BADBY LIMITED

💤Zombieactive
11069309 · ltd · incorporated 2017-11-17
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 2023
Net worth
£252.3k
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Fund management activities
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 54/100 (worth a look), bankability 45/100. 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: strategic trade sale (40/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (74/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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
8 connected companies via shared directors
69
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £252,281

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£252k
Current Assets
£13k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2023-09-30
Total assets£253.5k
Current assets£13.5k
Net assets£252.3k

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
0
filings
Last 180 days
3
filings
  • 2 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-02-28
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  3. 2026-02-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-09-29
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  5. 2024-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-03-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-02-27
    MERRIMAN, Christopher Robert resigned
    director
  8. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-03-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2021-11-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2021-08-25
    📄
    memorandum-articles
    incorporation · MA
  13. 2021-08-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-08-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-12-17
    📄
    capital-allotment-shares
    capital · SH01
  17. 2018-12-17
    📄
    capital-allotment-shares
    capital · SH01
  18. 2018-12-17
    📄
    capital-allotment-shares
    capital · SH01
  19. 2018-12-17
    📄
    capital-allotment-shares
    capital · SH01
  20. 2017-11-17
    🏢
    Company incorporated
    As BADBY LIMITED
  21. 2017-11-17
    BAKER, Gregory Samuel appointed
    director
  22. 2017-11-17
    MERRIMAN, Christopher Robert 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

2 high ·
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: 2025-12-29

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-11-30

Group structure

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

🏛️
Ese Capital Ltd
Corporate parent · holds 75-100% shares
ultimate parent
BADBY LIMITED
This company · 11069309

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
Ese Capital Ltd
Corporate entity
75100%
75-100% shares17/11/2017

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

10 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
Incorporated2017-11-17
Jurisdictionengland-wales
Primary SIC66300 — Fund management activities

Registered office

Woodgate House
2-8 Games Road
Cockfosters
Herts
EN4 9HN
England

Filing status

Accounts
Next due: 2025-12-29OVERDUE
Last made up to: 2023-09-30
Confirmation statement
Next due: 2025-11-30OVERDUE
Last: 2024-11-16

Officers (1 active · 1 resigned)

BAKER, Gregory Samuel
director · ~49y · appointed 2017-11-17
View their other companies + combined net worth →
Active
MERRIMAN, Christopher Robert
director · ~61y · appointed 2017-11-17 · resigned 2024-02-27
Resigned

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

Recent filings (114 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-02-28
gazette-notice-compulsory
gazette · GAZ1
2026-02-24
change-account-reference-date-company-current-shortened
accounts · AA01
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-26
termination-director-company-with-name-termination-date
officers · TM01
2024-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-11-26
memorandum-articles
incorporation · MA
2021-08-25