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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒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
0
filings
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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05294404 · est 2004 · no financials extracted
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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