01.02 LIMITED

💤Zombieactive
04548746 · ltd · incorporated 2002-09-30
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 2025
Net worth
£524
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 20.7y

45/100
under pressure

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

  • · Oldest live charge is 20.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £524
Net assets shrinking
Down £277 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£524
↓ 35% YoY
Current Assets
£14k
↓ 19% YoY
Current Liabilities
£0£3k£7k£10k£14k£17kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£524£801
Current assets£13.8k£17.0k
Net assets£524£801

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 address
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-01-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-02-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-01-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-10-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-08-02
    🔒
    Charge registered #1
    Lender: Lescliffe Investments Limited
  17. 2002-09-30
    🏢
    Company incorporated
    As 01.02 LIMITED
  18. 2002-09-30
    BIGGS, Bernadette Madjella appointed
    secretary
  19. 2002-09-30
    BROWN, Adam Rees appointed
    director
  20. 2002-09-30
    WATERLOW SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  21. 2002-09-30
    WATERLOW SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 2002-09-30
    WATERLOW NOMINEES LIMITED appointed
    corporate-nominee-director
  23. 2002-09-30
    WATERLOW NOMINEES LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Adam Rees Brown
Individual · British · DOB 01/1964 · age 62
2550%
25-50% shares01/07/2016
Ms Bernadette Biggs
Individual · British · DOB 10/1958 · age 68
2550%
25-50% shares01/07/2016

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

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7y
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
Incorporated2002-09-30
Jurisdictionengland-wales
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

31 Heywood Road
Cinderford
GL14 2QT
England

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30

Officers (2 active · 2 resigned)

BIGGS, Bernadette Madjella
secretary · appointed 2002-09-30
View their other companies + combined net worth →
Active
BROWN, Adam Rees
director · ~62y · appointed 2002-09-30
View their other companies + combined net worth →
Active
WATERLOW SECRETARIES LIMITED
corporate-nominee-secretary · appointed 2002-09-30 · resigned 2002-09-30
Resigned
WATERLOW NOMINEES LIMITED
corporate-nominee-director · appointed 2002-09-30 · resigned 2002-09-30
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
Lescliffe Investments
Lescliffe Investments Limited
Rent deposit deed1 property02/08/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-05