4WARD GROUP HOLDINGS LTD

💤Zombieactive
12892499 · ltd · incorporated 2020-09-21
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 Sept 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Business and domestic software development
Sector: Information & communication
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 80/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 0.3y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 0.3 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 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
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30

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
1
filing
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-01-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-01-19
    🔒
    Charge registered #1
    Lender: Allica Financial Services Limited
  3. 2025-08-11
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  4. 2025-08-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-06-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-06-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-05-21
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2023-06-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2020-09-21
    🏢
    Company incorporated
    As 4WARD GROUP HOLDINGS LTD
  11. 2020-09-21
    WARD, Jonathan appointed
    director
  12. 2020-09-21
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder name in company name: Company name contains director surname "WARD" — strong identity link between founder and business.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 med ·
Name changed recently
medium

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

Evidence: 2024-05-21: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jonathan Ward
Individual · British · DOB 12/1982 · age 44
75100%
75–100%board control75-100% shares · 75-100% voting · board control21/09/2020

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2020-09-21
Jurisdictionengland-wales
Primary SIC62012 — Business and domestic software development

Registered office

Fibrehub
Trevenson Lane
Redruth
TR15 3GF
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (1 active · 0 resigned)

WARD, Jonathan
director · ~44y · appointed 2020-09-21
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Allica Bank
Allica Financial Services Limited
A registered charge19/01/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-03
change-account-reference-date-company-current-extended
accounts · AA01
2025-08-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-07
accounts-with-accounts-type-dormant
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
accounts-with-accounts-type-dormant
accounts · AA
2024-06-25
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-27
accounts-with-accounts-type-dormant
accounts · AA
2023-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-22
accounts-with-accounts-type-dormant
accounts · AA
2022-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-20
incorporation-company
incorporation · NEWINC
2020-09-21