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APPROVED LETTING SCHEME LIMITED

💤Zombieactive
03664069 · private-limited-guarant-nsc · incorporated 1998-11-09
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: mature → zombie
  • · Investment thesis: unclassified → zombie_hold
  • · Deal-killer verdict: high-friction → complicated
  • · Opportunity score: 78 → 70
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "zombie"
What changed my view
Last 30 days

Picture worsened over the last 30 days — 5 negative signals vs 0 positive.

  • Lifecycle stage: maturezombie
  • ·Investment thesis: unclassifiedzombie_hold
  • Deal-killer verdict: high-frictioncomplicated
  • Opportunity score: 7870
  • Hygiene score: 9080
  • +1 more
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
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Turnover
year to Mar 2024
Net worth
£103.9k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Activities of professional membership organisations
Sector: Other service activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (40/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
No charge records returned
50
Directors & officers
No officers data
0
Ownership & PSC
No PSC data returned
40
Director network
Network not yet resolved
30
Filing history
No filing history
0
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
70
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £103,854

Key financials

1 year extracted from filed iXBRL accounts
Cash
£694k
Net Worth
£104k
Current Assets
£760k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-31
Total assets£103.9k
Current assets£759.9k
Cash£693.9k
Debtors£65.9k
Net assets£103.9k

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

Corporate timeline (1 events)Click to expand
  1. 1998-11-09
    🏢
    Company incorporated
    As APPROVED LETTING SCHEME LIMITED

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +No director turnover: Company is 28 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeprivate-limited-guarant-nsc
Incorporated1998-11-09
Jurisdictionengland-wales
Primary SIC94120 — Activities of professional membership organisations

Registered office

Eagle Tower
Montpellier Drive
Cheltenham
GL50 1TA
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23