CHANGE FRAMEWORKS LTD

💤Zombieactive
SC648442 · ltd · incorporated 2019-11-29
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.
🔒Estimated value
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Turnover
year to Nov 2024
Net worth
£2.8k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 66). 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,772

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£3k
↑ 38% YoY
Current Assets
£6k
↑ 167% YoY
Current Liabilities
£0£1k£2k£4k£5k£6kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£2.8k£2.0k
Current assets£6.1k£2.3k
Net assets£2.8k£2.0k

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 (18 events)Click to expand
  1. 2025-08-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-05-26
    DUKE-WILLIAMS, Emma Mary resigned
    director
  5. 2023-08-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-08-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-08-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-08-06
    📄
    capital-allotment-shares
    capital · SH01
  12. 2021-08-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2021-08-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2021-08-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-08-01
    DUKE-WILLIAMS, Emma Mary appointed
    director
  16. 2019-11-29
    🏢
    Company incorporated
    As CHANGE FRAMEWORKS LTD
  17. 2019-11-29
    WILSON, Janine Heather appointed
    director
  18. 2019-11-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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 66 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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
NameSharesVoting rightsNature of controlNotified
Ms Janine Heather Wilson
Individual · British · DOB 09/1960 · age 66
sig. influencesignificant influence01/11/2022
2 historic (ceased) PSCs
  • Ms Emma Mary Duke-Williamsceased 01/11/2022· 25-50% shares
  • Ms Janine Heather Wilsonceased 01/11/2022· 75-100% shares · 75-100% voting · board control

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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2019-11-29
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

60 Addison Place
Arbroath
DD11 2BA
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-21
Last: 2025-06-07

Officers (1 active · 1 resigned)

WILSON, Janine Heather
director · ~66y · appointed 2019-11-29
View their other companies + combined net worth →
Active
DUKE-WILLIAMS, Emma Mary
director · ~61y · appointed 2021-08-01 · resigned 2024-05-26
Resigned

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

Recent filings (20 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-07
termination-director-company-with-name-termination-date
officers · TM01
2024-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-10
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-03
accounts-with-accounts-type-dormant
accounts · AA
2021-08-06
capital-allotment-shares
capital · SH01
2021-08-06