111 CONTRACTS LIMITED
💤Zombieactive
13745768 · ltd · incorporated 2021-11-16
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 Nov 2024
Net worth
£67.5k
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Floor and wall covering
Sector: Construction
Investor take
PursueAsset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), 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: 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 (78/100)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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £67,519
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£68k
↑ 19% YoY
Current Assets
£46k
↓ 41% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £67.5k | £56.9k |
| Current assets | £46.1k | £78.5k |
| Net assets | £67.5k | £56.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
6
filings
- • 2 confirmation-statement
- • 2 officers
- • 2 persons-with-significant-control
Last 180 days
10
filings
- • 4 officers
- • 4 persons-with-significant-control
- • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-02-09➕COLLINS, Katie Louisa appointeddirector
- 2026-02-09➖BILKEY, Victor Ronald resigneddirector
- 2026-02-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-11➕BILKEY, Victor Ronald appointeddirector
- 2025-11-11➖LONG, Georgia resigneddirector
- 2025-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-03-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-05➖BILKEY, Victor Ronald resigneddirector
- 2025-02-05➕LONG, Georgia appointeddirector
- 2025-02-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-16🏢Company incorporatedAs 111 CONTRACTS LIMITED
- 2021-11-16➕BILKEY, Victor Ronald appointeddirector
- 2021-11-16📄incorporation-companyincorporation · NEWINC
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BILKEY, Victor Ronald resigned 2026-02-09; LONG, Georgia resigned 2025-11-11
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Katie Louisa Collins Individual · British · DOB 12/1986 · age 40 | 75–100% | — | 75-100% shares | 09/02/2026 |
3 historic (ceased) PSCs
- Mr Victor Ronald Bilkeyceased 09/02/2026· significant influence
- Mrs Georgia Longceased 14/11/2025· 75-100% shares
- Mr Victor Ronald Bilkeyceased 05/02/2025· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · SS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 079ME REPAIRS LTD→ 15612130 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 1 ALLIANCE LTD→ 09343608 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 110 DEVELOPMENTS LIMITED→ 14578974 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 111TW LTD→ 09827439 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 1R CONSTRUCTION LIMITED→ 14061306 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 1ST BOILERS LIMITED→ 09761414 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| 1ST CALL GLASS LTD→ 13541354 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 1ST CALL SERVICES (ESSEX) LTD→ 17096136 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CHOICE WINDOWS (UK) LIMITED→ 06582908 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| 1ST CLASS CLADDING & BUILDING LIMITED→ 13266520 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1ST CLASS TRADESMEN LTD→ 08910633 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| 1ST PLUMBING SOLUTIONS LTD→ 11857394 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
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
Incorporated2021-11-16
Jurisdictionengland-wales
Primary SIC43330 — Floor and wall covering
Registered office
Timber Cottage
Great Burches Road
Thundersley
Essex
SS7 3ND
United Kingdom
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-02-23
Last: 2026-02-09
Officers (1 active · 3 resigned)
COLLINS, Katie Louisa→
Activedirector · ~40y · appointed 2026-02-09
View their other companies + combined net worth →
BILKEY, Victor Ronald→
Resigneddirector · ~39y · appointed 2025-11-11 · resigned 2026-02-09
BILKEY, Victor Ronald→
Resigneddirector · ~39y · appointed 2021-11-16 · resigned 2025-02-05
LONG, Georgia→
Resigneddirector · ~30y · appointed 2025-02-05 · resigned 2025-11-11
Click a director name to see their full track record across all companies.
Recent filings (22 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-09
termination-director-company-with-name-termination-date
officers · TM01
2026-02-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-09
appoint-person-director-company-with-name-date
officers · AP01
2026-02-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-09
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-05
termination-director-company-with-name-termination-date
officers · TM01
2025-11-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-14
appoint-person-director-company-with-name-date
officers · AP01
2025-11-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-25
termination-director-company-with-name-termination-date
officers · TM01
2025-02-05