ADVANCE SHIPPING LIMITED

💤Zombieactive
06740319 · ltd · incorporated 2008-11-04
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£87.4k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 16.7y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 16.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £87,364
Net assets shrinking
Down £41,553 YoY
Cash YoY
+175%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£46k
↑ 175% YoY
Net Worth
£87k
↓ 32% YoY
Current Assets
£376k
↑ 13% YoY
Current Liabilities
£0£75k£150k£226k£301k£376kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£87.4k£128.9k
Current assets£375.9k£333.3k
Cash£45.7k£16.6k
Debtors£286.9k£283.9k
Net assets£87.4k£128.9k

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

🔒Filing-note intelligence

2 signals 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 (21 events)Click to expand
  1. 2025-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-05
    DRURY, Aidan Stephen resigned
    director
  3. 2025-08-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-09-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-09-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-08-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2021-08-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2020-07-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2020-03-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-04-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2018-09-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2017-07-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2016-06-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2015-11-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2014-11-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2010-11-30
    🔒
    Charge registered #2
    Lender: The Mayor and Commonalty & Citizens of the City of London
  18. 2009-11-05
    🔒
    Charge registered #1
    Lender: The Mayor and Commonalty and Citizens of the City of London
  19. 2008-11-04
    🏢
    Company incorporated
    As ADVANCE SHIPPING LIMITED
  20. 2008-11-04
    KOLOBOVA, Elena Valerjevna appointed
    director
  21. 2008-11-04
    DRURY, Aidan Stephen appointed
    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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong 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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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.)

Group structure

Advance Shipping Holding Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Advance Shipping Holding Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ADVANCE SHIPPING LIMITED
This company · 06740319

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Advance Shipping Holding Ltd
Corporate entity
75100%
75-100% shares06/04/2016

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 →

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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
Incorporated2008-11-04
Jurisdictionengland-wales
Primary SIC50200 — SIC 50200

Registered office

12 Mason's Avenue
London
EC2V 5BT

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-18
Last: 2025-11-04

Officers (1 active · 1 resigned)

KOLOBOVA, Elena Valerjevna
director · ~63y · appointed 2008-11-04
View their other companies + combined net worth →
Active
DRURY, Aidan Stephen
director · ~60y · appointed 2008-11-04 · resigned 2025-08-05
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
The Mayor and Commonalty & Citizens of the City of London
Rent deposit deed1 property30/11/2010
outstanding
The Mayor and Commonalty and Citizens of the City of London
Rent deposit deed1 property05/11/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-15
termination-director-company-with-name-termination-date
officers · TM01
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-14
accounts-with-accounts-type-small
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-small
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-small
accounts · AA
2022-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-small
accounts · AA
2021-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-09
accounts-with-accounts-type-small
accounts · AA
2020-07-01
change-person-director-company-with-change-date
officers · CH01
2020-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-08