CELLNET LTD

💤Zombieactive
14303613 · ltd · incorporated 2022-08-18
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 Aug 2024
Net worth
book net assets
Opportunity
41/100
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What this business does
Primary activity: Other information technology service activities
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 41/100 (watch), bankability 40/100. 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: strategic trade sale (40/100). Current lenders should be on monthly review.

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
3 officers (0 active, 3 linked, 2 with DOB)
83
Ownership & PSC
0 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
41/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
15
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31

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
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-06-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-10-13
    CALLNETGROUP resigned
    corporate-director
  5. 2025-08-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2025-08-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-08-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-08-13
    WILLIS, Adam Mark resigned
    director
  9. 2025-05-27
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2025-05-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2024-06-08
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  12. 2024-06-01
    CALLNETGROUP appointed
    corporate-director
  13. 2024-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2023-06-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2023-06-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-06-04
    WILLIS, Karen resigned
    director
  17. 2022-08-18
    🏢
    Company incorporated
    As CELLNET LTD
  18. 2022-08-18
    WILLIS, Adam Mark appointed
    director
  19. 2022-08-18
    WILLIS, Karen appointed
    director
  20. 2022-08-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

3 high · 2 med ·
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: 2026-05-31

Confirmation statement overdue
high

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

Evidence: Next due: 2025-08-31

No active directors on record
high

Company is active but has no current directors in the register. This is unusual and should be investigated.

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: WILLIS, Adam Mark resigned 2025-08-13; CALLNETGROUP resigned 2025-10-13

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-05-27: certificate-change-of-name-company

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2022-08-18
Jurisdictionwales
Primary SIC62090 — Other information technology service activities

Registered office

R1 Heddlu Tx Site
Nantyr
Llangollen
LL20 7DG
United Kingdom

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2025-08-31OVERDUE
Last: 2024-08-17

Officers (0 active · 3 resigned)

WILLIS, Adam Mark
director · ~61y · appointed 2022-08-18 · resigned 2025-08-13
Resigned
WILLIS, Karen
director · ~60y · appointed 2022-08-18 · resigned 2023-06-04
Resigned
CALLNETGROUP
corporate-director · appointed 2024-06-01 · resigned 2025-10-13
Resigned

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

Recent filings (15 total)

gazette-notice-compulsory
gazette · GAZ1
2026-06-09
termination-director-company-with-name-termination-date
officers · TM01
2025-10-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-08-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-20
termination-director-company-with-name-termination-date
officers · TM01
2025-08-20
certificate-change-of-name-company
change-of-name · CERTNM
2025-05-27
accounts-with-accounts-type-dormant
accounts · AA
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-31
appoint-corporate-director-company-with-name-date
officers · AP02
2024-06-08
accounts-with-accounts-type-dormant
accounts · AA
2024-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-29
termination-director-company-with-name-termination-date
officers · TM01
2023-06-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-05
incorporation-company
incorporation · NEWINC
2022-08-18