LEGACY VISION LLP

💤Zombieactive
OC425896 · llp · incorporated 2019-02-04
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
£196.5k
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -76% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (75/100)

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

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
80
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £196,499
Cash draining
Cash down 76% YoY
Cash YoY
-76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 76% YoY
Net Worth
£196k
↑ 37% YoY
Current Assets
£45k
↑ 7.6% YoY
Current Liabilities
—
£0£39k£79k£118k£157k£196kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£1.50M£1.52M
Current assets£45.4k£42.2k
Cash£3.4k£14.2k
Debtors£42.0k£28.0k
Net assets£196.5k£143.8k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-04-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-11
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2023-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-03-10
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  10. 2023-03-10
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  11. 2023-02-10
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  12. 2023-02-10
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  13. 2023-02-10
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  14. 2022-09-15
    ➖
    MCCULLAGH, Shirley Joan resigned
    llp-designated-member
  15. 2022-09-15
    ➕
    EQUITY BRIDGE PROPERTY GROUP LIMITED appointed
    corporate-llp-designated-member
  16. 2022-09-15
    ➖
    EQUITY BRIDGE PROPERTY GROUP LIMITED resigned
    corporate-llp-designated-member
  17. 2022-04-09
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2022-04-01
    ➕
    EQUITY BRIDGE PROPERTY GROUP LIMITED appointed
    corporate-llp-designated-member
  19. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-11-12
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  21. 2021-11-08
    📄
    change-account-reference-date-limited-liability-partnership-previous-extended
    accounts · LLAA01
  22. 2021-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-03-31
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  24. 2021-03-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  25. 2021-01-20
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  26. 2020-02-17
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  27. 2019-02-04
    🏢
    Company incorporated
    As LEGACY VISION LLP
  28. 2019-02-04
    ➕
    MCCULLAGH, Charles Frederick appointed
    llp-designated-member
  29. 2019-02-04
    ➕
    MCCULLAGH, Shirley Joan appointed
    llp-designated-member
  30. 2019-02-04
    📄
    incorporation-limited-liability-partnership
    incorporation · LLIN01

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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
NameSharesVoting rightsNature of controlNotified
Mr Charles Frederick Mccullagh
Individual · British · DOB 12/1956 · age 70
——sig. influencesignificant influence04/02/2019
1 historic (ceased) PSC
  • Mrs Shirley Joan Mccullaghceased 15/09/2022· significant influence

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

6 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
Typellp
Incorporated2019-02-04
Jurisdictionengland-wales
Primary SIC—

Registered office

6 North Bridge Street
Sunderland
SR5 1AD
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (2 active · 2 resigned)

MCCULLAGH, Charles Frederick→
llp-designated-member · ~70y · appointed 2019-02-04
View their other companies + combined net worth →
Active
EQUITY BRIDGE PROPERTY GROUP LIMITED→
corporate-llp-designated-member · appointed 2022-04-01
View their other companies + combined net worth →
Active
MCCULLAGH, Shirley Joan→
llp-designated-member · ~61y · appointed 2019-02-04 · resigned 2022-09-15
Resigned
EQUITY BRIDGE PROPERTY GROUP LIMITED→
corporate-llp-designated-member · appointed 2022-09-15 · resigned 2022-09-15
Resigned

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

Recent filings (23 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-21
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2023-03-10
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-03-10
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2023-02-10
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-02-10
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2023-02-10
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28