2SERVE WHOLESALE LTD
🌳Matureactive
05752939 · ltd · incorporated 2006-03-23
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 15.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2024
Net worth
£134.7k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Wholesale of fruit and vegetables
Sector: Wholesale & retail
Investor take
Special-situation opportunityDistressed wholesale with salvageable qualities — special-situations priority.
Opportunity 73/100 (strong), bankability 70/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · oldest 15.1y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 15.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
54 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £134,718
Key financials
2 years extracted from filed iXBRL accountsCash
£221k
Net Worth
£135k
Current Assets
£845k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Total assets | £236.2k | — |
| Current assets | £845.1k | — |
| Cash | £221.3k | — |
| Debtors | £592.7k | — |
| Net assets | £134.7k | — |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-30📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-03-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-05-02➕WATKINS, Pamela Louise appointeddirector
- 2019-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-05-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-04-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-10-02➖WATKINS, Gary John resigneddirector
- 2011-07-28🔒Charge registered #2Lender: Covent Garden Market Authority
- 2011-03-22🔒Charge registered #1Lender: Covent Garden Market Authority
- 2006-03-23🏢Company incorporatedAs 2SERVE WHOLESALE LTD
- 2006-03-23➕WATKINS, Pamela Louise appointedsecretary
- 2006-03-23➕WATKINS, David Alan appointeddirector
- 2006-03-23➕WATKINS, Gary John appointeddirector
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
81/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-06
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Alan Watkins Individual · British · DOB 10/1963 · age 63 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Wholesale & distribution · SW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 24 AIRCON LTD→ 12489520 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 2STL LIMITED→ 13197770 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 316 STARTUPS LIMITED→ 12684989 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 3H FAMILY LTD→ 16526315 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 469 TRADE HUB LTD→ 16325802 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 4GD UK LTD→ 12648383 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 4KIX LIMITED→ 14266599 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 75PH IMPACT LIMITED→ 16109701 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 75PHARMA LIMITED→ 13240109 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 7TO1 LIMITED→ 14821248 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 8 PINES LTD→ 08815833 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 8020 IM SOLUTIONS LTD→ 10818241 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated2006-03-23
Jurisdictionengland-wales
Primary SIC46310 — Wholesale of fruit and vegetables
Registered office
A60-A61 New Covent Garden Market Fruit & Vegetable Market
Vauxhall
London
SW8 5EE
England
Filing status
Accounts
Next due: 2026-06-29
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-04-06OVERDUE
Last: 2025-03-23
Officers (3 active · 1 resigned)
WATKINS, Pamela Louise→
Activesecretary · appointed 2006-03-23
View their other companies + combined net worth →
WATKINS, David Alan→
Activedirector · ~63y · appointed 2006-03-23
View their other companies + combined net worth →
WATKINS, Pamela Louise→
Activedirector · ~62y · appointed 2019-05-02
View their other companies + combined net worth →
WATKINS, Gary John→
Resigneddirector · ~64y · appointed 2006-03-23 · resigned 2012-10-02
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Covent Garden Market Authority | Rent deposit deed | 1 property | 28/07/2011 | — | |
| outstanding | Covent Garden Market Authority | Rent deposit deed | 1 property | 22/03/2011 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (54 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-31
appoint-person-director-company-with-name-date
officers · AP01
2019-05-15