ADVERT LTD

💤Zombieactive
14095550 · ltd · incorporated 2022-05-09
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
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Turnover
year to May 2024
Net worth
£1
book net assets
Opportunity
56/100
Worth a look
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What this business does
Primary activity: SIC 46341
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46390Non-specialised wholesale of food, beverages and tobacco
  • 47990Other retail sale not in stores, stalls or markets
Investor take
Special-situation opportunity
Distressed wholesale with salvageable qualities — special-situations priority.

Opportunity 56/100 (worth a look), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

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, 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1
~ YoY
Current Assets
Current Liabilities
£0£0£0£1£1£1May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£1£1
Net assets£1£1

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 dissolution
Last 90 days
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-05-20
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-05-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-04-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-04-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-05-09
    🏢
    Company incorporated
    As ADVERT LTD
  8. 2022-05-09
    FENNELL, Joseph appointed
    director
  9. 2022-05-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-08

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Joseph Fennell
Individual · British · DOB 06/1957 · age 69
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/05/2022

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 →
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Company details

Statusactive
Typeltd
Incorporated2022-05-09
Jurisdictionengland-wales
Primary SIC46341 — SIC 46341

Registered office

Apartment 3 Central Avenue
Eccleston Park
Prescot
L34 2AA
England

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-05-08OVERDUE
Last: 2025-04-24

Officers (1 active · 0 resigned)

FENNELL, Joseph
director · ~69y · appointed 2022-05-09
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-20
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-13
incorporation-company
incorporation · NEWINC
2022-05-09