39 STEPS (UK) 2021 LIMITED

💤Zombieactive
13112536 · ltd · incorporated 2021-01-05
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 Jun 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 90020Support activities to performing arts
Investor take
Pursue
Strong opportunity: active trading company 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: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
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
1 connected companies via shared directors
48
Filing history
14 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.

Key financials

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

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-30
Average employees1

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
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2023-02-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-02-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-04-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-01-05
    🏢
    Company incorporated
    As 39 STEPS (UK) 2021 LIMITED
  10. 2021-01-05
    SNAPE, Edward appointed
    director
  11. 2021-01-05
    📄
    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 60 — approaching natural succession window.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • 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.)

Group structure

Fiery Angel Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Fiery Angel Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
39 STEPS (UK) 2021 LIMITED
This company · 13112536

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Fiery Angel Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control05/01/2021

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
Incorporated2021-01-05
Jurisdictionengland-wales
Primary SIC90010 — Performing arts

Registered office

27 Mortimer Street
London
W1T 3BL
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (1 active · 0 resigned)

SNAPE, Edward
director · ~60y · appointed 2021-01-05
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-12
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
change-person-director-company-with-change-date
officers · CH01
2024-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-03-06
accounts-with-accounts-type-dormant
accounts · AA
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-18
accounts-with-accounts-type-dormant
accounts · AA
2022-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-13
incorporation-company
incorporation · NEWINC
2021-01-05