ACTION PRODUCTS LIMITED
💤Zombieactive
02791518 · ltd · incorporated 1993-02-18
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 Feb 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 20590
Sector: Manufacturing
Investor take
PursueActive trading company with a 72-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). 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 · 2 lenders · oldest 31.6y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 31.6 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
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
78 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|
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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-11-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-12-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-12-27➖FORGAARD, Christian Torleif Lester resignedsecretary
- 2021-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-01-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-11-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-02-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2006-01-23🔒Charge registered #2Lender: Hsbc Bank PLC
- 2000-08-09➕FORGAARD, Christian Torleif Lester appointedsecretary
- 2000-08-09➖MOGRIDGE, Ithiel resignedsecretary
- 2000-05-05➖MOGRIDGE, Bryan Christopher resigneddirector
- 1999-09-25🔓Charge satisfied #1
- 1994-10-06🔒Charge registered #1Lender: Fairfax Gerrard Limited
- 1993-02-18🏢Company incorporatedAs ACTION PRODUCTS LIMITED
- 1993-02-18➕MOGRIDGE, Ithiel appointeddirector
- 1993-02-18➕MOGRIDGE, Ithiel appointedsecretary
- 1993-02-18➕MOGRIDGE, Bryan Christopher appointeddirector
Owner dependency
100/100
Critical — business is the founderThe 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 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 33 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Ithiel Mogridge Individual · British · DOB 12/1954 · age 72 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Manufacturing · BS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 DELTA ENGINEERING EC LIMITED→ 02903909 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| 2601 CREATIVE PRINT LTD→ 08960428 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| 299 LIGHTING LIMITED→ 06927908 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| A. G. BRACEY LIMITED→ 01033626 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| A.B.C. (ENAMELLING & FABRICATIONS) LIMITED→ 01291149 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
| ABANAKI (UK) LIMITED→ 03956717 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| ACE CATERING EQUIPMENT LIMITED→ 08158157 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ACE SYSTEMS LIMITED→ 01657471 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| ACOUSTIC CARPENTRY AND BUILDING LTD→ 14193243 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ACT CATERING LTD→ 16181428 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ACTICARE NEURO LTD→ 14991800 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVE DESIGN SOLUTIONS LIMITED→ 08237407 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated1993-02-18
Jurisdictionengland-wales
Primary SIC20590 — SIC 20590
Registered office
270 North Road
Yate
South Gloucestershire
BS37 7LQ
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-07
Last: 2026-01-24
Officers (1 active · 3 resigned)
MOGRIDGE, Ithiel→
Activedirector · ~72y · appointed 1993-02-18
View their other companies + combined net worth →
FORGAARD, Christian Torleif Lester→
Resignedsecretary · appointed 2000-08-09 · resigned 2021-12-27
MOGRIDGE, Ithiel→
Resignedsecretary · appointed 1993-02-18 · resigned 2000-08-09
MOGRIDGE, Bryan Christopher→
Resigneddirector · ~91y · appointed 1993-02-18 · resigned 2000-05-05
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 23/01/2006 | — | |
| satisfied | Fairfax Gerrard Fairfax Gerrard Limited | Debenture | 1 property | 06/10/1994 | 25/09/1999 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (78 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-10
accounts-with-accounts-type-dormant
accounts · AA
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-06
accounts-with-accounts-type-dormant
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-14
accounts-with-accounts-type-dormant
accounts · AA
2023-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-02
termination-secretary-company-with-name-termination-date
officers · TM02
2022-01-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-26