CALCO PAPER SERVICES LIMITED

💤Zombieactive
03823960 · ltd · incorporated 1999-08-06
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 Sept 2024
Net worth
£90.3k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 18129
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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 · 2 lenders · oldest 24.5y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 24.5 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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £90,319

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£90k
Current Assets
£77k
Current Liabilities
—
£0£18k£36k£54k£72k£90kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£237.0k—
Current assets£77.1k—
Debtors£77.1k—
Net assets£90.3k—

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
0
filings
Last 90 days
3
filings
  • • 3 officers
Last 180 days
4
filings
  • • 3 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-03-16
    ➖
    STEAD, Philip Andrew resigned
    secretary
  2. 2026-03-16
    ➖
    STEAD, David Ian resigned
    director
  3. 2026-03-16
    ➖
    STEAD, Philip Andrew resigned
    director
  4. 2026-03-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-03-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-03-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2025-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-02-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-02-17
    📄
    mortgage-satisfy-charge-part
    mortgage · MR04
  12. 2022-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-02-17
    🔓
    Charge satisfied #3
  15. 2022-02-17
    🔓
    Charge satisfied #1
  16. 2021-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2020-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-10-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2019-10-17
    🔓
    Charge satisfied #6
  22. 2019-10-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2019-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2013-06-05
    🔒
    Charge registered #6
    Lender: Ann Margaret Richards
  26. 2013-06-05
    🔒
    Charge registered #5
    Lender: Barclays Bank PLC
  27. 2005-10-10
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  28. 2005-07-15
    🔒
    Charge registered #3
    Lender: Barclays Bank PLC
  29. 2003-12-28
    ➖
    WRIGLEY, Martin resigned
    director
  30. 2003-09-17
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  31. 2001-12-13
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  32. 2001-10-04
    ➕
    WRIGLEY, Martin appointed
    director
  33. 1999-08-06
    🏢
    Company incorporated
    As CALCO PAPER SERVICES LIMITED
  34. 1999-08-06
    ➕
    CALLAGHAN, Stephen John appointed
    director
  35. 1999-08-06
    ➕
    STEAD, Philip Andrew appointed
    secretary
  36. 1999-08-06
    ➕
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  37. 1999-08-06
    ➖
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  38. 1999-08-06
    ➕
    STEAD, David Ian appointed
    director
  39. 1999-08-06
    ➕
    STEAD, Philip Andrew appointed
    director
  40. 1999-08-06
    ➕
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director
  41. 1999-08-06
    ➖
    YORK PLACE COMPANY 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 27 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 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

2 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: STEAD, Philip Andrew resigned 2026-03-16; STEAD, David Ian resigned 2026-03-16; STEAD, Philip Andrew resigned 2026-03-16

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Stephen John Callaghan
Individual · British · DOB 03/1969 · age 57
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016

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 →

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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
Incorporated1999-08-06
Jurisdictionengland-wales
Primary SIC18129 — SIC 18129

Registered office

232 Henver Road
Newquay
Cornwall
TR7 3EH
England

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06

Officers (1 active · 6 resigned)

CALLAGHAN, Stephen John→
director · ~57y · appointed 1999-08-06
View their other companies + combined net worth →
Active
STEAD, Philip Andrew→
secretary · appointed 1999-08-06 · resigned 2026-03-16
Resigned
YORK PLACE COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-08-06 · resigned 1999-08-06
Resigned
STEAD, David Ian→
director · ~62y · appointed 1999-08-06 · resigned 2026-03-16
Resigned
STEAD, Philip Andrew→
director · ~60y · appointed 1999-08-06 · resigned 2026-03-16
Resigned
WRIGLEY, Martin→
director · ~65y · appointed 2001-10-04 · resigned 2003-12-28
Resigned
YORK PLACE COMPANY NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-08-06 · resigned 1999-08-06
Resigned

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
TypeProperties
satisfied
Ann Margaret Richards / Michael Kay / Philip Williams
A registered charge1 property05/06/201317/10/2019
outstanding
Barclays
Barclays Bank PLC
A registered charge1 property05/06/2013—
outstanding
Barclays
Barclays Bank PLC
Guarantee & debenture1 property10/10/2005—
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property15/07/200517/02/2022
part-satisfied
Barclays
Barclays Bank PLC
Legal charge1 property17/09/2003—
satisfied
Barclays
Barclays Bank PLC
Debenture1 property13/12/200117/02/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (105 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
termination-secretary-company-with-name-termination-date
officers · TM02
2026-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-12
mortgage-satisfy-charge-part
mortgage · MR04
2022-02-17
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-17
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-08