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.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 85 → 45
  • · Bankability: 85 → 65
  • · Opportunity score: 70 → 61
  • · Distress / opportunity: avoid → speculative
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 6 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: 7061
  • Hygiene score: 8545
  • Bankability: 8565
  • ·Distress / opportunity: avoidspeculative
Last 90 days

Picture worsened over the last 90 days — 3 negative signals vs 0 positive.

  • Opportunity score: 7061
  • Hygiene score: 8545
  • Bankability: 8565
  • ·Distress / opportunity: avoidspeculative
Last 180 days

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

🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: SIC 47770
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

🏦

Refinance opportunity

1 live charge · oldest 1.9y

10/100
under pressure

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

  • · Newest facility, 1.9 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
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review 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
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
3
filings
  • 1 dissolution
  • 1 gazette
  • 1 address
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-06-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-05-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2026-03-26
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  4. 2025-12-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-12-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2025-12-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-12-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-11-28
    SEARLES, Michael Ronald appointed
    director
  10. 2025-11-28
    RAI, Jasudha resigned
    director
  11. 2025-11-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  12. 2025-11-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2025-11-06
    🔓
    Charge satisfied #1
  14. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2024-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2024-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2024-09-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-08-27
    🔒
    Charge registered #1
    Lender: Nucleus Cash Flow FINANCE2 Limited
  19. 2024-06-11
    RAI, Jasudha appointed
    director
  20. 2024-06-11
    RAI, Jasudha resigned
    director
  21. 2024-06-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2024-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2024-06-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2023-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2022-06-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  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 high · 1 med · 1 low
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: 2026-06-30

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

9 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: 2026-06-30OVERDUE
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 (48 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-06-17
gazette-notice-compulsory
gazette · GAZ1
2026-05-05
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