CITY EQUITY LONG TERM SOLUTIONS LTD

💤Zombieactive

SC694474 · ltd · incorporated 2021-04-06

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: established → zombie
· Investment thesis: unclassified → zombie_hold
· Hygiene score: 70 → 65
· Filings: 14 → 15

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

Mixed signals in the last 30 days — 1 improved, 2 worsened.

↓Lifecycle stage: established → zombie
·Investment thesis: unclassified → zombie_hold
↓Hygiene score: 70 → 65
↑Filings: 14 → 15

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£-11.7k

book net assets

Opportunity

68/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Financial intermediation not elsewhere classified

Sector: Financial & insurance

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), 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 (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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

15 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £11,671

Cash YoY

+40%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£6k

↑ 40% YoY

Net Worth

-£12k

↓ 179% YoY

Current Assets

£6k

↓ 95% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£-11.7k	£-4.2k
Current assets	£6.1k	£123.6k
Cash	£6.1k	£4.4k
Net assets	£-11.7k	£-4.2k

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

filing

• 1 officers

Last 90 days

filings

• 1 officers
• 1 accounts

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2026-05-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-05-10
➖
HAUGHEY, Kenneth resigned
director
2026-04-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
➖
CHEUNG, Gavin resigned
director
2025-02-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-03-07
➕
HAUGHEY, Kenneth appointed
director
2021-07-29
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-04-06
🏢
Company incorporated
As CITY EQUITY LONG TERM SOLUTIONS LTD
2021-04-06
➕
SIMMONETTE, James Anthony appointed
director
2021-04-06
➕
CHEUNG, Gavin appointed
director
2021-04-06
📄
incorporation-company
incorporation · NEWINC

Owner dependency

90/100

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.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·

Confirmation statement overdue

high

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

Evidence: Next due: 2026-04-19

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Lord William Haughey Individual · British · DOB 07/1956 · age 70	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	27/07/2021

1 historic (ceased) PSC

Mr Kenneth Haugheyceased 27/07/2021· 75-100% shares · 75-100% voting

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
@SIPP LIMITED→ SC217126 · est 2001	£37.09M £26.97M–£47.20M	£10.21M	—	6200	25y	85	62y
FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008	£1.02M £744.7k–£1.30M	—	—	500	18y	83	64y
COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006	£22.3k £16.2k–£28.3k	—	—	0	20y	83	66y
BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009	—	—	£2.38M	—	16y	83	72y
CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
FEMALE INDEPENDENT LTD.→ SC245607 · est 2003	—	—	£20.0k	—	23y	83	66y
HARRY SMITH, LIMITED→ SC008622 · est 1913	—	—	£1.66M	—	113y	83	58y
KELVIN SMITH (INSURANCE BROKERS) LIMITED→ SC301532 · est 2006	—	—	£3.48M	—	20y	83	63y
MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008	—	—	—	1500	18y	83	58y
NITRON INVESTMENTS LIMITED→ SC047915 · est 1970	—	—	£431.4k	—	55y	83	80y
PENTA CAPITAL INVESTMENTS LIMITED→ SC277543 · est 2004 · no financials extracted	—	—	—	—	21y	83	64y
PEOPLESCHAMPION.COM LIMITED→ SC270602 · est 2004 · no financials extracted	—	—	—	—	21y	83	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2021-04-06

Jurisdictionscotland

Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Caledonia House

Lawmoor Street

Glasgow

G5 0US

United Kingdom

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-04-19OVERDUE

Last: 2025-04-05

Officers (1 active · 2 resigned)

SIMMONETTE, James Anthony→

director · ~65y · appointed 2021-04-06

View their other companies + combined net worth →

Active

CHEUNG, Gavin→

director · ~36y · appointed 2021-04-06 · resigned 2025-02-28

Resigned

HAUGHEY, Kenneth→

director · ~46y · appointed 2022-03-07 · resigned 2026-05-10

Resigned

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

Recent filings (15 total)

termination-director-company-with-name-termination-date

officers · TM01

2026-05-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-04-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-10

termination-director-company-with-name-termination-date

officers · TM01

2025-02-28

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-01-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-17

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-01-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-01-05

appoint-person-director-company-with-name-date

officers · AP01

2022-04-11

confirmation-statement-with-updates

confirmation-statement · CS01

2022-04-11

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2021-07-29

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2021-07-29

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2021-06-23

incorporation-company

incorporation · NEWINC

2021-04-06