238 LTD

🏛️Establishedactive

11426532 · ltd · incorporated 2018-06-21

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 Jun 2025

Net worth

£-324.0k

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 46760

Sector: Wholesale & retail

ALSO REGISTERED FOR

46900Non-specialised wholesale trade

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -69% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (5 active, 5 linked, 5 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

7 connected companies via shared directors

Filing history

22 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £324,009

Cash draining

Cash down 69% YoY

Cash YoY

-69%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£2k

↓ 69% YoY

Net Worth

-£324k

↓ 89% YoY

Current Assets

£2k

↓ 99% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£-324.0k	£-171.5k
Current assets	£2.5k	£204.2k
Cash	£1.8k	£5.7k
Debtors	£703	£198.4k
Net assets	£-324.0k	£-171.5k

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

🔒Filing-note intelligence

2 signals 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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-03-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-21
🏢
Company incorporated
As 238 LTD
2018-06-21
➕
BROOKS, Margaret appointed
director
2018-06-21
➕
DOWNING, Michael Phillip appointed
director
2018-06-21
➕
EASTGATE, David Francis appointed
director
2018-06-21
➕
REICH, Angela appointed
director
2018-06-21
➕
TAYLOR, Paul Leslie appointed
director
2018-06-21
📄
incorporation-company
incorporation · NEWINC

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒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 →

Similar companies

Active · Wholesale & distribution · IP postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AJM CELLAR SERVICE LIMITED→ 17114998 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AMENYS LIMITED→ 12327179 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ANGEL CONCIERGE LTD→ 15126768 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ANGEL WIPES LIMITED→ 16267618 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ANGLIAN UFH LTD→ 15567074 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ANISUR RAHMAN LTD→ 16233844 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ANTU TECH LIMITED→ 17129823 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AREA VENDING SERVICES LTD→ 14174454 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ARGUSSY LTD→ 16846212 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ARMEDFORPEACE LIMITED→ 16453133 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AROMA FAMILY LTD→ 11091325 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ART OF BEAUTY CAFE LTD→ 16270323 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated2018-06-21

Jurisdictionengland-wales

Primary SIC46760 — SIC 46760

Registered office

1 London Road

Ipswich

IP1 2HA

England

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-07-04

Last: 2026-06-20

Officers (5 active · 0 resigned)

BROOKS, Margaret→

director · ~70y · appointed 2018-06-21

View their other companies + combined net worth →

Active

DOWNING, Michael Phillip→

director · ~78y · appointed 2018-06-21

View their other companies + combined net worth →

Active

EASTGATE, David Francis→

director · ~78y · appointed 2018-06-21

View their other companies + combined net worth →

Active

REICH, Angela→

director · ~77y · appointed 2018-06-21

View their other companies + combined net worth →

Active

TAYLOR, Paul Leslie→

director · ~72y · appointed 2018-06-21

View their other companies + combined net worth →

Active

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