ALTERED STATES TECHNOLOGIES LTD
Opportunity 55/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: strategic trade sale (73/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Total assets | £15.2k | £26.0k |
| Current assets | £8.8k | £8.9k |
| Net assets | £15.2k | £26.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 2 gazette
- • 1 dissolution
- • 2 gazette
- • 1 dissolution
- • 1 accounts
Corporate timeline (19 events)Click to expand
- 2026-07-14📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2026-07-14🏁Company dissolved
- 2026-04-28📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-04-18📄dissolution-application-strike-off-companydissolution · DS01
- 2026-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-19📄capital-allotment-sharescapital · SH01
- 2022-01-13📄capital-alter-shares-subdivisioncapital · SH02
- 2022-01-05📄capital-allotment-sharescapital · SH01
- 2021-12-18📄resolutionresolution · RESOLUTIONS
- 2021-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-02-02🏢Company incorporatedAs ALTERED STATES TECHNOLOGIES LTD
- 2021-02-02➕KARBAL, Fiona Jane appointedsecretary
- 2021-02-02➕KARBAL, Kurran John appointeddirector
- 2021-02-02➕MARSH, Thomas Oliver appointeddirector
- 2021-02-02📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2026-07-14
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Fiona Jane Karbal Individual · British · DOB 11/1957 · age 69 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/02/2021 |
Mr Thomas Oliver Marsh Individual · British · DOB 01/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/02/2021 |
Mr Kurran John Karbal Individual · British · DOB 05/1987 · age 39 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 02/02/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
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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 →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
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Filing status
Officers (0 active · 0 resigned)
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