ALMAN LIMITED

💤Zombieactive
02617904 · ltd · incorporated 1991-06-06
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 Dec 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 46760
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 75/100. Strong seller-intent signal (78/100, director aged 69). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 16.7y

45/100
under pressure

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

  • · Oldest live charge is 16.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 6 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees00

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
3
filings
  • 3 address
Last 180 days
4
filings
  • 3 address
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (46 events)Click to expand
  1. 2026-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-02-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-05
    DRURY, Samantha Louise resigned
    director
  6. 2025-10-01
    GHOSH, Susmita resigned
    director
  7. 2025-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2025-05-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2025-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2025-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2025-03-13
    📄
    auditors-resignation-company
    auditors · AUD
  13. 2024-12-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2024-11-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2024-11-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2024-11-01
    DRURY, Samantha Louise appointed
    director
  17. 2024-11-01
    GHOSH, Sourin resigned
    director
  18. 2024-02-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2023-12-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  20. 2022-09-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  21. 2021-10-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2021-09-22
    GHOSH, Sourin appointed
    director
  23. 2021-09-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  24. 2020-07-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  25. 2013-12-11
    🔓
    Charge satisfied #1
  26. 2012-02-01
    GHOSH, Susmita appointed
    director
  27. 2009-10-20
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  28. 2008-04-21
    MEW, Richard appointed
    secretary
  29. 2008-04-21
    SMITH, Geoffrey Philip resigned
    secretary
  30. 1994-04-28
    SGI ENTERPRISES LIMITED resigned
    corporate-secretary
  31. 1994-02-28
    GHOSH, Sushovan appointed
    director
  32. 1994-02-28
    SMITH, Geoffrey Philip appointed
    secretary
  33. 1994-02-28
    MILLMAN LIMITED resigned
    corporate-secretary
  34. 1992-08-20
    SHAH, Dhimant Tarachand resigned
    secretary
  35. 1992-08-20
    MILLMAN LIMITED appointed
    corporate-secretary
  36. 1992-08-20
    SGI ENTERPRISES LIMITED appointed
    corporate-secretary
  37. 1992-08-20
    GHOSH, Sushovan resigned
    director
  38. 1992-08-20
    SHAH, Dhimant Tarachand resigned
    director
  39. 1991-06-18
    SHAH, Dhimant Tarachand appointed
    secretary
  40. 1991-06-18
    FIRST SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  41. 1991-06-18
    GHOSH, Sushovan appointed
    director
  42. 1991-06-18
    SHAH, Dhimant Tarachand appointed
    director
  43. 1991-06-18
    FIRST DIRECTORS LIMITED resigned
    corporate-nominee-director
  44. 1991-06-06
    🏢
    Company incorporated
    As ALMAN LIMITED
  45. 1991-06-06
    FIRST SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  46. 1991-06-06
    FIRST DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • 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 35 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med · 1 low
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-18

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: DRURY, Samantha Louise resigned 2025-12-05; GHOSH, Susmita resigned 2025-10-01

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Sushovan Ghosh
Individual · British · DOB 07/1957 · age 69
board controlboard 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

9 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
Incorporated1991-06-06
Jurisdictionengland-wales
Primary SIC46760 — SIC 46760

Registered office

Rolly Stone Cottage
Golf Club Road
Woking
Surrey
GU22 0LS
England

Filing status

Accounts
Next due: 2026-09-29
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-04-18OVERDUE
Last: 2025-04-04

Officers (2 active · 11 resigned)

MEW, Richard
secretary · appointed 2008-04-21
View their other companies + combined net worth →
Active
GHOSH, Sushovan
director · ~69y · appointed 1994-02-28
View their other companies + combined net worth →
Active
SHAH, Dhimant Tarachand
secretary · appointed 1991-06-18 · resigned 1992-08-20
Resigned
SMITH, Geoffrey Philip
secretary · appointed 1994-02-28 · resigned 2008-04-21
Resigned
FIRST SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1991-06-06 · resigned 1991-06-18
Resigned
MILLMAN LIMITED
corporate-secretary · appointed 1992-08-20 · resigned 1994-02-28
Resigned
SGI ENTERPRISES LIMITED
corporate-secretary · appointed 1992-08-20 · resigned 1994-04-28
Resigned
DRURY, Samantha Louise
director · ~35y · appointed 2024-11-01 · resigned 2025-12-05
Resigned
GHOSH, Sourin
director · ~37y · appointed 2021-09-22 · resigned 2024-11-01
Resigned
GHOSH, Sushovan
director · ~69y · appointed 1991-06-18 · resigned 1992-08-20
Resigned
GHOSH, Susmita
director · ~63y · appointed 2012-02-01 · resigned 2025-10-01
Resigned
SHAH, Dhimant Tarachand
director · ~65y · appointed 1991-06-18 · resigned 1992-08-20
Resigned
FIRST DIRECTORS LIMITED
corporate-nominee-director · appointed 1991-06-06 · resigned 1991-06-18
Resigned

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
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property20/10/200911/12/2013

Recent filings (111 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-05
termination-director-company-with-name-termination-date
officers · TM01
2026-02-04
termination-director-company-with-name-termination-date
officers · TM01
2025-10-01
accounts-with-accounts-type-small
accounts · AA
2025-09-26
accounts-with-accounts-type-small
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
auditors-resignation-company
auditors · AUD
2025-03-13
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-19
appoint-person-director-company-with-name-date
officers · AP01
2024-11-15
termination-director-company-with-name-termination-date
officers · TM01
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04