SPACE VAPE LTD

💤Zombieactive
SC565883 · ltd · incorporated 2017-05-15
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
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Turnover
year to May 2019
Net worth
£0
book net assets
Opportunity
54/100
Worth a look
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (38/100). Current lenders should be on monthly review.

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Net assets shrinking
Down £4,000 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£0
↓ 100% YoY
Current Assets
Current Liabilities
£0£800£2k£2k£3k£4kMay 2018May 2019

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2019-05-312018-05-31
Total assets£0£4.0k
Net assets£0£4.0k

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 (16 events)Click to expand
  1. 2024-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2024-05-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-04-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-04-14
    PENN, Patricia resigned
    director
  5. 2021-09-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2021-08-05
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  7. 2021-07-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2021-01-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-10-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2019-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-04-16
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2017-05-15
    🏢
    Company incorporated
    As SPACE VAPE LTD
  14. 2017-05-15
    MCGUIRE, Sean appointed
    director
  15. 2017-05-15
    PENN, Patricia appointed
    director
  16. 2017-05-15
    📄
    incorporation-company
    incorporation · NEWINC

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

45/100
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.

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: 2021-05-31

Confirmation statement overdue
high

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

Evidence: Next due: 2023-05-29

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Sean Mcguire
Individual · British · DOB 10/1985 · age 41
2550%
25-50% shares15/05/2017
1 historic (ceased) PSC
  • Mrs Patricia Pennceased 14/04/2024· 25-50% shares

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 →
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10 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
Incorporated2017-05-15
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

9a High Street
Bonnybridge
FK4 1BX
Scotland

Filing status

Accounts
Next due: 2021-05-31OVERDUE
Last made up to: 2019-05-31
Confirmation statement
Next due: 2023-05-29OVERDUE
Last: 2022-05-15

Officers (1 active · 1 resigned)

MCGUIRE, Sean
director · ~41y · appointed 2017-05-15
View their other companies + combined net worth →
Active
PENN, Patricia
director · ~44y · appointed 2017-05-15 · resigned 2024-04-14
Resigned

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

Recent filings (17 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-07
termination-director-company-with-name-termination-date
officers · TM01
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-08-05
gazette-notice-compulsory
gazette · GAZ1
2021-07-27
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-15
gazette-filings-brought-up-to-date
gazette · DISS40
2019-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2019-04-30
gazette-notice-compulsory
gazette · GAZ1
2019-04-16