88 POLYGONS LTD

💤Zombieactive
13892104 · ltd · incorporated 2022-02-03
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 Feb 2025
Net worth
£-10.6k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Publishing of computer games
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (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: strategic trade sale (65/100).

Data confidence

Overall: medium (70/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
12 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
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £10,556

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£11k
Current Assets
£1k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-28
Total assets£-10.6k
Current assets£1.4k
Net assets£-10.6k

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
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-03-13
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-08-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-02-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-02-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-02-03
    🏢
    Company incorporated
    As 88 POLYGONS LTD
  8. 2022-02-03
    YAU, Heyman appointed
    director
  9. 2022-02-03
    📄
    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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Hill-Yu Cheng
Individual · British · DOB 09/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting07/02/2022
Mr Heyman Yau
Individual · British · DOB 12/1983 · age 43
2550%
25–50%board control25-50% shares · 25-50% voting · board control03/02/2022

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

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
Incorporated2022-02-03
Jurisdictionengland-wales
Primary SIC58210 — Publishing of computer games

Registered office

Manchester House
High Street
Stalbridge
Dorset
DT10 2LL
United Kingdom

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (1 active · 0 resigned)

YAU, Heyman
director · ~43y · appointed 2022-02-03
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

change-account-reference-date-company-current-extended
accounts · AA01
2026-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-02-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-07
incorporation-company
incorporation · NEWINC
2022-02-03