BLANKET COVERAGE LTD

💤Zombieactive
SC404725 · ltd · incorporated 2011-08-03
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 Aug 2024
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Advertising agencies
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
82
Few red flags.
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£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31

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 (19 events)Click to expand
  1. 2025-08-04
    SMITH, Gill resigned
    secretary
  2. 2025-08-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-08-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-08-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-05-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-05-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-04-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2020-05-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2019-05-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2018-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2017-05-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2015-08-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-05-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2013-11-28
    SMITH, Gill appointed
    secretary
  18. 2011-08-03
    🏢
    Company incorporated
    As BLANKET COVERAGE LTD
  19. 2011-08-03
    LYONS, George 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

58/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr George John Lyons
Individual · British · DOB 11/1978 · age 48
sig. influencesignificant influence03/08/2016

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

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 →
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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
Incorporated2011-08-03
Jurisdictionscotland
Primary SIC73110 — Advertising agencies

Registered office

43 Shawholm Crescent
Glasgow
G43 1FR
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-17
Last: 2025-08-03

Officers (1 active · 1 resigned)

LYONS, George
director · ~48y · appointed 2011-08-03
View their other companies + combined net worth →
Active
SMITH, Gill
secretary · appointed 2013-11-28 · resigned 2025-08-04
Resigned

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

Recent filings (33 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-04
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-04
accounts-with-accounts-type-dormant
accounts · AA
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-21
accounts-with-accounts-type-dormant
accounts · AA
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-25
accounts-with-accounts-type-dormant
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-16
accounts-with-accounts-type-dormant
accounts · AA
2022-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-10
accounts-with-accounts-type-dormant
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-04
accounts-with-accounts-type-dormant
accounts · AA
2020-05-24