GEAR SPEC LTD

💤Zombieactive
10138207 · ltd · incorporated 2016-04-21
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 Mar 2025
Net worth
£61
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 28150
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 81-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 81). 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 (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 1 total, 1 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
77/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £61

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£61
↑ 102% YoY
Current Assets
—
Current Liabilities
—
-£3k-£3k-£2k-£1k-£648£61Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£61£-3.4k
Current assets—£59
Net assets£61£-3.5k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-04-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-08-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-07-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-08-01
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  13. 2017-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-04-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2016-04-21
    🏢
    Company incorporated
    As GEAR SPEC LTD
  16. 2016-04-21
    ➕
    MIDGLEY, Stuart appointed
    director
  17. 2016-04-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stuart Midgley
Individual · British · DOB 05/1945 · age 81
75–100%
75–100%board control75-100% shares · 75-100% voting · board control21/04/2016

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.

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Company details

Statusactive
Typeltd
Incorporated2016-04-21
Jurisdictionengland-wales
Primary SIC28150 — SIC 28150

Registered office

Holmfield Estate Holdsworth Rd Halifax Holmfield Estate
Holmfield
Halifax
West Yorkshire
HX2 9TN
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-04
Last: 2026-04-20

Officers (1 active · 0 resigned)

MIDGLEY, Stuart→
director · ~81y · appointed 2016-04-21
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-17