EASTSIDE BIKES LTD

💤Zombieactive
SC468611 · ltd · incorporated 2014-01-29
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 steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
—
year to Jan 2025
Net worth
£-2.6k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 32300
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £2,590

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£3k
Current Assets
£49k
Current Liabilities
—
-£3k£8k£18k£29k£39k£49kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£309—
Current assets£49.4k—
Net assets£-2.6k—
Average employees—500

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
2
filings
  • • 1 dissolution
  • • 1 gazette
Last 180 days
2
filings
  • • 1 dissolution
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-05-16
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-05-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-08-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2017-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-01-29
    🏢
    Company incorporated
    As EASTSIDE BIKES LTD
  18. 2014-01-29
    ➕
    ARMOUR, Andrew appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

53/100
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.
  • secondary12+ year tenure: Director in role 12 years.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-02-12

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Armour
Individual · British · DOB 06/1985 · age 41
75–100%
—75-100% shares06/04/2016

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

8 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
Incorporated2014-01-29
Jurisdictionscotland
Primary SIC32300 — SIC 32300

Registered office

Flat 11 3 Lochend Butterfly Way
Edinburgh
EH7 5FF
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-02-12OVERDUE
Last: 2025-01-29

Officers (1 active · 0 resigned)

ARMOUR, Andrew→
director · ~41y · appointed 2014-01-29
View their other companies + combined net worth →
Active

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

Recent filings (31 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-16
gazette-notice-compulsory
gazette · GAZ1
2026-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-25