WH (NEATH) LTD

💤Zombieactive
11519348 · ltd · incorporated 2018-08-15
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 Oct 2024
Net worth
£-67.7k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 72190Other research and experimental development on natural sciences and engineering
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (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: medium (75/100)

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
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 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £67,712
Very low cash
Cash position: £3

Key financials

1 year extracted from filed iXBRL accounts
Cash
£3
Net Worth
-£68k
Current Assets
£3
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-31
Total assets£-54.7k
Current assets£3
Cash£3
Net assets£-67.7k

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-09-27
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2024-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-09-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-05-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2020-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-02
    WAKELY, David Sidney resigned
    director
  14. 2019-10-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2019-10-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-08-15
    🏢
    Company incorporated
    As WH (NEATH) LTD
  17. 2018-08-15
    BELLIS, David Robert appointed
    director
  18. 2018-08-15
    WAKELY, David Sidney appointed
    director
  19. 2018-08-15
    📄
    incorporation-company
    incorporation · NEWINC

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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-09-27: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Robert Bellis
Individual · British · DOB 01/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control15/08/2018
1 historic (ceased) PSC
  • Mr David Sidney Wakelyceased 02/10/2019· 25-50% shares · 25-50% voting

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

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
Incorporated2018-08-15
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

8 Axis Court Mallard Way
Riverside Business Park
Swansea
SA7 0AJ
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-05-08
Last: 2026-04-24

Officers (1 active · 1 resigned)

BELLIS, David Robert
director · ~42y · appointed 2018-08-15
View their other companies + combined net worth →
Active
WAKELY, David Sidney
director · ~41y · appointed 2018-08-15 · resigned 2019-10-02
Resigned

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

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-24
change-account-reference-date-company-previous-extended
accounts · AA01
2025-04-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
certificate-change-of-name-company
change-of-name · CERTNM
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-04
gazette-filings-brought-up-to-date
gazette · DISS40
2023-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
gazette-notice-compulsory
gazette · GAZ1
2023-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30