ALPS SOURCING LTD

🚨Distressedactive
12063112 · ltd · incorporated 2019-06-21
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2024
Net worth
£-20.8k
book net assets
Opportunity
58/100
Worth a look
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 monthly review.

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
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
10 connected companies via shared directors
75
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
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
Negative net assets
Liabilities exceed assets by £20,813
Net assets shrinking
Down £21,495 YoY
Cash YoY
+516%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
↑ 516% YoY
Net Worth
-£21k
↓ 3152% YoY
Current Assets
£37k
↓ 21% YoY
Current Liabilities
-£21k-£7k£6k£20k£34k£47kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£-6.9k£15.2k
Current assets£37.3k£47.3k
Cash£7.6k£1.2k
Debtors£29.6k£46.0k
Net assets£-20.8k£682

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
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-06-17
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-05-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-03-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-03-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-02-25
    SIDANA, Priya resigned
    director
  9. 2024-12-04
    SIDANA, Priya appointed
    director
  10. 2024-12-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-06-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-06-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-10-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-10-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2022-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-06-21
    🏢
    Company incorporated
    As ALPS SOURCING LTD
  22. 2019-06-21
    SIDANA, Ajay appointed
    director
  23. 2019-06-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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 60 — approaching natural succession window.

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 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
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: 2026-03-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-07-04

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ajay Sidana
Individual · British · DOB 10/1966 · age 60
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/06/2019

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

10 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
Incorporated2019-06-21
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

Charles House
Pilsworth Road
Heywood
Lancashire
OL10 2TA
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-04OVERDUE
Last: 2025-06-20

Officers (1 active · 1 resigned)

SIDANA, Ajay
director · ~60y · appointed 2019-06-21
View their other companies + combined net worth →
Active
SIDANA, Priya
director · ~56y · appointed 2024-12-04 · resigned 2025-02-25
Resigned

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

Recent filings (25 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-06-17
gazette-notice-compulsory
gazette · GAZ1
2026-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
change-person-director-company-with-change-date
officers · CH01
2025-03-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-22
termination-director-company-with-name-termination-date
officers · TM01
2025-03-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-20
change-person-director-company-with-change-date
officers · CH01
2023-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30