LPG SYSTEMS UK LTD

💤Zombieactive
13116124 · ltd · incorporated 2021-01-06
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 Dec 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (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).

Data confidence

Overall: medium (60/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
18 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
55
Some acquirability indicators.
Risk profile
77
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
Metric2024-12-31
Average employees800

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
6
filings
  • 4 officers
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2026-01-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-01-20
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  4. 2026-01-20
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  5. 2026-01-12
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  6. 2026-01-05
    ALTIOS INTERNATIONAL UK LIMITED appointed
    corporate-secretary
  7. 2026-01-05
    ALTIOS CONSULTING LIMITED resigned
    corporate-secretary
  8. 2025-12-01
    HAYEK-ROCQUE, Lydie appointed
    director
  9. 2025-12-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-11-30
    GEE, Thierry Paul Xavier Roger resigned
    director
  11. 2025-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-07-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2024-08-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-01-06
    🏢
    Company incorporated
    As LPG SYSTEMS UK LTD
  17. 2021-01-06
    ALTIOS CONSULTING LIMITED appointed
    corporate-secretary
  18. 2021-01-06
    GEE, Thierry Paul Xavier Roger appointed
    director
  19. 2021-01-06
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  20. 2021-01-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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 ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ALTIOS CONSULTING LIMITED resigned 2026-01-05; GEE, Thierry Paul Xavier Roger resigned 2025-11-30

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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
Incorporated2021-01-06
Jurisdictionengland-wales
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

Wilberforce House
Station Road
London
NW4 4QE
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (2 active · 2 resigned)

ALTIOS INTERNATIONAL UK LIMITED
corporate-secretary · appointed 2026-01-05
View their other companies + combined net worth →
Active
HAYEK-ROCQUE, Lydie
director · ~50y · appointed 2025-12-01
View their other companies + combined net worth →
Active
ALTIOS CONSULTING LIMITED
corporate-secretary · appointed 2021-01-06 · resigned 2026-01-05
Resigned
GEE, Thierry Paul Xavier Roger
director · ~55y · appointed 2021-01-06 · resigned 2025-11-30
Resigned

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

Recent filings (18 total)

accounts-with-accounts-type-small
accounts · AA
2026-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-20
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-20
appoint-corporate-secretary-company-with-name-date
officers · AP04
2026-01-20
change-corporate-secretary-company-with-change-date
officers · CH04
2026-01-20
change-corporate-secretary-company-with-change-date
officers · CH04
2026-01-12
appoint-person-director-company-with-name-date
officers · AP01
2025-12-01
termination-director-company-with-name-termination-date
officers · TM01
2025-11-30
accounts-with-accounts-type-small
accounts · AA
2025-07-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-small
accounts · AA
2024-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-09