02023610 LIMITED

💤Zombieactive
02023610 · ltd · incorporated 1986-05-28
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
59/100
Worth a look
🔔
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What this business does
Primary activity: SIC 4545
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 30/100. Strong seller-intent signal (63/100, director aged 78). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: low (46/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

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 (7 events)Click to expand
  1. 2017-05-03
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2017-05-03
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 1998-04-06
    SMITH, Linda Jane resigned
    director
  4. 1995-01-01
    📄
    selection-of-mortgage-documents-registered-before-January-1995
    historical · PRE95M
  5. 1995-01-01
    📄
    selection-of-documents-registered-before-January-1995
    historical · PRE95
  6. 1987-01-01
    📄
    selection-of-documents-registered-before-January-1987
    historical · PRE87
  7. 1986-05-28
    🏢
    Company incorporated
    As 02023610 LIMITED

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

85/100
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 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2003-10-31

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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.

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🔒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.

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Company details

Statusactive
Typeltd
Incorporated1986-05-28
Jurisdictionengland-wales
Primary SIC4545 — SIC 4545

Registered office

Unit 1
Longbridge Meadow
Station Road
Cullompton Devon
EX15 1BT

Filing status

Accounts
Next due: 2003-10-31OVERDUE
Last made up to:
Confirmation statement
Next due:
Last:

Officers (2 active · 1 resigned)

SMITH, Linda Jane
secretary
View their other companies + combined net worth →
Active
SMITH, Geoffrey Harold
director · ~78y
View their other companies + combined net worth →
Active
SMITH, Linda Jane
director · ~77y · resigned 1998-04-06
Resigned

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

Recent filings (5 total)

restoration-order-of-court
restoration · AC92
2017-05-03
certificate-change-of-name-company
change-of-name · CERTNM
2017-05-03
selection-of-mortgage-documents-registered-before-January-1995
historical · PRE95M
1995-01-01
selection-of-documents-registered-before-January-1995
historical · PRE95
1995-01-01
selection-of-documents-registered-before-January-1987
historical · PRE87
1987-01-01