BALLISTIC FM LTD

💤Zombieactive
07338683 · ltd · incorporated 2010-08-06
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 Mar 2025
Net worth
£78.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -70% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
39 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 · FRS 102
Positive net assets
Net assets £78,432
Net assets shrinking
Down £278 YoY
Cash draining
Cash down 70% YoY
Cash YoY
-70%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£17k
↓ 70% YoY
Net Worth
£78k
~ YoY
Current Assets
£83k
↓ 20% YoY
Current Liabilities
£0£21k£42k£63k£83k£104kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£79.8k£80.1k
Current assets£83.4k£104.3k
Cash£16.8k£55.6k
Debtors£36.6k£26.7k
Net assets£78.4k£78.7k

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 (18 events)Click to expand
  1. 2026-03-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-02-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-02-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2020-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2020-11-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-04-30
    MCELDERRY, Colin resigned
    director
  11. 2020-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-11-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-02-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-08-06
    🏢
    Company incorporated
    As BALLISTIC FM LTD
  17. 2010-08-06
    COOKE, Robert Oswald appointed
    director
  18. 2010-08-06
    MCELDERRY, Colin appointed
    director

Owner dependency

100/100
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 16 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 candidate

Strong 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 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

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
NameSharesVoting rightsNature of controlNotified
Mr Robert Oswald Cooke
Individual · British · DOB 05/1960 · age 66
2550%
sig. influence25-50% shares · significant influence01/07/2016
1 historic (ceased) PSC
  • Mr Colin Mcelderryceased 30/04/2020· 25-50% shares · significant influence

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

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
Incorporated2010-08-06
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

110 -114 Duke Street
Liverpool
L1 5AG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-30
Last: 2025-10-16

Officers (1 active · 1 resigned)

COOKE, Robert Oswald
director · ~66y · appointed 2010-08-06
View their other companies + combined net worth →
Active
MCELDERRY, Colin
director · ~53y · appointed 2010-08-06 · resigned 2020-04-30
Resigned

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

Recent filings (39 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-02-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-08
termination-director-company-with-name-termination-date
officers · TM01
2020-11-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-11-17