CLEVELAND CIRCUITS (SKELTON) LIMITED

💤Zombieactive
02775373 · ltd · incorporated 1993-01-04
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 Nov 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 67). 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 32.9y

30/100
under pressure

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

  • · Oldest live charge is 32.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
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
4 connected companies via shared directors
57
Filing history
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
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£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30

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 address
Last 180 days
2
filings
  • • 1 address
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-04-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-07-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-04-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-04-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-09-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-01-10
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  9. 2019-06-06
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  10. 2019-06-06
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  11. 2019-03-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-02-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2018-02-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2017-06-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2016-10-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2015-03-31
    ➕
    GLEGHORN, Karen appointed
    secretary
  17. 2015-03-31
    ➖
    GLEGHORN, Andrew Harry resigned
    secretary
  18. 2015-03-31
    ➖
    NOSSITER, Geoffrey George resigned
    director
  19. 2008-02-09
    🔓
    Charge satisfied #2
  20. 2008-01-21
    ➖
    BOSTWICK, Ernest resigned
    director
  21. 2008-01-21
    ➕
    NOSSITER, Geoffrey George appointed
    director
  22. 1996-06-12
    ➕
    GLEGHORN, Andrew Harry appointed
    director
  23. 1996-01-31
    ➖
    GLEGHORN, Peter resigned
    director
  24. 1994-03-28
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  25. 1994-02-23
    🔓
    Charge satisfied #1
  26. 1994-02-01
    ➕
    BOSTWICK, Ernest appointed
    director
  27. 1993-07-20
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  28. 1993-01-27
    ➕
    GLEGHORN, Andrew Harry appointed
    secretary
  29. 1993-01-27
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  30. 1993-01-27
    ➕
    GLEGHORN, Peter appointed
    director
  31. 1993-01-27
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director
  32. 1993-01-04
    🏢
    Company incorporated
    As CLEVELAND CIRCUITS (SKELTON) LIMITED
  33. 1993-01-04
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  34. 1993-01-04
    ➕
    INSTANT COMPANIES 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 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
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 67. 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 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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.)

Group structure

Cleveland Technologies Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Cleveland Technologies Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
CLEVELAND CIRCUITS (SKELTON) LIMITED
This company · 02775373

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
Cleveland Technologies Limited
Corporate entity
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

8 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
Incorporated1993-01-04
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Cleveland Technologies Group Longbeck Road
Marske-By-The-Sea
Redcar
TS11 6HQ
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-01-16
Last: 2026-01-02

Officers (2 active · 6 resigned)

GLEGHORN, Karen→
secretary · appointed 2015-03-31
View their other companies + combined net worth →
Active
GLEGHORN, Andrew Harry→
director · ~67y · appointed 1996-06-12
View their other companies + combined net worth →
Active
GLEGHORN, Andrew Harry→
secretary · appointed 1993-01-27 · resigned 2015-03-31
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1993-01-04 · resigned 1993-01-27
Resigned
BOSTWICK, Ernest→
director · ~94y · appointed 1994-02-01 · resigned 2008-01-21
Resigned
GLEGHORN, Peter→
director · ~96y · appointed 1993-01-27 · resigned 1996-01-31
Resigned
NOSSITER, Geoffrey George→
director · ~77y · appointed 2008-01-21 · resigned 2015-03-31
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 1993-01-04 · resigned 1993-01-27
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
Guarantee and debenture1 property28/03/199409/02/2008
satisfied
Midland Bank
Midland Bank PLC
Fixed and floating charge1 property20/07/199323/02/1994

Recent filings (100 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-dormant
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-07
accounts-with-accounts-type-dormant
accounts · AA
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16
accounts-with-accounts-type-dormant
accounts · AA
2023-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-dormant
accounts · AA
2022-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
accounts-with-accounts-type-dormant
accounts · AA
2021-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-11
accounts-with-accounts-type-dormant
accounts · AA
2020-09-03
change-sail-address-company-with-old-address-new-address
address · AD02
2020-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-09