ALTERNATE CAPITAL LIMITED

💤Zombieactive
04845195 · ltd · incorporated 2003-07-25
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
—
book net assets
Opportunity
78/100
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
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 77). 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 (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
19 officers (2 active, 19 linked, 10 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees100100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-01
    ➕
    KAMTHAN, Adarsh Kumar appointed
    director
  7. 2022-08-01
    ➖
    BAILLIE, Edward resigned
    director
  8. 2022-08-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2022-08-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-08-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-07-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2017-07-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-07-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2017-05-30
    ➖
    ASSET COLUMN LIMITED resigned
    corporate-director
  20. 2016-12-01
    ➕
    ASSET COLUMN LIMITED appointed
    corporate-secretary
  21. 2016-12-01
    ➖
    ALLEN, Brian, Mr. resigned
    director
  22. 2016-12-01
    ➕
    BAILLIE, Edward appointed
    director
  23. 2015-08-05
    ➖
    ENTERA EQUITY PARTNERS resigned
    corporate-secretary
  24. 2015-08-05
    ➖
    ENTERA EQUITY PARTNERS LIMITED resigned
    corporate-director
  25. 2014-10-22
    ➖
    VENKATRAMAN, Krishnaswami resigned
    director
  26. 2014-09-04
    ➕
    ASSET COLUMN LIMITED appointed
    corporate-director
  27. 2013-06-20
    ➕
    ENTERA EQUITY PARTNERS LIMITED appointed
    corporate-director
  28. 2012-02-13
    ➕
    VENKATRAMAN, Krishnaswami appointed
    director
  29. 2011-12-22
    ➕
    ENTERA EQUITY PARTNERS appointed
    corporate-secretary
  30. 2011-12-20
    ➖
    SAXENA, Rajeev, Mr. resigned
    secretary
  31. 2010-07-01
    ➕
    SAXENA, Rajeev, Mr. appointed
    secretary
  32. 2010-01-01
    ➖
    MILLINER, Karen Jayne resigned
    secretary
  33. 2009-06-24
    ➖
    SAXENA, Rajeev, Mr. resigned
    director
  34. 2009-06-22
    ➕
    ALLEN, Brian, Mr. appointed
    director
  35. 2009-01-31
    ➖
    DE THORPE MILLARD, Brian Percival, Mr. resigned
    director
  36. 2008-03-11
    ➖
    HILL, Dominic Simon John resigned
    director
  37. 2007-01-15
    ➖
    BILLER, David resigned
    director
  38. 2007-01-10
    ➕
    DE THORPE MILLARD, Brian Percival, Mr. appointed
    director
  39. 2006-12-04
    ➖
    GHEEWALA, Ameet Madhusudan resigned
    director
  40. 2005-06-20
    ➕
    MILLINER, Karen Jayne appointed
    secretary
  41. 2005-06-20
    ➖
    ENTERA EQUITY PARTNERS LIMITED resigned
    corporate-secretary
  42. 2005-04-29
    ➕
    BILLER, David appointed
    director
  43. 2005-04-29
    ➖
    NASAR, Hammad resigned
    director
  44. 2004-11-30
    ➕
    GHEEWALA, Ameet Madhusudan appointed
    director
  45. 2004-11-30
    ➕
    HILL, Dominic Simon John appointed
    director
  46. 2004-11-30
    ➕
    NASAR, Hammad appointed
    director
  47. 2003-12-04
    ➕
    ENTERA EQUITY PARTNERS LIMITED appointed
    corporate-secretary
  48. 2003-12-04
    ➖
    WESTLEX REGISTRARS LIMITED resigned
    corporate-secretary
  49. 2003-12-04
    ➕
    SAXENA, Rajeev, Mr. appointed
    director
  50. 2003-12-04
    ➖
    WESTLEX REGISTRARS LIMITED resigned
    corporate-nominee-director
Showing most recent 50 of 53 events

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • 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

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
NameSharesVoting rightsNature of controlNotified
Mr Adarsh Kumar Kamthan
Individual · Indian · DOB 01/1949 · age 77
——sig. influencesignificant influence01/08/2022
2 historic (ceased) PSCs
  • Mr Edward Baillieceased 01/08/2022· significant influence
  • Mr Brian Allenceased 01/12/2016· significant influence

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

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
Incorporated2003-07-25
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Regina House, 124 Finchley Road
London
NW3 5JS

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16

Officers (2 active · 17 resigned)

ASSET COLUMN LIMITED→
corporate-secretary · appointed 2016-12-01
View their other companies + combined net worth →
Active
KAMTHAN, Adarsh Kumar→
director · ~77y · appointed 2022-08-01
View their other companies + combined net worth →
Active
MILLINER, Karen Jayne→
secretary · appointed 2005-06-20 · resigned 2010-01-01
Resigned
SAXENA, Rajeev, Mr.→
secretary · appointed 2010-07-01 · resigned 2011-12-20
Resigned
ENTERA EQUITY PARTNERS→
corporate-secretary · appointed 2011-12-22 · resigned 2015-08-05
Resigned
ENTERA EQUITY PARTNERS LIMITED→
corporate-secretary · appointed 2003-12-04 · resigned 2005-06-20
Resigned
WESTLEX REGISTRARS LIMITED→
corporate-secretary · appointed 2003-07-25 · resigned 2003-12-04
Resigned
ALLEN, Brian, Mr.→
director · ~62y · appointed 2009-06-22 · resigned 2016-12-01
Resigned
BAILLIE, Edward→
director · ~76y · appointed 2016-12-01 · resigned 2022-08-01
Resigned
BILLER, David→
director · ~51y · appointed 2005-04-29 · resigned 2007-01-15
Resigned
DE THORPE MILLARD, Brian Percival, Mr.→
director · ~83y · appointed 2007-01-10 · resigned 2009-01-31
Resigned
GHEEWALA, Ameet Madhusudan→
director · ~54y · appointed 2004-11-30 · resigned 2006-12-04
Resigned
HILL, Dominic Simon John→
director · ~59y · appointed 2004-11-30 · resigned 2008-03-11
Resigned
NASAR, Hammad→
director · ~57y · appointed 2004-11-30 · resigned 2005-04-29
Resigned
SAXENA, Rajeev, Mr.→
director · ~61y · appointed 2003-12-04 · resigned 2009-06-24
Resigned
VENKATRAMAN, Krishnaswami→
director · ~65y · appointed 2012-02-13 · resigned 2014-10-22
Resigned
ASSET COLUMN LIMITED→
corporate-director · appointed 2014-09-04 · resigned 2017-05-30
Resigned
ENTERA EQUITY PARTNERS LIMITED→
corporate-director · appointed 2013-06-20 · resigned 2015-08-05
Resigned
WESTLEX REGISTRARS LIMITED→
corporate-nominee-director · appointed 2003-07-25 · resigned 2003-12-04
Resigned

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

Recent filings (110 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-01
termination-director-company-with-name-termination-date
officers · TM01
2022-08-01
change-person-director-company-with-change-date
officers · CH01
2022-08-01
appoint-person-director-company-with-name-date
officers · AP01
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05