11 ACRE LTD

💤Zombieactive
12174902 · ltd · incorporated 2019-08-27
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 Aug 2024
Net worth
£-83.3k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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 (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
85
Few red flags.
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 £83,333
Net assets shrinking
Down £160,391 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£83k
↓ 208% YoY
Current Assets
£3k
↓ 70% YoY
Current Liabilities
-£83k-£51k-£19k£13k£45k£77kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£-83.3k£77.1k
Current assets£2.8k£9.3k
Net assets£-83.3k£77.1k

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 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-02-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-05-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-01-17
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  8. 2022-01-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-04-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-08-27
    🏢
    Company incorporated
    As 11 ACRE LTD
  12. 2019-08-27
    DAVID, Nneka appointed
    secretary
  13. 2019-08-27
    DAVID, Nneka appointed
    director
  14. 2019-08-27
    📄
    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 59 — 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 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss Nneka Akwaeze
Individual · British · DOB 05/1967 · age 59
75100%
75–100%board control75-100% shares · 75-100% voting · board control27/08/2019

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2019-08-27
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-02-17
Last: 2026-02-03

Officers (2 active · 0 resigned)

DAVID, Nneka
secretary · appointed 2019-08-27
View their other companies + combined net worth →
Active
DAVID, Nneka
director · ~59y · appointed 2019-08-27
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)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-19
change-person-director-company-with-change-date
officers · CH01
2024-02-19
change-person-secretary-company-with-change-date
officers · CH03
2024-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-06
change-person-secretary-company-with-change-date
officers · CH03
2022-01-17
change-person-director-company-with-change-date
officers · CH01
2022-01-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-17
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-28