45 CITADEL ROAD LTD

💤Zombieactive
10437894 · ltd · incorporated 2016-10-20
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 Oct 2024
Net worth
£-102.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £102,579

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£103k
~ YoY
Current Assets
Current Liabilities
-£103k-£102k-£102k-£102k-£102k-£102kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-102.0k£-101.3k
Net assets£-102.6k£-101.9k

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
2
filings
  • 2 officers
Last 180 days
2
filings
  • 2 officers
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-14
    WU, Shu appointed
    director
  2. 2026-04-14
    WU, Xu Qiao resigned
    director
  3. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-04-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-07-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-07-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-04-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-11-25
    📄
    restoration-order-of-court
    restoration · AC92
  12. 2021-12-07
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  13. 2021-09-21
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  14. 2021-09-09
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  15. 2021-08-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-07-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-07-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2016-10-20
    🏢
    Company incorporated
    As 45 CITADEL ROAD LTD
  20. 2016-10-20
    WU, Xu Qiao 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

San Sheng Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
San Sheng Limited
Corporate parent · holds 75-100% shares
ultimate parent
45 CITADEL ROAD LTD
This company · 10437894

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
San Sheng Limited
Corporate entity
75100%
75-100% shares20/10/2016

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
Incorporated2016-10-20
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

24 Harnwood Road
Salisbury
SP2 8DB
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (1 active · 1 resigned)

WU, Shu
director · ~37y · appointed 2026-04-14
View their other companies + combined net worth →
Active
WU, Xu Qiao
director · ~62y · appointed 2016-10-20 · resigned 2026-04-14
Resigned

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

Recent filings (26 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
appoint-person-director-company-with-name-date
officers · AP01
2026-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-21
change-person-director-company-with-change-date
officers · CH01
2024-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-01
restoration-order-of-court
restoration · AC92
2022-11-25
gazette-dissolved-voluntary
gazette · GAZ2(A)
2021-12-07