ADVANCE COATINGS LTD
💤Zombieactive
08345409 · ltd · incorporated 2013-01-03
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 Jan 2025
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 20301
Sector: Manufacturing
ALSO REGISTERED FOR
- 32990Other manufacturing n.e.c.
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 11.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.2 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, 3 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
4 officers (1 active, 4 linked, 4 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
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | — | £28.7k |
| Current assets | — | £4.3k |
| Net assets | — | £28.7k |
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
1
filing
- • 1 gazette
Last 90 days
1
filing
- • 1 gazette
Last 180 days
3
filings
- • 2 gazette
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-07-07📄gazette-notice-compulsorygazette · GAZ1
- 2026-01-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-30📄gazette-notice-compulsorygazette · GAZ1
- 2025-08-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-06-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-05-27📄gazette-notice-compulsorygazette · GAZ1
- 2024-06-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-12📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-06-04📄gazette-notice-compulsorygazette · GAZ1
- 2023-10-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-06-17📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-06-06📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-23📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-02-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-01-03📄gazette-notice-compulsorygazette · GAZ1
- 2021-03-01➕NAGAR, Ishwar Thapa appointeddirector
- 2021-03-01➖AHMED, Wakas resigneddirector
- 2018-04-12➕AHMED, Wakas appointeddirector
- 2018-04-09➖BOJOROVAS, Marius resigneddirector
- 2016-09-08➖WEIGERT, Beverly resigneddirector
- 2016-09-07➕BOJOROVAS, Marius appointeddirector
- 2015-04-24🔒Charge registered #2Lender: Montello Private Finance General Partners Limited
- 2015-04-24🔒Charge registered #1Lender: Montello Private Finance General Partners Limited
- 2013-01-03🏢Company incorporatedAs ADVANCE COATINGS LTD
- 2013-01-03➕WEIGERT, Beverly appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-25
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ishwar Thapa Nagar Individual · Nepalese · DOB 06/1985 · age 41 | 75–100% | — | 75-100% shares | 01/03/2021 |
1 historic (ceased) PSC
- Mr Wakas Ahmedceased 01/03/2021· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A. G. PRECISION (HUNTINGDON) LIMITED→ 01115627 · est 1973 · no financials extracted | — | — | — | — | 52y | — | — |
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| ADLER LONDON LTD→ 15951952 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADLK PHOTOGRAPHY LTD→ 16715141 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADON BRANDS LTD→ 17047064 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ADS SALES & SERVICES LIMITED→ 11658357 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVANCED BIOTHERAPEUTICS LTD→ 12581401 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ADVANCED DESIGN & DISPLAY LIMITED→ 17033034 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2013-01-03
Jurisdictionengland-wales
Primary SIC20301 — SIC 20301
Registered office
20-22 Wenlock Road
London
N1 7GU
England
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-03-25OVERDUE
Last: 2025-03-11
Officers (1 active · 3 resigned)
NAGAR, Ishwar Thapa→
Activedirector · ~41y · appointed 2021-03-01
View their other companies + combined net worth →
AHMED, Wakas→
Resigneddirector · ~39y · appointed 2018-04-12 · resigned 2021-03-01
BOJOROVAS, Marius→
Resigneddirector · ~35y · appointed 2016-09-07 · resigned 2018-04-09
WEIGERT, Beverly→
Resigneddirector · ~64y · appointed 2013-01-03 · resigned 2016-09-08
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Montello Private Finance General Partners Montello Private Finance General Partners Limited | A registered charge | 1 property | 24/04/2015 | — | |
| outstanding | Montello Private Finance General Partners Montello Private Finance General Partners Limited | A registered charge | 1 property | 24/04/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (64 total)
gazette-notice-compulsory
gazette · GAZ1
2026-07-07
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-15
gazette-notice-compulsory
gazette · GAZ1
2025-12-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-06-11
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-22
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
gazette-notice-compulsory
gazette · GAZ1
2024-06-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-24
gazette-filings-brought-up-to-date
gazette · DISS40
2023-06-21