2ND MILE CO. LTD
💤Zombieactive
13058820 · ltd · incorporated 2020-12-03
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 Dec 2024
Net worth
£15.9k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
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 (58/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 3.2y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.2 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
20 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £15,902
Net assets shrinking
Down £11,106 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£16k
↓ 41% YoY
Current Assets
£26k
↓ 4.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £19.1k | £17.5k |
| Current assets | £26.1k | £27.2k |
| Net assets | £15.9k | £27.0k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-10🔒Charge registered #3Lender: Community Enable Funding Limited Crn: 16197578
- 2025-03-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-03🔒Charge registered #2Lender: Coventry and Warwickshire Reinvestment Trust LTD
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-04-26🔒Charge registered #1Lender: Coventry and Warwickshire Reinvestment Trust LTD
- 2023-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-23➖FELTWELL, Ruzica resigneddirector
- 2021-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-02-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-03🏢Company incorporatedAs 2ND MILE CO. LTD
- 2020-12-03➕FELTWELL, Paul appointeddirector
- 2020-12-03➕FELTWELL, Ruzica appointeddirector
- 2020-12-03📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Ruzica Feltwell Individual · Croatian · DOB 04/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/08/2022 |
Mr Paul Feltwell Individual · British · DOB 09/1988 · age 38 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 03/12/2020 |
1 historic (ceased) PSC
- Mrs Ruzica Feltwellceased 23/02/2021· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · CV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 7 DAYS LOCAL COVENTRY LTD→ 12189962 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AAP LTD→ 12298868 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AAPON MINI MARKET LTD→ 16142351 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AARON SHINU LIMITED→ 08277120 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AARUBI LTD→ 11262123 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ABBY RETAIL LTD→ 11172171 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ABERCARN STORE LTD→ 08905153 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ABILIO UK LTD→ 15989523 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABIS PROFESSIONAL SERVICES LTD→ 15388718 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ABLE SNACKS LIMITED→ 10549817 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ABOUT THE BOY LIMITED→ 13417060 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ABRAHAM AND AHANA TEXTILES LTD→ 15814248 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2020-12-03
Jurisdictionengland-wales
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Registered office
5 Hilary Bevins Close
Higham-On-The-Hill
Nuneaton
CV13 6AQ
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-16
Last: 2025-12-02
Officers (1 active · 1 resigned)
FELTWELL, Paul→
Activedirector · ~38y · appointed 2020-12-03
View their other companies + combined net worth →
FELTWELL, Ruzica→
Resigneddirector · ~38y · appointed 2020-12-03 · resigned 2021-02-23
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Community Enable Funding Crn: 16197578 Community Enable Funding Limited Crn: 16197578 | A registered charge | — | 10/09/2025 | — | |
| outstanding | Coventry and Warwickshire Reinvestment Trust Coventry and Warwickshire Reinvestment Trust LTD | A registered charge | — | 03/07/2024 | — | |
| outstanding | Coventry and Warwickshire Reinvestment Trust Coventry and Warwickshire Reinvestment Trust LTD | A registered charge | — | 26/04/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (20 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-21