WAREHOUSE15 GROUP LTD

💤Zombieactive
NI637045 · ltd · incorporated 2016-03-11
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 Mar 2025
Net worth
£-275.5k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 56102Unlicenced restaurants and cafes
  • 68209Other letting and operating of own or leased real estate
  • 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £275,513

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£276k
↑ 13% YoY
Current Assets
£28k
↑ 91% YoY
Current Liabilities
—
-£315k-£246k-£178k-£109k-£41k£28kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-271.9k£-308.9k
Current assets£27.7k£14.5k
Net assets£-275.5k£-314.9k

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
3
filings
  • • 1 persons-with-significant-control
  • • 1 change-of-name
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 1 persons-with-significant-control
  • • 1 change-of-name
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2025-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-09-24
    📄
    capital-allotment-shares
    capital · SH01
  6. 2024-09-23
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  7. 2023-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-11-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-11-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2018-11-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2018-10-31
    ➖
    MARSHALL, Gerard Barry resigned
    secretary
  18. 2018-10-31
    ➖
    MARSHALL, Gerard Barry resigned
    director
  19. 2016-03-11
    🏢
    Company incorporated
    As WAREHOUSE15 GROUP LTD
  20. 2016-03-11
    ➕
    HILL, Ronald Andrew appointed
    director
  21. 2016-03-11
    ➕
    MARSHALL, Gerard Barry appointed
    secretary
  22. 2016-03-11
    ➕
    MARSHALL, Gerard Barry appointed
    director

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

50/100
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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-03-19: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ronald Andrew Hill
Individual · British · DOB 01/1976 · age 50
75–100%
75–100%75-100% shares · 75-100% voting19/08/2016

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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——310029y8664y
ERWIN AGRI-CARE LIMITED→
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IAN A KERNOHAN (NI) LIMITED→
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£370.7k
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2016-03-11
Jurisdictionnorthern-ireland
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

Asdon Building
15 Ballinderry Road
Lisburn
BT28 2SA
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (1 active · 2 resigned)

HILL, Ronald Andrew→
director · ~50y · appointed 2016-03-11
View their other companies + combined net worth →
Active
MARSHALL, Gerard Barry→
secretary · appointed 2016-03-11 · resigned 2018-10-31
Resigned
MARSHALL, Gerard Barry→
director · ~63y · appointed 2016-03-11 · resigned 2018-10-31
Resigned

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

Recent filings (28 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-15
certificate-change-of-name-company
change-of-name · CERTNM
2026-03-19
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-18
capital-allotment-shares
capital · SH01
2024-09-24
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-18