ACTIVE THREAD LTD

🌳Matureactive

04364692 · ltd · incorporated 2002-02-01

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-21.8k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Other information technology service activities

Sector: Information & communication

ALSO REGISTERED FOR

71111Architectural activities

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

15 officers (3 active, 15 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

100 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £21,836

High leverage

Liabilities are 100% of total assets

Net assets shrinking

Down £21,838 YoY

Leverage

100%

Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£22k

↓ 1091900% YoY

Current Assets

£3k

↓ 40% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£5.9k	£10.4k
Current assets	£2.6k	£4.4k
Net assets	£-21.8k	£2

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

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2025-12-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-16
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-02-16
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-02-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-02-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-17
📄
legacy
miscellaneous · ANNOTATION
2021-10-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-10-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-10-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-17
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-10-17
📄
legacy
miscellaneous · ANNOTATION
2021-10-10
➕
WESSEL, Carol Anne appointed
secretary
2021-10-10
➕
WESSEL, Carol Anne appointed
director
2021-10-10
➕
WESSEL, Ralph Gordon appointed
director
2021-10-10
➖
WESSEL, Carol Anne resigned
secretary
2021-10-10
➖
WESSEL, Carol Anne resigned
director
2021-10-10
➖
WESSEL, Ralph Gordon resigned
director
2021-03-23
📄
resolution
resolution · RESOLUTIONS
2021-03-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-02-17
➕
WESSEL, Carol Anne appointed
director
2021-02-17
➖
WESSEL, Carol Anne resigned
director
2021-01-25
➕
WESSEL, Ralph Gordon appointed
director
2021-01-25
➖
WESSEL, Ralph Gordon resigned
director
2021-01-08
➕
WESSEL, Carol Anne appointed
secretary
2021-01-08
➖
WESSEL, Carol Anne resigned
secretary
2021-01-07
➕
CALUNOTH, Braddlee appointed
director
2021-01-07
➖
CALUNOTH, Braddlee resigned
director
2007-03-03
➕
WESSEL, Carol Anne appointed
secretary
2007-03-03
➖
FULLALOVE, Stephen John resigned
director
2007-03-03
➕
WESSEL, Carol Anne appointed
director
2007-02-10
➖
FULLALOVE, Stephen John resigned
secretary
2002-06-01
➖
DOMINGUEZ POVEDA, Salvador resigned
director
2002-02-01
🏢
Company incorporated
As ACTIVE THREAD LTD
2002-02-01
➕
FULLALOVE, Stephen John appointed
secretary
2002-02-01
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
2002-02-01
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary
2002-02-01
➕
DOMINGUEZ POVEDA, Salvador appointed
director
2002-02-01
➕
FULLALOVE, Stephen John appointed
director
2002-02-01
➕
WESSEL, Ralph Gordon appointed
director
2002-02-01
➕
INSTANT COMPANIES LIMITED appointed
corporate-nominee-director
2002-02-01
➖
INSTANT COMPANIES LIMITED resigned
corporate-nominee-director

Owner dependency

74/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Ralph Gordon Wessel Individual · New Zealander · DOB 02/1965 · age 61	25–50%	25–50%	25-50% shares · 25-50% voting	10/10/2021

1 historic (ceased) PSC

Mr Ralph Wesselceased 10/10/2021· 50-75% shares

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

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

Incorporated2002-02-01

Jurisdictionengland-wales

Primary SIC62090 — Other information technology service activities

Registered office

17 Tanhouse Drive

Caerleon

Newport

Gwent

NP18 1BS

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-15

Last: 2026-02-01

Officers (3 active · 12 resigned)

WESSEL, Carol Anne→

secretary · appointed 2021-10-10

View their other companies + combined net worth →

Active

WESSEL, Carol Anne→

director · ~61y · appointed 2021-10-10

View their other companies + combined net worth →

Active

WESSEL, Ralph Gordon→

director · ~61y · appointed 2021-10-10

View their other companies + combined net worth →

Active

FULLALOVE, Stephen John→

secretary · appointed 2002-02-01 · resigned 2007-02-10

Resigned

WESSEL, Carol Anne→

secretary · appointed 2021-01-08 · resigned 2021-10-10

Resigned

WESSEL, Carol Anne→

secretary · appointed 2007-03-03 · resigned 2021-01-08

Resigned

SWIFT INCORPORATIONS LIMITED→

corporate-nominee-secretary · appointed 2002-02-01 · resigned 2002-02-01

Resigned

CALUNOTH, Braddlee→

director · ~29y · appointed 2021-01-07 · resigned 2021-01-07

Resigned

DOMINGUEZ POVEDA, Salvador→

director · ~56y · appointed 2002-02-01 · resigned 2002-06-01

Resigned

FULLALOVE, Stephen John→

director · ~68y · appointed 2002-02-01 · resigned 2007-03-03

Resigned

WESSEL, Carol Anne→

director · ~61y · appointed 2021-02-17 · resigned 2021-10-10

Resigned

WESSEL, Carol Anne→

director · ~61y · appointed 2007-03-03 · resigned 2021-02-17

Resigned

WESSEL, Ralph Gordon→

director · ~61y · appointed 2021-01-25 · resigned 2021-10-10

Resigned

WESSEL, Ralph Gordon→

director · ~61y · appointed 2002-02-01 · resigned 2021-01-25

Resigned

INSTANT COMPANIES LIMITED→

corporate-nominee-director · appointed 2002-02-01 · resigned 2002-02-01

Resigned

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