ALGREEN LTD

🚨Distressedactive
12806435 · ltd · incorporated 2020-08-11
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Aug 2024
Net worth
£-163.5k
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Research and experimental development on biotechnology
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 74909Other professional, scientific and technical activities n.e.c.
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

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, 2 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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
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 £163,499
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 73% YoY
Net Worth
-£163k
↓ 198% YoY
Current Assets
£42k
↑ 4.0% YoY
Current Liabilities
-£163k-£122k-£81k-£40k£923£42kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£-163.5k£-54.8k
Current assets£42.0k£40.4k
Cash£3.0k£10.9k
Debtors£39.1k£29.6k
Net assets£-163.5k£-54.8k

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

🔒Filing-note intelligence

2 signals 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
4
filings
  • 3 officers
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-16
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  2. 2026-03-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-03-16
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  4. 2026-03-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2026-03-09
    THE BLOCK LIMITED appointed
    corporate-director
  6. 2025-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-03-09
    WANG, Zhixuan resigned
    director
  8. 2025-03-02
    YUANFENG BIOTECHNOLOGY LIMITED appointed
    corporate-director
  9. 2024-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-07-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2021-07-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-04-03
    ZHU, Lingqiao resigned
    director
  19. 2021-02-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-02-05
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2021-01-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2021-01-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2021-01-18
    ZHU, Lingqiao appointed
    director
  24. 2021-01-03
    AI, Lu resigned
    director
  25. 2020-08-11
    🏢
    Company incorporated
    As ALGREEN LTD
  26. 2020-08-11
    AI, Lu appointed
    director
  27. 2020-08-11
    WANG, Zhixuan appointed
    director
  28. 2020-08-11
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-07-26

Group structure

The Blocks Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
The Blocks Limited
Corporate parent · holds 25-50% shares
significant stake
ALGREEN LTD
This company · 12806435

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Zhixuan Wang
Individual · Chinese · DOB 08/1985 · age 41
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/08/2020
The Blocks Limited
Corporate entity
2550%
25-50% shares · firm interest12/05/2021

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

9 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
Incorporated2020-08-11
Jurisdictionengland-wales
Primary SIC72110 — Research and experimental development on biotechnology

Registered office

Lab 02, Building C, Scale Space White City
58 Wood Lane
London
W12 7RZ
England

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-07-26OVERDUE
Last: 2025-07-12

Officers (2 active · 3 resigned)

THE BLOCK LIMITED
corporate-director · appointed 2026-03-09
View their other companies + combined net worth →
Active
YUANFENG BIOTECHNOLOGY LIMITED
corporate-director · appointed 2025-03-02
View their other companies + combined net worth →
Active
AI, Lu
director · ~33y · appointed 2020-08-11 · resigned 2021-01-03
Resigned
WANG, Zhixuan
director · ~41y · appointed 2020-08-11 · resigned 2025-03-09
Resigned
ZHU, Lingqiao
director · ~35y · appointed 2021-01-18 · resigned 2021-04-03
Resigned

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

Recent filings (24 total)

appoint-corporate-director-company-with-name-date
officers · AP02
2026-03-16
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
appoint-corporate-director-company-with-name-date
officers · AP02
2026-03-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-03-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-07