TOBIAS DELCROIX LTD

💤Zombieactive

SC709397 · ltd · incorporated 2021-09-13

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 Sept 2025

Net worth

£-2.4k

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: Other photographic activities

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 70/100. 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: distressed disposal / insolvency (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

24 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £2,433

Net assets shrinking

Down £5,004 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£2k

↓ 195% YoY

Current Assets

£2k

↑ 4.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-09-30	2024-09-30
Total assets	£-1.4k	£2.6k
Current assets	£1.6k	£1.5k
Net assets	£-2.4k	£2.6k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-03-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-18
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-16
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-20
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-07
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-07
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-23
📄
change-person-director-company-with-change-date
officers · CH01
2022-01-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-13
🏢
Company incorporated
As TOBIAS DELCROIX LTD
2021-09-13
➕
DELCROIX, Tobias Pierjean appointed
director
2021-09-13
📄
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 name in company name: Company name contains director surname "DELCROIX" — strong identity link between founder and business.

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

1 low

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%

Name	Shares	Voting rights	Nature of control	Notified
Tobias Pierjean Delcroix Individual · French,British · DOB 05/1997 · age 29	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	13/09/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Professional services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCGHEE GROUP LIMITED→ SC362390 · est 2009	£20.62M £15.19M–£26.04M	—	—	—	16y	87	67y
I3WORKS LTD→ SC477423 · est 2014	£16.71M £12.31M–£21.11M	£38.15M	—	14200	12y	92	61y
24/26 HOLDINGS LTD→ SC470528 · est 2014	£4.81M £3.54M–£6.07M	—	—	26	12y	85	67y
INTERLOCK INVESTMENTS LIMITED→ SC057982 · est 1975	£3.26M £2.40M–£4.11M	—	—	20	50y	85	72y
SKYVISION INTERNATIONAL LIMITED→ SC153156 · est 1994	£837.2k £616.9k–£1.06M	£680.4k	—	100	31y	88	65y
ACCU-TECH SYSTEMS LIMITED→ SC223891 · est 2001	£22.3k £16.4k–£28.2k	£413.2k	—	300	24y	85	58y
'A' FLIGHT AVIATION LIMITED→ SC157855 · est 1995	—	—	£6.9k	—	31y	83	72y
AKELA PLANT HIRE LTD→ SC313584 · est 2006	—	—	£1.69M	—	19y	83	58y
ANDERSON KNIGHT LIMITED→ SC214850 · est 2001	—	—	—	2300	25y	83	63y
ASSISTING SUCCESS LIMITED→ SC294900 · est 2005	—	—	£29.2k	—	20y	83	62y
BIO-IMAGES DRUG DELIVERY LTD→ SC383233 · est 2010	—	—	—	0	15y	83	82y
BONNYVIEW WINDOWS LTD.→ SC171398 · est 1997	—	—	£31.4k	—	29y	83	61y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2021-09-13

Jurisdictionscotland

Primary SIC74209 — Other photographic activities

Registered office

3/2 20 Water Row

Glasgow

G51 2LQ

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-10-01

Last: 2025-09-17

Officers (1 active · 0 resigned)

DELCROIX, Tobias Pierjean→

director · ~29y · appointed 2021-09-13

View their other companies + combined net worth →

Active

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

Recent filings (24 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-03-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-30

change-person-director-company-with-change-date

officers · CH01

2025-08-18

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-08-16

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-10

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-17

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-07-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-07-20

change-person-director-company-with-change-date

officers · CH01

2024-07-20

change-person-director-company-with-change-date

officers · CH01

2024-07-20

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2024-07-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-07-20

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-19

accounts-with-accounts-type-micro-entity

accounts · AA

2023-06-05