PURE GROOVE LTD
🌳Matureactive
02880892 · ltd · incorporated 1993-12-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-217.1k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 18.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £217,108
Cash YoY
-22%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£50k
↓ 22% YoY
Net Worth
-£217k
↑ 4.7% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash | £50.1k | £64.6k |
| Net assets | £-217.1k | £-227.8k |
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 confirmation-statement
- • 1 address
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-11-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-01-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-25📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2007-07-20🔒Charge registered #1Lender: Pinstone Securities Holdings Limited
- 1994-01-04➕NASHNUSH, Tarik Ali appointedsecretary
- 1994-01-04➕NASHNUSH, Tarik Ali appointeddirector
- 1994-01-04➕NASHNUSH, Ziad appointeddirector
- 1994-01-04➕WORTHINGTON, Nicholas Fraser appointeddirector
- 1994-01-04➖KCCF LTD resignedcorporate-nominee-secretary
- 1994-01-04➖AARON AND AARON ASSOCIATES LIMITED resignedcorporate-nominee-director
- 1993-12-15🏢Company incorporatedAs PURE GROOVE LTD
- 1993-12-15➕KCCF LTD appointedcorporate-nominee-secretary
- 1993-12-15➕AARON AND AARON ASSOCIATES LIMITED appointedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nicholas Fraser Worthington Individual · British · DOB 12/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Ziad Nashnush Individual · British · DOB 03/1969 · age 57 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Tarik Ali Nashnush Individual · British · DOB 07/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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
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|---|---|---|---|---|---|---|---|
| 13FORTIS LTD→ 16944781 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1993-12-15
Jurisdictionengland-wales
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Registered office
Studio 35 Hackney Downs Studios
Amhurst Terrace
London
E8 2BT
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14
Officers (4 active · 2 resigned)
NASHNUSH, Tarik Ali→
Activesecretary · appointed 1994-01-04
View their other companies + combined net worth →
NASHNUSH, Tarik Ali→
Activedirector · ~59y · appointed 1994-01-04
View their other companies + combined net worth →
NASHNUSH, Ziad→
Activedirector · ~57y · appointed 1994-01-04
View their other companies + combined net worth →
WORTHINGTON, Nicholas Fraser→
Activedirector · ~57y · appointed 1994-01-04
View their other companies + combined net worth →
KCCF LTD→
Resignedcorporate-nominee-secretary · appointed 1993-12-15 · resigned 1994-01-04
AARON AND AARON ASSOCIATES LIMITED→
Resignedcorporate-nominee-director · appointed 1993-12-15 · resigned 1994-01-04
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Pinstone Securities Holdings Pinstone Securities Holdings Limited | Rent deposit deed | 1 property | 20/07/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (85 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
change-person-director-company-with-change-date
officers · CH01
2025-03-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-25
change-person-secretary-company-with-change-date
officers · CH03
2021-01-25