CONVAR EUROPE LIMITED

💤Zombieactive
02697432 · ltd · incorporated 1992-03-16
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Agents specialised in the sale of other particular products
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
99 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
82
Few red flags.
Signal strength
90
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Average employees200200

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-09-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2000-02-18
    STIRLING SECRETARIAL SERVICES LTD appointed
    corporate-secretary
  17. 2000-02-18
    UNICORN NOMINEES LIMITED resigned
    corporate-secretary
  18. 1997-05-31
    HENSEL, Ralph Alexander appointed
    director
  19. 1997-05-31
    SCHULTZ, Armand resigned
    director
  20. 1996-06-10
    UNICORN COMPANY SERVICES LIMITED resigned
    corporate-secretary
  21. 1996-06-10
    UNICORN NOMINEES LIMITED appointed
    corporate-secretary
  22. 1994-06-20
    HENSEL, Ralph Alexander resigned
    director
  23. 1994-06-20
    SCHULTZ, Armand appointed
    director
  24. 1992-04-14
    UNICORN COMPANY SERVICES LIMITED appointed
    corporate-secretary
  25. 1992-04-13
    HENSEL, Ralph Alexander appointed
    director
  26. 1992-03-21
    PICTON, Karen resigned
    nominee-secretary
  27. 1992-03-21
    HASELDEN, Mary Elizabeth resigned
    nominee-director
  28. 1992-03-16
    🏢
    Company incorporated
    As CONVAR EUROPE LIMITED
  29. 1992-03-16
    PICTON, Karen appointed
    nominee-secretary
  30. 1992-03-16
    HASELDEN, Mary Elizabeth appointed
    nominee-director

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 29 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 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 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 low
Multiple registered office changes
low

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

Group structure

Convar Holdings Europe Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Convar Holdings Europe Ltd
Corporate parent · holds 75-100% shares
ultimate parent
CONVAR EUROPE LIMITED
This company · 02697432

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Convar Holdings Europe Ltd
Corporate entity
75100%
75-100% shares06/04/2016

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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BLANC TEXTILES AGENCY LTD
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12866087 · est 2020 · no financials extracted
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16436276 · est 2025 · no financials extracted
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05722421 · est 2006 · no financials extracted
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05033343 · est 2004 · no financials extracted
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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
Incorporated1992-03-16
Jurisdictionengland-wales
Primary SIC46180 — Agents specialised in the sale of other particular products

Registered office

Suite 131 80 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11

Officers (2 active · 6 resigned)

STIRLING SECRETARIAL SERVICES LTD
corporate-secretary · appointed 2000-02-18
View their other companies + combined net worth →
Active
HENSEL, Ralph Alexander
director · ~60y · appointed 1997-05-31
View their other companies + combined net worth →
Active
PICTON, Karen
nominee-secretary · appointed 1992-03-16 · resigned 1992-03-21
Resigned
UNICORN COMPANY SERVICES LIMITED
corporate-secretary · appointed 1992-04-14 · resigned 1996-06-10
Resigned
UNICORN NOMINEES LIMITED
corporate-secretary · appointed 1996-06-10 · resigned 2000-02-18
Resigned
HASELDEN, Mary Elizabeth
nominee-director · ~79y · appointed 1992-03-16 · resigned 1992-03-21
Resigned
HENSEL, Ralph Alexander
director · ~60y · appointed 1992-04-13 · resigned 1994-06-20
Resigned
SCHULTZ, Armand
director · ~93y · appointed 1994-06-20 · resigned 1997-05-31
Resigned

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

Recent filings (99 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
change-person-director-company-with-change-date
officers · CH01
2025-09-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16