1010LEGAL LTD

💤Zombieactive

SC547274 · ltd · incorporated 2016-10-07

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 Oct 2024

Net worth

£400

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: Activities of insurance agents and brokers

Sector: Financial & insurance

ALSO REGISTERED FOR

69109Activities of patent and copyright agents; other legal activities
82990Other business support service activities n.e.c.

Investor take

Pursue

Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 73). 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 (73/100).

Data confidence

Overall: medium (79/100)

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

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

25 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £400

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£400

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£580	—
Net assets	£400	—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2025-08-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-11-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-21
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-07-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-05-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-01-11
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-07-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-08-06
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-08-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-08-01
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-01-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2018-01-09
📄
gazette-notice-compulsory
gazette · GAZ1
2016-10-07
🏢
Company incorporated
As 1010LEGAL LTD
2016-10-07
➕
RICHARDS, Mhairi Robertson appointed
director
2016-10-07
📄
incorporation-company
incorporation · NEWINC

Owner dependency

95/100

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.
+Founder age: Director aged approximately 73 — succession pressure is live.
+No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

75/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Mhairi Robertson Richards Individual · British · DOB 12/1953 · age 73	75–100%	—	75-100% shares	07/10/2016

1 historic (ceased) PSC

Mrs Mhairi Robertson Richardsceased 06/08/2018· 75-100% shares

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 →

Similar companies

Active · Financial services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
@SIPP LIMITED→ SC217126 · est 2001	£37.09M £26.97M–£47.20M	£10.21M	—	6200	25y	85	62y
FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008	£1.02M £744.7k–£1.30M	—	—	500	18y	83	64y
COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006	£22.3k £16.2k–£28.3k	—	—	0	20y	83	66y
BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009	—	—	£2.38M	—	16y	83	72y
CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
FEMALE INDEPENDENT LTD.→ SC245607 · est 2003	—	—	£20.0k	—	23y	83	66y
HARRY SMITH, LIMITED→ SC008622 · est 1913	—	—	£1.66M	—	113y	83	58y
KELVIN SMITH (INSURANCE BROKERS) LIMITED→ SC301532 · est 2006	—	—	£3.48M	—	20y	83	63y
MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008	—	—	—	1500	18y	83	58y
NITRON INVESTMENTS LIMITED→ SC047915 · est 1970	—	—	£431.4k	—	55y	83	80y
PENTA CAPITAL INVESTMENTS LIMITED→ SC277543 · est 2004 · no financials extracted	—	—	—	—	21y	83	64y
PEOPLESCHAMPION.COM LIMITED→ SC270602 · est 2004 · no financials extracted	—	—	—	—	21y	83	63y

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

Incorporated2016-10-07

Jurisdictionscotland

Primary SIC66220 — Activities of insurance agents and brokers

Registered office

1/1 197 Main Street

Uddingston

Glasgow

G71 7BP

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-11-23

Last: 2025-11-09

Officers (1 active · 0 resigned)

RICHARDS, Mhairi Robertson→

director · ~73y · appointed 2016-10-07

View their other companies + combined net worth →

Active

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

Recent filings (25 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-11-16

accounts-with-accounts-type-micro-entity

accounts · AA

2025-08-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-05-29

confirmation-statement-with-updates

confirmation-statement · CS01

2024-11-20

accounts-with-accounts-type-dormant

accounts · AA

2024-07-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-15

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-11-15

accounts-with-accounts-type-dormant

accounts · AA

2023-06-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-22

accounts-with-accounts-type-dormant

accounts · AA

2022-07-31

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-05-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-11-22

accounts-with-accounts-type-dormant

accounts · AA

2021-07-10

accounts-with-accounts-type-dormant

accounts · AA

2021-01-11

confirmation-statement-with-updates

confirmation-statement · CS01

2020-11-09