N2 APPLIED LTD

💤Zombieactive

SC637453 · ltd · incorporated 2019-07-30

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 Dec 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: SIC 46610

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (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 (69/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (1 active, 7 linked, 6 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-12-31	2024-12-31

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-04-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-15
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
➕
HANSSON, Carl Gunnar appointed
director
2025-04-01
➖
BLOM-HAGEN, Torbjørn resigned
director
2024-08-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-22
➖
SHAW, Robert Andrew resigned
director
2024-02-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-07
➖
JONES, Russell Marc resigned
director
2023-08-01
➕
SHAW, Robert Andrew appointed
director
2023-04-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-17
➕
JONES, Russell Marc appointed
director
2023-01-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-13
➕
BLOM-HAGEN, Torbjørn appointed
director
2022-12-13
➖
SONSTEBY, Grete resigned
director
2022-05-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-04-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-21
➖
PUTTICK, Christopher resigned
director
2021-04-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-05-01
➕
PUTTICK, Christopher appointed
director
2020-04-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-01-10
➖
GOODWILLE LIMITED resigned
corporate-secretary
2019-07-30
🏢
Company incorporated
As N2 APPLIED LTD
2019-07-30
➕
GOODWILLE LIMITED appointed
corporate-secretary
2019-07-30
➕
SONSTEBY, Grete 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

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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Similar companies

Active · Wholesale & distribution · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE AGED WOOD COMPANY LTD→ SC834831 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
THE ARABICA BEAN COFFEE COMPANY LTD→ SC844495 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
TIKHANO LTD→ SC868699 · est 2025 · no financials extracted	—	—	—	—	—	—	—
TRANENT CONVENIENCE STORE LTD→ SC839398 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
TTC MEDICAL GTS LIMITED→ SC562269 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
UP TREND STORE LTD→ SC841842 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
VAPOURS LIMITED→ SC753053 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
VERUM VENTURES LTD→ SC877781 · est 2026 · no financials extracted	—	—	—	—	—	—	—
VOLARIX LTD→ SC800325 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
VORSEHEN LTD→ SC700169 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
VRISAN LTD→ SC652555 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
VS AGRO LIMITED→ SC857302 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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 →

🔒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

Incorporated2019-07-30

Jurisdictionscotland

Primary SIC46610 — SIC 46610

Registered office

5 South Charlotte Street

Edinburgh

EH2 4AN

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-05-07

Last: 2026-04-23

Officers (1 active · 6 resigned)

HANSSON, Carl Gunnar→

director · ~52y · appointed 2025-04-01

View their other companies + combined net worth →

Active

GOODWILLE LIMITED→

corporate-secretary · appointed 2019-07-30 · resigned 2020-01-10

Resigned

BLOM-HAGEN, Torbjørn→

director · ~54y · appointed 2022-12-13 · resigned 2025-04-01

Resigned

JONES, Russell Marc→

director · ~54y · appointed 2023-01-17 · resigned 2023-08-07

Resigned

PUTTICK, Christopher→

director · ~33y · appointed 2020-05-01 · resigned 2021-08-21

Resigned

SHAW, Robert Andrew→

director · ~49y · appointed 2023-08-01 · resigned 2024-02-22

Resigned

SONSTEBY, Grete→

director · ~66y · appointed 2019-07-30 · resigned 2022-12-13

Resigned

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

Recent filings (31 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-27

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2026-04-01

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-05-15

confirmation-statement-with-updates

confirmation-statement · CS01

2025-04-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-22

termination-director-company-with-name-termination-date

officers · TM01

2025-04-07

appoint-person-director-company-with-name-date

officers · AP01

2025-04-07

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-08-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-09

termination-director-company-with-name-termination-date

officers · TM01

2024-02-22

appoint-person-director-company-with-name-date

officers · AP01

2023-08-08

termination-director-company-with-name-termination-date

officers · TM01

2023-08-08

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2023-04-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-18

appoint-person-director-company-with-name-date

officers · AP01

2023-01-17