ARTDEC LTD

💤Zombieactive
SC740913 · ltd · incorporated 2022-08-10
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 · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
£-14.0k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does

Likely a painting and decorating contractor based in Inverness, Scotland, providing interior and/or exterior painting services within the construction sector, though early filing history includes a dormant period, suggesting the business may still be in its early operational stages.

Primary activity: Painting
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: Cash flow review and working-capital discipline. Cash down -97% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 0.3y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 0.3 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
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
Network not yet resolved
30
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £14,043
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£101
↓ 97% YoY
Net Worth
-£14k
↑ 22% YoY
Current Assets
£129k
↑ 70% YoY
Current Liabilities
-£18k£11k£41k£70k£100k£129kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£5.0k£-5.0k
Current assets£129.3k£76.2k
Cash£101£3.9k
Debtors£124.4k£66.3k
Net assets£-14.0k£-18.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 180 days
2
filings
  • 1 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-02-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-02-18
    🔒
    Charge registered #1
    Lender: Shire Invoice Finance Limited
  3. 2026-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2025-04-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-05-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-05-08
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  7. 2022-08-10
    🏢
    Company incorporated
    As ARTDEC LTD
  8. 2022-08-10
    MASLANKA, Lukasz appointed
    director
  9. 2022-08-10
    📄
    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

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 Lukasz Maslanka
Individual · Polish · DOB 09/1983 · age 43
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/08/2022

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

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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
Incorporated2022-08-10
Jurisdictionscotland
Primary SIC43341 — Painting

Registered office

Unit 9 23 Harbour Road
Inverness
Inverness-Shire
IV1 1SY
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-23
Last: 2025-08-09

Officers (1 active · 0 resigned)

MASLANKA, Lukasz
director · ~43y · appointed 2022-08-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Shire Invoice Finance
Shire Invoice Finance Limited
A registered charge1 property18/02/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (9 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-dormant
accounts · AA
2024-05-15
change-account-reference-date-company-current-shortened
accounts · AA01
2024-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-15
incorporation-company
incorporation · NEWINC
2022-08-10