24K JEWELLERS LTD

💤Zombieactive
10402575 · ltd · incorporated 2016-09-29
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 Sept 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 47770
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 85/100. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.7y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 1.7 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
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£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2024-09-302023-09-30
Average employees400500

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
1
filing
  • 1 address
Last 180 days
9
filings
  • 2 address
  • 2 officers
  • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-26
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  2. 2025-12-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-12-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-12-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-11-28
    SEARLES, Michael Ronald appointed
    director
  8. 2025-11-28
    RAI, Jasudha resigned
    director
  9. 2025-11-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2025-11-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2025-11-06
    🔓
    Charge satisfied #1
  12. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2024-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2024-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2024-09-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2024-08-27
    🔒
    Charge registered #1
    Lender: Nucleus Cash Flow FINANCE2 Limited
  17. 2024-06-11
    RAI, Jasudha appointed
    director
  18. 2024-06-11
    RAI, Jasudha resigned
    director
  19. 2024-06-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2024-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2024-06-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2023-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-06-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  25. 2022-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2022-05-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  27. 2016-09-29
    🏢
    Company incorporated
    As 24K JEWELLERS LTD
  28. 2016-09-29
    RAI, Jasudha appointed
    director

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 med · 1 low
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-11-25: certificate-change-of-name-company

Multiple registered office changes
low

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

Group structure

Bolt Capital Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bolt Capital Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
24K JEWELLERS LTD
This company · 10402575

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bolt Capital Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting28/11/2025
3 historic (ceased) PSCs
  • Mrs Jasudha Raiceased 28/11/2025· 75-100% shares
  • Mr Suman Raiceased 15/10/2024· 50-75% shares · 50-75% voting · board control · significant influence · trust interest · firm interest
  • Mrs Jasudha Raiceased 01/11/2019· 25-50% shares

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 →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2016-09-29
Jurisdictionengland-wales
Primary SIC47770 — SIC 47770

Registered office

10402575 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28

Officers (1 active · 2 resigned)

SEARLES, Michael Ronald
director · ~48y · appointed 2025-11-28
View their other companies + combined net worth →
Active
RAI, Jasudha
director · ~47y · appointed 2024-06-11 · resigned 2025-11-28
Resigned
RAI, Jasudha
director · ~47y · appointed 2016-09-29 · resigned 2024-06-11
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Nucleus Cash Flow FINANCE2
Nucleus Cash Flow FINANCE2 Limited
A registered charge27/08/202406/11/2025

Recent filings (46 total)

default-companies-house-registered-office-address-applied
address · RP05
2026-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-01
appoint-person-director-company-with-name-date
officers · AP01
2025-12-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-12-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-01
termination-director-company-with-name-termination-date
officers · TM01
2025-12-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-01
certificate-change-of-name-company
change-of-name · CERTNM
2025-11-25
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-02