ALTUN FINANCE LIMITED
💤Zombieactive
05998938 · ltd · incorporated 2006-11-15
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 Nov 2024
Net worth
£-21.6k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -60% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (77/100)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
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
61 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 102Negative net assets
Liabilities exceed assets by £21,626
Cash draining
Cash down 60% YoY
Cash YoY
-60%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 60% YoY
Net Worth
-£22k
↓ 25% YoY
Current Assets
£2k
↓ 60% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-5.0k | £-780 |
| Current assets | £2.0k | £5.0k |
| Cash | £2.0k | £5.0k |
| Net assets | £-21.6k | £-17.4k |
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 (24 events)Click to expand
- 2025-12-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-09-07📄gazette-notice-compulsorygazette · GAZ1
- 2021-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2017-09-12📄accounts-amended-with-accounts-type-total-exemption-smallaccounts · AAMD
- 2017-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2010-12-21➖WARD, Neville David resignedsecretary
- 2006-11-15🏢Company incorporatedAs ALTUN FINANCE LIMITED
- 2006-11-15➕ALTUN, Dursun appointeddirector
- 2006-11-15➕WARD, Neville David appointedsecretary
- 2006-11-15➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2006-11-15➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2006-11-15➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 2006-11-15➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "ALTUN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
88/100
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 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Dursun Altun Individual · British · DOB 05/1962 · age 64 | 75–100% | — | 75-100% shares | 24/08/2018 |
1 historic (ceased) PSC
- Mr Altun Dursunceased 09/04/2018· 75-100% shares
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 · Financial services · EN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1ST SURE LIMITED→ 05993092 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| A ROGERS PROTECTION LTD→ 14671157 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ABBI FINANCIAL LIMITED→ 11531223 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACCENDO MARKETS LIMITED→ 06417051 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ACCESS BRIDGING FINANCE LIMITED→ 05684143 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| ACREPLAN FINANCE LTD→ 10056731 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ADE2 LIMITED→ 16105735 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVICE 1ST LIMITED→ 15250756 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AJC FINANCE LTD→ 14457784 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALABASTER BOX INVESTMENT LTD→ 12483112 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AMBITION INVESTMENTS LTD→ 11834623 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| AMONDIN LIMITED→ 13872824 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2006-11-15
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
206 Turners Hill
Cheshunt
Waltham Cross
EN8 9DE
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19
Officers (1 active · 3 resigned)
ALTUN, Dursun→
Activedirector · ~64y · appointed 2006-11-15
View their other companies + combined net worth →
WARD, Neville David→
Resignedsecretary · appointed 2006-11-15 · resigned 2010-12-21
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-11-15 · resigned 2006-11-15
COMPANY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2006-11-15 · resigned 2006-11-15
Click a director name to see their full track record across all companies.
Recent filings (61 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-03
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-23
gazette-notice-compulsory
gazette · GAZ1
2021-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-24