COVERDEAL LIMITED
💤Zombieactive
06996326 · ltd · incorporated 2009-08-20
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 Aug 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Activities of open-ended investment companies
Sector: Financial & insurance
Investor take
PursueActive trading company with a 66-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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
1 live charge · oldest 16.7y
45/100
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.
- · Single lender — cleanest path to refinance.
- · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
51 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-05-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-08-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-05-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-08-15📄capital-alter-shares-subdivisioncapital · SH02
- 2024-08-14📄resolutionresolution · RESOLUTIONS
- 2024-08-14📄memorandum-articlesincorporation · MA
- 2024-02-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-01-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-08-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-08-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-08-19📄change-person-director-company-with-change-dateofficers · CH01
- 2020-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-03📄change-to-a-person-with-significant-control-without-name-datepersons-with-significant-control · PSC04
- 2009-10-26🔒Charge registered #1Lender: George Lesley Vasey and Lynn Vasey
- 2009-09-21➕TEASDALE, Andrew appointeddirector
- 2009-08-20🏢Company incorporatedAs COVERDEAL LIMITED
- 2009-08-20➕STEPHENS, Graham Robertson appointeddirector
- 2009-08-20➖STEPHENS, Graham Robertson resigneddirector
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.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
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 66. 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 17 years.
- secondaryStable-but-static management: Company is 17 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Teasdale Individual · British · DOB 06/1960 · age 66 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 11/09/2018 |
Ms Tanya Agnes Mcpartland Individual · British · DOB 04/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →Similar companies
Active · Financial services · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRIDGE THE GAP FINANCE LTD→ 15931799 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CFI 001 LIMITED→ 14995781 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CHARLES & CO. (CONSULTANTS) LIMITED→ 10334090 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CLAIRE ERRINGTON LIMITED→ 00607864 · est 1958 · no financials extracted | — | — | — | — | 67y | — | — |
| CLIFFORD JAMES LIMITED→ 10562366 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| COMMERCIAL PROPERTY FINANCE CONSULTANCY LIMITED→ 03772879 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| CRAIG GILES WEALTH MANAGEMENT LTD→ 12594999 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CRICHTON WILLS TRUSTS & PROBATE LIMITED→ 07496602 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CRUSADER CAPITAL LTD→ 16819298 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CRUSADER GROUP LEASING LTD→ 14568040 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| CULLINGFORD HENRY LIMITED→ 16608675 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| D A G FINANCIAL LTD→ 05839269 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2009-08-20
Jurisdictionengland-wales
Primary SIC64304 — Activities of open-ended investment companies
Registered office
14 Bell Villas
Ponteland
Northumberland
NE20 9BE
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-03
Last: 2025-08-20
Officers (1 active · 1 resigned)
TEASDALE, Andrew→
Activedirector · ~66y · appointed 2009-09-21
View their other companies + combined net worth →
STEPHENS, Graham Robertson→
Resigneddirector · ~76y · appointed 2009-08-20 · resigned 2009-08-20
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | George Lesley Vasey and Lynn Vasey | Legal charge | 1 property | 26/10/2009 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (51 total)
accounts-with-accounts-type-dormant
accounts · AA
2026-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-19
accounts-with-accounts-type-dormant
accounts · AA
2025-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-18
capital-alter-shares-subdivision
capital · SH02
2024-08-15
resolution
resolution · RESOLUTIONS
2024-08-14
memorandum-articles
incorporation · MA
2024-08-14
accounts-with-accounts-type-dormant
accounts · AA
2024-02-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-22
accounts-with-accounts-type-dormant
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-17
accounts-with-accounts-type-dormant
accounts · AA
2021-12-14