2 COLLEGE ROAD EXETER MANAGEMENT LIMITED

💤Zombieactive
06806743 · ltd · incorporated 2009-02-02
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 Mar 2025
Net worth
£-3.1k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

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
11 officers (1 active, 11 linked, 5 with DOB)
79
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £3,075
Net assets shrinking
Down £5,149 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£3k
↓ 248% YoY
Current Assets
£4k
↓ 20% YoY
Current Liabilities
-£3k-£1k£87£2k£3k£5kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-3.1k£2.1k
Current assets£3.9k£4.8k
Net assets£-3.1k£2.1k

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
4
filings
  • 2 address
  • 1 officers
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 address
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-02-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  2. 2026-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2026-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-04-01
    BAKER & BAKER CHARTERED SURVEYORS resigned
    corporate-secretary
  6. 2024-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-11-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  9. 2023-02-24
    📄
    capital-allotment-shares
    capital · SH01
  10. 2023-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-11-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2022-08-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2022-08-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2022-08-08
    DREW PEARCE 1748 LTD resigned
    corporate-secretary
  15. 2022-08-08
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  16. 2022-08-05
    DURY, Russell John appointed
    director
  17. 2022-08-05
    BAKER & BAKER CHARTERED SURVEYORS appointed
    corporate-secretary
  18. 2022-08-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-08-01
    WILLS, Jennifer Ann resigned
    director
  20. 2022-07-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2022-07-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2022-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2022-07-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2022-06-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  25. 2022-05-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  26. 2022-02-23
    FOAKES, Charlotte resigned
    director
  27. 2020-06-25
    WILLS, Jennifer resigned
    secretary
  28. 2020-06-25
    DREW PEARCE 1748 LTD appointed
    corporate-secretary
  29. 2015-08-25
    BELLAMY, Philip Mark resigned
    director
  30. 2015-08-17
    RUSSELL, Thomas Malloy appointed
    secretary
  31. 2015-08-17
    RUSSELL, Thomas Malloy resigned
    secretary
  32. 2015-01-31
    WILLS, Jennifer appointed
    secretary
  33. 2015-01-31
    BELLAMY, Philip Mark appointed
    director
  34. 2015-01-31
    FOAKES, Charlotte appointed
    director
  35. 2015-01-30
    MUZZLEWHITE, Philip William resigned
    secretary
  36. 2012-05-11
    BELLAMY, Philip Mark resigned
    director
  37. 2011-01-01
    MUZZLEWHITE, Phillip William resigned
    secretary
  38. 2010-02-19
    MUZZLEWHITE, Phillip William appointed
    secretary
  39. 2009-10-01
    MUZZLEWHITE, Philip William appointed
    secretary
  40. 2009-02-02
    🏢
    Company incorporated
    As 2 COLLEGE ROAD EXETER MANAGEMENT LIMITED
  41. 2009-02-02
    BELLAMY, Philip Mark appointed
    director
  42. 2009-02-02
    WILLS, Jennifer Ann appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

🔒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
Incorporated2009-02-02
Jurisdictionengland-wales
Primary SIC98000 — Residents property management

Registered office

3 The Old Dairy
Newlands Park
Cullompton
EX15 1WH
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-25
Last: 2026-02-11

Officers (1 active · 10 resigned)

DURY, Russell John
director · ~47y · appointed 2022-08-05
View their other companies + combined net worth →
Active
MUZZLEWHITE, Philip William
secretary · appointed 2009-10-01 · resigned 2015-01-30
Resigned
MUZZLEWHITE, Phillip William
secretary · appointed 2010-02-19 · resigned 2011-01-01
Resigned
RUSSELL, Thomas Malloy
secretary · appointed 2015-08-17 · resigned 2015-08-17
Resigned
WILLS, Jennifer
secretary · appointed 2015-01-31 · resigned 2020-06-25
Resigned
BAKER & BAKER CHARTERED SURVEYORS
corporate-secretary · appointed 2022-08-05 · resigned 2025-04-01
Resigned
DREW PEARCE 1748 LTD
corporate-secretary · appointed 2020-06-25 · resigned 2022-08-08
Resigned
BELLAMY, Philip Mark
director · ~65y · appointed 2015-01-31 · resigned 2015-08-25
Resigned
BELLAMY, Philip Mark
director · ~65y · appointed 2009-02-02 · resigned 2012-05-11
Resigned
FOAKES, Charlotte
director · ~52y · appointed 2015-01-31 · resigned 2022-02-23
Resigned
WILLS, Jennifer Ann
director · ~74y · appointed 2009-02-02 · resigned 2022-08-01
Resigned

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

Recent filings (73 total)

termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-13
change-account-reference-date-company-previous-extended
accounts · AA01
2023-11-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-24
capital-allotment-shares
capital · SH01
2023-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-11-28
termination-secretary-company-with-name-termination-date
officers · TM02
2022-08-09