024-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-10
accounts-with-accounts-type-dormant
accounts · AA
2023-08-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-29
accounts-with-accounts-type-dormant
accounts · AA
2021-09-21
change-person-director-company-with-change-date
officers · CH01
2021-05-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-22