ARGYLL COVENANT ADVISORY LIMITED

💤Zombieactive
08670455 · ltd · incorporated 2013-08-30
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 Dec 2024
Net worth
£231.9k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Other activities auxiliary to insurance and pension funding
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Cash flow review and working-capital discipline. Cash down -80% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

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, 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
1 officers (1 active, 1 linked, 1 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
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £231,911
Net assets shrinking
Down £722,086 YoY
Cash draining
Cash down 80% YoY
Cash YoY
-80%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£170k
↓ 80% YoY
Net Worth
£232k
↓ 76% YoY
Current Assets
£354k
↓ 67% YoY
Current Liabilities
£0£216k£433k£649k£866k£1.1mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£231.9k£954.0k
Current assets£353.8k£1.08M
Cash£170.2k£843.3k
Debtors£183.6k£238.9k
Net assets£231.9k£954.0k

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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2024-01-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-02-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-07-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-02-16
    📄
    capital-allotment-shares
    capital · SH01
  10. 2021-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-02-19
    📄
    administrative-restoration-company
    restoration · RT01
  13. 2020-02-04
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  14. 2019-11-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2019-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2013-08-30
    🏢
    Company incorporated
    As ARGYLL COVENANT ADVISORY LIMITED
  18. 2013-08-30
    HALL, Richard John appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

58/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 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.)

Group structure

Ivatria Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ivatria Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ARGYLL COVENANT ADVISORY LIMITED
This company · 08670455

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ivatria Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/01/2024
1 historic (ceased) PSC
  • Mr Richard John Hallceased 02/01/2024· 75-100% shares

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
Incorporated2013-08-30
Jurisdictionengland-wales
Primary SIC66290 — Other activities auxiliary to insurance and pension funding

Registered office

Third Floor
207 Regent Street
London
W1B 3HH

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-02
Last: 2026-02-16

Officers (1 active · 0 resigned)

HALL, Richard John
director · ~56y · appointed 2013-08-30
View their other companies + combined net worth →
Active

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

Recent filings (35 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-01-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-18
change-person-director-company-with-change-date
officers · CH01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-16
capital-allotment-shares
capital · SH01
2022-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-28