ADVANCED REPORTS LTD

💤Zombieactive
12886428 · ltd · incorporated 2020-09-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
£201.4k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Activities of patent and copyright agents; other legal activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 86220Specialist medical practice activities
  • 96090Other service activities n.e.c.
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (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: high (80/100)

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

Company profile
address, 3 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
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £201,393

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£201k
↑ 34% YoY
Current Assets
£254k
↑ 31% YoY
Current Liabilities
£0£51k£101k£152k£203k£254kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£201.4k£150.6k
Current assets£253.7k£193.7k
Net assets£201.4k£150.6k

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 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  7. 2020-09-17
    🏢
    Company incorporated
    As ADVANCED REPORTS LTD
  8. 2020-09-17
    MCGOWAN, Ayse appointed
    director
  9. 2020-09-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 63 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Ayse Mcgowan
Individual · British · DOB 03/1963 · age 63
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/09/2020
Dr Patrick Robert Mcgowan
Individual · British · DOB 10/1964 · age 62
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/09/2020

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

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
Incorporated2020-09-17
Jurisdictionengland-wales
Primary SIC69109 — Activities of patent and copyright agents; other legal activities

Registered office

25 Shenley Hill
Radlett
WD7 7AU
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-09-30
Last: 2025-09-16

Officers (1 active · 0 resigned)

MCGOWAN, Ayse
director · ~63y · appointed 2020-09-17
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-23
change-account-reference-date-company-current-shortened
accounts · AA01
2021-04-27
incorporation-company
incorporation · NEWINC
2020-09-17