10232677 LTD

💤Zombieactive
10232677 · ltd · incorporated 2016-06-15
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 Jun 2020
Net worth
book net assets
Opportunity
58/100
Worth a look
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What this business does
Primary activity: Other information service activities n.e.c.
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (69/100)

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
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jun 2019Jun 2020

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2020-06-302019-06-26

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 (16 events)Click to expand
  1. 2021-01-12
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2020-12-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2020-07-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2019-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2018-07-05
    ✏️
    change-of-name-direction
    change-of-name · CONDIR
  6. 2018-07-05
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2018-06-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2017-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2016-08-12
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2016-07-27
    GREENE, Donald appointed
    director
  11. 2016-07-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2016-07-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2016-07-27
    📄
    legacy
    miscellaneous · ANNOTATION
  14. 2016-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2016-06-15
    🏢
    Company incorporated
    As 10232677 LTD
  16. 2016-06-15
    📄
    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 71 — 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

75/100
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 71 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2022-03-31

Confirmation statement overdue
high

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

Evidence: Next due: 2020-09-23

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2016-06-15
Jurisdictionengland-wales
Primary SIC63990 — Other information service activities n.e.c.

Registered office

50 Broadway
London
SW1H 0RG
United Kingdom

Filing status

Accounts
Next due: 2022-03-31OVERDUE
Last made up to: 2020-06-30
Confirmation statement
Next due: 2020-09-23OVERDUE
Last: 2019-08-12

Officers (1 active · 0 resigned)

GREENE, Donald
director · ~71y · appointed 2016-07-27
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-01-12
gazette-notice-compulsory
gazette · GAZ1
2020-12-08
accounts-with-accounts-type-dormant
accounts · AA
2020-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2019-08-13
accounts-with-accounts-type-dormant
accounts · AA
2019-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-13
change-of-name-direction
change-of-name · CONDIR
2018-07-05
certificate-change-of-name-company
change-of-name · CERTNM
2018-07-05
accounts-with-accounts-type-dormant
accounts · AA
2018-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2017-08-15
accounts-with-accounts-type-dormant
accounts · AA
2017-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2016-08-23
resolution
resolution · RESOLUTIONS
2016-08-12
confirmation-statement-with-updates
confirmation-statement · CS01
2016-07-27
appoint-person-director-company-with-name-date
officers · AP01
2016-07-27