05931896 LIMITED

💤Zombieactive
05931896 · ltd · incorporated 2006-09-12
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
49/100
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What this business does
Primary activity: SIC 7012
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 20/100. Strong seller-intent signal (78/100, director aged 66). 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

2 live charges · 2 lenders · oldest 18.9y

30/100
under pressure

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

  • · Oldest live charge is 18.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (47/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
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
80
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 (36 events)Click to expand
  1. 2024-09-27
    📍
    default-companies-house-registered-office-address-applied
    address · RP05
  2. 2020-03-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2020-03-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2020-03-02
    BELL, Gary Johnstone resigned
    director
  5. 2020-03-02
    BELL, James Johnstone resigned
    director
  6. 2015-02-09
    📄
    restoration-order-of-court
    restoration · AC92
  7. 2015-02-09
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2013-09-27
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  9. 2013-06-27
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  10. 2013-06-27
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting
    insolvency · 4.72
  11. 2013-02-08
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  12. 2012-08-03
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  13. 2012-02-15
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  14. 2011-08-05
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  15. 2011-02-08
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  16. 2010-08-12
    ⚠️
    liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
    insolvency · 4.68
  17. 2009-08-03
    ⚠️
    liquidation-voluntary-statement-of-affairs-with-form-attached
    insolvency · 4.20
  18. 2009-08-03
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  19. 2009-08-03
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2009-07-07
    📍
    legacy
    address · 287
  21. 2008-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2008-10-31
    📄
    legacy
    annual-return · 363a
  23. 2008-07-25
    📄
    legacy
    officers · 288b
  24. 2008-07-21
    HEWITSON, William James resigned
    director
  25. 2008-07-07
    📄
    legacy
    capital · 88(2)
  26. 2008-06-20
    📄
    legacy
    accounts · 225
  27. 2008-02-20
    📄
    legacy
    mortgage · 395
  28. 2008-02-15
    🔒
    Charge registered #2
    Lender: Leo Sawrij Limited
  29. 2007-10-04
    📄
    legacy
    annual-return · 363a
  30. 2007-05-14
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  31. 2006-09-12
    🏢
    Company incorporated
    As 05931896 LIMITED
  32. 2006-09-12
    SALT, Stephen Charles appointed
    secretary
  33. 2006-09-12
    SALT, Stephen Charles appointed
    director
  34. 2006-09-12
    BELL, Gary Johnstone appointed
    director
  35. 2006-09-12
    BELL, James Johnstone appointed
    director
  36. 2006-09-12
    HEWITSON, William James appointed
    director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

83/100
Likely off-market candidate

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

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.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 20 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: 2009-10-31

Confirmation statement overdue
high

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

Evidence: Next due: 2016-09-26

11 insolvency-related filings on record
high

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

Evidence: 2013-09-27: gazette-dissolved-liquidation; 2013-06-27: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date

Has insolvency history
medium

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

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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 →
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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
Incorporated2006-09-12
Jurisdictionengland-wales
Primary SIC7012 — SIC 7012

Registered office

05931896 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH

Filing status

Accounts
Next due: 2009-10-31OVERDUE
Last made up to: 2007-12-31
Confirmation statement
Next due: 2016-09-26OVERDUE
Last:

Officers (2 active · 3 resigned)

SALT, Stephen Charles
secretary · appointed 2006-09-12
View their other companies + combined net worth →
Active
SALT, Stephen Charles
director · ~66y · appointed 2006-09-12
View their other companies + combined net worth →
Active
BELL, Gary Johnstone
director · ~55y · appointed 2006-09-12 · resigned 2020-03-02
Resigned
BELL, James Johnstone
director · ~79y · appointed 2006-09-12 · resigned 2020-03-02
Resigned
HEWITSON, William James
director · ~68y · appointed 2006-09-12 · resigned 2008-07-21
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Leo Sawrij
Leo Sawrij Limited
Legal charge1 property15/02/2008
outstanding
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property14/05/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

default-companies-house-registered-office-address-applied
address · RP05
2024-09-27
termination-director-company-with-name-termination-date
officers · TM01
2020-03-05
termination-director-company-with-name-termination-date
officers · TM01
2020-03-05
restoration-order-of-court
restoration · AC92
2015-02-09
certificate-change-of-name-company
change-of-name · CERTNM
2015-02-09
gazette-dissolved-liquidation
gazette · GAZ2
2013-09-27
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-06-27
liquidation-voluntary-creditors-return-of-final-meeting
insolvency · 4.72
2013-06-27
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2013-02-08
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-08-03
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2012-02-15
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-08-05
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2011-02-08
liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
insolvency · 4.68
2010-08-12
liquidation-voluntary-statement-of-affairs-with-form-attached
insolvency · 4.20
2009-08-03