ACCOUNTING SOLUTIONS GROUP LTD

💤Zombieactive
11639438 · ltd · incorporated 2018-10-24
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 Oct 2024
Net worth
£-412
book net assets
Opportunity
68/100
Strong
🔔
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 69202Bookkeeping activities
  • 69203Tax consultancy
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

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, 3 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
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £412

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£412
~ YoY
Current Assets
£2
~ YoY
Current Liabilities
-£412-£329-£246-£164-£81£2Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£2£2
Current assets£2£2
Net assets£-412£-412

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
1
filing
  • 1 gazette
Last 90 days
2
filings
  • 2 gazette
Last 180 days
2
filings
  • 2 gazette
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-06-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-07-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-04-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-03-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2024-07-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-03-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-01-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-07-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-03-15
    DHANJI, Haider resigned
    director
  13. 2022-03-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-03-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2020-10-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2019-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-10-24
    🏢
    Company incorporated
    As ACCOUNTING SOLUTIONS GROUP LTD
  18. 2018-10-24
    NILKANTH, Jalesh appointed
    director
  19. 2018-10-24
    DHANJI, Haider appointed
    director
  20. 2018-10-24
    📄
    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 63 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-01-18

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jalesh Nilkanth
Individual · Indian · DOB 04/1963 · age 63
75100%
75–100%board control75-100% shares · 75-100% voting · board control24/10/2018
1 historic (ceased) PSC
  • Mr Haider Dhanjiceased 01/01/2023· 25-50% shares

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

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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
Incorporated2018-10-24
Jurisdictionengland-wales
Primary SIC69201 — Accounting and auditing activities

Registered office

3rd Floor, Forest House
16-20 Clements Road
Ilford
IG1 1BA
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-01-18OVERDUE
Last: 2025-01-04

Officers (1 active · 1 resigned)

NILKANTH, Jalesh
director · ~63y · appointed 2018-10-24
View their other companies + combined net worth →
Active
DHANJI, Haider
director · ~80y · appointed 2018-10-24 · resigned 2022-03-15
Resigned

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

Recent filings (22 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-06-06
gazette-notice-compulsory
gazette · GAZ1
2026-04-21
accounts-with-accounts-type-dormant
accounts · AA
2025-07-01
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
gazette-notice-compulsory
gazette · GAZ1
2025-03-25
accounts-with-accounts-type-dormant
accounts · AA
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-dormant
accounts · AA
2023-07-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-15