02426469 LIMITED

💤Zombieactive
02426469 · ltd · incorporated 1989-09-26
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
not disclosed
Net worth
book net assets
Opportunity
47/100
Watch
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What this business does
Primary activity: SIC 2222
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 47/100 (watch), bankability 25/100. Strong seller-intent signal (63/100, director aged 72). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

1 live charge · oldest 15.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 15.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
47/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
23
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (32 events)Click to expand
  1. 2021-02-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  2. 2021-02-01
    BARRETT, Jemma Louise resigned
    secretary
  3. 2020-12-18
    📄
    restoration-order-of-court
    restoration · AC92
  4. 2020-12-18
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2013-11-23
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  6. 2013-08-23
    ⚠️
    liquidation-in-administration-move-to-dissolution-with-case-end-date
    insolvency · 2.35B
  7. 2013-04-18
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  8. 2013-04-18
    ⚠️
    liquidation-in-administration-extension-of-period
    insolvency · 2.31B
  9. 2012-11-07
    ⚠️
    liquidation-in-administration-progress-report-with-brought-down-date
    insolvency · 2.24B
  10. 2012-06-26
    ⚠️
    liquidation-administration-notice-deemed-approval-of-proposals
    insolvency · F2.18
  11. 2012-06-25
    ⚠️
    liquidation-in-administration-statement-of-affairs-with-form-attached
    insolvency · 2.16B
  12. 2012-06-15
    ⚠️
    liquidation-in-administration-proposals
    insolvency · 2.17B
  13. 2012-05-04
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  14. 2012-04-24
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  15. 2012-04-24
    ⚠️
    liquidation-in-administration-appointment-of-administrator
    insolvency · 2.12B
  16. 2011-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2011-09-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2010-11-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2010-09-03
    📄
    legacy
    mortgage · MG01
  20. 2010-08-28
    📄
    legacy
    mortgage · MG01
  21. 2010-08-27
    🔒
    Charge registered #10
    Lender: Hsbc Bank PLC
  22. 2010-05-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2009-12-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2009-07-11
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2008-12-24
    📄
    legacy
    mortgage · 395
  26. 2008-11-24
    📄
    legacy
    annual-return · 363a
  27. 2008-11-21
    📄
    legacy
    annual-return · 363a
  28. 2006-01-31
    BARRETT, Jemma Louise appointed
    secretary
  29. 2006-01-31
    JORDAN, David Hedley resigned
    secretary
  30. 2006-01-31
    JORDAN, David Hedley resigned
    director
  31. 1994-04-30
    YATES, Keith Joseph resigned
    director
  32. 1989-09-26
    🏢
    Company incorporated
    As 02426469 LIMITED

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 72 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 1 med ·
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: 2012-09-30

Confirmation statement overdue
high

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

Evidence: Next due: 2016-10-10

9 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2013-11-23: gazette-dissolved-liquidation; 2013-08-23: liquidation-in-administration-move-to-dissolution-with-case-end-date

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

🔒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

13 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
Incorporated1989-09-26
Jurisdictionengland-wales
Primary SIC2222 — SIC 2222

Registered office

Phoenix Works Vernon Road
Basford
Nottingham
NG6 0BX

Filing status

Accounts
Next due: 2012-09-30OVERDUE
Last made up to: 2010-12-31
Confirmation statement
Next due: 2016-10-10OVERDUE
Last:

Officers (1 active · 4 resigned)

BOULTON, David Brian
director · ~72y
View their other companies + combined net worth →
Active
BARRETT, Jemma Louise
secretary · appointed 2006-01-31 · resigned 2021-02-01
Resigned
JORDAN, David Hedley
secretary · resigned 2006-01-31
Resigned
JORDAN, David Hedley
director · ~74y · resigned 2006-01-31
Resigned
YATES, Keith Joseph
director · ~86y · resigned 1994-04-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
Chattels mortgage1 property27/08/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

termination-secretary-company-with-name-termination-date
officers · TM02
2021-02-15
restoration-order-of-court
restoration · AC92
2020-12-18
certificate-change-of-name-company
change-of-name · CERTNM
2020-12-18
gazette-dissolved-liquidation
gazette · GAZ2
2013-11-23
liquidation-in-administration-move-to-dissolution-with-case-end-date
insolvency · 2.35B
2013-08-23
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2013-04-18
liquidation-in-administration-extension-of-period
insolvency · 2.31B
2013-04-18
liquidation-in-administration-progress-report-with-brought-down-date
insolvency · 2.24B
2012-11-07
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · F2.18
2012-06-26
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · 2.16B
2012-06-25
liquidation-in-administration-proposals
insolvency · 2.17B
2012-06-15
change-registered-office-address-company-with-date-old-address
address · AD01
2012-05-04
change-registered-office-address-company-with-date-old-address
address · AD01
2012-04-24
liquidation-in-administration-appointment-of-administrator
insolvency · 2.12B
2012-04-24
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-09-30