ACT 2003 TRAINING LTD

💤Zombieactive
03935808 · ltd · incorporated 2000-02-29
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 Feb 2026
Net worth
£9.6k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other education n.e.c.
Sector: Education
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 19.7y

45/100
under pressure

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

  • · Oldest live charge is 19.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 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
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £9,565

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£10k
~ YoY
Current Assets
£10k
Current Liabilities
—
£0£2k£4k£6k£8k£10kFeb 2025Feb 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-02-282025-02-28
Total assets—£9.6k
Current assets£9.6k—
Debtors£9.6k£9.6k
Net assets£9.6k£9.6k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2020-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-09-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2016-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-09-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2008-10-20
    ➖
    ROWE, Yvonne resigned
    director
  17. 2007-03-03
    ➖
    BADHAM, Suzanne Cliare resigned
    director
  18. 2006-08-17
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  19. 2005-06-01
    ➕
    ELBOROUGH, Richard appointed
    director
  20. 2004-12-08
    ➖
    ELBOROUGH, Richard resigned
    director
  21. 2004-03-01
    ➕
    ELBOROUGH, Richard appointed
    director
  22. 2001-06-01
    ➕
    ROWE, Yvonne appointed
    director
  23. 2001-02-28
    ➖
    ELBOROUGH, Richard resigned
    director
  24. 2000-02-29
    🏢
    Company incorporated
    As ACT 2003 TRAINING LTD
  25. 2000-02-29
    ➕
    SHINAR, Paul appointed
    secretary
  26. 2000-02-29
    ➕
    L & A SECRETARIAL LIMITED appointed
    corporate-nominee-secretary
  27. 2000-02-29
    ➖
    L & A SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  28. 2000-02-29
    ➕
    BADHAM, Suzanne Cliare appointed
    director
  29. 2000-02-29
    ➕
    ELBOROUGH, Richard appointed
    director
  30. 2000-02-29
    ➕
    L & A REGISTRARS LIMITED appointed
    corporate-nominee-director
  31. 2000-02-29
    ➖
    L & A REGISTRARS 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 21 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Richard Elborough
Individual · British · DOB 06/1971 · age 55
25–50%
—25-50% shares27/05/2017

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

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ABLE 2 ACHIEVE LIMITED→
07111584 · est 2009 · no financials extracted
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10840102 · est 2017 · no financials extracted
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09717777 · est 2015 · no financials extracted
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10400922 · est 2016 · no financials extracted
————9y——
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08602704 · est 2013 · no financials extracted
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07333654 · est 2010 · no financials extracted
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09084255 · est 2014 · no financials extracted
————11y——
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11555525 · est 2018 · no financials extracted
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16324108 · est 2025 · no financials extracted
————1y——
ADVANCED STUDIES IN ENGLAND LIMITED→
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ADVENTURE CARE TEAM LTD→
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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
Incorporated2000-02-29
Jurisdictionengland-wales
Primary SIC85590 — Other education n.e.c.

Registered office

Moonlight Barn Moonlight Barn
30 Burfitt Road
Castle Cary
Somerset
BA7 7FP
United Kingdom

Filing status

Accounts
Next due: 2027-11-30
Last made up to: 2026-02-28
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (2 active · 6 resigned)

SHINAR, Paul→
secretary · appointed 2000-02-29
View their other companies + combined net worth →
Active
ELBOROUGH, Richard→
director · ~55y · appointed 2005-06-01
View their other companies + combined net worth →
Active
L & A SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 2000-02-29 · resigned 2000-02-29
Resigned
BADHAM, Suzanne Cliare→
director · ~50y · appointed 2000-02-29 · resigned 2007-03-03
Resigned
ELBOROUGH, Richard→
director · ~55y · appointed 2004-03-01 · resigned 2004-12-08
Resigned
ELBOROUGH, Richard→
director · ~55y · appointed 2000-02-29 · resigned 2001-02-28
Resigned
ROWE, Yvonne→
director · ~78y · appointed 2001-06-01 · resigned 2008-10-20
Resigned
L & A REGISTRARS LIMITED→
corporate-nominee-director · appointed 2000-02-29 · resigned 2000-02-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property17/08/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-25