2ND BYTE LIMITED

💤Zombieactive
14503283 · ltd · incorporated 2022-11-24
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 Nov 2023
Net worth
£1
book net assets
Opportunity
56/100
Worth a look
🔔
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45320Retail trade of motor vehicle parts and accessories
  • 70229Management consultancy activities other than financial management
Investor take
Special-situation opportunity
Distressed automotive 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 (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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
1 connected companies via shared directors
48
Filing history
8 filings
60
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

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

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-11-30
Total assets£1
Debtors£1
Net assets£1

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 2 gazette
Last 180 days
2
filings
  • 2 gazette
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-03-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-01-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-05-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-02-14
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-02-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2022-11-24
    🏢
    Company incorporated
    As 2ND BYTE LIMITED
  7. 2022-11-24
    LIPSHITZ, Gabriel Herschel appointed
    director
  8. 2022-11-24
    📄
    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 76 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
  • 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: 2025-11-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-12-07

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gabriel Herschel Lipshitz
Individual · British · DOB 07/1950 · age 76
75100%
75–100%75-100% shares · 75-100% voting24/11/2022

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

12 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
Incorporated2022-11-24
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310

Registered office

Preston Park House
South Road
Brighton
East Sussex
BN1 6SB
England

Filing status

Accounts
Next due: 2025-11-30OVERDUE
Last made up to: 2023-11-30
Confirmation statement
Next due: 2025-12-07OVERDUE
Last: 2024-11-23

Officers (1 active · 0 resigned)

LIPSHITZ, Gabriel Herschel
director · ~76y · appointed 2022-11-24
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-25
gazette-notice-compulsory
gazette · GAZ1
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-11
accounts-with-accounts-type-dormant
accounts · AA
2024-05-16
gazette-filings-brought-up-to-date
gazette · DISS40
2024-02-14
gazette-notice-compulsory
gazette · GAZ1
2024-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-12
incorporation-company
incorporation · NEWINC
2022-11-24