CARTRIDGES ONLINE LIMITED
🌿Early-stageactive
14721279 · ltd · incorporated 2023-03-10
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£215
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 46660
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
14 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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £215
Cash YoY
+437%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↑ 437% YoY
Net Worth
£215
↑ 110% YoY
Current Assets
£5k
↓ 67% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £215 | £-2.2k |
| Current assets | £4.8k | £14.6k |
| Cash | £2.4k | £444 |
| Debtors | £2.4k | £14.2k |
| Net assets | £215 | £-2.2k |
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
0
filings
Last 180 days
8
filings
- • 3 persons-with-significant-control
- • 2 confirmation-statement
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2026-03-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2026-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2026-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-02-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-30➖HOPWOOD, James Lee resigneddirector
- 2024-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-10🏢Company incorporatedAs CARTRIDGES ONLINE LIMITED
- 2023-03-10➕TATE, Kevin Ian appointeddirector
- 2023-03-10➕TOLHURST, Adrian Paul appointeddirector
- 2023-03-10➕HOPWOOD, James Lee appointeddirector
- 2023-03-10📄incorporation-companyincorporation · NEWINC
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adrian Paul Tolhurst Individual · British · DOB 11/1978 · age 48 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 10/03/2023 |
Mr Kevin Ian Tate Individual · British · DOB 01/1982 · age 44 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 10/03/2023 |
1 historic (ceased) PSC
- Mr James Lee Hopwoodceased 05/07/2025· 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 · Wholesale & distribution · YO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AND DRINK CO. LTD→ 17037577 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AXEL 123 LIMITED→ 14863044 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BREAK FLUID BEVERAGES LTD→ 13900850 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BRIKSELR LIMITED→ 02238722 · est 1988 · no financials extracted | — | — | — | — | 38y | — | — |
| CANAL TOYS DISTRIBUTION LIMITED→ 11132457 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CAPITOL TRADING UK LIMITED→ 02843626 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| CAPTIVATE DISPLAYS LTD→ 14878557 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CASTEL BROS LTD→ 14614839 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| CATALYST BI LIMITED→ 05336031 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| CAYDENCE LTD→ 15562711 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CBM FIREWOOD LTD→ 15372905 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CELATON RESEARCH LIMITED→ 01953676 · est 1985 · no financials extracted | — | — | — | — | 40y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2023-03-10
Jurisdictionengland-wales
Primary SIC46660 — SIC 46660
Registered office
The Chapel
Bridge Street
Driffield
East Riding Of Yorkshire
YO25 6DA
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10
Officers (2 active · 1 resigned)
TATE, Kevin Ian→
Activedirector · ~44y · appointed 2023-03-10
View their other companies + combined net worth →
TOLHURST, Adrian Paul→
Activedirector · ~48y · appointed 2023-03-10
View their other companies + combined net worth →
HOPWOOD, James Lee→
Resigneddirector · ~50y · appointed 2023-03-10 · resigned 2025-05-30
Click a director name to see their full track record across all companies.
Recent filings (14 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-10
change-person-director-company-with-change-date
officers · CH01
2026-02-27
change-person-director-company-with-change-date
officers · CH01
2026-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-13
incorporation-company
incorporation · NEWINC
2023-03-10