12B SOLICITORS LIMITED

💤Zombieactive
11824178 · ltd · incorporated 2019-02-13
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 closing · high confidence
Getting harder to buy cheaply — 5 signals strengthening over the last 30 days.
  • · Hygiene score: 50 → 90
  • · Bankability: 55 → 75
  • · Deal-killer verdict: complicated → workable
  • · Opportunity score: 62 → 72
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 5 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 5 positive signals vs 0 negative.

  • Deal-killer verdict: complicatedworkable
  • Opportunity score: 6272
  • Hygiene score: 5090
  • Bankability: 5575
  • Filings: 2021
  • +1 more
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 Jan 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (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 (58/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
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
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£17k£33k£50k£67k£84kJan 2023Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-312023-01-31
Total assets£13.4k£17.4k
Current assets£83.6k£25.5k
Net assets£599£263

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
1
filing
  • 1 accounts
Last 180 days
4
filings
  • 2 gazette
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-04-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-03-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-09-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-02-04
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  11. 2020-09-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-09-07
    IBRAHEEM, Muhammad appointed
    director
  13. 2020-09-07
    IBRAHEEM, Muhammad resigned
    director
  14. 2020-09-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-03-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-02-13
    🏢
    Company incorporated
    As 12B SOLICITORS LIMITED
  17. 2019-02-13
    KHAN, Bakhat-Nasar appointed
    director
  18. 2019-02-13
    📄
    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

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 Bakhat-Nasar Khan
Individual · British · DOB 05/1969 · age 57
75100%
75-100% shares13/02/2019

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

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
Incorporated2019-02-13
Jurisdictionengland-wales
Primary SIC69102 — Solicitors

Registered office

85 Great Portland Street,
First Floor
London
W1W 7LT
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (1 active · 1 resigned)

KHAN, Bakhat-Nasar
director · ~57y · appointed 2019-02-13
View their other companies + combined net worth →
Active
IBRAHEEM, Muhammad
director · ~50y · appointed 2020-09-07 · resigned 2020-09-07
Resigned

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

Recent filings (21 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-24
gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-01
gazette-notice-compulsory
gazette · GAZ1
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-08