92 CONSTRUCTION LTD

💤Zombieactive
14089675 · ltd · incorporated 2022-05-05
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 Mar 2026
Net worth
£147.5k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
  • 41202Construction of domestic buildings
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

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: share sale to pe / searcher (58/100).

Data confidence

Overall: high (80/100)

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

Company profile
address, 3 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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
19 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 · accounting standard not declared
Positive net assets
Net assets £147,532

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£148k
↑ 84% YoY
Current Assets
£287k
↑ 837% YoY
Current Liabilities
£0£57k£115k£172k£229k£287kMar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-31
Total assets£147.5k£80.3k
Current assets£286.8k£30.6k
Net assets£147.5k£80.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 accounts
Last 90 days
7
filings
  • 2 accounts
  • 2 officers
  • 2 persons-with-significant-control
Last 180 days
7
filings
  • 2 accounts
  • 2 officers
  • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-04-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-04-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-04-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-04-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2025-07-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2025-07-08
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2025-07-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2025-01-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-01-06
    SUMNER, Joshua resigned
    director
  13. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2023-12-17
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2023-07-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-05-05
    🏢
    Company incorporated
    As 92 CONSTRUCTION LTD
  17. 2022-05-05
    NEWMAN, Reece David appointed
    director
  18. 2022-05-05
    SUMNER, Joshua appointed
    director
  19. 2022-05-05
    📄
    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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Reece David Newman
Individual · British · DOB 04/1992 · age 34
2550%
25–50%board control25-50% shares · 25-50% voting · board control05/05/2022
1 historic (ceased) PSC
  • Mr Joshua Sumnerceased 27/06/2025· 25-50% shares · 25-50% voting · board control

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.

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Company details

Statusactive
Typeltd
Incorporated2022-05-05
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

44 Bird Hall Lane
Stockport
SK3 0XA
England

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-05-06
Last: 2026-04-22

Officers (1 active · 1 resigned)

NEWMAN, Reece David
director · ~34y · appointed 2022-05-05
View their other companies + combined net worth →
Active
SUMNER, Joshua
director · ~31y · appointed 2022-05-05 · resigned 2025-01-06
Resigned

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

Recent filings (19 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-18
change-person-director-company-with-change-date
officers · CH01
2026-04-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-24
change-person-director-company-with-change-date
officers · CH01
2026-04-24
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2025-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-10
gazette-notice-compulsory
gazette · GAZ1
2025-07-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
termination-director-company-with-name-termination-date
officers · TM01
2025-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20