THE KELP RESTORATION INITIATIVE LIMITED

⚰️Wound downliquidation
11906719 · ltd · incorporated 2019-03-26
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Mar 2023
Net worth
£100
book net assets
Opportunity
29/100
Pass
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 29/100 (pass), bankability 20/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.

Data confidence

Overall: high (81/100)

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
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
29/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
5
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £100

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£100
Current Assets
£10k
Current Liabilities
£0£2k£4k£6k£8k£10kMar 2022Mar 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-03-312022-03-31
Total assets£8.37M
Current assets£10.3k
Net assets£100

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
1
filing
  • 1 insolvency
Last 180 days
3
filings
  • 2 officers
  • 1 insolvency
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-03-09
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  2. 2026-02-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-02-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-02-24
    DINSDALE, James Sebastian resigned
    director
  5. 2026-02-24
    PERCIVAL, John Martyn resigned
    director
  6. 2025-03-14
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · LIQ03
  7. 2024-01-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-01-18
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  9. 2024-01-18
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2024-01-18
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  11. 2023-11-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2023-10-24
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2022-10-14
    CADMAN, George Dearing resigned
    director
  14. 2022-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-09-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2022-06-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-06-15
    CADMAN, Giles Dearing resigned
    director
  19. 2022-06-15
    DINSDALE, James Sebastian appointed
    director
  20. 2022-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2022-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2021-09-21
    STRINGER, Simon Jeremy resigned
    director
  23. 2021-09-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2021-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2021-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2021-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2021-09-08
    CADMAN, Jack Emerson appointed
    director
  28. 2021-09-08
    CADMAN, George Dearing appointed
    director
  29. 2021-09-08
    PERCIVAL, John Martyn appointed
    director
  30. 2021-08-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  31. 2020-09-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  32. 2019-03-26
    🏢
    Company incorporated
    As THE KELP RESTORATION INITIATIVE LIMITED
  33. 2019-03-26
    CADMAN, Giles Dearing appointed
    director
  34. 2019-03-26
    STRINGER, Simon Jeremy appointed
    director

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

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Confirmation statement overdue
high

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

Evidence: Next due: 2024-04-08

Company in liquidation
high

Company is actively being wound up. Not a going concern.

4 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-03-09: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-03-14: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: DINSDALE, James Sebastian resigned 2026-02-24; PERCIVAL, John Martyn resigned 2026-02-24

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Giles Dearing Cadman
Individual · British · DOB 10/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control26/03/2019

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.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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 →
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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

Statusliquidation
Typeltd
Incorporated2019-03-26
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Jupiter House Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

Filing status

Accounts
Next due: 2024-12-31OVERDUE
Last made up to: 2023-03-31
Confirmation statement
Next due: 2024-04-08OVERDUE
Last: 2023-03-25

Officers (1 active · 5 resigned)

CADMAN, Jack Emerson
director · ~29y · appointed 2021-09-08
View their other companies + combined net worth →
Active
CADMAN, George Dearing
director · ~32y · appointed 2021-09-08 · resigned 2022-10-14
Resigned
CADMAN, Giles Dearing
director · ~57y · appointed 2019-03-26 · resigned 2022-06-15
Resigned
DINSDALE, James Sebastian
director · ~60y · appointed 2022-06-15 · resigned 2026-02-24
Resigned
PERCIVAL, John Martyn
director · ~60y · appointed 2021-09-08 · resigned 2026-02-24
Resigned
STRINGER, Simon Jeremy
director · ~52y · appointed 2019-03-26 · resigned 2021-09-21
Resigned

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

Recent filings (28 total)

liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2026-03-09
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · LIQ03
2025-03-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-18
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2024-01-18
resolution
resolution · RESOLUTIONS
2024-01-18
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2024-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-16
certificate-change-of-name-company
change-of-name · CERTNM
2023-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
termination-director-company-with-name-termination-date
officers · TM01
2022-10-14
accounts-with-accounts-type-dormant
accounts · AA
2022-09-16
termination-director-company-with-name-termination-date
officers · TM01
2022-06-17
appoint-person-director-company-with-name-date
officers · AP01
2022-06-17