SS OWEN LTD

💤Zombieactive
NI680910 · ltd · incorporated 2021-07-19
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
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Turnover
year to Apr 2024
Net worth
£194
book net assets
Opportunity
52/100
Worth a look
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What this business does
Primary activity: Packaging activities
Sector: Administrative & support services
Investor take
Special-situation opportunity
Distressed trade-services with salvageable qualities — special-situations priority.

Opportunity 52/100 (worth a look), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
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 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £194
Net assets shrinking
Down £3,438 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£194
↓ 95% YoY
Current Assets
£194
↓ 95% YoY
Current Liabilities
£0£726£1k£2k£3k£4kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-052023-04-05
Total assets£194£3.6k
Current assets£194£3.6k
Net assets£194£3.6k

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 (18 events)Click to expand
  1. 2024-07-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-02-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2023-10-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2023-10-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-03
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2022-12-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-15
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2021-10-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-10-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-10-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2021-08-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-08-04
    CULANGO, Reynante appointed
    director
  15. 2021-08-04
    DRUMMOND, Laura resigned
    director
  16. 2021-07-19
    🏢
    Company incorporated
    As SS OWEN LTD
  17. 2021-07-19
    DRUMMOND, Laura appointed
    director
  18. 2021-07-19
    📄
    incorporation-company
    incorporation · NEWINC

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

45/100
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.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-05

Confirmation statement overdue
high

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

Evidence: Next due: 2023-08-01

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Reynante Culango
Individual · Filipino · DOB 04/1993 · age 33
75100%
75-100% shares04/08/2021
1 historic (ceased) PSC
  • Laura Drummondceased 04/08/2021· 75-100% shares · 75-100% voting · board control

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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11 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.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2021-07-19
Jurisdictionnorthern-ireland
Primary SIC82920 — Packaging activities

Registered office

19 Bridge Street
Kilkeel
BT34 4AD
United Kingdom

Filing status

Accounts
Next due: 2026-01-05OVERDUE
Last made up to: 2024-04-05
Confirmation statement
Next due: 2023-08-01OVERDUE
Last: 2022-07-18

Officers (1 active · 1 resigned)

CULANGO, Reynante
director · ~33y · appointed 2021-08-04
View their other companies + combined net worth →
Active
DRUMMOND, Laura
director · ~36y · appointed 2021-07-19 · resigned 2021-08-04
Resigned

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

Recent filings (15 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-05
gazette-filings-brought-up-to-date
gazette · DISS40
2023-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-19
gazette-notice-compulsory
gazette · GAZ1
2023-10-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-05-15
termination-director-company-with-name-termination-date
officers · TM01
2021-10-08
appoint-person-director-company-with-name-date
officers · AP01
2021-10-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-10-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-10-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-05
incorporation-company
incorporation · NEWINC
2021-07-19