1119 LTD

🏛️Establishedactive
13251464 · ltd · incorporated 2021-03-08
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£-8.7k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Private security activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £8,686
Net assets shrinking
Down £18,925 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£9k
↓ 185% YoY
Current Assets
£9k
↓ 73% YoY
Current Liabilities
-£9k£100£9k£18k£26k£35kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-8.7k£10.2k
Current assets£9.4k£35.2k
Net assets£-8.7k£10.2k

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
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
14
filings
  • 6 persons-with-significant-control
  • 4 officers
  • 2 address
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-12-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-12-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-12-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2025-12-14
    MCELROY, Francesca resigned
    secretary
  9. 2025-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2025-12-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2025-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2025-12-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2025-11-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2025-11-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2025-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2025-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2025-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2024-03-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2024-03-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2024-02-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  22. 2023-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2021-03-08
    🏢
    Company incorporated
    As 1119 LTD
  24. 2021-03-08
    MCELROY, David appointed
    director
  25. 2021-03-08
    MCELROY, Francesca appointed
    director
  26. 2021-03-08
    MCELROY, Francesca appointed
    secretary

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr David Mcelroy
Individual · British · DOB 04/1984 · age 42
2550%
25–50%25-50% shares · 25-50% voting08/03/2021
Mrs Francesca Mcelroy
Individual · British · DOB 04/1990 · age 36
2550%
25–50%25-50% shares · 25-50% voting08/03/2021

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

6 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
Incorporated2021-03-08
Jurisdictionengland-wales
Primary SIC80100 — Private security activities

Registered office

Little Court 23 Manor Close
Shrivenham
Swindon
SN6 8AE
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-21
Last: 2026-03-07

Officers (2 active · 1 resigned)

MCELROY, David
director · ~42y · appointed 2021-03-08
View their other companies + combined net worth →
Active
MCELROY, Francesca
director · ~36y · appointed 2021-03-08
View their other companies + combined net worth →
Active
MCELROY, Francesca
secretary · appointed 2021-03-08 · resigned 2025-12-14
Resigned

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

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-15
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-09
change-person-director-company-with-change-date
officers · CH01
2025-12-09
change-person-secretary-company-with-change-date
officers · CH03
2025-11-21
change-person-director-company-with-change-date
officers · CH01
2025-11-21
change-person-director-company-with-change-date
officers · CH01
2025-11-13