1 SOUTH DRIVE LTD
💤Zombieactive
14190568 · ltd · incorporated 2022-06-23
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 Jun 2024
Net worth
£614.4k
book net assets
Opportunity
60/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68100Buying and selling of own real estate
- 68209Other letting and operating of own or leased real estate
- 68320Management of real estate on a fee or contract basis
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 60/100 (worth a look), bankability 60/100. 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 (38/100).
🏦
Refinance opportunity
2 live charges · oldest 3.8y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.8 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £614,447
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£614k
Current Assets
£17k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-06-30 |
|---|---|
| Total assets | £10.9k |
| Current assets | £16.8k |
| Net assets | £614.4k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-15➖BODESCU, Tiberiu resigneddirector
- 2025-07-15➖CHIFOR, Ioan Alexandru resigneddirector
- 2025-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-03-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-08-20📄gazette-notice-compulsorygazette · GAZ1
- 2024-05-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-20🔓Charge satisfied #2
- 2024-05-20🔓Charge satisfied #1
- 2024-03-19📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-03-17📄change-person-director-company-with-change-dateofficers · CH01
- 2023-03-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-30📄memorandum-articlesincorporation · MA
- 2022-08-26📄capital-name-of-class-of-sharescapital · SH08
- 2022-08-25📄resolutionresolution · RESOLUTIONS
- 2022-08-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-19🔒Charge registered #2Lender: Goldentree Financial Services PLC
- 2022-08-19🔒Charge registered #1Lender: Goldentree Financial Services PLC
- 2022-06-23🏢Company incorporatedAs 1 SOUTH DRIVE LTD
- 2022-06-23➕NEACSU, Florin Alecu appointeddirector
- 2022-06-23➕BODESCU, Tiberiu appointeddirector
- 2022-06-23➕CHIFOR, Ioan Alexandru appointeddirector
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 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-03-28
2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BODESCU, Tiberiu resigned 2025-07-15; CHIFOR, Ioan Alexandru resigned 2025-07-15
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Florin Alecu Neacsu Individual · British · DOB 06/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 23/06/2022 |
2 historic (ceased) PSCs
- Mr Ioan Alexandru Chiforceased 15/07/2025· 25-50% shares · 25-50% voting · board control
- Mr Tiberiu Bodescuceased 15/07/2025· 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 →Similar companies
Active · Construction · CR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1PSG LTD→ 15683671 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 25/8 PLUMBING & HEATING LTD→ 08524761 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 2DABOS LTD→ 11608070 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 2M INSULATIONS LTD→ 13108785 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 3DSDECOR LTD→ 12742324 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 3PS LIFT LTD→ 16605338 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 4 SEASONS ROOFING AND MAINTENANCE LTD→ 16856515 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 48FOUR CONTRACT SERVICES LTD→ 11701715 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 5 CROSSWAYS LIMITED→ 10021784 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| 5 STAR RENOVATIONS LTD→ 15815760 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 5KISAA HOLDINGS LTD→ 15796843 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 5WAY ELECTRIC LTD→ 16672477 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2022-06-23
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects
Registered office
111 Violet Lane
Croydon
CR0 4HL
England
Filing status
Accounts
Next due: 2026-03-28OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17
Officers (1 active · 2 resigned)
NEACSU, Florin Alecu→
Activedirector · ~46y · appointed 2022-06-23
View their other companies + combined net worth →
BODESCU, Tiberiu→
Resigneddirector · ~52y · appointed 2022-06-23 · resigned 2025-07-15
CHIFOR, Ioan Alexandru→
Resigneddirector · ~49y · appointed 2022-06-23 · resigned 2025-07-15
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Goldentree Financial Services Goldentree Financial Services PLC | A registered charge | 1 property | 19/08/2022 | 20/05/2024 | |
| satisfied | Goldentree Financial Services Goldentree Financial Services PLC | A registered charge | — | 19/08/2022 | 20/05/2024 |
Recent filings (26 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-17
termination-director-company-with-name-termination-date
officers · TM01
2025-07-16
termination-director-company-with-name-termination-date
officers · TM01
2025-07-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-03-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-25
gazette-notice-compulsory
gazette · GAZ1
2024-08-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-20