138 MANAGEMENT LIMITED

💤Zombieactive

06396614 · ltd · incorporated 2007-10-11

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 Oct 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other service activities n.e.c.

Sector: Other service activities

Investor take

Pursue

Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. 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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (1 active, 5 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-07-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-07-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-07-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-07-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-07-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-10-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-10-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-29
➖
LEUNG, Mona Lun Po resigned
secretary
2019-07-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-07-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-08-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-07-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-07-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2015-10-30
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2014-11-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2008-11-07
➕
LEUNG, Mona Lun Po appointed
secretary
2008-10-10
➖
CHEUNG, Wai Hung resigned
secretary
2007-10-11
🏢
Company incorporated
As 138 MANAGEMENT LIMITED
2007-10-11
➕
LEUNG, Kwok Chi appointed
director
2007-10-11
➕
CHEUNG, Wai Hung appointed
secretary
2007-10-11
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
2007-10-11
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
2007-10-11
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
2007-10-11
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

93/100

Critical — business is the founder

The 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.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
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

clean

No 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Kwok Chi Leung Individual · British · DOB 03/1966 · age 60	—	—	board controlboard control · trust interest	11/10/2016

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 · Trade services · DA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
1ST CHOICE LANDSCAPING & PAVING LTD→ 16741851 · est 2025 · no financials extracted	—	—	—	—	—	—	—
21 CONSULT LTD→ 11836691 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
21ST CENTURY PROPERTY SERVICE LIMITED→ 14758544 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
360 SPORTS LIMITED→ 07186616 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
39 FIRE AND SECURITY LIMITED→ 16274921 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
3WYZE LIMITED→ 16656643 · est 2025 · no financials extracted	—	—	—	—	—	—	—
4 CLEAN CZAR LTD→ 16222157 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
4 RINGS EXCLUSIVE LTD→ 16401703 · est 2025 · no financials extracted	—	—	—	—	—	—	—
44:44 CLEANING SERVICES LTD→ 16173854 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
4TFY LTD→ 08133063 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
4TY PLANNING LTD→ 14008547 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
5SAINTS JANITORIAL SERVICES LTD→ 15172765 · est 2023 · no financials extracted	—	—	—	—	2y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2007-10-11

Jurisdictionengland-wales

Primary SIC96090 — Other service activities n.e.c.

Registered office

9 Dane Close

Bexley

DA5 1AW

England

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-10-25

Last: 2025-10-11

Officers (1 active · 4 resigned)

LEUNG, Kwok Chi→

director · ~60y · appointed 2007-10-11

View their other companies + combined net worth →

Active

CHEUNG, Wai Hung→

secretary · appointed 2007-10-11 · resigned 2008-10-10

Resigned

LEUNG, Mona Lun Po→

secretary · appointed 2008-11-07 · resigned 2019-07-29

Resigned

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2007-10-11 · resigned 2007-10-11

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 2007-10-11 · resigned 2007-10-11

Resigned

Click a director name to see their full track record across all companies.