ABC SKIP HIRE LIMITED

💤Zombieactive
09802981 · ltd · incorporated 2015-10-01
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.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 70
  • · Opportunity score: 74 → 65
  • · Bankability: 75 → 65
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • Opportunity score: 7465
  • Hygiene score: 9070
  • Bankability: 7565
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Oct 2024
Net worth
£-184.9k
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 65/100. 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: distressed disposal / insolvency (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
2 officers (1 active, 2 linked, 2 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
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £184,922

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£185k
↑ 17% YoY
Current Assets
£6k
↑ 53% YoY
Current Liabilities
-£223k-£177k-£131k-£86k-£40k£6kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£-151.8k£-184.4k
Current assets£6.1k£4.0k
Net assets£-184.9k£-223.0k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-06-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2019-06-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2019-02-04
    SINGH, Garinderjeet appointed
    director
  11. 2019-02-04
    SINGH, Balwinder resigned
    director
  12. 2019-02-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-02-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-02-16
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  16. 2017-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-10-01
    🏢
    Company incorporated
    As ABC SKIP HIRE LIMITED
  18. 2015-10-01
    SINGH, Balwinder appointed
    director
  19. 2015-10-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material 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 signal

Some 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
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Garinderjeet Singh
Individual · British · DOB 09/1995 · age 31
75100%
75-100% shares04/02/2019
1 historic (ceased) PSC
  • Mr Balwinder Singhceased 04/02/2019· 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

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
Incorporated2015-10-01
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

8 Medcroft Avenue
Handsworth Wood
Birmingham
B20 1NB
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-06-17OVERDUE
Last: 2025-06-03

Officers (1 active · 1 resigned)

SINGH, Garinderjeet
director · ~31y · appointed 2019-02-04
View their other companies + combined net worth →
Active
SINGH, Balwinder
director · ~57y · appointed 2015-10-01 · resigned 2019-02-04
Resigned

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

Recent filings (25 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-09
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-06-03