ACTIVATE LEISURE LTD
💤Zombieactive
11238544 · ltd · incorporated 2018-03-07
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 2024
Net worth
£1.70M
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (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).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 5.9y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,700,024
Key financials
1 year extracted from filed iXBRL accountsCash
£160k
Net Worth
£1.7m
Current Assets
£2.7m
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-30 |
|---|---|
| Total assets | £1.95M |
| Current assets | £2.65M |
| Cash | £160.2k |
| Debtors | £2.38M |
| Net assets | £1.70M |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-08🔒Charge registered #2Lender: Npif Nw Debt LP Acting by North West Loans Npif Gp Limited as the General Partner of Npif Nw Debt LP Acting by Fw Capital Limited
- 2021-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-28🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2019-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-03-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-11-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-09-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-09-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-03-07🏢Company incorporatedAs ACTIVATE LEISURE LTD
- 2018-03-07➕GRIFFIN, Adrian James appointeddirector
Owner dependency
80/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas Leuluai Individual · New Zealander · DOB 06/1985 · age 41 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/08/2018 |
Mr Aidan Hutchings Individual · British · DOB 04/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 31/08/2018 |
Mr Adrian James Griffin Individual · British · DOB 04/1975 · age 51 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 07/03/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Leisure & entertainment · WN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A ACKERS IR LIMITED→ 15452495 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A B C GYMNASTICS & DANCE CIC→ 07847830 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| A J E-COMMERCE LTD→ 08874162 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| A WILL AND A WAY LIMITED→ 04538926 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| ABRAM COMMUNITY CENTRE LIMITED→ 05976485 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ACADEMY OF DANCE LIMITED→ 14979979 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACTIVATE LEISURE CARDIFF LTD→ 16117598 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AFRICAN TRIBAL ART LTD→ 15451929 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AKTIVITI LTD→ 14216179 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALAN COTTAM AGENCY LIMITED→ 06246462 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| ALONGSIDE PROJECTS LTD→ 16435622 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANDREW GOULDING LIMITED→ 13803466 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2018-03-07
Jurisdictionengland-wales
Primary SIC93110 — Operation of sports facilities
Registered office
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
United Kingdom
Filing status
Accounts
Next due: 2026-08-30
Last made up to: 2024-08-30
Confirmation statement
Next due: 2027-02-17
Last: 2026-02-03
Officers (1 active · 0 resigned)
GRIFFIN, Adrian James→
Activedirector · ~51y · appointed 2018-03-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Npif Nw Debt LP Acting by North West Loans Npif Gp as the General Partner of Npif Nw Debt LP Acting by Fw Capital Npif Nw Debt LP Acting by North West Loans Npif Gp Limited as the General Partner of Npif Nw Debt LP Acting by Fw Capital Limited | A registered charge | 2 properties | 08/06/2021 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 28/07/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-03