1898 C1 LTD

💤Zombieactive
13698011 · ltd · incorporated 2021-10-22
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 Oct 2024
Net worth
£-470
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 4.0y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~4.0 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £470

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£470
~ YoY
Current Assets
£490
~ YoY
Current Liabilities
-£470-£278-£86£106£298£490Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-10-312023-10-31
Total assets£490£490
Current assets£490£490
Net assets£-470£-470

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
5
filings
  • 3 persons-with-significant-control
  • 1 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-11-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-11-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-09-13
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2023-08-30
    CAMPBELL, James Robert resigned
    director
  11. 2023-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-05-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2023-05-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2022-05-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  15. 2022-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-05-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-05-12
    🔒
    Charge registered #1
    Lender: Nibgreen
  19. 2022-04-01
    CAMPBELL, James Robert appointed
    director
  20. 2022-03-30
    BROOK, Jenson resigned
    director
  21. 2021-10-22
    🏢
    Company incorporated
    As 1898 C1 LTD
  22. 2021-10-22
    PILCHER, Simon appointed
    director
  23. 2021-10-22
    BROOK, Jenson appointed
    director
  24. 2021-10-22
    📄
    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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Walmer Group Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Walmer Group Limited
Corporate parent · holds 25-50% shares
significant stake
1898 C1 LTD
This company · 13698011

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ross Bryan
Individual · British · DOB 02/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting22/10/2021
Mr Simon Pilcher
Individual · British · DOB 07/1980 · age 46
2550%
25–50%25-50% shares · 25-50% voting22/10/2021
Walmer Group Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting22/10/2021

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

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
Incorporated2021-10-22
Jurisdictionengland-wales
Primary SIC64921 — Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

Registered office

Wellington House Aviator Court
Clifton Moor
York
North Yorkshire
YO30 4UZ
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21

Officers (1 active · 2 resigned)

PILCHER, Simon
director · ~46y · appointed 2021-10-22
View their other companies + combined net worth →
Active
BROOK, Jenson
director · ~30y · appointed 2021-10-22 · resigned 2022-03-30
Resigned
CAMPBELL, James Robert
director · ~38y · appointed 2022-04-01 · resigned 2023-08-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Nibgreen
A registered charge1 property12/05/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (21 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-06
change-person-director-company-with-change-date
officers · CH01
2025-11-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
certificate-change-of-name-company
change-of-name · CERTNM
2023-09-13
termination-director-company-with-name-termination-date
officers · TM01
2023-08-30
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-31
gazette-notice-compulsory
gazette · GAZ1
2023-05-30