1ST CHOICE ASBESTOS ROOF REPLACEMENTS LIMITED

💤Zombieactive
11629290 · ltd · incorporated 2018-10-18
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
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Turnover
year to Jan 2025
Net worth
£306
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Roofing activities
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (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: share sale to pe / searcher (73/100).

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 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £306
Very low cash
Cash position: £56
Net assets shrinking
Down £6,972 YoY
Cash YoY
+30%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£56
↑ 30% YoY
Net Worth
£306
↓ 96% YoY
Current Assets
£11k
↓ 47% YoY
Current Liabilities
£0£4k£8k£13k£17k£21kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Current assets£11.1k£21.0k
Cash£56£43
Debtors£11.1k£20.9k
Net assets£306£7.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (15 events)Click to expand
  1. 2025-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-01
    WARD, Amanda Ruth resigned
    director
  4. 2024-08-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-04-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-04-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2018-10-18
    🏢
    Company incorporated
    As 1ST CHOICE ASBESTOS ROOF REPLACEMENTS LIMITED
  13. 2018-10-18
    WARD, Scott Adrian appointed
    director
  14. 2018-10-18
    WARD, Amanda Ruth appointed
    director
  15. 2018-10-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Scott Adrian Ward
Individual · British · DOB 09/1965 · age 61
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/10/2018

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
Incorporated2018-10-18
Jurisdictionengland-wales
Primary SIC43910 — Roofing activities

Registered office

13 Park Road
Dawlish
Devon
EX7 9LJ

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-10-31
Last: 2025-10-17

Officers (1 active · 1 resigned)

WARD, Scott Adrian
director · ~61y · appointed 2018-10-18
View their other companies + combined net worth →
Active
WARD, Amanda Ruth
director · ~58y · appointed 2018-10-18 · resigned 2025-08-01
Resigned

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

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-15
termination-director-company-with-name-termination-date
officers · TM01
2025-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-24