ASCARI LIMITED

💤Zombieactive
04836180 · ltd · incorporated 2003-07-17
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 Oct 2024
Net worth
£28.7k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). 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: medium (78/100)

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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
69 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 · FRS 105 (micro)
Positive net assets
Net assets £28,706
Net assets shrinking
Down £81,944 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£29k
↓ 74% YoY
Current Assets
£69k
↓ 54% YoY
Current Liabilities
—
£0£30k£61k£91k£122k£152kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£30.8k£116.6k
Current assets£69.3k£152.2k
Net assets£28.7k£110.7k

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 address
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-07-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-04-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-07-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2017-06-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-05-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-14
    📄
    second-filing-of-form-with-form-type-made-up-date
    document-replacement · RP04
  13. 2015-07-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-07-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2015-04-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-12-18
    ➖
    MATSELL, Timothy James resigned
    secretary
  17. 2009-12-09
    ➖
    NOAKES, Simon resigned
    director
  18. 2003-07-17
    🏢
    Company incorporated
    As ASCARI LIMITED
  19. 2003-07-17
    ➕
    MATSELL, Timothy James appointed
    director
  20. 2003-07-17
    ➕
    MATSELL, Timothy James appointed
    secretary
  21. 2003-07-17
    ➕
    @UKPLC CLIENT SECRETARY LTD appointed
    corporate-nominee-secretary
  22. 2003-07-17
    ➖
    @UKPLC CLIENT SECRETARY LTD resigned
    corporate-nominee-secretary
  23. 2003-07-17
    ➕
    NOAKES, Simon appointed
    director
  24. 2003-07-17
    ➕
    @UKPLC CLIENT DIRECTOR LTD appointed
    corporate-nominee-director
  25. 2003-07-17
    ➖
    @UKPLC CLIENT DIRECTOR LTD resigned
    corporate-nominee-director

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Timothy James Matsell
Individual · British · DOB 10/1964 · age 62
75–100%
—75-100% 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

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
Incorporated2003-07-17
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

Sparkhouse
Rope Walk
Lincoln
LN6 7DQ
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17

Officers (1 active · 4 resigned)

MATSELL, Timothy James→
director · ~62y · appointed 2003-07-17
View their other companies + combined net worth →
Active
MATSELL, Timothy James→
secretary · appointed 2003-07-17 · resigned 2009-12-18
Resigned
@UKPLC CLIENT SECRETARY LTD→
corporate-nominee-secretary · appointed 2003-07-17 · resigned 2003-07-17
Resigned
NOAKES, Simon→
director · ~56y · appointed 2003-07-17 · resigned 2009-12-09
Resigned
@UKPLC CLIENT DIRECTOR LTD→
corporate-nominee-director · appointed 2003-07-17 · resigned 2003-07-17
Resigned

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

Recent filings (69 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-04-23