1 BUSINESS ACCOUNTANTS LIMITED

💤Zombieactive
SC471828 · ltd · incorporated 2014-03-06
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 Mar 2025
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (82/100)

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

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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
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£0Mar 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

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
1
filing
  • 1 change-of-name
Last 180 days
2
filings
  • 1 change-of-name
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-02-18
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-06-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-06-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-05-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-03-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2025-03-24
    BUTT, Rizwana resigned
    director
  9. 2024-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-05-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2022-05-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2021-07-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2021-06-26
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  17. 2021-06-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2021-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2020-04-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2020-04-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2019-02-03
    BUTT, Noemaan Farooq appointed
    director
  22. 2014-03-06
    🏢
    Company incorporated
    As 1 BUSINESS ACCOUNTANTS LIMITED
  23. 2014-03-06
    BUTT, Rizwana 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

1 high · 1 med ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-20

Name changed recently
medium

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

Evidence: 2026-02-18: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Noemaan Farooq Butt
Individual · British · DOB 05/1977 · age 49
75100%
75-100% shares24/03/2025
2 historic (ceased) PSCs
  • Ms Rizwana Buttceased 01/05/2025· 75-100% shares
  • Ms Rizwana Buttceased 31/03/2020· 75-100% shares

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

8 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
Incorporated2014-03-06
Jurisdictionscotland
Primary SIC69201 — Accounting and auditing activities

Registered office

Suite 2/3 - 48 West George Street
Glasgow
G2 1BP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-20OVERDUE
Last: 2025-03-06

Officers (1 active · 1 resigned)

BUTT, Noemaan Farooq
director · ~49y · appointed 2019-02-03
View their other companies + combined net worth →
Active
BUTT, Rizwana
director · ~40y · appointed 2014-03-06 · resigned 2025-03-24
Resigned

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

Recent filings (41 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-02-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-03
gazette-notice-compulsory
gazette · GAZ1
2025-05-27
termination-director-company-with-name-termination-date
officers · TM01
2025-03-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-27
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-25
gazette-notice-compulsory
gazette · GAZ1
2022-05-24