10EX NET LIMITED

💤Zombieactive
12205857 · ltd · incorporated 2019-09-13
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
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Turnover
year to Mar 2025
Net worth
£593
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Wired telecommunications activities
Sector: Information & communication
ALSO REGISTERED FOR
  • 61900Other telecommunications activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (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 (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £593
Net assets shrinking
Down £55,710 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£593
↓ 99% YoY
Current Assets
£802
↓ 68% YoY
Current Liabilities
£0£11k£23k£34k£45k£56kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£593£56.3k
Current assets£802£2.5k
Net assets£593£56.3k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-07-03
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2019-09-13
    🏢
    Company incorporated
    As 10EX NET LIMITED
  10. 2019-09-13
    WILLIAMS, Timothy Robin appointed
    director
  11. 2019-09-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • 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 Timothy Robin Williams
Individual · British · DOB 01/1965 · age 61
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/09/2019

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

🔒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

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.

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Company details

Statusactive
Typeltd
Incorporated2019-09-13
Jurisdictionengland-wales
Primary SIC61100 — Wired telecommunications activities

Registered office

64 Sheen Park
Richmond
TW9 1UP
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12

Officers (1 active · 0 resigned)

WILLIAMS, Timothy Robin
director · ~61y · appointed 2019-09-13
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2020-07-03
incorporation-company
incorporation · NEWINC
2019-09-13