AZURE GARDEN BUILDINGS LIMITED

💤Zombieactive
12526285 · ltd · incorporated 2020-03-19
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 Mar 2025
Net worth
£-137.1k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (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 (76/100)

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
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £137,144

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£137k
↓ 42% YoY
Current Assets
£28k
↑ 10% YoY
Current Liabilities
-£137k-£104k-£71k-£38k-£5k£28kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-137.1k£-94.5k
Current assets£27.7k£25.2k
Net assets£-137.1k£-96.6k

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 (21 events)Click to expand
  1. 2025-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-16
    CARLYLE, Kathryn Elizabeth resigned
    secretary
  3. 2025-09-16
    CARLYLE, Kathryn Elizabeth resigned
    director
  4. 2025-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-09-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-09-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-02-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2024-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2022-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2020-08-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-03-19
    🏢
    Company incorporated
    As AZURE GARDEN BUILDINGS LIMITED
  18. 2020-03-19
    UNDERHILL, Kevin Paul appointed
    director
  19. 2020-03-19
    CARLYLE, Kathryn Elizabeth appointed
    secretary
  20. 2020-03-19
    CARLYLE, Kathryn Elizabeth appointed
    director
  21. 2020-03-19
    📄
    incorporation-company
    incorporation · NEWINC

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

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: CARLYLE, Kathryn Elizabeth resigned 2025-09-16; CARLYLE, Kathryn Elizabeth resigned 2025-09-16

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kevin Paul Underhill
Individual · British · DOB 10/1965 · age 61
2550%
25–50%25-50% shares · 25-50% voting19/03/2020
1 historic (ceased) PSC
  • Miss Kathryn Elizabeth Carlyleceased 02/09/2025· 25-50% shares · 25-50% voting

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
Incorporated2020-03-19
Jurisdictionengland-wales
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

Azure Garden Buildings @Oldfields Of Ombersley
A449 Main Road
Ombersley
WR9 0JG
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-01
Last: 2026-03-18

Officers (1 active · 2 resigned)

UNDERHILL, Kevin Paul
director · ~61y · appointed 2020-03-19
View their other companies + combined net worth →
Active
CARLYLE, Kathryn Elizabeth
secretary · appointed 2020-03-19 · resigned 2025-09-16
Resigned
CARLYLE, Kathryn Elizabeth
director · ~42y · appointed 2020-03-19 · resigned 2025-09-16
Resigned

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

Recent filings (21 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-27
termination-director-company-with-name-termination-date
officers · TM01
2025-09-16
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-14
change-person-secretary-company-with-change-date
officers · CH03
2024-02-14
change-person-director-company-with-change-date
officers · CH01
2024-02-14
change-person-director-company-with-change-date
officers · CH01
2024-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-01