CPSR HOLDINGS LIMITED

🚨Distressedactive
03766180 · ltd · incorporated 1999-05-07
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2024
Net worth
£-553.3k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 55/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (76/100)

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
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £553,271
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£54k
↓ 73% YoY
Net Worth
-£553k
~ YoY
Current Assets
—
Current Liabilities
—
-£553k-£402k-£251k-£100k£51k£203kMar 2023Mar 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-312023-03-31
Cash£54.4k£202.6k
Net assets£-553.3k£-552.0k

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

🔒Filing-note intelligence

2 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
1
filing
  • • 1 confirmation-statement
Last 90 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-04-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-20
    ➕
    CULLIS, John Storrs appointed
    director
  3. 2026-03-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-03-20
    ➖
    ROSE, Richard Arthur resigned
    director
  5. 2025-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-02-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-03-02
    ➖
    MCGIVERN, Liam Dermot resigned
    director
  12. 2021-03-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-04-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-04-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-04-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2020-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-02-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2014-06-25
    ➕
    MCGIVERN, Liam Dermot appointed
    director
  22. 2012-04-01
    ➖
    SARGENT, Griffith William resigned
    secretary
  23. 2012-04-01
    ➖
    PERKINS, Alan resigned
    director
  24. 2012-04-01
    ➖
    SARGENT, Griffith William resigned
    director
  25. 2009-05-12
    ➖
    CULLIS, John Storrs resigned
    director
  26. 1999-07-15
    ➕
    SARGENT, Griffith William appointed
    secretary
  27. 1999-07-15
    ➖
    BLAKELAW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 1999-07-15
    ➕
    CULLIS, John Storrs appointed
    director
  29. 1999-07-15
    ➕
    PERKINS, Alan appointed
    director
  30. 1999-07-15
    ➕
    ROSE, Richard Arthur appointed
    director
  31. 1999-07-15
    ➕
    SARGENT, Griffith William appointed
    director
  32. 1999-07-15
    ➖
    BLAKELAW DIRECTOR SERVICES LIMITED resigned
    corporate-nominee-director
  33. 1999-05-07
    🏢
    Company incorporated
    As CPSR HOLDINGS LIMITED
  34. 1999-05-07
    ➕
    BLAKELAW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  35. 1999-05-07
    ➕
    BLAKELAW DIRECTOR SERVICES LIMITED appointed
    corporate-nominee-director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Storrs Cullis
Individual · British · DOB 04/1951 · age 75
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated1999-05-07
Jurisdictionengland-wales
Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-03-31
Confirmation statement
Next due: 2027-03-04
Last: 2026-02-18

Officers (1 active · 8 resigned)

CULLIS, John Storrs→
director · ~75y · appointed 2026-04-20
View their other companies + combined net worth →
Active
SARGENT, Griffith William→
secretary · appointed 1999-07-15 · resigned 2012-04-01
Resigned
BLAKELAW SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-05-07 · resigned 1999-07-15
Resigned
CULLIS, John Storrs→
director · ~75y · appointed 1999-07-15 · resigned 2009-05-12
Resigned
MCGIVERN, Liam Dermot→
director · ~74y · appointed 2014-06-25 · resigned 2021-03-02
Resigned
PERKINS, Alan→
director · ~81y · appointed 1999-07-15 · resigned 2012-04-01
Resigned
ROSE, Richard Arthur→
director · ~69y · appointed 1999-07-15 · resigned 2026-03-20
Resigned
SARGENT, Griffith William→
director · ~73y · appointed 1999-07-15 · resigned 2012-04-01
Resigned
BLAKELAW DIRECTOR SERVICES LIMITED→
corporate-nominee-director · appointed 1999-05-07 · resigned 1999-07-15
Resigned

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

Recent filings (94 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-12
appoint-person-director-company-with-name-date
officers · AP01
2026-04-29
termination-director-company-with-name-termination-date
officers · TM01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-08
termination-director-company-with-name-termination-date
officers · TM01
2021-03-02