2XPLORE LTD
Opportunity 71/100 (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 (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-1.6k | £463 |
| Current assets | £3.3k | £3.9k |
| Cash | £3.3k | — |
| Net assets | £-5.3k | £5.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (25 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-27➖HANCOX, Mark John resigneddirector
- 2025-01-14➖COONAN, Brogan Sheridan resigneddirector
- 2024-12-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-24➕COONAN, Brogan Sheridan appointeddirector
- 2023-12-29➕CAMPBELL, Iain Alan appointeddirector
- 2023-12-29➖WALKER, Ashley Michael resigneddirector
- 2023-12-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-12-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-21🏢Company incorporatedAs 2XPLORE LTD
- 2017-12-21➕HANCOX, Mark John appointeddirector
- 2017-12-21➕WALKER, Ashley Michael appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Iain Alan Campbell Individual · British · DOB 05/1977 · age 49 | 25–50% | — | 25-50% shares | 29/12/2023 |
2 historic (ceased) PSCs
- Mrs Brogan Sheridan Coonanceased 14/01/2025· 25-50% shares
- Mr Mark John Hancoxceased 27/01/2025· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 3 resigned)
Click a director name to see their full track record across all companies.