DEERWORK LTD

💤Zombieactive
08032814 · ltd · incorporated 2012-04-17
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 Apr 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 02400
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 86900Other human health activities
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 73). 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 (73/100).

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, 2 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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
34 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30

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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-01-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-01-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-04-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-12-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2020-01-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-05-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-01-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-01-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-01-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-04-17
    DUPORT SECRETARY LIMITED resigned
    corporate-secretary
  17. 2012-04-17
    🏢
    Company incorporated
    As DEERWORK LTD
  18. 2012-04-17
    FULLAGAR, Nicholas Ian Victor appointed
    director
  19. 2012-04-17
    DUPORT SECRETARY LIMITED appointed
    corporate-secretary

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 73 — 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 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nicholas Ian Victor Fullagar
Individual · British · DOB 05/1953 · age 73
75100%
75-100% shares17/04/2016

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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10894145 · est 2017 · no financials extracted
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15627886 · est 2024 · no financials extracted
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09398530 · est 2015 · no financials extracted
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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
Incorporated2012-04-17
Jurisdictionengland-wales
Primary SIC02400 — SIC 02400

Registered office

24 Willingdon Road
Eastbourne
East Sussex
BN21 1TH
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (1 active · 1 resigned)

FULLAGAR, Nicholas Ian Victor
director · ~73y · appointed 2012-04-17
View their other companies + combined net worth →
Active
DUPORT SECRETARY LIMITED
corporate-secretary · appointed 2012-04-17 · resigned 2015-04-17
Resigned

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

Recent filings (34 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-22