BLACK GARLIC (UK) LIMITED

💤Zombieactive
07350552 · ltd · incorporated 2010-08-19
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 Dec 2024
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 10390
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 13.6y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 13.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Average employees500500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-08-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-06-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-05-31
    PRINGLE, Andrew Kenneth resigned
    director
  9. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-01-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-01-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-07-07
    📄
    capital-allotment-shares
    capital · SH01
  14. 2022-07-07
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2021-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-08-12
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  20. 2017-08-19
    HEATH, Kathryn Louise appointed
    director
  21. 2015-03-09
    🔓
    Charge satisfied #1
  22. 2015-01-29
    🔒
    Charge registered #2
    Lender: Secure Trust Bank PLC
  23. 2012-11-30
    🔒
    Charge registered #1
    Lender: Aldermore Invoice Finance, a Division of Aldermore Bank PLC
  24. 2012-08-01
    HEATH, Kathryn Louise resigned
    director
  25. 2012-08-01
    PRINGLE, Andrew Kenneth appointed
    director
  26. 2010-08-19
    🏢
    Company incorporated
    As BLACK GARLIC (UK) LIMITED
  27. 2010-08-19
    HEATH, Kathryn Louise 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 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
Ms Kathryn Louise Heath
Individual · British · DOB 06/1974 · age 52
75100%
75-100% shares06/04/2016
1 historic (ceased) PSC
  • Mr Andrew Kenneth Pringleceased 15/01/2024· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2010-08-19
Jurisdictionengland-wales
Primary SIC10390 — SIC 10390

Registered office

85 Great Portland Street
First Floor
London
W1W 7LT
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (1 active · 2 resigned)

HEATH, Kathryn Louise
director · ~52y · appointed 2017-08-19
View their other companies + combined net worth →
Active
HEATH, Kathryn Louise
director · ~52y · appointed 2010-08-19 · resigned 2012-08-01
Resigned
PRINGLE, Andrew Kenneth
director · ~51y · appointed 2012-08-01 · resigned 2024-05-31
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Secure Trust Bank
Secure Trust Bank PLC
A registered charge29/01/2015
satisfied
Aldermore
Aldermore Invoice Finance, a Division of Aldermore Bank PLC
Debenture1 property30/11/201209/03/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-09
termination-director-company-with-name-termination-date
officers · TM01
2024-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-06
change-person-director-company-with-change-date
officers · CH01
2023-01-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-02