ACTION HIRE LIMITED

💤Zombieactive
07483698 · ltd · incorporated 2011-01-06
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
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£130.7k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Renting and leasing of construction and civil engineering machinery and equipment
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -44% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 9.6y

45/100
under pressure

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

  • · Oldest live charge is 9.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £130,680
Cash draining
Cash down 44% YoY
Cash YoY
-44%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 44% YoY
Net Worth
£131k
↑ 6.7% YoY
Current Assets
£139k
↑ 22% YoY
Current Liabilities
—
£0£28k£56k£83k£111k£139kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£312.9k£310.9k
Current assets£138.9k£113.5k
Cash£3.5k£6.3k
Debtors£135.4k£107.2k
Net assets£130.7k£122.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2020-09-04
    📄
    capital-name-of-class-of-shares
    capital · SH08
  8. 2020-08-26
    📄
    capital-allotment-shares
    capital · SH01
  9. 2020-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2017-11-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2017-11-10
    ➕
    LATHAM, Kevin John appointed
    director
  16. 2017-11-10
    ➖
    HUMPHREYS, Neil Lloyd resigned
    director
  17. 2017-03-04
    ➕
    HUMPHREYS, Neil Lloyd appointed
    director
  18. 2017-03-04
    ➖
    LATHAM, Kevin John resigned
    director
  19. 2017-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2017-03-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2016-10-10
    🔒
    Charge registered #1
    Lender: Annette Latham
  22. 2011-01-06
    🏢
    Company incorporated
    As ACTION HIRE LIMITED
  23. 2011-01-06
    ➕
    LATHAM, Kevin John appointed
    secretary
  24. 2011-01-06
    ➕
    LATHAM, Kevin John appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 15 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
Mr Kevin John Latham
Individual · Welsh · DOB 05/1967 · age 59
75–100%
—75-100% shares01/01/2017

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
Incorporated2011-01-06
Jurisdictionengland-wales
Primary SIC77320 — Renting and leasing of construction and civil engineering machinery and equipment

Registered office

Graig Fach Lodge
Gelliwion Road
Pontypridd
Rhondda Cynon Taff
CF37 1EY

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-09-28
Last: 2025-09-14

Officers (2 active · 2 resigned)

LATHAM, Kevin John→
secretary · appointed 2011-01-06
View their other companies + combined net worth →
Active
LATHAM, Kevin John→
director · ~59y · appointed 2017-11-10
View their other companies + combined net worth →
Active
HUMPHREYS, Neil Lloyd→
director · ~44y · appointed 2017-03-04 · resigned 2017-11-10
Resigned
LATHAM, Kevin John→
director · ~59y · appointed 2011-01-06 · resigned 2017-03-04
Resigned

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
TypeProperties
outstanding
Annette Latham
A registered charge—10/10/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-20
change-person-secretary-company-with-change-date
officers · CH03
2021-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-14
capital-name-of-class-of-shares
capital · SH08
2020-09-04
capital-allotment-shares
capital · SH01
2020-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-17