CICOREL (LONDON) LIMITED

💤Zombieactive
00898362 · ltd · incorporated 1967-02-16
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 Apr 2025
Net worth
£1.04M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 60). 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 (73/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 32.2y

15/100
under pressure

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

  • · Oldest live charge is 32.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 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
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £1,040,607
Net assets shrinking
Down £27,651 YoY
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£171k
↑ 33% YoY
Net Worth
£1.0m
↓ 2.6% YoY
Current Assets
—
Current Liabilities
—
£0£214k£427k£641k£855k£1.1mApr 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
Cash£170.5k£127.9k
Net assets£1.04M£1.07M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-02-18
    🔓
    Charge satisfied #4
  4. 2025-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-11-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-01-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-09-29
    🔒
    Charge registered #5
    Lender: Lloyds Bank Commercial Finance Limited
  18. 2016-09-20
    🔓
    Charge satisfied #1
  19. 2009-07-30
    ➖
    CARR, Sarah Joanne resigned
    secretary
  20. 2009-06-08
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Bank PLC
  21. 2002-07-03
    🔓
    Charge satisfied #3
  22. 2002-07-03
    🔓
    Charge satisfied #2
  23. 2001-10-05
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  24. 2001-10-05
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  25. 2000-01-21
    ➖
    CARR, Sheila Elizabeth resigned
    director
  26. 1999-02-12
    ➖
    CARR, Val resigned
    director
  27. 1995-01-18
    ➕
    CARR, Sarah Joanne appointed
    secretary
  28. 1995-01-18
    ➖
    CARR, Sheila Elizabeth resigned
    secretary
  29. 1994-06-13
    ➕
    CARR, Stephen Robert appointed
    director
  30. 1994-05-09
    🔒
    Charge registered #1
    Lender: Royscot Trust PLC
  31. 1967-02-16
    🏢
    Company incorporated
    As CICOREL (LONDON) LIMITED

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • 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 59 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stephen Robert Carr
Individual · British · DOB 02/1966 · age 60
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Susanne Guy
Individual · British · DOB 09/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1967-02-16
Jurisdictionengland-wales
Primary SIC25620 — Machining

Registered office

Unit 3a Coldharbour Business Park
Sherborne
Dorset
DT9 4JW
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-20
Last: 2026-04-06

Officers (1 active · 4 resigned)

CARR, Stephen Robert→
director · ~60y · appointed 1994-06-13
View their other companies + combined net worth →
Active
CARR, Sarah Joanne→
secretary · appointed 1995-01-18 · resigned 2009-07-30
Resigned
CARR, Sheila Elizabeth→
secretary · resigned 1995-01-18
Resigned
CARR, Sheila Elizabeth→
director · ~92y · resigned 2000-01-21
Resigned
CARR, Val→
director · ~92y · resigned 1999-02-12
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance Limited
A registered charge—29/09/2016—
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed1 property08/06/200918/02/2025
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property05/10/200103/07/2002
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property05/10/200103/07/2002
satisfied
Royscot Trust
Royscot Trust PLC
Assignment1 property09/05/199420/09/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (115 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-27
change-person-director-company-with-change-date
officers · CH01
2023-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06