ADVELOCITY LIMITED

💤Zombieactive
03002836 · ltd · incorporated 1994-12-19
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 Jun 2025
Net worth
£-45.5k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (65/100).

Data confidence

Overall: medium (77/100)

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
4 officers (2 active, 4 linked, 1 with DOB)
75
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
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £45,510

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£46k
~ YoY
Current Assets
£11k
↑ 2918% YoY
Current Liabilities
-£46k-£34k-£23k-£12k-£337£11kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£-45.5k£-45.3k
Current assets£11.0k£363
Net assets£-45.5k£-45.3k

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
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2024-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-03-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-03-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2022-03-09
    📄
    change-person-secretary-company
    officers · CH03
  10. 2022-03-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-03-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-03-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2022-03-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-05-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2021-05-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-04-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2020-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 1994-12-19
    🏢
    Company incorporated
    As ADVELOCITY LIMITED
  21. 1994-12-19
    RUSSELL, Rebecca appointed
    secretary
  22. 1994-12-19
    KULLICH, Paul Richard appointed
    director
  23. 1994-12-19
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  24. 1994-12-19
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  25. 1994-12-19
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  26. 1994-12-19
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • 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 32 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 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-08-29: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Paul Richard Kullich
Individual · British · DOB 04/1969 · age 57
75100%
75-100% shares01/12/2016

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

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
Incorporated1994-12-19
Jurisdictionengland-wales
Primary SIC62090 — Other information technology service activities

Registered office

Lethendry
Polecat Valley
Hindhead
Surrey
GU26 6BE
United Kingdom

Filing status

Accounts
Next due: 2027-03-29
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19

Officers (2 active · 2 resigned)

RUSSELL, Rebecca
secretary · appointed 1994-12-19
View their other companies + combined net worth →
Active
KULLICH, Paul Richard
director · ~57y · appointed 1994-12-19
View their other companies + combined net worth →
Active
WATERLOW SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1994-12-19 · resigned 1994-12-19
Resigned
WATERLOW NOMINEES LIMITED
corporate-nominee-director · appointed 1994-12-19 · resigned 1994-12-19
Resigned

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

Recent filings (93 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2022-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-11
change-person-secretary-company
officers · CH03
2022-03-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-08