2 BUILD OR NOT TO BUILD LIMITED

🏛️Establishedactive
11100902 · ltd · incorporated 2017-12-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£-30.9k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
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. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (72/100)

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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
36 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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £30,940

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£31k
Current Assets
£8k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-31
Total assets£-28.8k
Current assets£8.0k
Net assets£-30.9k

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-12-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-04-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-04-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2024-03-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2024-02-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2023-06-10
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  15. 2023-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2022-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-12-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-10-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-09-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  21. 2017-12-07
    🏢
    Company incorporated
    As 2 BUILD OR NOT TO BUILD LIMITED
  22. 2017-12-07
    ➕
    SIMOES FORMIGO VASCONCELOS, Elisabete Da Conceicao appointed
    director
  23. 2017-12-07
    ➕
    VASCONCELOS, Fernando Emerson appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Fernando Emerson Vasconcelos
Individual · Portuguese · DOB 07/1980 · age 46
25–50%
—25-50% shares01/12/2023
Elisabete Da Conceicao Simoes Formigo Vasconcelos
Individual · Portuguese · DOB 07/1983 · age 43
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest07/12/2017

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

6 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
Incorporated2017-12-07
Jurisdictionengland-wales
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Arch 11 Getyards Battersea
Culvert Place
London
SW11 5BA
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06

Officers (2 active · 0 resigned)

SIMOES FORMIGO VASCONCELOS, Elisabete Da Conceicao→
director · ~43y · appointed 2017-12-07
View their other companies + combined net worth →
Active
VASCONCELOS, Fernando Emerson→
director · ~46y · appointed 2017-12-07
View their other companies + combined net worth →
Active

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

Recent filings (36 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-11
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29