38 CURZON LIMITED

💤Zombieactive
09723955 · ltd · incorporated 2015-08-08
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 Feb 2025
Net worth
£-7.95M
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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 (74/100)

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
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
23 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £7,949,280
Cash YoY
+603%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£257k
↑ 603% YoY
Net Worth
-£7.9m
↓ 1.4% YoY
Current Assets
Current Liabilities
-£7.9m-£6.3m-£4.7m-£3.0m-£1.4m£257kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Cash£257.2k£36.6k
Net assets£-7.95M£-7.84M

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-06
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-05-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-02-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-08-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2015-08-08
    🏢
    Company incorporated
    As 38 CURZON LIMITED
  14. 2015-08-08
    ZAUM, Dan Lawrence appointed
    director
  15. 2015-08-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 61 — 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 signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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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.

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Company details

Statusactive
Typeltd
Incorporated2015-08-08
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

49 St James's Street
London
SW1A 1JT
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05

Officers (1 active · 0 resigned)

ZAUM, Dan Lawrence
director · ~61y · appointed 2015-08-08
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-14