3RD NOVEMBER LIMITED
Opportunity 78/100 (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 (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £4.9k | £5.4k |
| Current assets | £4.9k | £5.4k |
| Net assets | £231 | £1.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 2 gazette
- • 1 confirmation-statement
Corporate timeline (19 events)Click to expand
- 2026-02-25📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-20📄gazette-notice-compulsorygazette · GAZ1
- 2025-07-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-10-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-01📄gazette-notice-compulsorygazette · GAZ1
- 2023-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-01-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-01-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-09-30➖ARASI, Folashade resigneddirector
- 2012-10-03🏢Company incorporatedAs 3RD NOVEMBER LIMITED
- 2012-10-03➕ARASI, Nurudeen, Mr. appointeddirector
- 2012-10-03➕ARASI, Folashade appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nurudeen Arasi Individual · British · DOB 11/1966 · age 60 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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.
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Registered office
Filing status
Officers (1 active · 1 resigned)
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