1040 TAX SOLUTIONS LTD

💤Zombieactive
10809897 · ltd · incorporated 2017-06-08
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 Dec 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Tax consultancy
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-28

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
0
filings
Last 90 days
2
filings
  • 2 accounts
Last 180 days
3
filings
  • 3 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-03-05
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-12-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2025-09-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2025-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-12-24
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2024-09-24
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2024-03-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2024-03-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2024-01-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2024-01-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-12-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2023-09-11
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2022-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-10-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2021-09-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2020-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2020-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2018-12-31
    GRUNER, Nachman Israel resigned
    director
  21. 2017-11-23
    WALTERS, Andrew Ian appointed
    director
  22. 2017-10-31
    GRUNER, Nachman Israel appointed
    director
  23. 2017-10-31
    WALTERS, Andrew Ian resigned
    director
  24. 2017-06-08
    🏢
    Company incorporated
    As 1040 TAX SOLUTIONS LTD
  25. 2017-06-08
    WALTERS, Andrew Ian appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Ian Walters
Individual · British · DOB 04/1983 · age 43
75100%
75–100%75-100% shares · 75-100% voting31/08/2018
4 historic (ceased) PSCs
  • Mrs Chana Bluma Waltersceased 31/12/2018· 25-50% shares · 25-50% voting
  • Mr Nachman Israel Grunerceased 31/08/2018· 75-100% shares · 75-100% voting · board control
  • Mrs Chana Bluma Waltersceased 01/11/2017· 25-50% shares · 25-50% voting
  • Mr Andrew Ian Waltersceased 01/11/2017· 25-50% shares · 25-50% voting · board control

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2017-06-08
Jurisdictionengland-wales
Primary SIC69203 — Tax consultancy

Registered office

Fairways House George Street
Prestwich
Manchester
M25 9WS
England

Filing status

Accounts
Next due: 2026-09-22
Last made up to: 2024-12-28
Confirmation statement
Next due: 2026-06-19
Last: 2025-06-05

Officers (1 active · 2 resigned)

WALTERS, Andrew Ian
director · ~43y · appointed 2017-11-23
View their other companies + combined net worth →
Active
GRUNER, Nachman Israel
director · ~43y · appointed 2017-10-31 · resigned 2018-12-31
Resigned
WALTERS, Andrew Ian
director · ~43y · appointed 2017-06-08 · resigned 2017-10-31
Resigned

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

Recent filings (43 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-10
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-05
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-09
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-24
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-30