THE POSTHORN 90 LIMITED

💤Zombieactive
SC245650 · ltd · incorporated 2003-03-14
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 May 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 47770
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 45/100. Strong seller-intent signal (78/100, director aged 69). 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 (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (77/100)

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
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£44k£89k£133k£178k£222kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Total assets£51.4k
Current assets£222.4k
Net assets£51.4k
Average employees100

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
2
filings
  • 1 dissolution
  • 1 gazette
Last 90 days
2
filings
  • 1 dissolution
  • 1 gazette
Last 180 days
2
filings
  • 1 dissolution
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-29
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-02-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2017-02-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-02-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-04-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-02-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-04-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2010-06-01
    RUTHERFORD, Rhoda resigned
    secretary
  18. 2006-05-05
    RUTHERFORD, Rhoda appointed
    secretary
  19. 2006-05-05
    WELSH, James Irving resigned
    secretary
  20. 2003-03-14
    🏢
    Company incorporated
    As THE POSTHORN 90 LIMITED
  21. 2003-03-14
    WELSH, Eunice appointed
    director
  22. 2003-03-14
    WELSH, James Irving appointed
    secretary

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

90/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

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: 2026-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Eunice Welsh
Individual · British · DOB 01/1957 · age 69
75100%
75-100% shares06/04/2016

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

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.

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
Incorporated2003-03-14
Jurisdictionscotland
Primary SIC47770 — SIC 47770

Registered office

90-94 King Street
Castle Douglas
Kirkcudbrightshire
DG7 1AD

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-03-28OVERDUE
Last: 2025-03-14

Officers (1 active · 2 resigned)

WELSH, Eunice
director · ~69y · appointed 2003-03-14
View their other companies + combined net worth →
Active
RUTHERFORD, Rhoda
secretary · appointed 2006-05-05 · resigned 2010-06-01
Resigned
WELSH, James Irving
secretary · appointed 2003-03-14 · resigned 2006-05-05
Resigned

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

Recent filings (55 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-04-29
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-18