MASTERFINISH LIMITED

💤Zombieactive
04632554 · ltd · incorporated 2003-01-09
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
£10.3k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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: 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 (58/100).

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
Confirmed no charges registered
85
Directors & officers
10 officers (1 active, 10 linked, 5 with DOB)
80
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
75/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £10,329
Net assets shrinking
Down £4,048 YoY
Cash YoY
+236%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↑ 236% YoY
Net Worth
£10k
↓ 28% YoY
Current Assets
£10k
↓ 4.9% YoY
Current Liabilities
—
£0£3k£6k£9k£12k£14kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£10.3k£14.4k
Current assets£9.6k£10.1k
Cash£2.1k£623
Debtors£5.1k£7.3k
Net assets£10.3k£14.4k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-04-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-02-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-02-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-07-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-10-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-01-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-10-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2015-01-22
    ➖
    MOUSLEY, Charlotte Faye resigned
    secretary
  17. 2011-01-10
    ➕
    MOUSLEY, Charlotte Faye appointed
    secretary
  18. 2010-10-10
    ➕
    BANHAM, Christopher appointed
    director
  19. 2010-10-10
    ➖
    MCGRORY, Nicole resigned
    secretary
  20. 2010-10-10
    ➖
    ORMEROD, Peter Steven resigned
    director
  21. 2009-01-13
    ➖
    ROWE, Carol resigned
    secretary
  22. 2009-01-13
    ➖
    MACHIN, Glynis resigned
    director
  23. 2009-01-13
    ➖
    PLESTER, Glenda Faye resigned
    director
  24. 2009-01-13
    ➖
    ROWE, Carol resigned
    director
  25. 2009-01-12
    ➕
    MCGRORY, Nicole appointed
    secretary
  26. 2009-01-12
    ➕
    ORMEROD, Peter Steven appointed
    director
  27. 2003-05-07
    ➕
    ROWE, Carol appointed
    secretary
  28. 2003-02-03
    ➕
    MACHIN, Glynis appointed
    director
  29. 2003-02-03
    ➕
    PLESTER, Glenda Faye appointed
    director
  30. 2003-02-03
    ➕
    ROWE, Carol appointed
    director
  31. 2003-01-21
    ➖
    RM REGISTRARS LIMITED resigned
    corporate-secretary
  32. 2003-01-21
    ➖
    RM NOMINEES LIMITED resigned
    corporate-director
  33. 2003-01-09
    🏢
    Company incorporated
    As MASTERFINISH LIMITED
  34. 2003-01-09
    ➕
    RM REGISTRARS LIMITED appointed
    corporate-secretary
  35. 2003-01-09
    ➕
    RM NOMINEES LIMITED appointed
    corporate-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 16 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 23 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 Christopher Banham
Individual · British · DOB 01/1981 · age 45
75–100%
75–100%board control75-100% shares · 75-100% voting · board control09/01/2017

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

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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
Incorporated2003-01-09
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

191 Pennine Road
Bromsgrove
B61 0TG
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-22
Last: 2026-01-08

Officers (1 active · 9 resigned)

BANHAM, Christopher→
director · ~45y · appointed 2010-10-10
View their other companies + combined net worth →
Active
MCGRORY, Nicole→
secretary · appointed 2009-01-12 · resigned 2010-10-10
Resigned
MOUSLEY, Charlotte Faye→
secretary · appointed 2011-01-10 · resigned 2015-01-22
Resigned
ROWE, Carol→
secretary · appointed 2003-05-07 · resigned 2009-01-13
Resigned
RM REGISTRARS LIMITED→
corporate-secretary · appointed 2003-01-09 · resigned 2003-01-21
Resigned
MACHIN, Glynis→
director · ~71y · appointed 2003-02-03 · resigned 2009-01-13
Resigned
ORMEROD, Peter Steven→
director · ~69y · appointed 2009-01-12 · resigned 2010-10-10
Resigned
PLESTER, Glenda Faye→
director · ~63y · appointed 2003-02-03 · resigned 2009-01-13
Resigned
ROWE, Carol→
director · ~66y · appointed 2003-02-03 · resigned 2009-01-13
Resigned
RM NOMINEES LIMITED→
corporate-director · appointed 2003-01-09 · resigned 2003-01-21
Resigned

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

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-08
change-person-director-company-with-change-date
officers · CH01
2021-02-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-07-06