GROUND INTEGRITY LIMITED

💤Zombieactive
12282352 · ltd · incorporated 2019-10-25
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 2025
Net worth
£91.1k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (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 (58/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red 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 £91,124

Key financials

1 year extracted from filed iXBRL accounts
Cash
£30k
Net Worth
£91k
Current Assets
£125k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-31
Total assets£91.8k
Current assets£125.1k
Cash£30.3k
Debtors£94.8k
Net assets£91.1k

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
6
filings
  • 2 persons-with-significant-control
  • 1 capital
  • 1 confirmation-statement
Last 90 days
7
filings
  • 2 persons-with-significant-control
  • 2 accounts
  • 1 capital
Last 180 days
7
filings
  • 2 persons-with-significant-control
  • 2 accounts
  • 1 capital
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-07-01
    📄
    capital-name-of-class-of-shares
    capital · SH08
  2. 2026-06-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-06-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2026-06-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-06-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2026-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-09-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-08-07
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-09-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-09-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2019-10-25
    🏢
    Company incorporated
    As GROUND INTEGRITY LIMITED
  17. 2019-10-25
    EXLEY, Matthew James appointed
    director
  18. 2019-10-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

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

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

Red flags

1 med · 1 low
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-08-07: certificate-change-of-name-company

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Iain Devine
Individual · British · DOB 09/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting01/05/2026
Mr Matthew James Exley
Individual · British · DOB 07/1983 · age 43
2550%
25–50%board control25-50% shares · 25-50% voting · board control25/10/2019

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

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
Incorporated2019-10-25
Jurisdictionengland-wales
Primary SIC39000 — SIC 39000

Registered office

Unit 2b First Floor Wakefield 41 Business Park
South Park Way
Wakefield
West Yorkshire
WF2 0XJ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-07-03
Last: 2026-06-19

Officers (1 active · 0 resigned)

EXLEY, Matthew James
director · ~43y · appointed 2019-10-25
View their other companies + combined net worth →
Active

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

Recent filings (23 total)

capital-name-of-class-of-shares
capital · SH08
2026-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-06-19
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-06-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-16
certificate-change-of-name-company
change-of-name · CERTNM
2025-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-27