ATHEDA LIMITED
Opportunity 57/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (40/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2020-12-31 | 2019-12-31 |
|---|---|---|
| Total assets | £22.7k | £2.1k |
| Current assets | £93.1k | £93.8k |
| Net assets | £22.7k | £2.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (22 events)Click to expand
- 2021-12-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-09-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-03📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2014-10-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-07-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-10-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-06-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-10-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-06-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-06-11📄change-person-director-company-with-change-dateofficers · CH01
- 2012-06-11📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2011-11-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-01-04🏢Company incorporatedAs ATHEDA LIMITED
- 2007-01-04➕PAYNE, Valerie appointedsecretary
- 2007-01-04➕PAYNE, Lorian John Ley appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 19 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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.
Red flags
2 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-12-31
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2023-01-18
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Lorian John-Ley Payne Individual · British · DOB 08/1979 · age 47 | 75–100% | — | 75-100% shares | 01/01/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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 (2 active · 0 resigned)
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