156 DECORATORS LTD

💤Zombieactive
11621485 · ltd · incorporated 2018-10-14
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 opening · high confidence
More negotiable than before — 4 signals weakening over the last 30 days.
  • · Opportunity score: 72 → 54
  • · Hygiene score: 90 → 30
  • · Bankability: 75 → 45
  • · Deal-killer verdict: workable → complicated
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 4 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

  • Deal-killer verdict: workablecomplicated
  • Opportunity score: 7254
  • Hygiene score: 9030
  • Bankability: 7545
  • ·Distress / opportunity: avoidspeculative
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 Oct 2024
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
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: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31

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 (23 events)Click to expand
  1. 2025-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-07
    MORKUNAS, Jurgis appointed
    director
  4. 2024-06-07
    VEKRIKAS, Eimutis resigned
    director
  5. 2024-06-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-06-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-06-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2024-06-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-06-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-05-15
    PETRAUSKAS, Giedrius resigned
    director
  12. 2023-05-15
    VEKRIKAS, Eimutis appointed
    director
  13. 2023-05-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2023-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2023-05-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-05-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2023-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-10-14
    🏢
    Company incorporated
    As 156 DECORATORS LTD
  22. 2018-10-14
    PETRAUSKAS, Giedrius appointed
    director
  23. 2018-10-14
    📄
    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: 2026-07-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-05-29

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jurgis Morkunas
Individual · Lithuanian · DOB 07/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/06/2024
2 historic (ceased) PSCs
  • Mr Eimutis Vekrikasceased 07/06/2024· 75-100% shares · 75-100% voting · board control
  • Mr Giedrius Petrauskasceased 15/05/2023· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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07855437 · est 2011 · no financials extracted
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08512752 · est 2013 · no financials extracted
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12253387 · est 2019 · no financials extracted
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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
Incorporated2018-10-14
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings

Registered office

85 Great Portland Street
London
W1W 7LT
England

Filing status

Accounts
Next due: 2026-07-31OVERDUE
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-29OVERDUE
Last: 2025-05-15

Officers (1 active · 2 resigned)

MORKUNAS, Jurgis
director · ~35y · appointed 2024-06-07
View their other companies + combined net worth →
Active
PETRAUSKAS, Giedrius
director · ~37y · appointed 2018-10-14 · resigned 2023-05-15
Resigned
VEKRIKAS, Eimutis
director · ~33y · appointed 2023-05-15 · resigned 2024-06-07
Resigned

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

Recent filings (24 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
appoint-person-director-company-with-name-date
officers · AP01
2024-06-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-07
termination-director-company-with-name-termination-date
officers · TM01
2024-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-15
termination-director-company-with-name-termination-date
officers · TM01
2023-05-15
appoint-person-director-company-with-name-date
officers · AP01
2023-05-15