2XGL LTD
💤Zombieactive
11820372 · ltd · incorporated 2019-02-11
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 Feb 2025
Net worth
£-20.6k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 13300
Sector: Manufacturing
ALSO REGISTERED FOR
- 18129SIC 18129
- 63120Web portals
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. 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, 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
5 officers (2 active, 5 linked, 4 with DOB)
86
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
26 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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £20,647
Net assets shrinking
Down £30,217 YoY
Cash YoY
-35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
↓ 35% YoY
Net Worth
-£21k
↓ 316% YoY
Current Assets
£34k
↓ 29% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £-1.3k | £12.8k |
| Current assets | £33.9k | £47.9k |
| Cash | £2.5k | £3.8k |
| Debtors | £598 | £11.8k |
| Net assets | £-20.6k | £9.6k |
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-12-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-01➖LEIGH, Nicola Ann resigneddirector
- 2024-12-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-19➕LEIGH, Greville Latus appointeddirector
- 2023-08-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-08-10➕LEWIS, Gregory Merrett appointedsecretary
- 2023-08-10➕LEIGH, Nicola Ann appointeddirector
- 2023-08-03➖LEIGH, Greville Latus resigneddirector
- 2023-07-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-07-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-10➖LEWIS, Gregory Merrett resigneddirector
- 2021-05-14📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2021-04-13📄gazette-notice-compulsorygazette · GAZ1
- 2019-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-03-28➕LEIGH, Greville Latus appointeddirector
- 2019-02-11🏢Company incorporatedAs 2XGL LTD
- 2019-02-11➕LEWIS, Gregory Merrett appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Grev Latus Leigh Individual · English · DOB 02/1960 · age 66 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 11/02/2019 |
1 historic (ceased) PSC
- Mr Gregory Merrett Lewisceased 01/06/2023· 25-50% shares · 25-50% 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 →Similar companies
Active · Manufacturing · BS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 DELTA ENGINEERING EC LIMITED→ 02903909 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| 2601 CREATIVE PRINT LTD→ 08960428 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| 299 LIGHTING LIMITED→ 06927908 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| 2HGEN LIMITED→ 13553162 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 3DPRINTSHED LTD→ 13181658 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A.B.C. (ENAMELLING & FABRICATIONS) LIMITED→ 01291149 · est 1976 · no financials extracted | — | — | — | — | 49y | — | — |
| A&B REFURBISHMENTS LTD→ 15806069 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AB CATERING ENGINEERS LTD→ 07526924 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| ABANAKI (UK) LIMITED→ 03956717 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| ABC BLINDS (SOUTH WEST) LIMITED→ 05315124 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| ABL SOLUTIONS LIMITED→ 04655158 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ABRICHEM COMPOSITE LIMITED→ 04943668 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated2019-02-11
Jurisdictionengland-wales
Primary SIC13300 — SIC 13300
Registered office
Unit 4e Crofts End Industrial Estate
St George
Bristol
BS5 7UW
United Kingdom
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30
Officers (2 active · 3 resigned)
LEWIS, Gregory Merrett→
Activesecretary · appointed 2023-08-10
View their other companies + combined net worth →
LEIGH, Greville Latus→
Activedirector · ~66y · appointed 2024-12-19
View their other companies + combined net worth →
LEIGH, Greville Latus→
Resigneddirector · ~66y · appointed 2019-03-28 · resigned 2023-08-03
LEIGH, Nicola Ann→
Resigneddirector · ~66y · appointed 2023-08-10 · resigned 2025-01-01
LEWIS, Gregory Merrett→
Resigneddirector · ~63y · appointed 2019-02-11 · resigned 2023-07-10
Click a director name to see their full track record across all companies.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-21
termination-director-company-with-name-termination-date
officers · TM01
2025-01-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-21
termination-director-company-with-name-termination-date
officers · TM01
2023-08-15
appoint-person-secretary-company-with-name-date
officers · AP03
2023-08-14
appoint-person-director-company-with-name-date
officers · AP01
2023-08-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-19
termination-director-company-with-name-termination-date
officers · TM01
2023-07-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-19
accounts-with-accounts-type-dormant
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19