2020 WORKHUB LTD

💤Zombieactive
11969173 · ltd · incorporated 2019-04-29
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
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Turnover
year to Oct 2024
Net worth
£386.7k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Activities of open-ended investment companies
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 71/100 (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: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. 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, 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
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
2 connected companies via shared directors
51
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £386,711
Net assets shrinking
Down £3,322 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£387k
~ YoY
Current Assets
£387k
~ YoY
Current Liabilities
£0£78k£156k£234k£312k£390kOct 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£386.7k£390.0k
Current assets£386.6k£389.5k
Net assets£386.7k£390.0k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-01-18
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2023-01-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-09-08
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  8. 2020-09-08
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2020-09-08
    📄
    legacy
    capital · SH20
  10. 2020-09-08
    ⚠️
    legacy
    insolvency · CAP-SS
  11. 2020-06-04
    📄
    capital-allotment-shares
    capital · SH01
  12. 2019-04-29
    🏢
    Company incorporated
    As 2020 WORKHUB LTD
  13. 2019-04-29
    HULBERT, Anthony John appointed
    director
  14. 2019-04-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 62 — approaching natural succession window.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
1 insolvency-related filing on record
high

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

Evidence: 2020-09-08: legacy

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Anthony John Hulbert
Individual · British · DOB 09/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/04/2019

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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15187570 · est 2023 · no financials extracted
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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
Incorporated2019-04-29
Jurisdictionengland-wales
Primary SIC64304 — Activities of open-ended investment companies

Registered office

7 Sandy Court
Ashleigh Way, Langage Business Park
Plymouth
Devon
PL7 5JX
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-12
Last: 2025-04-28

Officers (1 active · 0 resigned)

HULBERT, Anthony John
director · ~62y · appointed 2019-04-29
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
change-account-reference-date-company-previous-extended
accounts · AA01
2024-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-10
accounts-with-accounts-type-dormant
accounts · AA
2021-04-19
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2020-09-08
resolution
resolution · RESOLUTIONS
2020-09-08
legacy
capital · SH20
2020-09-08
legacy
insolvency · CAP-SS
2020-09-08