39C LTD

💤Zombieactive
11977721 · ltd · incorporated 2019-05-03
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 May 2024
Net worth
£10
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 68/100 (strong), 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: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

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
10 connected companies via shared directors
75
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
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 · accounting standard not declared
Positive net assets
Net assets £10

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£10
~ YoY
Current Assets
£10
~ YoY
Current Liabilities
£0£2£4£6£8£10May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£10£10
Current assets£10£10
Net assets£10£10

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
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-07-26
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2023-07-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2023-05-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-05-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-05-03
    🏢
    Company incorporated
    As 39C LTD
  9. 2019-05-03
    GUCLU, Kemal appointed
    director
  10. 2019-05-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. 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

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: 2026-05-16

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kemal Guclu
Individual · British · DOB 01/1957 · age 69
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/05/2019

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

9 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
Incorporated2019-05-03
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

39 Groat Market
Newcastle Upon Tyne
Tyne And Wear
NE1 1UG
United Kingdom

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-16OVERDUE
Last: 2025-05-02

Officers (1 active · 0 resigned)

GUCLU, Kemal
director · ~69y · appointed 2019-05-03
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
gazette-filings-brought-up-to-date
gazette · DISS40
2023-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
gazette-notice-compulsory
gazette · GAZ1
2023-07-25
accounts-with-accounts-type-dormant
accounts · AA
2023-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-24
accounts-with-accounts-type-dormant
accounts · AA
2021-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-09
incorporation-company
incorporation · NEWINC
2019-05-03