10865321 LTD

💤Zombieactive
10865321 · ltd · incorporated 2017-07-13
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 Jul 2021
Net worth
book net assets
Opportunity
50/100
Worth a look
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 45/100. 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: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (76/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jul 2020Jul 2021

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2021-07-312020-07-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (13 events)Click to expand
  1. 2024-08-19
    📄
    restoration-order-of-court
    restoration · AC92
  2. 2024-08-19
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2023-07-18
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  4. 2023-05-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2023-04-23
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2022-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-06-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-04-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-04-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2017-07-13
    🏢
    Company incorporated
    As 10865321 LTD
  11. 2017-07-13
    SULLIVAN, John Francis appointed
    secretary
  12. 2017-07-13
    SULLIVAN, Matthew James appointed
    director
  13. 2017-07-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

2 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: 2023-04-30

Confirmation statement overdue
high

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

Evidence: Next due: 2023-04-22

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-08-19: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Matthew James Sullivan
Individual · British · DOB 09/1986 · age 40
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest13/07/2017

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 →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2017-07-13
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

23 Cheviot Road
Stockport
Cheshire
SK7 5BH
United Kingdom

Filing status

Accounts
Next due: 2023-04-30OVERDUE
Last made up to: 2021-07-31
Confirmation statement
Next due: 2023-04-22OVERDUE
Last: 2022-04-08

Officers (2 active · 0 resigned)

SULLIVAN, John Francis
secretary · appointed 2017-07-13
View their other companies + combined net worth →
Active
SULLIVAN, Matthew James
director · ~40y · appointed 2017-07-13
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

restoration-order-of-court
restoration · AC92
2024-08-19
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-19
gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-07-18
gazette-notice-voluntary
gazette · GAZ1(A)
2023-05-02
dissolution-application-strike-off-company
dissolution · DS01
2023-04-23
accounts-with-accounts-type-dormant
accounts · AA
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-17
accounts-with-accounts-type-dormant
accounts · AA
2021-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-21
accounts-with-accounts-type-dormant
accounts · AA
2020-04-21
accounts-with-accounts-type-dormant
accounts · AA
2019-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-13
incorporation-company
incorporation · NEWINC
2017-07-13