CICRESPI PRINCIPLE LIMITED

💤Zombieactive
04805102 · ltd · incorporated 2003-06-19
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
£-5.3k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). 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
9 officers (1 active, 9 linked, 4 with DOB)
79
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
74 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £5,273
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
~ YoY
Net Worth
-£5k
~ YoY
Current Assets
£4k
~ YoY
Current Liabilities
—
-£5k-£3k-£1k£562£3k£4kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-5.3k£-5.3k
Current assets£4.5k£4.5k
Cash£4.3k£4.3k
Debtors£114£114
Net assets£-5.3k£-5.3k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2018-09-09
    ➖
    PITT, David Richard resigned
    secretary
  10. 2018-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-01-16
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-06-20
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  16. 2015-09-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2010-01-01
    ➕
    PITT, David Richard appointed
    secretary
  18. 2009-12-31
    ➖
    COOPER, David Christopher resigned
    secretary
  19. 2006-11-10
    ➖
    TUCK, Graham resigned
    director
  20. 2006-08-16
    ➖
    BONELLO, Michele Angelo resigned
    director
  21. 2006-06-22
    ➖
    BELLAMY, James Timothy resigned
    secretary
  22. 2006-06-22
    ➕
    COOPER, David Christopher appointed
    secretary
  23. 2006-03-31
    ➖
    MONTICELLI, Chiara resigned
    director
  24. 2004-02-18
    ➕
    BONELLO, Michele Angelo appointed
    director
  25. 2004-02-18
    ➕
    MONTICELLI, Chiara appointed
    director
  26. 2004-02-18
    ➕
    TUCK, Graham appointed
    director
  27. 2003-06-26
    ➕
    BUTTERFIELD, Richard Howard appointed
    director
  28. 2003-06-26
    ➕
    BELLAMY, James Timothy appointed
    secretary
  29. 2003-06-26
    ➖
    SDG SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  30. 2003-06-26
    ➖
    SDG REGISTRARS LIMITED resigned
    corporate-nominee-director
  31. 2003-06-19
    🏢
    Company incorporated
    As CICRESPI PRINCIPLE LIMITED
  32. 2003-06-19
    ➕
    SDG SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  33. 2003-06-19
    ➕
    SDG REGISTRARS LIMITED appointed
    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 65 — 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 65. 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 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.)

Group structure

Principle Systems Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Principle Systems Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
CICRESPI PRINCIPLE LIMITED
This company · 04805102

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Principle Systems Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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
Incorporated2003-06-19
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

Tandem Industrial Estate Wakefield Road
Waterloo
Huddersfield
HD5 0AL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-07-02
Last: 2026-06-18

Officers (1 active · 8 resigned)

BUTTERFIELD, Richard Howard→
director · ~65y · appointed 2003-06-26
View their other companies + combined net worth →
Active
BELLAMY, James Timothy→
secretary · appointed 2003-06-26 · resigned 2006-06-22
Resigned
COOPER, David Christopher→
secretary · appointed 2006-06-22 · resigned 2009-12-31
Resigned
PITT, David Richard→
secretary · appointed 2010-01-01 · resigned 2018-09-09
Resigned
SDG SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-06-19 · resigned 2003-06-26
Resigned
BONELLO, Michele Angelo→
director · ~58y · appointed 2004-02-18 · resigned 2006-08-16
Resigned
MONTICELLI, Chiara→
director · ~62y · appointed 2004-02-18 · resigned 2006-03-31
Resigned
TUCK, Graham→
director · ~66y · appointed 2004-02-18 · resigned 2006-11-10
Resigned
SDG REGISTRARS LIMITED→
corporate-nominee-director · appointed 2003-06-19 · resigned 2003-06-26
Resigned

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

Recent filings (74 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-25