2 LANCASTER ROAD LTD

💤Zombieactive
14179099 · private-limited-guarant-nsc · incorporated 2022-06-17
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 Jun 2024
Net worth
£0
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 50/100. 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).

Data confidence

Overall: medium (76/100)

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
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
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Net assets shrinking
Down £4,301 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£0
↓ 100% YoY
Current Assets
£127
↓ 97% YoY
Current Liabilities
£0£860£2k£3k£3k£4kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Total assets£0£4.3k
Current assets£127£4.3k
Net assets£0£4.3k

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 gazette
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
2
filings
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-04-17
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-06-17
    🏢
    Company incorporated
    As 2 LANCASTER ROAD LTD
  7. 2022-06-17
    DOWNING, Nigel appointed
    director
  8. 2022-06-17
    📄
    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 66 — 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 66. 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

1 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: 2026-03-31

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Nigel Downing
Individual · British · DOB 02/1960 · age 66
board controlboard control17/06/2022

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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11 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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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.

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Company details

Statusactive
Typeprivate-limited-guarant-nsc
Incorporated2022-06-17
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

North Lodge Thirkleby Park
Thirkleby
Thirsk
YO7 3AR
England

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-30
Last: 2025-06-16

Officers (1 active · 0 resigned)

DOWNING, Nigel
director · ~66y · appointed 2022-06-17
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-28
dissolution-application-strike-off-company
dissolution · DS01
2026-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-14
incorporation-company
incorporation · NEWINC
2022-06-17