OTE RECRUITMENT GROUP LTD

🚨Distressedactive
11555721 · ltd · incorporated 2018-09-06
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2021
Net worth
£-23.4k
book net assets
Opportunity
54/100
Worth a look
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What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: high (80/100)

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
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
4 connected companies via shared directors
57
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £23,373
Very low cash
Cash position: £1
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1
↓ 100% YoY
Net Worth
-£23k
↓ 697% YoY
Current Assets
£14k
↓ 46% YoY
Current Liabilities
-£23k-£14k-£4k£6k£16k£26kSept 2020Sept 2021

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2021-09-302020-09-30
Total assets£-4.3k£17.1k
Current assets£14.0k£25.8k
Cash£1£1.1k
Net assets£-23.4k£-2.9k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2022-08-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2022-07-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2022-01-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2022-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2021-12-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2021-10-21
    📄
    dissolution-withdrawal-application-strike-off-company
    dissolution · DS02
  8. 2021-10-12
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  9. 2021-10-01
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  10. 2021-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-09-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-09-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2020-09-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-09-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-09-17
    ST JOHN, James Michael appointed
    director
  17. 2020-09-17
    ST JOHN, Sandra resigned
    director
  18. 2020-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2018-09-06
    🏢
    Company incorporated
    As OTE RECRUITMENT GROUP LTD
  21. 2018-09-06
    ST JOHN, Sandra appointed
    director
  22. 2018-09-06
    📄
    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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2023-06-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2021-09-19

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Michael St John
Individual · British · DOB 01/1975 · age 51
75100%
75-100% shares17/09/2020
1 historic (ceased) PSC
  • Mrs Sandra St Johnceased 17/09/2020· 75-100% shares · 75-100% voting · board control

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

10 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
Incorporated2018-09-06
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities

Registered office

Suite L, Kbf House
55 Victoria Road
Burgess Hill
RH15 9LH
England

Filing status

Accounts
Next due: 2023-06-30OVERDUE
Last made up to: 2021-09-30
Confirmation statement
Next due: 2021-09-19OVERDUE
Last: 2020-09-05

Officers (1 active · 1 resigned)

ST JOHN, James Michael
director · ~51y · appointed 2020-09-17
View their other companies + combined net worth →
Active
ST JOHN, Sandra
director · ~77y · appointed 2018-09-06 · resigned 2020-09-17
Resigned

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

Recent filings (20 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-08-09
gazette-notice-compulsory
gazette · GAZ1
2022-07-26
gazette-filings-brought-up-to-date
gazette · DISS40
2022-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-20
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-01-13
gazette-notice-compulsory
gazette · GAZ1
2021-12-14
dissolution-withdrawal-application-strike-off-company
dissolution · DS02
2021-10-21
gazette-notice-voluntary
gazette · GAZ1(A)
2021-10-12
dissolution-application-strike-off-company
dissolution · DS01
2021-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-01-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-09-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-22
appoint-person-director-company-with-name-date
officers · AP01
2020-09-22