PROTOCOL FINANCIAL SERVICES LTD

💤Zombieactive
NI619795 · ltd · incorporated 2013-08-12
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Aug 2025
Net worth
£1
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
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
5 connected companies via shared directors
60
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£1
~ YoY
Current Assets
£1
~ YoY
Current Liabilities
£0£0£0£1£1£1Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-08-312024-08-31
Total assets£1£1
Current assets£1£1
Net assets£1£1

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 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-05-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-05-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-05-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-03-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-05-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-08-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2017-04-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2015-08-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-04-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2014-09-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2013-08-20
    SPENCE, Kenneth Andrew appointed
    director
  16. 2013-08-20
    STAERKE, Michelle resigned
    director
  17. 2013-08-20
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  18. 2013-08-12
    🏢
    Company incorporated
    As PROTOCOL FINANCIAL SERVICES LTD
  19. 2013-08-12
    STAERKE, Michelle appointed
    director

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Andrew Spence
Individual · British · DOB 02/1960 · age 66
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/08/2016

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
Incorporated2013-08-12
Jurisdictionnorthern-ireland
Primary SIC99999 — SIC 99999

Registered office

Ormeau House
91-97 Ormeau Road
Belfast
Antrim
BT7 1SH

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12

Officers (1 active · 1 resigned)

SPENCE, Kenneth Andrew
director · ~66y · appointed 2013-08-20
View their other companies + combined net worth →
Active
STAERKE, Michelle
director · ~44y · appointed 2013-08-12 · resigned 2013-08-20
Resigned

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

Recent filings (28 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-dormant
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
accounts-with-accounts-type-dormant
accounts · AA
2024-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-17
accounts-with-accounts-type-dormant
accounts · AA
2023-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-17
accounts-with-accounts-type-dormant
accounts · AA
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
accounts-with-accounts-type-dormant
accounts · AA
2021-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-28
accounts-with-accounts-type-dormant
accounts · AA
2020-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-12
accounts-with-accounts-type-dormant
accounts · AA
2019-05-30