ALTERATIONS BY MICHELE LIMITED

💤Zombieactive
12415402 · ltd · incorporated 2020-01-21
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 Jan 2025
Net worth
£-691
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 13990
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: distressed disposal / insolvency (65/100).

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
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 £691
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £988 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£691
↓ 333% YoY
Current Assets
£2k
↓ 32% YoY
Current Liabilities
-£691£105£902£2k£2k£3kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£2.3k£1.4k
Current assets£2.2k£3.3k
Net assets£-691£297

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-24
    📄
    administrative-restoration-company
    restoration · RT01
  8. 2021-07-27
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  9. 2021-05-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2020-01-21
    🏢
    Company incorporated
    As ALTERATIONS BY MICHELE LIMITED
  11. 2020-01-21
    MUIR, Michele appointed
    director
  12. 2020-01-21
    📄
    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 6 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

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
Mrs Michele Muir
Individual · British · DOB 01/1970 · age 56
75100%
75–100%75-100% shares · 75-100% voting21/01/2020

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

Similar companies

Active · Manufacturing · DL postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A & N SUPPLIES LTD
16467227 · est 2025 · no financials extracted
A.R.JOLLY LIMITED
00539975 · est 1954 · no financials extracted
71y
ALLURE DEVCO1 LIMITED
14425064 · est 2022 · no financials extracted
3y
AMAZED LIMITED
04847303 · est 2003 · no financials extracted
22y
ANTHONY NIXON FURNITURE LIMITED
04600940 · est 2002 · no financials extracted
23y
APPLETREE JOINERY PRODUCTS LIMITED
01931775 · est 1985 · no financials extracted
40y
ARROW ALIGNMENT LTD
07522431 · est 2011 · no financials extracted
15y
ASHBURN ENGINEERING LTD
12307681 · est 2019 · no financials extracted
6y
ASQUITH INTERIORS LIMITED
09379561 · est 2015 · no financials extracted
11y
ASSOCIATED MAINTENANCE SERVICES LTD
09217736 · est 2014 · no financials extracted
11y
ASTARRA LTD
11513405 · est 2018 · no financials extracted
7y
ATAG DESIGN LTD
14748153 · est 2023 · no financials extracted
3y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2020-01-21
Jurisdictionengland-wales
Primary SIC13990 — SIC 13990

Registered office

7 Kestrel Court
Newton Aycliffe
Co Durham
DL5 7GA

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (1 active · 0 resigned)

MUIR, Michele
director · ~56y · appointed 2020-01-21
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-24
administrative-restoration-company
restoration · RT01
2022-02-24
gazette-dissolved-compulsory
gazette · GAZ2
2021-07-27
gazette-notice-compulsory
gazette · GAZ1
2021-05-11