1203 LIMITED

🌿Early-stageactive
15532445 · ltd · incorporated 2024-02-29
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 Feb 2025
Net worth
£7.9k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Advertising agencies
Sector: Professional, scientific & technical
Investor take
Special-situation opportunity
Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 60/100. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

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, 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
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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
Positive net assets
Net assets £7,904

Key financials

1 year extracted from filed iXBRL accounts
Cash
£12k
Net Worth
£8k
Current Assets
£18k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-28
Total assets£7.9k
Current assets£17.8k
Cash£11.7k
Debtors£6.2k
Net assets£7.9k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-04-23
    PERRY, Stuart Douglas appointed
    director
  4. 2024-04-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-02-29
    🏢
    Company incorporated
    As 1203 LIMITED
  6. 2024-02-29
    ELLWOOD, Nicholas appointed
    director
  7. 2024-02-29
    HOWARD, Thomas Robert appointed
    director
  8. 2024-02-29
    LAMBERT, Stephen appointed
    director
  9. 2024-02-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

53/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-05-07

Group structure

3 corporate shareholders identified. Group structure is distributed.

🏛️
The Gentleman Racer Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Auto Propulsion Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Xr Pr Limited
Corporate parent · holds 25-50% shares
significant stake
1203 LIMITED
This company · 15532445

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
The Gentleman Racer Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting · firm interest29/02/2024
Auto Propulsion Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting · firm interest29/02/2024
Xr Pr Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting · firm interest29/02/2024

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

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 →
🔒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
Incorporated2024-02-29
Jurisdictionengland-wales
Primary SIC73110 — Advertising agencies

Registered office

Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-07OVERDUE
Last: 2025-04-23

Officers (4 active · 0 resigned)

ELLWOOD, Nicholas
director · ~51y · appointed 2024-02-29
View their other companies + combined net worth →
Active
HOWARD, Thomas Robert
director · ~40y · appointed 2024-02-29
View their other companies + combined net worth →
Active
LAMBERT, Stephen
director · ~55y · appointed 2024-02-29
View their other companies + combined net worth →
Active
PERRY, Stuart Douglas
director · ~59y · appointed 2024-04-23
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
appoint-person-director-company-with-name-date
officers · AP01
2024-04-23
incorporation-company
incorporation · NEWINC
2024-02-29