HANDLE-IT LIMITED
💤Zombieactive
04637039 · ltd · incorporated 2003-01-14
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 Jun 2025
Net worth
£312.9k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (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: 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 (58/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 19.7y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £312,925
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£313k
Current Assets
£657k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-28 | 2024-06-28 |
|---|---|---|
| Total assets | £315.5k | — |
| Current assets | £657.4k | — |
| Debtors | £247.7k | — |
| Net assets | £312.9k | — |
| Average employees | — | 2000 |
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 (31 events)Click to expand
- 2025-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-12➖WALKER, Darren resignedsecretary
- 2024-07-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-03-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-12📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2010-01-14➕WALKER, Darren appointedsecretary
- 2010-01-14➖BARTON ACCOUNTANTS resignedcorporate-secretary
- 2009-01-12🔒Charge registered #2Lender: National Westminster Bank PLC
- 2008-10-11🔓Charge satisfied #1
- 2006-10-23🔒Charge registered #1Lender: Ashton Rothbury Factors LTD
- 2006-06-28➖FARRAR, Daniel Glenn resignedsecretary
- 2006-06-28➕BARTON ACCOUNTANTS appointedcorporate-secretary
- 2005-03-14➕FARRAR, Daniel Glenn appointedsecretary
- 2005-03-14➖MULHEARN, Toni Gunnigle resignedsecretary
- 2005-03-14➖MULHEARN, Toni Gunnigle resigneddirector
- 2003-01-14🏢Company incorporatedAs HANDLE-IT LIMITED
- 2003-01-14➕FARRAR, Daniel Glenn appointeddirector
- 2003-01-14➕MULHEARN, Toni Gunnigle appointedsecretary
- 2003-01-14➕MULHEARN, Toni Gunnigle appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- 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
cleanNo 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 Daniel Glenn Farrar Individual · British · DOB 02/1972 · age 54 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Wholesale & distribution · TQ postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FIRST INTERIORS BATHROOMS LTD→ 11884387 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FURNISH LTD→ 05555196 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GIBBINS QUALITY MEATS LIMITED→ 13278395 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| GILLMORESPACE LIMITED→ 04088221 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| GREENFIELDS RECYCLING & SALVAGE LTD→ 13218945 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| GREENSTRAIGHT SCALLOPS LTD→ 13615655 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| H E PHILLIPS LIMITED→ 14853667 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HANDPICKED CIGAR COMPANY LTD→ 14796998 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| HARBOUR BATHROOMS LTD→ 15852648 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HARRIET AND HERA LTD→ 16111108 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HEATSHRINK SOLUTIONS LIMITED→ 04728582 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| HELTOR LIMITED→ 00686375 · est 1961 · no financials extracted | — | — | — | — | 65y | — | — |
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
Incorporated2003-01-14
Jurisdictionengland-wales
Primary SIC46690 — Wholesale of other machinery and equipment
Registered office
Unit 19 Bulleigh Barton Farm
Ipplepen
Newton Abbot
TQ12 5UA
England
Filing status
Accounts
Next due: 2027-03-28
Last made up to: 2025-06-28
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14
Officers (1 active · 5 resigned)
FARRAR, Daniel Glenn→
Activedirector · ~54y · appointed 2003-01-14
View their other companies + combined net worth →
FARRAR, Daniel Glenn→
Resignedsecretary · appointed 2005-03-14 · resigned 2006-06-28
MULHEARN, Toni Gunnigle→
Resignedsecretary · appointed 2003-01-14 · resigned 2005-03-14
WALKER, Darren→
Resignedsecretary · appointed 2010-01-14 · resigned 2024-07-12
BARTON ACCOUNTANTS→
Resignedcorporate-secretary · appointed 2006-06-28 · resigned 2010-01-14
MULHEARN, Toni Gunnigle→
Resigneddirector · ~42y · appointed 2003-01-14 · resigned 2005-03-14
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 12/01/2009 | — | |
| satisfied | Ashton Rothbury Factors Ashton Rothbury Factors LTD | Debenture | 1 property | 23/10/2006 | 11/10/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (73 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
termination-secretary-company-with-name-termination-date
officers · TM02
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-22
change-person-director-company-with-change-date
officers · CH01
2021-02-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-12