10 OUT OF 10 PRODUCTIONS LTD

💤Zombieactive
02455157 · ltd · incorporated 1989-12-22
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 Mar 2025
Net worth
£304.5k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 34.7y

45/100
under pressure

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

  • · Oldest live charge is 34.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
97 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
70
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 · FRS 102
Positive net assets
Net assets £304,484
Cash YoY
+8%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£45k
↑ 8.1% YoY
Net Worth
£304k
~ YoY
Current Assets
£225k
↓ 10% YoY
Current Liabilities
—
£0£61k£122k£183k£244k£304kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£351.7k£359.5k
Current assets£225.2k£250.5k
Cash£45.1k£41.7k
Debtors£169.6k£198.5k
Net assets£304.5k£302.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (24 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-02-12
    ➖
    KITCHEN, Jem resigned
    secretary
  3. 2025-02-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-12-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-02-25
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  10. 2021-02-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2020-01-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-05-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-12-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-12-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-02-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-12-23
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  18. 2002-01-15
    ➖
    MUDD, Saul resigned
    director
  19. 1999-03-01
    ➖
    NEED, Paul James resigned
    secretary
  20. 1998-12-17
    ➕
    KITCHEN, Jem appointed
    secretary
  21. 1993-01-01
    ➖
    MUDD, Saul resigned
    secretary
  22. 1993-01-01
    ➕
    NEED, Paul James appointed
    secretary
  23. 1991-08-14
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  24. 1989-12-22
    🏢
    Company incorporated
    As 10 OUT OF 10 PRODUCTIONS LTD

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Paul James Need
Individual · British · DOB 02/1964 · age 62
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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 →

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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
Incorporated1989-12-22
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

Mia Casa
North Pool Road
Redruth
TR15 3JQ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-01
Last: 2025-12-18

Officers (1 active · 4 resigned)

NEED, Paul James→
director · ~62y
View their other companies + combined net worth →
Active
KITCHEN, Jem→
secretary · appointed 1998-12-17 · resigned 2025-02-12
Resigned
MUDD, Saul→
secretary · resigned 1993-01-01
Resigned
NEED, Paul James→
secretary · appointed 1993-01-01 · resigned 1999-03-01
Resigned
MUDD, Saul→
director · ~60y · resigned 2002-01-15
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property23/12/2011—
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property14/08/1991—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (97 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-22
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2021-02-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-18