ATHINA LIMITED

💤Zombieactive
12439094 · ltd · incorporated 2020-02-03
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 Feb 2025
Net worth
—
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Motion picture distribution activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 62020Information technology consultancy activities
  • 70100Activities of head offices
  • 73200Market research and public opinion polling
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (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, 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
8 officers (1 active, 8 linked, 8 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
37 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
55
Some acquirability indicators.
Risk profile
82
Few red flags.
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 2 confirmation-statement
Last 180 days
2
filings
  • • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-08-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-08-07
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2025-07-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-05-23
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  7. 2024-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-05-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-05-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-05-15
    ➖
    GAJENDRAN, Aarthi resigned
    director
  11. 2024-05-15
    ➖
    PREMKUMAR, Naresh resigned
    director
  12. 2024-02-28
    ➖
    GITTINS, Mark Daniel resigned
    director
  13. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2023-09-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-02-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2023-02-13
    ➕
    GITTINS, Mark Daniel appointed
    director
  18. 2022-11-30
    ➖
    ALLURI, Rama Lakshmi resigned
    director
  19. 2022-11-30
    ➖
    GITTINS, Mark Daniel resigned
    director
  20. 2022-11-30
    ➖
    KANALLER, Asha resigned
    director
  21. 2022-11-30
    ➖
    MOHAMED ISHAK, Mohamed Cassim resigned
    director
  22. 2022-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2022-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2022-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2022-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2022-11-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2022-11-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2022-11-01
    ➕
    KANALLER, Asha appointed
    director
  29. 2022-11-01
    ➕
    MOHAMED ISHAK, Mohamed Cassim appointed
    director
  30. 2021-12-01
    ➕
    ALLURI, Rama Lakshmi appointed
    director
  31. 2021-12-01
    ➕
    GITTINS, Mark Daniel appointed
    director
  32. 2021-08-01
    ➕
    GAJENDRAN, Aarthi appointed
    director
  33. 2021-08-01
    ➕
    PREMKUMAR, Naresh appointed
    director
  34. 2020-02-03
    🏢
    Company incorporated
    As ATHINA LIMITED
  35. 2020-02-03
    ➕
    PARAMASIVAM, Thiyagarajan appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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 low
Multiple registered office changes
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Thiyagarajan Paramasivam
Individual · British · DOB 05/1984 · age 42
75–100%
75–100%board control75-100% shares · 75-100% voting · board control03/02/2020

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2020-02-03
Jurisdictionengland-wales
Primary SIC59131 — Motion picture distribution activities

Registered office

Centurion House London Road
Staines-Upon-Thames
Staines
Surrey
TW18 4AX

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-05-29
Last: 2026-05-15

Officers (1 active · 7 resigned)

PARAMASIVAM, Thiyagarajan→
director · ~42y · appointed 2020-02-03
View their other companies + combined net worth →
Active
ALLURI, Rama Lakshmi→
director · ~39y · appointed 2021-12-01 · resigned 2022-11-30
Resigned
GAJENDRAN, Aarthi→
director · ~37y · appointed 2021-08-01 · resigned 2024-05-15
Resigned
GITTINS, Mark Daniel→
director · ~43y · appointed 2023-02-13 · resigned 2024-02-28
Resigned
GITTINS, Mark Daniel→
director · ~43y · appointed 2021-12-01 · resigned 2022-11-30
Resigned
KANALLER, Asha→
director · ~37y · appointed 2022-11-01 · resigned 2022-11-30
Resigned
MOHAMED ISHAK, Mohamed Cassim→
director · ~54y · appointed 2022-11-01 · resigned 2022-11-30
Resigned
PREMKUMAR, Naresh→
director · ~42y · appointed 2021-08-01 · resigned 2024-05-15
Resigned

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

Recent filings (37 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-08-07
gazette-notice-compulsory
gazette · GAZ1
2025-07-08
default-companies-house-registered-office-address-applied
address · RP05
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-28
termination-director-company-with-name-termination-date
officers · TM01
2024-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-28
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-03