1602 LIMITED
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-73.8k | £48.0k |
| Current assets | £544 | £755 |
| Net assets | £-73.8k | £48.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (24 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2017-07-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-02-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-05-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-05-12📄change-person-director-company-with-change-dateofficers · CH01
- 2016-05-12📄change-person-director-company-with-change-dateofficers · CH01
- 2016-05-12📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-02-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2006-05-08🏢Company incorporatedAs 1602 LIMITED
- 2006-05-08➕SINGH, Reeva Robert appointedsecretary
- 2006-05-08➕SINGH, Reeva Robert appointeddirector
- 2006-05-08➕SINGH, Tina appointeddirector
- 2006-05-08➕SMALL FIRMS SECRETARY SERVICES LIMITED appointedcorporate-secretary
- 2006-05-08➖SMALL FIRMS SECRETARY SERVICES LIMITED resignedcorporate-secretary
- 2006-05-08➕SMALL FIRMS DIRECT SERVICES LIMITED appointedcorporate-director
- 2006-05-08➖SMALL FIRMS DIRECT SERVICES LIMITED resignedcorporate-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Reeva Robert Singh Individual · British · DOB 10/1977 · age 49 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Tina Singh Individual · Swedish · DOB 09/1978 · age 48 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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6 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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.