ALTERNATIVE APPROACH SUPPORTED ACCOMMODATION LTD

💤Zombieactive
10698188 · ltd · incorporated 2017-03-30
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
£143.4k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 85600Educational support services
  • 87200Residential care activities for learning difficulties, mental health and substance abuse
  • 87900Other residential care activities n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 80/100. 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 4.2y

35/100
under pressure

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

  • · Charge age ~4.2 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

Company profile
address, 4 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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £143,412
Net assets shrinking
Down £70,878 YoY
Cash YoY
+76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£156k
↑ 76% YoY
Net Worth
£143k
↓ 33% YoY
Current Assets
£866k
↓ 12% YoY
Current Liabilities
£0£197k£394k£592k£789k£986kMar 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£362.5k£476.2k
Current assets£866.2k£986.1k
Cash£156.3k£89.0k
Debtors£709.9k£897.2k
Net assets£143.4k£214.3k

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
3
filings
  • 1 change-of-name
  • 1 gazette
  • 1 accounts
Last 180 days
5
filings
  • 2 gazette
  • 1 change-of-name
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2026-04-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2026-03-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2026-03-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-10-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-10-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-10-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2025-04-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2025-03-21
    FARRELLY, Teresa Alero resigned
    director
  12. 2025-01-16
    FARRELLY, Teresa Alero appointed
    director
  13. 2025-01-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2024-11-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2024-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2024-10-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2024-09-19
    JEFFS, Michael James resigned
    director
  18. 2024-09-19
    WHARTON, Liam Anthony resigned
    director
  19. 2024-09-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2024-09-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2024-09-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2024-09-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  23. 2024-09-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2024-06-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2024-06-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  26. 2024-06-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  27. 2022-04-07
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  28. 2017-03-30
    🏢
    Company incorporated
    As ALTERNATIVE APPROACH SUPPORTED ACCOMMODATION LTD
  29. 2017-03-30
    CANADY, Jeremiah Joseph appointed
    director
  30. 2017-03-30
    JEFFS, Michael James appointed
    director
  31. 2017-03-30
    WHARTON, Liam Anthony 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 ·
Name changed recently
medium

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

Evidence: 2026-04-19: certificate-change-of-name-company

Group structure

Alternative Approach Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Alternative Approach Group Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
ALTERNATIVE APPROACH SUPPORTED ACCOMMODATION LTD
This company · 10698188

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
Alternative Approach Group Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/04/2025
5 historic (ceased) PSCs
  • Mrs Katy Canadyceased 01/04/2025· 25-50% shares · 25-50% voting
  • Mr Jeremiah Joseph Canadyceased 01/04/2025· 25-50% shares · 25-50% voting
  • Mr Michael James Jeffsceased 19/09/2024· 25-50% shares · 25-50% voting
  • Mr Liam Anthony Whartonceased 19/09/2024· 25-50% shares · 25-50% voting
  • Mr Jeremiah Joseph Canadyceased 12/06/2024· significant influence

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
Incorporated2017-03-30
Jurisdictionengland-wales
Primary SIC55900 — Other accommodation

Registered office

Unit 2 Rossmore Business Village
Inward Way
Ellesmere Port
CH65 3EY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-03
Last: 2025-09-19

Officers (1 active · 3 resigned)

CANADY, Jeremiah Joseph
director · ~38y · appointed 2017-03-30
View their other companies + combined net worth →
Active
FARRELLY, Teresa Alero
director · ~61y · appointed 2025-01-16 · resigned 2025-03-21
Resigned
JEFFS, Michael James
director · ~39y · appointed 2017-03-30 · resigned 2024-09-19
Resigned
WHARTON, Liam Anthony
director · ~38y · appointed 2017-03-30 · resigned 2024-09-19
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge07/04/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-04-19
gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-03-17
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-10-02
termination-director-company-with-name-termination-date
officers · TM01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
appoint-person-director-company-with-name-date
officers · AP01
2025-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-31