020CLOTHING LTD

🌿Early-stageactive
15618460 · ltd · incorporated 2024-04-05
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 Apr 2025
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Retail sale of clothing in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (58/100).

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, 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
3 officers (2 active, 3 linked, 3 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
7 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

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

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-30

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
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-04-10
    CREASEY, Travis Clayton appointed
    director
  3. 2024-04-10
    CREASEY, Travis Clayton resigned
    director
  4. 2024-04-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-04-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-04-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-04-09
    CREASEY, Travis Clayton appointed
    director
  8. 2024-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-04-05
    🏢
    Company incorporated
    As 020CLOTHING LTD
  10. 2024-04-05
    CREASEY, Mitchell Dion appointed
    director
  11. 2024-04-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited 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

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: 2026-04-18

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mitchell Dion Creasey
Individual · British · DOB 03/1998 · age 28
75100%
75-100% shares05/04/2024

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 →
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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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2024-04-05
Jurisdictionengland-wales
Primary SIC47710 — Retail sale of clothing in specialised stores

Registered office

131 Prestwick Road
Watford
WD19 6EQ
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-18OVERDUE
Last: 2025-04-04

Officers (2 active · 1 resigned)

CREASEY, Mitchell Dion
director · ~28y · appointed 2024-04-05
View their other companies + combined net worth →
Active
CREASEY, Travis Clayton
director · ~25y · appointed 2024-04-10
View their other companies + combined net worth →
Active
CREASEY, Travis Clayton
director · ~26y · appointed 2024-04-09 · resigned 2024-04-10
Resigned

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

Recent filings (7 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-25
termination-director-company-with-name-termination-date
officers · TM01
2024-04-10
appoint-person-director-company-with-name-date
officers · AP01
2024-04-10
change-person-director-company-with-change-date
officers · CH01
2024-04-10
appoint-person-director-company-with-name-date
officers · AP01
2024-04-09
incorporation-company
incorporation · NEWINC
2024-04-05