FLORENCE THE DONKEY LIMITED

💤Zombieactive
07049553 · ltd · incorporated 2009-10-20
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
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Turnover
year to Dec 2024
Net worth
£-8.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 01430
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: 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 (74/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £8,361

Key financials

1 year extracted from filed iXBRL accounts
Cash
£7k
Net Worth
-£8k
Current Assets
£7k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£-8.4k
Current assets£7.0k
Cash£6.9k
Debtors£77
Net assets£-8.4k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-08-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-08-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-11-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2022-01-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-11-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-07-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-06-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-06-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-07-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-07-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-10-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-11-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2009-10-20
    🏢
    Company incorporated
    As FLORENCE THE DONKEY LIMITED
  17. 2009-10-20
    MULINGANI, Ian Michael appointed
    director

Owner dependency

98/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian Michael Mulingani
Individual · British · DOB 05/1963 · age 63
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/10/2016

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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2009-10-20
Jurisdictionengland-wales
Primary SIC01430 — SIC 01430

Registered office

Holly Grange
Holly Lane
Balsall Common
West Midlands
CV7 7EB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (1 active · 0 resigned)

MULINGANI, Ian Michael
director · ~63y · appointed 2009-10-20
View their other companies + combined net worth →
Active

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

Recent filings (42 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-dormant
accounts · AA
2023-08-08
certificate-change-of-name-company
change-of-name · CERTNM
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-dormant
accounts · AA
2022-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-dormant
accounts · AA
2020-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-20
accounts-with-accounts-type-dormant
accounts · AA
2020-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-21