50 NORTH LIMITED

💤Zombieactive
04583801 · ltd · incorporated 2002-11-07
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 2025
Net worth
£-16.4k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). 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 (81/100)

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
8 officers (2 active, 8 linked, 4 with DOB)
80
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
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £16,427

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£16k
Current Assets
—
Current Liabilities
—
-£16k-£16k-£16k-£16k-£16k-£16kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£-16.4k—
Debtors£100—
Net assets£-16.4k—

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
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • • 2 capital
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-01-30
    ➖
    LOVE, Matthew resigned
    director
  2. 2026-01-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  4. 2026-01-23
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2025-10-17
    ➖
    GOVOROVSKI, Vadim resigned
    director
  6. 2025-10-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-06-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2017-06-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2016-05-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2007-07-09
    ➕
    GOVOROVSKI, Vadim appointed
    director
  19. 2003-05-08
    ➕
    CASSELDEN, Ian Robert appointed
    secretary
  20. 2003-05-08
    ➕
    CASSELDEN, Ian Robert appointed
    director
  21. 2003-05-08
    ➖
    JORDAN COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  22. 2003-05-08
    ➖
    HARRIS, Philip Bryan, Dr resigned
    director
  23. 2003-05-08
    ➕
    LOVE, Matthew appointed
    director
  24. 2002-11-07
    🏢
    Company incorporated
    As 50 NORTH LIMITED
  25. 2002-11-07
    ➕
    JORDAN COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  26. 2002-11-07
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  27. 2002-11-07
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  28. 2002-11-07
    ➕
    HARRIS, Philip Bryan, Dr appointed
    director
  29. 2002-11-07
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  30. 2002-11-07
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 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 med ·
2 director resignations in last 12 months
medium

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

Evidence: GOVOROVSKI, Vadim resigned 2025-10-17; LOVE, Matthew resigned 2026-01-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ian Robert Casselden
Individual · English · DOB 04/1959 · age 67
50–75%
—50-75% 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

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
Incorporated2002-11-07
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Unit 4 Brunel Road
Churchfields Industrial Estate
St. Leonards-On-Sea
East Sussex
TN38 9RT
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (2 active · 6 resigned)

CASSELDEN, Ian Robert→
secretary · appointed 2003-05-08
View their other companies + combined net worth →
Active
CASSELDEN, Ian Robert→
director · ~67y · appointed 2003-05-08
View their other companies + combined net worth →
Active
JORDAN COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-11-07 · resigned 2003-05-08
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2002-11-07 · resigned 2002-11-07
Resigned
GOVOROVSKI, Vadim→
director · ~52y · appointed 2007-07-09 · resigned 2025-10-17
Resigned
HARRIS, Philip Bryan, Dr→
director · ~65y · appointed 2002-11-07 · resigned 2003-05-08
Resigned
LOVE, Matthew→
director · ~55y · appointed 2003-05-08 · resigned 2026-01-30
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2002-11-07 · resigned 2002-11-07
Resigned

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

Recent filings (71 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-01-30
capital-return-purchase-own-shares
capital · SH03
2026-01-27
capital-cancellation-shares
capital · SH06
2026-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-09