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.
🔒Estimated value
Upgrade to see
Turnover
year to May 2024
Net worth
£-85.8k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 46150
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 50/100. 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
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
64
Some moderate concerns — review flags.
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
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-08-15
    NICHOLS, Anthony appointed
    director
  3. 2025-08-15
    PHILP, Barry William resigned
    director
  4. 2025-08-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-08-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-08-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-08-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-08-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2025-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2025-01-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2024-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2024-07-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2024-06-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  14. 2024-04-30
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  15. 2024-04-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2023-08-26
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  17. 2023-08-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2023-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2021-10-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-05-28
    🏢
    Company incorporated
    As VORSEHEN LTD
  21. 2021-05-28
    PHILP, Barry William appointed
    director
  22. 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

1 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

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
75100%
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 →

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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: 2026-06-10
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 (22 total)

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
gazette-notice-compulsory
gazette · GAZ1
2024-04-30