2 STONES CONSTRUCTION LTD

🌿Early-stageactive
15623899 · ltd · incorporated 2024-04-07
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
£1.6k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Other construction installation
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 61/100 (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 (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
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
Network not yet resolved
30
Filing history
12 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
50
Adequate — check latest filings for context.
Acquirability
50
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 · FRS 102
Positive net assets
Net assets £1,649

Key financials

1 year extracted from filed iXBRL accounts
Cash
£15k
Net Worth
£2k
Current Assets
£25k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-30
Total assets£19.4k
Current assets£24.8k
Cash£14.5k
Debtors£10.3k
Net assets£1.6k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-06-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-05-31
    STONE, Philip Christopher appointed
    director
  7. 2024-05-31
    📄
    change-person-director-company
    officers · CH01
  8. 2024-05-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-05-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2024-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2024-04-07
    🏢
    Company incorporated
    As 2 STONES CONSTRUCTION LTD
  13. 2024-04-07
    STONE, Jason Matthew appointed
    director
  14. 2024-04-07
    STONE, Philip Christopher appointed
    director
  15. 2024-04-07
    STONE, Philip Christopher resigned
    director
  16. 2024-04-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "STONE" — strong identity link between founder and business.
  • +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: 2026-04-20

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Jason Matthew Stone
Individual · British · DOB 07/1980 · age 46
5075%
50–75%50-75% shares · 50-75% voting07/04/2024
Mr Philip Christopher Stone
Individual · British · DOB 02/1976 · age 50
2550%
25–50%board control25-50% shares · 25-50% voting · board control07/04/2024
1 historic (ceased) PSC
  • Mr Philip Christopher Stoneceased 07/04/2024· 50-75% shares · 50-75% voting

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

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
Incorporated2024-04-07
Jurisdictionengland-wales
Primary SIC43290 — Other construction installation

Registered office

61 Spitalcroft Road
Devizes
Wiltshire
SN10 3FJ
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-20OVERDUE
Last: 2025-04-06

Officers (2 active · 1 resigned)

STONE, Jason Matthew
director · ~46y · appointed 2024-04-07
View their other companies + combined net worth →
Active
STONE, Philip Christopher
director · ~50y · appointed 2024-05-31
View their other companies + combined net worth →
Active
STONE, Philip Christopher
director · ~50y · appointed 2024-04-07 · resigned 2024-04-07
Resigned

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

Recent filings (12 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
change-person-director-company-with-change-date
officers · CH01
2024-06-27
change-person-director-company-with-change-date
officers · CH01
2024-06-27
appoint-person-director-company-with-name-date
officers · AP01
2024-06-04
change-person-director-company
officers · CH01
2024-05-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-30
incorporation-company
incorporation · NEWINC
2024-04-07