23L LIMITED
💤Zombieactive
09648746 · ltd · incorporated 2015-06-19
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
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 (60/100)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
No iXBRL financials extracted
0
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 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
30 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.
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 (18 events)Click to expand
- 2025-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-02-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-06-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-05-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-06-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-06-17📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-10-11📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-01-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-02-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-12-07📄change-person-director-company-with-change-dateofficers · CH01
- 2017-12-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-07-17📄change-person-director-company-with-change-dateofficers · CH01
- 2015-06-19🏢Company incorporatedAs 23L LIMITED
- 2015-06-19➕BALDOCK, Richard Michael appointeddirector
Owner dependency
88/100
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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Richard Michael Baldock Individual · British · DOB 01/1967 · age 59 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Other · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 00042603 P.L.C.→ 00042603 · est 1894 · no financials extracted | — | — | — | — | 131y | — | — |
| 1 - 10 MANAGEMENT COMPANY LIMITED→ 02715803 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| 106 AND 108 CARR STREET LIMITED→ 04183427 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| 110 AMHURST ROAD MANAGEMENT COMPANY LIMITED→ 02463353 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| 12184574 LIMITED→ 12184574 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 14 CHADWICK ROAD LIMITED→ 02651262 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| 16 WOODSTOCK ROAD CROYDON LTD→ 16673094 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 16-24 CLARE STREET BRISTOL LLP→ OC421242 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 1VAA CIC→ 16573400 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 203 HAINAULT ROAD LIMITED→ 05410394 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| 23 AND 25 WILTON WAY RTM COMPANY LTD→ 08781456 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 24 BUSINESS ENVIRONMENTS LTD→ 05155652 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Incorporated2015-06-19
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999
Registered office
Quadrant House, Floor 6
4 Thomas More Square
London
E1W 1YW
United Kingdom
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19
Officers (1 active · 0 resigned)
BALDOCK, Richard Michael→
Activedirector · ~59y · appointed 2015-06-19
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (30 total)
accounts-with-accounts-type-dormant
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
accounts-with-accounts-type-dormant
accounts · AA
2025-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-dormant
accounts · AA
2024-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-22
accounts-with-accounts-type-dormant
accounts · AA
2023-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-dormant
accounts · AA
2022-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-22
accounts-with-accounts-type-dormant
accounts · AA
2021-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-17
change-person-director-company-with-change-date
officers · CH01
2020-06-17
accounts-with-accounts-type-dormant
accounts · AA
2020-02-03