1010LEGAL LTD
💤Zombieactive
SC547274 · ltd · incorporated 2016-10-07
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 Oct 2024
Net worth
£400
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Activities of insurance agents and brokers
Sector: Financial & insurance
ALSO REGISTERED FOR
- 69109Activities of patent and copyright agents; other legal activities
- 82990Other business support service activities n.e.c.
Investor take
PursueAsset-holding vehicle with a 73-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 73). 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: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 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 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
25 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 declaredPositive net assets
Net assets £400
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£400
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £580 | — |
| Net assets | £400 | — |
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
- 2025-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-07-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-07-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-01-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-07-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-08-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-08-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-08-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-01-13📄gazette-filings-brought-up-to-dategazette · DISS40
- 2018-01-09📄gazette-notice-compulsorygazette · GAZ1
- 2016-10-07🏢Company incorporatedAs 1010LEGAL LTD
- 2016-10-07➕RICHARDS, Mhairi Robertson appointeddirector
- 2016-10-07📄incorporation-companyincorporation · NEWINC
Owner dependency
95/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 73 — succession pressure is live.
- +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Mhairi Robertson Richards Individual · British · DOB 12/1953 · age 73 | 75–100% | — | 75-100% shares | 07/10/2016 |
1 historic (ceased) PSC
- Mrs Mhairi Robertson Richardsceased 06/08/2018· 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 →Similar companies
Active · Financial services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 5 BEARS LTD→ SC868284 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A.G. BARR CAPITAL PARTNER LIMITED→ SC449228 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACM WEALTH MANAGEMENT LTD→ SC454380 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ACTUALI LTD→ SC745247 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADASTRA HOLDINGS LTD→ SC778991 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADVANTA RISK LTD→ SC204478 · est 2000 · no financials extracted | — | — | — | — | 26y | — | — |
| ADVANTA WEALTH LTD→ SC433830 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AFFINITY FINANCIAL PLANNING LIMITED→ SC222052 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| AGILITY FINANCIAL MANAGEMENT LTD→ SC381384 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ALEX MUNRO LIMITED→ SC088995 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| ALF PROPERTY LTD→ SC802218 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ALISTAIR CRAIG FINANCIAL SERVICES LTD→ SC646101 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2016-10-07
Jurisdictionscotland
Primary SIC66220 — Activities of insurance agents and brokers
Registered office
1/1 197 Main Street
Uddingston
Glasgow
G71 7BP
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-23
Last: 2025-11-09
Officers (1 active · 0 resigned)
RICHARDS, Mhairi Robertson→
Activedirector · ~73y · appointed 2016-10-07
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (25 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
accounts-with-accounts-type-dormant
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-15
accounts-with-accounts-type-dormant
accounts · AA
2023-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-22
accounts-with-accounts-type-dormant
accounts · AA
2022-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
accounts-with-accounts-type-dormant
accounts · AA
2021-07-10
accounts-with-accounts-type-dormant
accounts · AA
2021-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-09