APPOINTED REPRESENTATIVE 1 LIMITED
💤Zombieactive
09533776 · ltd · incorporated 2015-04-09
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
£209.7k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle with a 74-year-old founder — textbook succession opportunity.
Opportunity 73/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 74). 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: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
48 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
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £209,661
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£210k
↑ 54% YoY
Current Assets
£303k
↑ 2.9% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £209.7k | £136.5k |
| Current assets | £302.6k | £294.1k |
| Net assets | £209.7k | £136.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2025-09-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-26✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-09-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-09-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-24➖CLONEY, Simon John resigneddirector
- 2025-09-24➖KELLY, Robert Bernard resigneddirector
- 2025-09-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-28➖NORMAN, Andrew Stephen resigneddirector
- 2025-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-15➖PORRITT, Nicholas William resigneddirector
- 2024-08-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-03📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-12-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-12-21➕LOPEZ, Lourene appointedsecretary
- 2022-12-19➖HANNAM, Patricia Joan resignedsecretary
- 2022-10-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-14➖HOUSE, John Edward Griffin resigneddirector
- 2022-02-14➕PORRITT, Nicholas William appointeddirector
- 2022-02-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-02-15➖HANNAM, Patricia Joan resigneddirector
- 2016-02-15➕NORMAN, Andrew Stephen appointeddirector
- 2015-11-11➕KELLY, Robert Bernard appointeddirector
- 2015-10-26➕CLONEY, Simon John appointeddirector
- 2015-10-26➕HOUSE, John Edward Griffin appointeddirector
- 2015-04-09🏢Company incorporatedAs APPOINTED REPRESENTATIVE 1 LIMITED
- 2015-04-09➕READINGS, Nicholas Beresford appointeddirector
- 2015-04-09➕HANNAM, Patricia Joan appointedsecretary
- 2015-04-09➕HANNAM, Patricia Joan appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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 74 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CLONEY, Simon John resigned 2025-09-24; KELLY, Robert Bernard resigned 2025-09-24
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-09-26: certificate-change-of-name-company
Group structure
Wecoya Nordics & Baltic Underwriting Gmbh is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Wecoya Nordics & Baltic Underwriting Gmbh
Corporate parent · holds 75-100% shares · board control
⬇
APPOINTED REPRESENTATIVE 1 LIMITED
This company · 09533776
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Wecoya Nordics & Baltic Underwriting Gmbh Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 24/09/2025 |
2 historic (ceased) PSCs
- Mr Simon John Cloneyceased 24/09/2025· significant influence · trust interest
- Steadfast Re Pty Limitedceased 24/09/2025· 75-100% shares · 75-100% voting · board control
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 →Similar companies
Active · Financial services · CO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1697 LIMITED→ 10388253 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A.D.S. INSURANCE BROKERS LIMITED→ 02261242 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| ABACUS COLCHESTER LIMITED→ 06393406 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ABCO INSURANCE SERVICES LIMITED→ 04670817 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ADELANTE ASSET MANAGEMENT LIMITED→ 04643643 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| AHBCOMPANY LTD→ 11510325 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AJ PROTECT LTD→ 09216717 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| AJAX WEALTH MANAGEMENT LIMITED→ 11147499 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ANDREW CASEY FINANCIAL SERVICES LTD→ 08115313 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| APPLEBY WEALTH MANAGEMENT LTD→ 11180852 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| AQUAMERCANTILE LIMITED→ 03759186 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ARC LEGAL ASSISTANCE LIMITED→ 04672894 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
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
Incorporated2015-04-09
Jurisdictionengland-wales
Primary SIC66220 — Activities of insurance agents and brokers
Registered office
5 Churchwell Avenue
Easthorpe
Colchester
Essex
CO5 9HN
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20
Officers (2 active · 7 resigned)
Active
READINGS, Nicholas Beresford→
Activedirector · ~74y · appointed 2015-04-09
View their other companies + combined net worth →
HANNAM, Patricia Joan→
Resignedsecretary · appointed 2015-04-09 · resigned 2022-12-19
CLONEY, Simon John→
Resigneddirector · ~60y · appointed 2015-10-26 · resigned 2025-09-24
HANNAM, Patricia Joan→
Resigneddirector · ~71y · appointed 2015-04-09 · resigned 2016-02-15
HOUSE, John Edward Griffin→
Resigneddirector · ~86y · appointed 2015-10-26 · resigned 2022-02-14
KELLY, Robert Bernard→
Resigneddirector · ~79y · appointed 2015-11-11 · resigned 2025-09-24
NORMAN, Andrew Stephen→
Resigneddirector · ~50y · appointed 2016-02-15 · resigned 2025-02-28
PORRITT, Nicholas William→
Resigneddirector · ~70y · appointed 2022-02-14 · resigned 2024-12-15
Click a director name to see their full track record across all companies.
Recent filings (48 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-29
certificate-change-of-name-company
change-of-name · CERTNM
2025-09-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-25
termination-director-company-with-name-termination-date
officers · TM01
2025-09-24
termination-director-company-with-name-termination-date
officers · TM01
2025-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
termination-director-company-with-name-termination-date
officers · TM01
2025-03-03
termination-director-company-with-name-termination-date
officers · TM01
2025-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
change-person-director-company-with-change-date
officers · CH01
2023-11-07