CYMA PETROLEUM (UK) LIMITED
💤Zombieactive
03367614 · ltd · incorporated 1997-05-09
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
£2.23M
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: SIC 46711
Sector: Wholesale & retail
Investor take
Special-situation opportunityDistressed wholesale with salvageable qualities — special-situations priority.
Opportunity 66/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 22.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £2,229,551
Cash YoY
+177%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£127k
↑ 177% YoY
Net Worth
£2.2m
↑ 1.4% YoY
Current Assets
£1.9m
↓ 23% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £2.40M | £3.00M |
| Current assets | £1.94M | £2.51M |
| Cash | £126.8k | £45.8k |
| Debtors | £1.62M | £2.09M |
| Net assets | £2.23M | £2.20M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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 (44 events)Click to expand
- 2025-11-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-11-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-23➕MICHAELIDES, Damian Sofronis appointedsecretary
- 2024-08-23➖MICHAELIDES, Andreas resignedsecretary
- 2024-08-23➖MICHAELIDES, Andreas resigneddirector
- 2023-08-31📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-22📄gazette-notice-compulsorygazette · GAZ1
- 2019-07-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-07-30📄gazette-notice-compulsorygazette · GAZ1
- 2016-09-09🔓Charge satisfied #3
- 2016-09-09🔓Charge satisfied #2
- 2016-09-09🔓Charge satisfied #1
- 2007-08-10➖MORGAN, Robin Neville resigneddirector
- 2007-08-07➕MICHAELIDES, Damian Sofronis appointeddirector
- 2007-04-03🔒Charge registered #6Lender: Barclays Bank PLC
- 2007-04-02🔒Charge registered #5Lender: Barclays Bank PLC
- 2007-03-28🔒Charge registered #4Lender: Barclays Bank PLC
- 2006-01-09➖MICHAELIDES, Jane Karen resigneddirector
- 2005-06-10🔒Charge registered #3Lender: Alliance & Leicester Commercial Bank PLC
- 2004-05-19🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2004-01-05➕MICHAELIDES, Andreas appointeddirector
- 2003-11-26🔒Charge registered #1Lender: Lloyds Tsb Commercial Finance Limited
- 2001-08-10➕MICHAELIDES, Andreas appointedsecretary
- 2001-08-10➖MICHAELIDES, Jane Karen resignedsecretary
- 2000-12-22➖MICHAELIDES, Andreas resigneddirector
- 2000-12-22➕MORGAN, Robin Neville appointeddirector
- 1997-05-09🏢Company incorporatedAs CYMA PETROLEUM (UK) LIMITED
- 1997-05-09➕MICHAELIDES, Jane Karen appointedsecretary
- 1997-05-09➕SEMKEN LIMITED appointedcorporate-nominee-secretary
- 1997-05-09➖SEMKEN LIMITED resignedcorporate-nominee-secretary
- 1997-05-09➕MICHAELIDES, Andreas appointeddirector
- 1997-05-09➕MICHAELIDES, Jane Karen appointeddirector
Owner dependency
85/100
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 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
53/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 19 years.
Red flags
1 high · 1 med ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-06
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · Wholesale & distribution · WA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| C & M REMOVALS LTD→ 17104034 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CONTROLS TESTING EQUIPMENT LIMITED→ 01753477 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| CORPENERGI LTD→ 16553160 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CULCHETH NEWS LTD→ 14921688 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CUT AND GREEN LTD→ 17106343 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| D&JW ENTERPRISES LIMITED→ 06932914 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| DANIELS STEEL (DEVON) LIMITED→ 09675130 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| DARN YARNS LIMITED→ 16933164 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DAS EXIM LTD→ 16159141 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DAVID BERRYMAN HOLDINGS LIMITED→ 10392135 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| DAWSON FORTE LTD→ 10546144 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| DAYE GLOBAL SERVICES LIMITED→ 09254725 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1997-05-09
Jurisdictionengland-wales
Primary SIC46711 — SIC 46711
Registered office
Old Lloyds Chambers
139-141 Manchester Road
Altrincham
WA14 5NS
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-06OVERDUE
Last: 2025-05-23
Officers (2 active · 7 resigned)
MICHAELIDES, Damian Sofronis→
Activesecretary · appointed 2024-08-23
View their other companies + combined net worth →
MICHAELIDES, Damian Sofronis→
Activedirector · ~40y · appointed 2007-08-07
View their other companies + combined net worth →
MICHAELIDES, Andreas→
Resignedsecretary · appointed 2001-08-10 · resigned 2024-08-23
MICHAELIDES, Jane Karen→
Resignedsecretary · appointed 1997-05-09 · resigned 2001-08-10
SEMKEN LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-05-09 · resigned 1997-05-09
MICHAELIDES, Andreas→
Resigneddirector · ~82y · appointed 2004-01-05 · resigned 2024-08-23
MICHAELIDES, Andreas→
Resigneddirector · ~82y · appointed 1997-05-09 · resigned 2000-12-22
MICHAELIDES, Jane Karen→
Resigneddirector · ~68y · appointed 1997-05-09 · resigned 2006-01-09
MORGAN, Robin Neville→
Resigneddirector · ~84y · appointed 2000-12-22 · resigned 2007-08-10
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 03/04/2007 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 02/04/2007 | — | |
| outstanding | Barclays Barclays Bank PLC | Debenture | 1 property | 28/03/2007 | — | |
| satisfied | Alliance & Leicester Commercial Bank Alliance & Leicester Commercial Bank PLC | Legal charge | 1 property | 10/06/2005 | 09/09/2016 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 19/05/2004 | 09/09/2016 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 26/11/2003 | 09/09/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (106 total)
appoint-person-secretary-company-with-name-date
officers · AP03
2025-11-21
termination-director-company-with-name-termination-date
officers · TM01
2025-11-21
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-06
change-account-reference-date-company-current-extended
accounts · AA01
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-04