BALLISTIC BLUE LIMITED
💤Zombieactive
04712375 · ltd · incorporated 2003-03-26
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 Dec 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Data processing, hosting and related activities
Sector: Information & communication
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 80/100. 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: strategic trade sale (65/100).
🏦
Refinance opportunity
1 live charge · oldest 12.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
9 officers (1 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · IFRS| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | — | £-1.36M |
| Current assets | — | £79.4k |
| Cash | — | £57.7k |
| Debtors | — | £21.7k |
| Net assets | — | £-1.38M |
| Average employees | 600 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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 change-of-name
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
- 2026-02-09✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-12-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-02📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-09➕BUNCE, Andrea appointeddirector
- 2023-01-09➖HEGGIE, Gareth Lee resigneddirector
- 2023-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-28📄memorandum-articlesincorporation · MA
- 2022-10-28📄resolutionresolution · RESOLUTIONS
- 2022-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-11📄resolutionresolution · RESOLUTIONS
- 2022-02-11📄memorandum-articlesincorporation · MA
- 2021-08-17📄change-person-director-company-with-change-dateofficers · CH01
- 2017-05-11➖REDHEAD, John William resigneddirector
- 2016-04-04➖SUTHERLAND, James Cameron resigneddirector
- 2014-03-05🔒Charge registered #1Lender: Ballistic Blue Limited
- 2014-02-10➖BUNCE, Mark Leonard resignedsecretary
- 2014-02-10➕HEGGIE, Gareth Lee appointeddirector
- 2014-02-10➕REDHEAD, John William appointeddirector
- 2014-02-10➕SUTHERLAND, James Cameron appointeddirector
- 2014-02-10➖WAKEFIELD, Neil resigneddirector
- 2013-03-25➕WAKEFIELD, Neil appointeddirector
- 2012-08-23➖BUNCE, Christina Margaret resigneddirector
- 2003-04-02➕BUNCE, Mark Leonard appointedsecretary
- 2003-04-02➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-04-02➕BUNCE, Christina Margaret appointeddirector
- 2003-04-02➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 2003-03-26🏢Company incorporatedAs BALLISTIC BLUE LIMITED
- 2003-03-26➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-03-26➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple 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.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-02-09: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Leonard Bunce Individual · British · DOB 04/1960 · age 66 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Mark Leonard Bunceceased 14/08/2024· 75-100% shares · 75-100% voting · firm interest
- Ballistic Blue Limitedceased 06/04/2016· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| AITRANSFORM ACADEMY LTD→ 17001654 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| AVALANT LIMITED→ 16771005 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| B AND C SOFTWARE LTD→ 12114582 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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| BARCODE SOLUTIONS (EUROPE) LIMITED→ 05491112 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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
Incorporated2003-03-26
Jurisdictionengland-wales
Primary SIC63110 — Data processing, hosting and related activities
Registered office
The Deep Business Centre
Tower Street
Hull
East Yorkshire
HU1 4BG
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-24
Last: 2025-08-10
Officers (1 active · 8 resigned)
BUNCE, Andrea→
Activedirector · ~53y · appointed 2023-01-09
View their other companies + combined net worth →
BUNCE, Mark Leonard→
Resignedsecretary · appointed 2003-04-02 · resigned 2014-02-10
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-03-26 · resigned 2003-04-02
BUNCE, Christina Margaret→
Resigneddirector · ~70y · appointed 2003-04-02 · resigned 2012-08-23
HEGGIE, Gareth Lee→
Resigneddirector · ~41y · appointed 2014-02-10 · resigned 2023-01-09
REDHEAD, John William→
Resigneddirector · ~58y · appointed 2014-02-10 · resigned 2017-05-11
SUTHERLAND, James Cameron→
Resigneddirector · ~41y · appointed 2014-02-10 · resigned 2016-04-04
WAKEFIELD, Neil→
Resigneddirector · ~49y · appointed 2013-03-25 · resigned 2014-02-10
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-03-26 · resigned 2003-04-02
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ballistic Blue Ballistic Blue Limited | A registered charge | 2 properties | 05/03/2014 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (97 total)
certificate-change-of-name-company
change-of-name · CERTNM
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-02
change-person-director-company-with-change-date
officers · CH01
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
termination-director-company-with-name-termination-date
officers · TM01
2023-01-09
appoint-person-director-company-with-name-date
officers · AP01
2023-01-09