DRE PROPERTY GROUP LIMITED

💤Zombieactive
12277518 · ltd · incorporated 2019-10-23
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
Upgrade to see
Turnover
year to Oct 2023
Net worth
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: SIC 38110
Sector: Water supply & waste
ALSO REGISTERED FOR
  • 38120SIC 38120
  • 39000SIC 39000
  • 41100Development of building projects
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: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

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, 4 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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Oct 2022Oct 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-10-312022-10-31

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 (25 events)Click to expand
  1. 2025-11-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-10-10
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  3. 2025-09-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-05-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-05-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-05-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-05-01
    ELLIOTT, Barry William appointed
    director
  9. 2025-05-01
    ELLIOTT, Dean Robert resigned
    director
  10. 2024-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2024-01-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2024-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2024-01-11
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  14. 2024-01-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2023-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-10-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2022-12-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-12-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2022-12-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2022-09-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2022-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2021-10-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2021-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2019-10-23
    🏢
    Company incorporated
    As DRE PROPERTY GROUP LIMITED
  25. 2019-10-23
    ELLIOTT, Dean Robert appointed
    director

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: 2025-07-31

Confirmation statement overdue
high

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

Evidence: Next due: 2025-11-05

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Barry William Elliott
Individual · British · DOB 06/1966 · age 60
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/05/2025
1 historic (ceased) PSC
  • Mr Dean Robert Elliottceased 01/05/2025· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2019-10-23
Jurisdictionengland-wales
Primary SIC38110 — SIC 38110

Registered office

Edward House
Edward Street
Blyth
Northumberland
NE24 1DW
England

Filing status

Accounts
Next due: 2025-07-31OVERDUE
Last made up to: 2023-10-31
Confirmation statement
Next due: 2025-11-05OVERDUE
Last: 2024-10-22

Officers (1 active · 1 resigned)

ELLIOTT, Barry William
director · ~60y · appointed 2025-05-01
View their other companies + combined net worth →
Active
ELLIOTT, Dean Robert
director · ~26y · appointed 2019-10-23 · resigned 2025-05-01
Resigned

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

Recent filings (34 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-19
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-10-10
gazette-notice-compulsory
gazette · GAZ1
2025-09-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-12
appoint-person-director-company-with-name-date
officers · AP01
2025-05-06
termination-director-company-with-name-termination-date
officers · TM01
2025-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-31
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-25
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-01-11
gazette-notice-compulsory
gazette · GAZ1
2024-01-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-01
change-person-director-company-with-change-date
officers · CH01
2023-10-24