TWISTED BARS HOLDINGS LTD

💤Zombieactive
11550556 · ltd · incorporated 2018-09-04
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 Dec 2024
Net worth
£28.9k
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed holding with salvageable qualities — special-situations priority.

Opportunity 67/100 (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: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
67/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £28,920

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£29k
~ YoY
Current Assets
£86k
↓ 76% YoY
Current Liabilities
£0£72k£144k£215k£287k£359kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£414.7k£387.9k
Current assets£85.5k£358.9k
Debtors£85.5k£358.9k
Net assets£28.9k£28.9k

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 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-09-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-09-27
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  5. 2024-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-06
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  7. 2024-03-06
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2024-03-06
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-12-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-12-11
    GLENDINNING, John Michael resigned
    director
  14. 2023-12-11
    GLENDINNING, Paul Richard resigned
    director
  15. 2023-12-11
    HOUGHTON, Nicholas John resigned
    director
  16. 2023-12-11
    WALKER, Gordon resigned
    director
  17. 2023-06-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2023-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2022-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-01-25
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  21. 2021-12-21
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2021-12-14
    ⚠️
    legacy
    insolvency · CAP-SS
  23. 2018-09-04
    🏢
    Company incorporated
    As TWISTED BARS HOLDINGS LTD
  24. 2018-09-04
    LEWIS, Adam James appointed
    director
  25. 2018-09-04
    GLENDINNING, John Michael appointed
    director
  26. 2018-09-04
    GLENDINNING, Paul Richard appointed
    director
  27. 2018-09-04
    HOUGHTON, Nicholas John appointed
    director
  28. 2018-09-04
    WALKER, Gordon appointed
    director

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 high ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-03-06: legacy; 2021-12-14: legacy

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Roger Lewis
Individual · British · DOB 02/1952 · age 74
5075%
50–75%board control50-75% shares · 50-75% voting · board control19/12/2023

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

8 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
Incorporated2018-09-04
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

The Octagon
Wells Road
Ilkley
West Yorkshire
LS29 9JB
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07

Officers (1 active · 4 resigned)

LEWIS, Adam James
director · ~48y · appointed 2018-09-04
View their other companies + combined net worth →
Active
GLENDINNING, John Michael
director · ~81y · appointed 2018-09-04 · resigned 2023-12-11
Resigned
GLENDINNING, Paul Richard
director · ~56y · appointed 2018-09-04 · resigned 2023-12-11
Resigned
HOUGHTON, Nicholas John
director · ~54y · appointed 2018-09-04 · resigned 2023-12-11
Resigned
WALKER, Gordon
director · ~53y · appointed 2018-09-04 · resigned 2023-12-11
Resigned

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

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-27
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-07
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-03-06
legacy
insolvency · CAP-SS
2024-03-06
resolution
resolution · RESOLUTIONS
2024-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14
termination-director-company-with-name-termination-date
officers · TM01
2023-12-14