16 BLACKWATER STREET LIMITED

💤Zombieactive
02713774 · ltd · incorporated 1992-05-12
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 2026
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), 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 (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-03-312025-03-31

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

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-05-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-11-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-01-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-04-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-08-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-04-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-03-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2020-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-10-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-11-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2017-06-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2015-04-14
    ➖
    SALKELD, John Arthur resigned
    secretary
  18. 2004-12-06
    ➖
    SALKELD, Adam John resigned
    secretary
  19. 2004-12-06
    ➕
    SALKELD, John Arthur appointed
    secretary
  20. 2004-12-06
    ➖
    SALKELD, Matthew John resigned
    director
  21. 1993-05-12
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  22. 1992-05-12
    🏢
    Company incorporated
    As 16 BLACKWATER STREET LIMITED
  23. 1992-05-12
    ➕
    SALKELD, Adam John appointed
    director
  24. 1992-05-12
    ➕
    SALKELD, Adam John appointed
    secretary
  25. 1992-05-12
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  26. 1992-05-12
    ➕
    SALKELD, Matthew John appointed
    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 34 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 34 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

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 Adam John Salkeld
Individual · British · DOB 01/1966 · age 60
75–100%
75–100%board control75-100% shares · 75-100% voting · board control14/03/2017

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

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———————
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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
Incorporated1992-05-12
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

C/O Cc Young & Co, 3rd Floor, The Bloomsbury Building
10 Bloomsbury Way
Holborn
London
WC1A 2SL
England

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (1 active · 4 resigned)

SALKELD, Adam John→
director · ~60y · appointed 1992-05-12
View their other companies + combined net worth →
Active
SALKELD, Adam John→
secretary · appointed 1992-05-12 · resigned 2004-12-06
Resigned
SALKELD, John Arthur→
secretary · appointed 2004-12-06 · resigned 2015-04-14
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1992-05-12 · resigned 1993-05-12
Resigned
SALKELD, Matthew John→
director · ~58y · appointed 1992-05-12 · resigned 2004-12-06
Resigned

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

Recent filings (90 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-dormant
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-dormant
accounts · AA
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-dormant
accounts · AA
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-31
accounts-with-accounts-type-dormant
accounts · AA
2022-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-04
accounts-with-accounts-type-dormant
accounts · AA
2021-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15