CAPPAGH AGGREGATES LIMITED

💤Zombieactive
04566555 · ltd · incorporated 2002-10-18
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 Mar 2025
Net worth
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-04-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-03-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2023-03-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2023-03-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-01-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-04-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-01-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-12-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-12-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2016-12-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2015-12-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-12-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2002-10-18
    🏢
    Company incorporated
    As CAPPAGH AGGREGATES LIMITED
  17. 2002-10-18
    FERNCOMBE, Anne Marie appointed
    secretary
  18. 2002-10-18
    FERNCOMBE, Michael John appointed
    director
  19. 2002-10-18
    RM REGISTRARS LIMITED appointed
    corporate-secretary
  20. 2002-10-18
    RM REGISTRARS LIMITED resigned
    corporate-secretary
  21. 2002-10-18
    RM NOMINEES LIMITED appointed
    corporate-director
  22. 2002-10-18
    RM NOMINEES LIMITED resigned
    corporate-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 59 — 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 59. 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael John Ferncombe
Individual · British · DOB 09/1967 · age 59
75100%
75-100% shares06/04/2016

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

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
Incorporated2002-10-18
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000

Registered office

Cappagh House
Waterside Way
Wimbledon
London
SW17 7AB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (2 active · 2 resigned)

FERNCOMBE, Anne Marie
secretary · appointed 2002-10-18
View their other companies + combined net worth →
Active
FERNCOMBE, Michael John
director · ~59y · appointed 2002-10-18
View their other companies + combined net worth →
Active
RM REGISTRARS LIMITED
corporate-secretary · appointed 2002-10-18 · resigned 2002-10-18
Resigned
RM NOMINEES LIMITED
corporate-director · appointed 2002-10-18 · resigned 2002-10-18
Resigned

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

Recent filings (59 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-12
accounts-with-accounts-type-dormant
accounts · AA
2024-04-22
accounts-with-accounts-type-dormant
accounts · AA
2023-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
gazette-filings-brought-up-to-date
gazette · DISS40
2023-03-08
gazette-notice-compulsory
gazette · GAZ1
2023-03-07
accounts-with-accounts-type-dormant
accounts · AA
2023-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-dormant
accounts · AA
2022-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-25
accounts-with-accounts-type-dormant
accounts · AA
2021-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-17
accounts-with-accounts-type-dormant
accounts · AA
2020-01-24