PADRINO LIMITED
Company number 06612186 · Monitor this company
Executive summary
PadRino Limited operates as a freehold-owning residents' property management company in Ipswich, a structure that distinguishes it from the typical RMC model of cost-recovery without asset ownership. Its financial trajectory shows consistent net asset growth from £57,459 to £90,813 over eight years, with the latest period delivering a significant improvement in working capital by eliminating the bank overdraft. However, the accumulated P&L reserve of £50,813—representing over 55% of net assets—raises questions about service charge levels relative to expenditure, particularly given the fully depreciated fixtures and fittings that suggest limited reinvestment in the physical asset. The company's niche position provides asset-backed stability, but upcoming leasehold reform legislation and sector-wide pressure for service charge transparency may challenge its current operating model.
Shareholders' funds
£95,083
Balance sheet as at 2026-03-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 2008-06-05
- Employees
- 1 (2026 accounts)
- Registered office
- 72 Avondale Road, Ipswich, Suffolk, IP3 9JZ
- Postcode
- IP3 9JZ
- Capital
- 40,000 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2026-03-30
- Next due by
- 2027-12-30
- Financial year end
- 30 March
Confirmation statement
- Last statement dated
- 2026-03-31
- Next due by
- 2027-04-14
Nature of business (SIC)
- 98000 Residents property management
Officers 2 current · 4 resigned
Previous company names
| Name | Date changed |
|---|---|
| BIDEAWHILE 592 LIMITED | 2008-07-17 |
Previous registered addresses 2
| Address | Changed on |
|---|---|
| BIRKETTS LLP, 24-26 MUSEUM STREET, IPSWICH, SUFFOLK, IP1 1HZ | 2008-07-23 |
| GISTERED OFFICE CHANGED ON 23/07/2008 FROM, BIRKETTS LLP, 24-26 MUSEUM STREET, IPSWICH, SUFFOLK, IP1 1HZ | 2008-07-23 |
Among its peers
Top 5%
by shareholders' funds, of 699 similar companies in IP
Trading since 2008.
No.18 of the largest residents property management companies in Ipswich →
Competitors Ipswich
This company ranks 18 among residents property management in Ipswich.
The class of 2008
82%
of the 2,642 companies in this sector incorporated in 2008 are still active today; 17% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Freehold
- 1
- Most recent registration
- 2009-01-29
- Where
- Suffolk
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| SK312512 | Suffolk | Freehold | 2009-01-29 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.