0020 (PROPCOSO) LIMITED

💤Zombieactive
12823728 · ltd · incorporated 2020-08-19
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
not disclosed
Net worth
book net assets
Opportunity
52/100
Worth a look
🔔
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 52/100 (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 (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth 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
55
Some acquirability indicators.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
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 (19 events)Click to expand
  1. 2025-06-17
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  2. 2025-05-13
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  3. 2025-04-30
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  4. 2024-12-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-05
    ADEGOKE, Adedotun Ademola resigned
    director
  6. 2024-08-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2024-08-03
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-02-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2024-01-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-02-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2022-07-28
    PIPER, Thomas James resigned
    secretary
  12. 2022-07-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2022-04-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2021-05-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  15. 2020-08-19
    🏢
    Company incorporated
    As 0020 (PROPCOSO) LIMITED
  16. 2020-08-19
    DICK, Alastair Peter Orford appointed
    director
  17. 2020-08-19
    PIPER, Thomas James appointed
    secretary
  18. 2020-08-19
    ADEGOKE, Adedotun Ademola appointed
    director
  19. 2020-08-19
    📄
    incorporation-company
    incorporation · NEWINC

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

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: 2025-04-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-09-01

Name changed recently
medium

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

Evidence: 2024-08-03: certificate-change-of-name-company

Group structure

Fitness Estates Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Fitness Estates Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
0020 (PROPCOSO) LIMITED
This company · 12823728

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Fitness Estates Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control19/08/2020

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

10 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
Incorporated2020-08-19
Jurisdictionengland-wales
Primary SIC93130 — Fitness facilities

Registered office

Unit A
Brook Park East
Shirebrook
NG20 8RY
United Kingdom

Filing status

Accounts
Next due: 2025-04-30OVERDUE
Last made up to: 2023-04-30
Confirmation statement
Next due: 2025-09-01OVERDUE
Last: 2024-08-18

Officers (1 active · 2 resigned)

DICK, Alastair Peter Orford
director · ~43y · appointed 2020-08-19
View their other companies + combined net worth →
Active
PIPER, Thomas James
secretary · appointed 2020-08-19 · resigned 2022-07-28
Resigned
ADEGOKE, Adedotun Ademola
director · ~53y · appointed 2020-08-19 · resigned 2024-12-05
Resigned

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

Recent filings (17 total)

dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2025-06-17
gazette-notice-voluntary
gazette · GAZ1(A)
2025-05-13
dissolution-application-strike-off-company
dissolution · DS01
2025-04-30
termination-director-company-with-name-termination-date
officers · TM01
2024-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-08-15
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-03
accounts-with-accounts-type-full
accounts · AA
2024-02-12
change-person-director-company-with-change-date
officers · CH01
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
accounts-with-accounts-type-small
accounts · AA
2023-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-23
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-28
accounts-with-accounts-type-small
accounts · AA
2022-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-27