VORSEHEN LTD

🚨Distressedactive
SC700169 · ltd · incorporated 2021-05-28
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 45 → 25
  • · Opportunity score: 64 → 57
  • · Bankability: 50 → 45
  • · Filings: 22 → 23
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 1 positive.

  • ↓Opportunity score: 64 → 57
  • ↓Hygiene score: 45 → 25
  • ↓Bankability: 50 → 45
  • ↑Filings: 22 → 23
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 May 2024
Net worth
£-85.8k
book net assets
Opportunity
57/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 46150
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (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: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: high (82/100)

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 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth 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
70
Strong succession / seller-readiness signals.
Risk profile
46
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
Negative net assets
Liabilities exceed assets by £85,806
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 87% YoY
Net Worth
-£86k
↓ 229% YoY
Current Assets
£6k
↓ 45% YoY
Current Liabilities
—
-£86k-£67k-£47k-£28k-£9k£11kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£-84.0k£-26.0k
Current assets£5.9k£10.7k
Cash£1.4k£10.7k
Debtors£4.5k—
Net assets£-85.8k£-26.0k

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

🔒Filing-note intelligence

2 signals 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 (23 events)Click to expand
  1. 2026-05-20
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-08-15
    ➕
    NICHOLS, Anthony appointed
    director
  4. 2025-08-15
    ➖
    PHILP, Barry William resigned
    director
  5. 2025-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-08-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2025-08-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-08-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-08-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2025-01-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2024-07-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2024-06-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  15. 2024-04-30
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  16. 2024-04-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2023-08-26
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2023-08-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2023-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2021-10-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2021-05-28
    🏢
    Company incorporated
    As VORSEHEN LTD
  22. 2021-05-28
    ➕
    PHILP, Barry William appointed
    director
  23. 2021-05-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

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 63. 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

2 high · 1 low
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: 2026-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-06-10

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Anthony Nichols
Individual · British · DOB 01/1963 · age 63
75–100%
—75-100% shares15/08/2025
1 historic (ceased) PSC
  • Mr Barry William Philpceased 15/08/2025· 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 →

Similar companies

Active · Wholesale & distribution · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
WESTON IMPORTERS LTD.→
SC302951 · est 2006
£518.01M
£388.51M–£647.51M
——1020y8458y
J GAS LIMITED→
SC274899 · est 2004
£15.28M
£11.46M–£19.10M
——7221y8461y
BEER52 LIMITED→
SC449930 · est 2013
£13.17M
£9.87M–£16.46M
——8413y8469y
MACINTYRE SCOTT & CO. LIMITED→
SC017592 · est 1933
£8.29M
£6.21M–£10.36M
£73.38M—650092y8367y
NISHA ENTERPRISES LIMITED→
SC193287 · est 1999
£7.60M
£5.70M–£9.51M
£13.56M—810027y8766y
SÜDZUCKER UNITED KINGDOM LIMITED→
SC506349 · est 2015
£3.74M
£2.80M–£4.67M
——80011y8466y
THISTLE TIMBER AND BUILDING SUPPLIES LIMITED→
SC182761 · est 1998
£3.10M
£2.32M–£3.87M
——600028y8760y
SESAMI EUROPE LTD→
SC273471 · est 2004
£1.98M
£1.48M–£2.47M
——21121y8364y
RHODAWN LIMITED→
SC096772 · est 1986
£1.34M
£1.01M–£1.68M
——6640y8375y
VAPOTHERM UK LTD→
SC370398 · est 2009
£578.6k
£433.9k–£723.2k
——200016y8563y
ST. ANDREWS TIMBER & BUILDING SUPPLIES (HOLDINGS) LIMITED→
SC520551 · est 2015
£391.4k
£293.6k–£489.3k
——10010y8460y
ORIGIN FITNESS LIMITED→
SC339149 · est 2008
£72.4k
£54.3k–£90.5k
——5718y9859y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2021-05-28
Jurisdictionscotland
Primary SIC46150 — SIC 46150

Registered office

3rd Floor Hill Street
Edinburgh
EH2 3JP
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-10OVERDUE
Last: 2025-05-27

Officers (1 active · 1 resigned)

NICHOLS, Anthony→
director · ~63y · appointed 2025-08-15
View their other companies + combined net worth →
Active
PHILP, Barry William→
director · ~54y · appointed 2021-05-28 · resigned 2025-08-15
Resigned

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

Recent filings (23 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-20
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
appoint-person-director-company-with-name-date
officers · AP01
2025-08-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-15
termination-director-company-with-name-termination-date
officers · TM01
2025-08-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-10
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-06-13
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-30