132 BLUE TV LTD

💤Zombieactive
11852849 · ltd · incorporated 2019-02-28
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
£2
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: Motion picture production activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 60200Television programming and broadcasting activities
Investor take
Special-situation opportunity
Distressed technology with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), 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: strategic trade sale (65/100).

Data confidence

Overall: high (80/100)

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

Company profile
address, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2
Cash YoY
+276%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 276% YoY
Net Worth
£2
~ YoY
Current Assets
£66k
↑ 11% YoY
Current Liabilities
£0£13k£26k£39k£52k£66kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£30.8k£30.8k
Current assets£65.5k£58.8k
Cash£3.8k£998
Debtors£61.8k£57.8k
Net assets£2£2

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-11-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-05-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-05-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-11-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-12-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-11-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-02-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-02-28
    🏢
    Company incorporated
    As 132 BLUE TV LTD
  11. 2019-02-28
    COVELEY, Matthew James appointed
    director
  12. 2019-02-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

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: 2026-03-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Matthew James Coveley
Individual · British · DOB 05/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/02/2019

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.

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🔒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.

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Company details

Statusactive
Typeltd
Incorporated2019-02-28
Jurisdictionengland-wales
Primary SIC59111 — Motion picture production activities

Registered office

10 New Court
New Road
Leigh-On-Sea
Essex
SS9 2EB
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-13OVERDUE
Last: 2025-02-27

Officers (1 active · 0 resigned)

COVELEY, Matthew James
director · ~57y · appointed 2019-02-28
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-29
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-21
gazette-notice-compulsory
gazette · GAZ1
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-02
accounts-with-accounts-type-dormant
accounts · AA
2021-02-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-29