4 PENNI LTD

🌳Matureactive
03048804 · ltd · incorporated 1995-04-24
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£146.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle with a 84-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 84). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 30.4y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 30.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £146,701
Net assets shrinking
Down £13,145 YoY
Cash YoY
-18%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£170k
↓ 18% YoY
Net Worth
£147k
↓ 8.2% YoY
Current Assets
£203k
↓ 15% YoY
Current Liabilities
—
£0£48k£96k£144k£192k£240kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£147.0k£160.0k
Current assets£203.4k£239.6k
Cash£169.9k£207.3k
Debtors£33.5k£32.3k
Net assets£146.7k£159.8k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-01-01
    ➖
    MORGAN, Michael Paul resigned
    director
  5. 2023-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2021-12-07
    ➕
    MORGAN, Michael Paul appointed
    director
  9. 2021-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-09-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  15. 2016-09-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2016-07-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-08-21
    🔓
    Charge satisfied #2
  19. 2008-08-21
    🔓
    Charge satisfied #1
  20. 2002-09-10
    ➕
    MORGAN, Christine Hazel appointed
    director
  21. 2002-09-10
    ➖
    BARTON, Alan resigned
    director
  22. 2001-09-12
    ➕
    MORGAN, Christine Hazel appointed
    secretary
  23. 2001-09-12
    ➖
    HARRISON, Anthony resigned
    secretary
  24. 2001-09-12
    ➖
    HARRISON, Anthony resigned
    director
  25. 2001-09-12
    ➖
    HARRISON, Philip resigned
    director
  26. 2001-08-14
    ➕
    MORGAN, Michael David Rowley appointed
    director
  27. 2000-09-05
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  28. 1995-11-24
    🔒
    Charge registered #1
    Lender: Alex Lawrie Receivables Financing Limited
  29. 1995-06-28
    ➕
    HARRISON, Anthony appointed
    secretary
  30. 1995-06-28
    ➖
    HARRISON, Irene Lesley resigned
    nominee-secretary
  31. 1995-06-28
    ➕
    BARTON, Alan appointed
    director
  32. 1995-06-28
    ➕
    HARRISON, Anthony appointed
    director
  33. 1995-06-28
    ➕
    HARRISON, Philip appointed
    director
  34. 1995-06-28
    ➖
    BUSINESS INFORMATION RESEARCH & REPORTING LIMITED resigned
    corporate-nominee-director
  35. 1995-04-24
    🏢
    Company incorporated
    As 4 PENNI LTD
  36. 1995-04-24
    ➕
    HARRISON, Irene Lesley appointed
    nominee-secretary
  37. 1995-04-24
    ➕
    BUSINESS INFORMATION RESEARCH & REPORTING LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 84 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael David Rowley Morgan
Individual · British · DOB 07/1942 · age 84
25–50%
—25-50% shares06/04/2016
Mrs Christine Hazel Morgan
Individual · British · DOB 12/1945 · age 81
25–50%
—25-50% shares06/04/2016

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
Typeltd
Incorporated1995-04-24
Jurisdictionengland-wales
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

17 Hawthorne Avenue
Willerby
Hull
HU10 6JQ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-08
Last: 2025-04-24

Officers (3 active · 7 resigned)

MORGAN, Christine Hazel→
secretary · appointed 2001-09-12
View their other companies + combined net worth →
Active
MORGAN, Christine Hazel→
director · ~81y · appointed 2002-09-10
View their other companies + combined net worth →
Active
MORGAN, Michael David Rowley→
director · ~84y · appointed 2001-08-14
View their other companies + combined net worth →
Active
HARRISON, Anthony→
secretary · appointed 1995-06-28 · resigned 2001-09-12
Resigned
HARRISON, Irene Lesley→
nominee-secretary · appointed 1995-04-24 · resigned 1995-06-28
Resigned
BARTON, Alan→
director · ~72y · appointed 1995-06-28 · resigned 2002-09-10
Resigned
HARRISON, Anthony→
director · ~71y · appointed 1995-06-28 · resigned 2001-09-12
Resigned
HARRISON, Philip→
director · ~62y · appointed 1995-06-28 · resigned 2001-09-12
Resigned
MORGAN, Michael Paul→
director · ~60y · appointed 2021-12-07 · resigned 2024-01-01
Resigned
BUSINESS INFORMATION RESEARCH & REPORTING LIMITED→
corporate-nominee-director · appointed 1995-04-24 · resigned 1995-06-28
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property05/09/200021/08/2008
satisfied
Alex Lawrie Receivables Financing
Alex Lawrie Receivables Financing Limited
First fixed and charge & floating charge1 property24/11/199521/08/2008

Recent filings (89 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
termination-director-company-with-name-termination-date
officers · TM01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
appoint-person-director-company-with-name-date
officers · AP01
2021-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-27