2ND TEAM LLP
💤Zombieactive
OC431719 · llp · incorporated 2020-05-12
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.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
- · Hygiene score: 90 → 70
- · Opportunity score: 70 → 61
- · Bankability: 75 → 65
- · Distress / opportunity: avoid → speculative
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
- · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days
Picture worsened over the last 30 days — 3 negative signals vs 0 positive.
- ↓Opportunity score: 70 → 61
- ↓Hygiene score: 90 → 70
- ↓Bankability: 75 → 65
- ·Distress / opportunity: avoid → speculative
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
61/100
Worth a look
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 61/100 (worth a look), bankability 65/100. 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: low (54/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 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
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
80
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-04-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-14📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-05-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-29📄gazette-notice-compulsorygazette · GAZ1
- 2024-06-17📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-05-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-05-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2023-05-17📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-05-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-02📄gazette-notice-compulsorygazette · GAZ1
- 2022-06-27✏️change-of-name-notice-limited-liability-partnershipchange-of-name · LLNM01
- 2022-06-27✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-06-24📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2022-06-23📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2022-06-23📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2022-06-23📄elect-to-keep-the-limited-liability-partnership-members-register-information-on-the-public-registerofficers · LLEH01
- 2022-06-23📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC01
- 2022-06-23📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2022-06-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-06-10➕GARRETT, Jennifer appointedllp-designated-member
- 2022-06-09➖GAMBRILL, Timothy resignedllp-designated-member
- 2022-03-24📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-11📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-05-12🏢Company incorporatedAs 2ND TEAM LLP
- 2020-05-12➕GARRETT, Mark appointedllp-designated-member
- 2020-05-12➕GAMBRILL, Timothy appointedllp-designated-member
- 2020-05-12📄incorporation-limited-liability-partnershipincorporation · LLIN01
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-05-25
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Garrett Individual · British · DOB 03/1974 · age 52 | — | 25–50% | 25-50% voting | 12/05/2020 |
2 historic (ceased) PSCs
- Mrs Jennifer Garrettceased 10/06/2022· 25-50% voting
- Mr Timothy Gambrillceased 31/05/2022· 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · HG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A D BELL GROUP LIMITED→ 05392424 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| A L ENGINEERING SERVICES LTD→ 06740578 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ABF EUROPE LIMITED→ 03998389 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ACCESS RETAIL SOLUTIONS LTD→ 13172338 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADAM BALTI & PIZZA LIMITED→ 12442127 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ALBERT ARTHUR PROPERTIES LTD→ 13493187 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALDERSON INVESTCO PROPERTIES LIMITED→ 13223664 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ALI COOK LTD→ 11056999 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ALL SURVEYS GREAT AND SMALL LIMITED→ 12930170 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALL THINGS HIRED LIMITED→ 15814413 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ALLEN FRANCIS LTD→ 12774363 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALPENRISE MARKETING LTD→ 17047252 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Typellp
Incorporated2020-05-12
Jurisdictionengland-wales
Primary SIC—
Registered office
24 Verity Walk
Harrogate
HG2 9QE
United Kingdom
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-25OVERDUE
Last: 2025-05-11
Officers (2 active · 1 resigned)
GARRETT, Jennifer→
Activellp-designated-member · ~48y · appointed 2022-06-10
View their other companies + combined net worth →
GARRETT, Mark→
Activellp-designated-member · ~52y · appointed 2020-05-12
View their other companies + combined net worth →
GAMBRILL, Timothy→
Resignedllp-designated-member · ~57y · appointed 2020-05-12 · resigned 2022-06-09
Click a director name to see their full track record across all companies.
Recent filings (25 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-06-14
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-21
gazette-notice-compulsory
gazette · GAZ1
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-06-17
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-18
gazette-notice-compulsory
gazette · GAZ1
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-05-17
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-16
gazette-notice-compulsory
gazette · GAZ1
2023-05-02
change-of-name-notice-limited-liability-partnership
change-of-name · LLNM01
2022-06-27
certificate-change-of-name-company
change-of-name · CERTNM
2022-06-27