ACCOUNTING & TAX ASSOCIATES LTD

💤Zombieactive
14413095 · ltd · incorporated 2022-10-12
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 Oct 2024
Net worth
£-1.2k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 69202Bookkeeping activities
  • 69203Tax consultancy
  • 70221Financial management
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (69/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,187

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£1k
Current Assets
£81
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-31
Total assets£-1.2k
Current assets£81
Net assets£-1.2k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-02-02
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-11-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2025-11-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-11-17
    📍
    default-companies-house-service-address-applied-psc
    address · RP10
  5. 2025-11-17
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  6. 2025-11-17
    📍
    default-companies-house-service-address-applied-officer
    address · RP09
  7. 2025-06-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-08-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2024-01-22
    RIZWAN, Muhammad, Mr. resigned
    director
  10. 2024-01-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2024-01-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-12-08
    RIZWAN, Muhammad, Mr. appointed
    director
  13. 2022-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2022-12-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-10-12
    🏢
    Company incorporated
    As ACCOUNTING & TAX ASSOCIATES LTD
  16. 2022-10-12
    SALIM, Umair appointed
    secretary
  17. 2022-10-12
    SALIM, Umair appointed
    director
  18. 2022-10-12
    📄
    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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Umair Salim
Individual · Pakistani · DOB 05/1979 · age 47
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/10/2022

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 →
🔒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 →
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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.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2022-10-12
Jurisdictionengland-wales
Primary SIC69201 — Accounting and auditing activities

Registered office

167-169 Great Portland Street
5th Floor
London
W1W 5PF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (2 active · 1 resigned)

SALIM, Umair
secretary · appointed 2022-10-12
View their other companies + combined net worth →
Active
SALIM, Umair
director · ~47y · appointed 2022-10-12
View their other companies + combined net worth →
Active
RIZWAN, Muhammad, Mr.
director · ~40y · appointed 2022-12-08 · resigned 2024-01-22
Resigned

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

Recent filings (16 total)

change-account-reference-date-company-current-extended
accounts · AA01
2026-02-02
change-person-secretary-company-with-change-date
officers · CH03
2025-11-26
change-person-director-company-with-change-date
officers · CH01
2025-11-26
default-companies-house-service-address-applied-psc
address · RP10
2025-11-17
default-companies-house-service-address-applied-officer
address · RP09
2025-11-17
default-companies-house-service-address-applied-officer
address · RP09
2025-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-dormant
accounts · AA
2024-08-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-22
termination-director-company-with-name-termination-date
officers · TM01
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-09
appoint-person-director-company-with-name-date
officers · AP01
2022-12-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-08