ADVOCATE RESOURCES LTD

💤Zombieactive
10898285 · ltd · incorporated 2017-08-03
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 Aug 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 46720
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
23 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Average employees200200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-06-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-06-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-06-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-05-27
    JADWA, Ramesh Hirji appointed
    director
  10. 2022-05-26
    JADWA, Devshi Hirji resigned
    director
  11. 2022-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-05-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-05-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2017-08-03
    🏢
    Company incorporated
    As ADVOCATE RESOURCES LTD
  17. 2017-08-03
    JADWA, Devshi Hirji appointed
    director
  18. 2017-08-03
    📄
    incorporation-company
    incorporation · NEWINC

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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ramesh Hirji Jadwa
Individual · British · DOB 12/1981 · age 45
75100%
75-100% shares26/05/2022
1 historic (ceased) PSC
  • Mr Devshi Hirji Jadwaceased 18/05/2022· 75-100% 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
Incorporated2017-08-03
Jurisdictionengland-wales
Primary SIC46720 — SIC 46720

Registered office

14 Winton Grove
Bolton
BL3 4UX
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-06-23
Last: 2025-06-09

Officers (1 active · 1 resigned)

JADWA, Ramesh Hirji
director · ~45y · appointed 2022-05-27
View their other companies + combined net worth →
Active
JADWA, Devshi Hirji
director · ~51y · appointed 2017-08-03 · resigned 2022-05-26
Resigned

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

Recent filings (23 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-09
appoint-person-director-company-with-name-date
officers · AP01
2022-06-09
termination-director-company-with-name-termination-date
officers · TM01
2022-06-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-07