440 DISTRIBUTION LIMITED
💤Zombieactive
07271743 · ltd · incorporated 2010-06-02
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 Feb 2025
Net worth
£850.5k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Wholesale of musical instruments
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 12.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
5 charges (5/5 with lender, 5/5 with type)
90
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
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £850,509
Cash YoY
+16%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£110k
↑ 16% YoY
Net Worth
£851k
↑ 14% YoY
Current Assets
£1.0m
↑ 11% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £990.9k | £960.8k |
| Current assets | £1.02M | £917.9k |
| Cash | £110.0k | £94.6k |
| Debtors | £295.8k | £202.0k |
| Net assets | £850.5k | £747.6k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-06📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-16🔓Charge satisfied #1
- 2023-09-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-09-09🔓Charge satisfied #2
- 2023-08-30🔒Charge registered #5Lender: Hsbc Invoice Finance (UK) LTD
- 2023-07-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-27🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2023-06-23🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2023-01-24📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-04🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2021-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-06-13🔒Charge registered #1Lender: Aldernore Invoice Finance a Division of Aldermore Bank PLC
- 2010-06-02🏢Company incorporatedAs 440 DISTRIBUTION LIMITED
- 2010-06-02➕HARRISON, Thomas David appointeddirector
Owner dependency
90/100
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 16 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
68/100
Strong succession signalMultiple 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.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas David Harrison Individual · British · DOB 07/1974 · age 52 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · LS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 10T DIGITAL SOLUTIONS LIMITED→ 17075149 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1VISIONART LTD→ 16676574 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 2C MACHINES LIMITED→ 15564764 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 2ND ACADEMIC SHOWROOM LTD→ 14297553 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 3 D AIR SALES LIMITED→ 03308799 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| 39F LIMITED→ 15122518 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 3D PLUS LTD→ 10965805 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 3PT CONSULTANTS LTD→ 13287735 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 4M ELITE INTL TRADING LTD→ 13225855 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 4SYMBOLS LTD→ 11687558 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| A BITE LTD→ 13972643 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| A C SMITH METALS LTD→ 15266622 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2010-06-02
Jurisdictionengland-wales
Primary SIC46491 — Wholesale of musical instruments
Registered office
Unit 7 Pool Business Park Pool Road
Pool In Wharfedale
Otley
LS21 1FD
England
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-06-20
Last: 2025-06-06
Officers (1 active · 0 resigned)
HARRISON, Thomas David→
Activedirector · ~52y · appointed 2010-06-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 30/08/2023 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 27/06/2023 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 23/06/2023 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 04/02/2022 | 09/09/2023 | |
| satisfied | Aldermore Aldernore Invoice Finance a Division of Aldermore Bank PLC | A registered charge | 1 property | 13/06/2013 | 16/11/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
change-person-director-company-with-change-date
officers · CH01
2025-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09