20 DEGREES SOUTH LIMITED

💤Zombieactive
07690164 · ltd · incorporated 2011-07-01
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 Aug 2024
Net worth
£-10.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other information service activities n.e.c.
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -64% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (73/100)

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £10,334
Cash draining
Cash down 64% YoY
Cash YoY
-64%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£511
↓ 64% YoY
Net Worth
-£10k
↓ 33% YoY
Current Assets
£2k
↓ 27% YoY
Current Liabilities
-£10k-£8k-£5k-£2k£539£3kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-012023-08-01
Total assets£-10.3k£-7.8k
Current assets£2.4k£3.3k
Cash£511£1.4k
Debtors£1.9k£1.8k
Net assets£-10.3k£-7.8k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-10-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-06-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-06-01
    ATKINSON, David Paul appointed
    director
  8. 2023-05-31
    WEAVER, Alison resigned
    director
  9. 2022-07-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-07-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-04-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2012-07-02
    ATKINSON, David Paul resigned
    director
  17. 2012-07-02
    WEAVER, Alison appointed
    director
  18. 2011-07-01
    🏢
    Company incorporated
    As 20 DEGREES SOUTH LIMITED
  19. 2011-07-01
    ATKINSON, David Paul appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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
Incorporated2011-07-01
Jurisdictionengland-wales
Primary SIC63990 — Other information service activities n.e.c.

Registered office

Mill House Mill Court
Great Shelford
Cambridge
CB22 5LD
England

Filing status

Accounts
Next due: 2026-08-01
Last made up to: 2024-08-01
Confirmation statement
Next due: 2027-03-09
Last: 2026-02-23

Officers (1 active · 2 resigned)

ATKINSON, David Paul
director · ~72y · appointed 2023-06-01
View their other companies + combined net worth →
Active
ATKINSON, David Paul
director · ~72y · appointed 2011-07-01 · resigned 2012-07-02
Resigned
WEAVER, Alison
director · ~71y · appointed 2012-07-02 · resigned 2023-05-31
Resigned

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

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-24
termination-director-company-with-name-termination-date
officers · TM01
2023-06-15
appoint-person-director-company-with-name-date
officers · AP01
2023-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-01
change-person-director-company-with-change-date
officers · CH01
2022-07-21
accounts-with-accounts-type-dormant
accounts · AA
2022-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-06