PETALITE LIMITED
⚰️Wound downadministration
08987637 · ltd · incorporated 2014-04-09
Investment thesis
Company administration — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 7.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-5.29M
book net assets
Opportunity
50/100
Worth a look
What this business does
Primary activity: SIC 27200
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 50/100 (worth a look), bankability 60/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company status: administration. Company is in a formal insolvency or administration process. Treat accordingly. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 7.5y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 7.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 43/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (76/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 10 with DOB)
90
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £5,287,580
Key financials
1 year extracted from filed iXBRL accountsCash
£587k
Net Worth
-£5.3m
Current Assets
£1.2m
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Total assets | £-5.29M |
| Current assets | £1.24M |
| Cash | £587.4k |
| Debtors | £652.7k |
| Net assets | £-5.29M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
2
filings
- • 2 insolvency
Last 180 days
4
filings
- • 3 insolvency
- • 1 address
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-02-26⚠️liquidation-in-administration-result-creditors-meetinginsolvency · AM07
- 2026-02-04⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2025-12-15⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2025-12-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-12📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-08-07📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-08-06📄capital-allotment-sharescapital · SH01
- 2025-06-04📄capital-allotment-sharescapital · SH01
- 2025-06-03📄memorandum-articlesincorporation · MA
- 2025-06-03📄resolutionresolution · RESOLUTIONS
- 2025-06-02📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2025-06-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-26➕MEISTER, Robert Joseph appointeddirector
- 2025-02-04📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-01-10➖PURNELL, Leigh Nigel resigneddirector
- 2025-01-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-12➕JILLINGS, Charles David Owen appointeddirector
- 2024-11-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-30➖GROOCOCK, Jonathan Michael resigneddirector
- 2024-10-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-29➖PRESSAS, Stavros, Dr resigneddirector
- 2023-11-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-01➕UNWIN, Ashley appointeddirector
- 2023-11-01➖LI, Yanning, Dr resigneddirector
- 2020-05-19➖ADAMS, Stephen resigneddirector
- 2020-05-19➕GROOCOCK, Jonathan Michael appointeddirector
- 2019-03-18🔓Charge satisfied #1
- 2019-01-25➕LI, Yanning, Dr appointeddirector
- 2019-01-11➕MEAD, David Harry appointeddirector
- 2018-11-13➖YOUNG, Tim resigneddirector
- 2018-10-22🔒Charge registered #1Lender: Startup Funding Club Limited
- 2016-11-23➕ADAMS, Stephen appointeddirector
- 2016-11-23➕PRESSAS, Stavros, Dr appointeddirector
- 2016-11-23➕YOUNG, Tim appointeddirector
- 2014-04-09🏢Company incorporatedAs PETALITE LIMITED
- 2014-04-09➕PURNELL, Leigh Nigel appointeddirector
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
Red flags
2 high ·Company status: administration
highCompany is in a formal insolvency or administration process. Treat accordingly.
3 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-02-26: liquidation-in-administration-result-creditors-meeting; 2026-02-04: liquidation-in-administration-proposals
🔒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 →Similar companies
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Statusadministration
Typeltd
Incorporated2014-04-09
Jurisdictionengland-wales
Primary SIC27200 — SIC 27200
Registered office
2nd Floor 110 Cannon Street
London
EC4N 6EU
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-12
Last: 2025-06-28
Officers (4 active · 6 resigned)
JILLINGS, Charles David Owen→
Activedirector · ~71y · appointed 2024-11-12
View their other companies + combined net worth →
MEAD, David Harry→
Activedirector · ~65y · appointed 2019-01-11
View their other companies + combined net worth →
MEISTER, Robert Joseph→
Activedirector · ~38y · appointed 2025-03-26
View their other companies + combined net worth →
UNWIN, Ashley→
Activedirector · ~57y · appointed 2023-11-01
View their other companies + combined net worth →
ADAMS, Stephen→
Resigneddirector · ~62y · appointed 2016-11-23 · resigned 2020-05-19
GROOCOCK, Jonathan Michael→
Resigneddirector · ~49y · appointed 2020-05-19 · resigned 2024-10-30
LI, Yanning, Dr→
Resigneddirector · ~43y · appointed 2019-01-25 · resigned 2023-11-01
PRESSAS, Stavros, Dr→
Resigneddirector · ~73y · appointed 2016-11-23 · resigned 2023-11-29
PURNELL, Leigh Nigel→
Resigneddirector · ~39y · appointed 2014-04-09 · resigned 2025-01-10
YOUNG, Tim→
Resigneddirector · ~70y · appointed 2016-11-23 · resigned 2018-11-13
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Startup Funding Club Startup Funding Club Limited | A registered charge | — | 22/10/2018 | 18/03/2019 |
Recent filings (78 total)
liquidation-in-administration-result-creditors-meeting
insolvency · AM07
2026-02-26
liquidation-in-administration-proposals
insolvency · AM03
2026-02-04
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2025-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-12
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-08-12
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-08-07
capital-allotment-shares
capital · SH01
2025-08-06
capital-allotment-shares
capital · SH01
2025-06-04
memorandum-articles
incorporation · MA
2025-06-03
resolution
resolution · RESOLUTIONS
2025-06-03
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2025-06-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-15