DAVID GREY ASSOCIATES LTD

💤Zombieactive
12555829 · ltd · incorporated 2020-04-14
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 Apr 2025
Net worth
£952.6k
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Other activities auxiliary to financial services, except insurance and pension funding
Sector: Financial & insurance
Investor take
Special-situation opportunity
Distressed financial-services with salvageable qualities — special-situations priority.

Opportunity 61/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (65/100).

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review 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 £952,603
Net assets shrinking
Down £1,021,385 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£953k
↓ 52% YoY
Current Assets
£424k
↓ 73% YoY
Current Liabilities
£0£395k£790k£1.2m£1.6m£2.0mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£952.6k£1.97M
Current assets£424.0k£1.56M
Net assets£952.6k£1.97M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 change-of-name
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-02
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2025-08-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-02-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2025-02-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2025-02-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-02-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-02-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-09-01
    KHAN, Mahboob appointed
    director
  11. 2024-09-01
    SWEENEY, Bernard Joseph resigned
    director
  12. 2024-03-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2023-12-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-12-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2023-12-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-09-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2023-09-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2023-09-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2023-09-01
    SWEENEY, Bernard Joseph appointed
    director
  20. 2023-07-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2023-07-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2023-03-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2023-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2023-02-01
    SHAH, Syed Ali Haider resigned
    director
  25. 2022-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2020-04-14
    🏢
    Company incorporated
    As DAVID GREY ASSOCIATES LTD
  27. 2020-04-14
    SHAH, Syed Ali Haider 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 high · 1 med · 1 low
Confirmation statement overdue
high

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

Evidence: Next due: 2026-02-04

Name changed recently
medium

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

Evidence: 2026-02-02: 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mahboob Khan
Individual · British · DOB 07/1979 · age 47
75100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest01/09/2024
2 historic (ceased) PSCs
  • Mr Bernard Joseph Sweeneyceased 01/09/2024· 75-100% shares · 75-100% voting · significant influence · trust interest · firm interest
  • Mr Syed Ali Haider Shahceased 01/02/2023· 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.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2020-04-14
Jurisdictionengland-wales
Primary SIC66190 — Other activities auxiliary to financial services, except insurance and pension funding

Registered office

530 London Road
Ashford
TW15 3AE
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-02-04OVERDUE
Last: 2025-01-21

Officers (1 active · 2 resigned)

KHAN, Mahboob
director · ~47y · appointed 2024-09-01
View their other companies + combined net worth →
Active
SHAH, Syed Ali Haider
director · ~28y · appointed 2020-04-14 · resigned 2023-02-01
Resigned
SWEENEY, Bernard Joseph
director · ~81y · appointed 2023-09-01 · resigned 2024-09-01
Resigned

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

Recent filings (32 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-03
certificate-change-of-name-company
change-of-name · CERTNM
2026-02-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-07
appoint-person-director-company-with-name-date
officers · AP01
2025-02-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-07
termination-director-company-with-name-termination-date
officers · TM01
2025-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-03
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-02
change-person-director-company-with-change-date
officers · CH01
2023-12-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-26