040423 LIMITED

🚨Distressedactive
14787759 · ltd · incorporated 2023-04-10
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2024
Net worth
£-744
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth 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
67
Some moderate concerns — review 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 £744

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£744
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-30
Total assets£-744
Debtors£676
Net assets£-744

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
1
filing
  • 1 officers
Last 90 days
2
filings
  • 1 officers
  • 1 accounts
Last 180 days
2
filings
  • 1 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-15
    EVANS, Robert Grant resigned
    director
  3. 2026-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-09-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2025-09-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-07-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-07-10
    EVANS, Robert Grant appointed
    director
  8. 2025-04-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2025-03-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2023-04-10
    🏢
    Company incorporated
    As 040423 LIMITED
  11. 2023-04-10
    BENNETT, Nicholas Paul appointed
    director
  12. 2023-04-10
    📄
    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 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: 2026-01-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nicholas Paul Bennett
Individual · British · DOB 04/1981 · age 45
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/04/2023

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

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
Incorporated2023-04-10
Jurisdictionwales
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

3 Murray Street
Llanelli
SA15 1AQ
Wales

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-07-25
Last: 2025-07-11

Officers (1 active · 1 resigned)

BENNETT, Nicholas Paul
director · ~45y · appointed 2023-04-10
View their other companies + combined net worth →
Active
EVANS, Robert Grant
director · ~51y · appointed 2025-07-10 · resigned 2026-04-15
Resigned

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

Recent filings (11 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-12
gazette-filings-brought-up-to-date
gazette · DISS40
2025-09-06
gazette-notice-compulsory
gazette · GAZ1
2025-09-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-11
appoint-person-director-company-with-name-date
officers · AP01
2025-07-11
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-11
gazette-notice-compulsory
gazette · GAZ1
2025-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
incorporation-company
incorporation · NEWINC
2023-04-10