2ND CHANCE ITEMS LTD

🏛️Establishedactive
12078343 · ltd · incorporated 2019-07-01
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 70
  • · Opportunity score: 77 → 69
  • · Bankability: 75 → 65
  • · Distress / opportunity: avoid → attractive
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • Opportunity score: 7769
  • Hygiene score: 9070
  • Bankability: 7565
  • ·Distress / opportunity: avoidattractive
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Jul 2025
Net worth
£2
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: SIC 33140
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46510Wholesale of computers, computer peripheral equipment and software
Investor take
Special-situation opportunity
Distressed manufacturing with salvageable qualities — special-situations priority.

Opportunity 69/100 (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 (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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
75
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 £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£2
~ YoY
Current Assets
Current Liabilities
£0£0£1£1£2£2Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£2£2
Current assets£0
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
1
filing
  • 1 address
Last 180 days
1
filing
  • 1 address
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-01
    🏢
    Company incorporated
    As 2ND CHANCE ITEMS LTD
  9. 2019-07-01
    EVANS, Sam David appointed
    director
  10. 2019-07-01
    FIELD, Christopher Francis appointed
    director
  11. 2019-07-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 61 — 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

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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: 2026-07-14

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Sam David Evans
Individual · British · DOB 06/1988 · age 38
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2019
Mr Christopher Francis Field
Individual · British · DOB 10/1965 · age 61
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2019

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

7 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
Incorporated2019-07-01
Jurisdictionengland-wales
Primary SIC33140 — SIC 33140

Registered office

Unit 1 Lyne Mushroom Farm Longcross Road
Longcross
Chertsey
KT16 0DH
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-14OVERDUE
Last: 2025-06-30

Officers (2 active · 0 resigned)

EVANS, Sam David
director · ~38y · appointed 2019-07-01
View their other companies + combined net worth →
Active
FIELD, Christopher Francis
director · ~61y · appointed 2019-07-01
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)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-30
incorporation-company
incorporation · NEWINC
2019-07-01