MATRIX B LTD
🚨Distressedactive
04859462 · ltd · incorporated 2003-08-07
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2024
Net worth
£-70.5k
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
ALSO REGISTERED FOR
- 41201Construction of commercial buildings
- 46770SIC 46770
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
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, 3 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
10 officers (1 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £70,534
Key financials
2 years extracted from filed iXBRL accountsCash
£78k
Net Worth
-£71k
Current Assets
£612k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-02-29 | 2023-02-28 |
|---|---|---|
| Total assets | £-70.5k | — |
| Current assets | £611.9k | — |
| Cash | £78.2k | — |
| Debtors | £533.7k | — |
| Net assets | £-70.5k | — |
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 gazette
Last 90 days
1
filing
- • 1 gazette
Last 180 days
1
filing
- • 1 gazette
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-05-12📄gazette-notice-compulsorygazette · GAZ1
- 2025-04-30✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-04-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-11➖BRONS HARPER, Pieter resignedsecretary
- 2025-04-11➖BRONS HARPER, Pieter Anthonius Gerhardus resigneddirector
- 2025-04-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-04-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-07➕OFLAHERTY, Sean appointeddirector
- 2025-04-07➖BRONS-HARPER, Solomon Pieter Fyfe resigneddirector
- 2024-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-07➕BRONS-HARPER, Solomon Pieter Fyfe appointeddirector
- 2023-02-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-08-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-07-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-08➖BRONS HARPER, Naomi resigneddirector
- 2021-11-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-06📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-10-05📄gazette-notice-compulsorygazette · GAZ1
- 2010-07-16➕BRONS HARPER, Pieter appointedsecretary
- 2010-07-16➖GILLFIELDS SECRETARIES LIMITED resignedcorporate-secretary
- 2006-04-30➖SONEJI, Mehul resignedsecretary
- 2006-04-30➕GILLFIELDS SECRETARIES LIMITED appointedcorporate-secretary
- 2004-09-25➕BRONS HARPER, Naomi appointeddirector
- 2004-09-01➖LOUGHRAN, Jamie resigneddirector
- 2003-10-13➕BRONS HARPER, Pieter Anthonius Gerhardus appointeddirector
- 2003-08-07🏢Company incorporatedAs MATRIX B LTD
- 2003-08-07➕SONEJI, Mehul appointedsecretary
- 2003-08-07➕LONDON LAW SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 2003-08-07➖LONDON LAW SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2003-08-07➕LOUGHRAN, Jamie appointeddirector
- 2003-08-07➕LONDON LAW SERVICES LIMITED appointedcorporate-nominee-director
- 2003-08-07➖LONDON LAW SERVICES LIMITED resignedcorporate-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
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-11-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-13
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-04-30: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Sean Oflaherty Individual · British · DOB 09/1990 · age 36 | 75–100% | — | 75-100% shares | 07/04/2025 |
2 historic (ceased) PSCs
- Mr Pieter Brons-Harperceased 07/04/2025· 75-100% shares · 75-100% voting · board control
- Mrs Naomi Brons-Harperceased 03/08/2022· 25-50% shares · 25-50% voting · board control · firm interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A.T.M ELEC LTD→ 17027189 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABUNDANCES CLEARANCES LIMITED→ 15225733 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACCESS DRAINAGE SOLUTIONS LIMITED→ 16968779 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ACE GROUP SOLUTION LTD→ 16918670 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADDRESS WASTE OIL LTD→ 14305148 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADLER COOLING LTD→ 10448131 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADVANCE WATER TREATMENT TECHNOLOGIES LIMITED→ 11420961 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ALBERT WHARF LIMITED→ 16780686 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALCEMI STORAGE DEVELOPMENTS 23 LIMITED→ 14615636 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALCEMI STORAGE DEVELOPMENTS 8 LIMITED→ 13848254 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ALEX WASTE COLLECTION LTD→ 15875916 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALEXMOVEUK LTD→ 16279805 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2003-08-07
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320
Registered office
27 Birnam Road
London
N4 3LJ
England
Filing status
Accounts
Next due: 2025-11-30OVERDUE
Last made up to: 2024-02-29
Confirmation statement
Next due: 2026-05-13OVERDUE
Last: 2025-04-29
Officers (1 active · 9 resigned)
OFLAHERTY, Sean→
Activedirector · ~36y · appointed 2025-04-07
View their other companies + combined net worth →
BRONS HARPER, Pieter→
Resignedsecretary · appointed 2010-07-16 · resigned 2025-04-11
SONEJI, Mehul→
Resignedsecretary · appointed 2003-08-07 · resigned 2006-04-30
GILLFIELDS SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2006-04-30 · resigned 2010-07-16
LONDON LAW SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-08-07 · resigned 2003-08-07
BRONS HARPER, Naomi→
Resigneddirector · ~64y · appointed 2004-09-25 · resigned 2022-07-08
BRONS HARPER, Pieter Anthonius Gerhardus→
Resigneddirector · ~64y · appointed 2003-10-13 · resigned 2025-04-11
BRONS-HARPER, Solomon Pieter Fyfe→
Resigneddirector · ~32y · appointed 2023-02-07 · resigned 2025-04-07
LOUGHRAN, Jamie→
Resigneddirector · ~57y · appointed 2003-08-07 · resigned 2004-09-01
LONDON LAW SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-08-07 · resigned 2003-08-07
Click a director name to see their full track record across all companies.
Recent filings (80 total)
gazette-notice-compulsory
gazette · GAZ1
2026-05-12
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-16
appoint-person-director-company-with-name-date
officers · AP01
2025-04-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-14
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-14
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-11
termination-director-company-with-name-termination-date
officers · TM01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-24
appoint-person-director-company-with-name-date
officers · AP01
2023-02-07