INDIAN RESTAURANTS LIMITED
🌳Matureactive
03453125 · ltd · incorporated 1997-10-21
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 25.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 59/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (35/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 25.7y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 25.7 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
28 officers (3 active, 28 linked, 20 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
178 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
43
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 officers
Last 180 days
5
filings
- • 4 officers
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (82 events)Click to expand
- 2026-03-06➕FINLAY, Megan Jo appointeddirector
- 2026-03-06➖SAYER, David Paul resigneddirector
- 2026-03-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-22➕PIGOTT, Richard appointeddirector
- 2026-01-22➖LEIHAL, Satnam Singh resigneddirector
- 2026-01-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-09📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-09📄legacyaccounts · PARENT_ACC
- 2025-10-09📄legacyother · GUARANTEE2
- 2025-10-09📄legacyother · AGREEMENT2
- 2024-11-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-11-11📄resolutionresolution · RESOLUTIONS
- 2024-11-11⚠️legacyinsolvency · CAP-SS
- 2024-11-11📄legacycapital · SH20
- 2024-10-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-18➕SAYER, David Paul appointeddirector
- 2024-02-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-10-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2021-09-01📄legacyaccounts · PARENT_ACC
- 2020-04-23➕LEIHAL, Satnam Singh appointeddirector
- 2020-04-20➖MCILWEE, Laurence Patrick resigneddirector
- 2019-09-12🔓Charge satisfied #1
- 2019-08-06➖HENDERSON, Stephen resigneddirector
- 2018-08-14➖EDWARDS, Graham Mark resigneddirector
- 2018-06-30➖ENGLISH, Tina Lorraine resigneddirector
- 2017-05-23➖MASTERS, Michael Anthony resigneddirector
- 2017-05-23➕MCILWEE, Laurence Patrick appointeddirector
- 2016-09-12🔓Charge satisfied #4
- 2016-01-19➖GOFF, William Thomas Noel Patrick resignedsecretary
- 2016-01-19➕EDWARDS, Graham Mark appointeddirector
- 2016-01-19➕HENDERSON, Stephen appointeddirector
- 2016-01-19➕MASTERS, Michael Anthony appointeddirector
- 2016-01-19➖ZAPICO, Martin resigneddirector
- 2016-01-01➖MORRISSON, Jamie Walker resigneddirector
- 2015-10-07➕ENGLISH, Tina Lorraine appointeddirector
- 2015-10-06➖LAFE, Bola resigneddirector
- 2015-10-06➖MIELL, Shaun Michael resigneddirector
- 2015-10-06➖MORA, Paul Robert resigneddirector
- 2015-10-06➖WHITEHEAD, Mark resigneddirector
- 2014-08-18➖LOOKER, Roger Frank resigneddirector
- 2012-01-09🔒Charge registered #4Lender: National Westminster Bank PLC
- 2010-02-04🔓Charge satisfied #2
- 2009-10-01➖CARGIL MANAGEMENT SERVICES LIMITED resignedcorporate-secretary
- 2009-03-01➕GOFF, William Thomas Noel Patrick appointedsecretary
Showing most recent 50 of 82 events
Owner dependency
60/100
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 24 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 3 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-11-11: legacy
Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: LEIHAL, Satnam Singh resigned 2026-01-22; SAYER, David Paul resigned 2026-03-06
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Cinnamon Collection Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Cinnamon Collection Limited
Corporate parent · holds 75-100% shares
⬇
INDIAN RESTAURANTS LIMITED
This company · 03453125
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Cinnamon Collection Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
3 historic (ceased) PSCs
- Mr Ranjit Singh Boparanceased 06/04/2016· 25-50% shares
- Mrs Baljinder Kaur Boparanceased 06/04/2016· 25-50% shares
- Invest Co 1 Limitedceased 06/04/2016· 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 · Hospitality · B postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 OLDBURY LTD→ 07648590 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 1 SPLASH POMEGRANATE JUICE LTD→ 17083282 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 1 STOP CHOP LTD→ 11885688 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 1 STOP SMASH LTD→ 16569427 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 100 DEGREES SKEWER MUSIC BAR LIMITED→ 16450826 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1000 TRADES CATERING LTD→ 15609884 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 1000 TRADES ON THE PARK LTD→ 15609235 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 11 SPOT LTD→ 14705822 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 112GW NAILSEA LIMITED→ 15145332 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 1151 CATERING SERVICES LTD→ 15861479 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 123 PIZZA LTD→ 16582600 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 123 RESTAURANT LTD→ 12457902 · est 2020 · 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
Incorporated1997-10-21
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
Colmore Court
9 Colmore Row
Birmingham
West Midlands
B3 2BJ
United Kingdom
Filing status
Accounts
Next due: 2026-09-29
Last made up to: 2024-12-29
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18
Officers (3 active · 25 resigned)
FINLAY, Megan Jo→
Activedirector · ~41y · appointed 2026-03-06
View their other companies + combined net worth →
PIGOTT, Richard→
Activedirector · ~44y · appointed 2026-01-22
View their other companies + combined net worth →
SINGH, Vivek→
Activedirector · ~55y · appointed 2001-12-03
View their other companies + combined net worth →
AHMED, Muquim Uddin→
Resignedsecretary · appointed 1997-10-21 · resigned 1998-05-08
BHATIA, Vineet→
Resignedsecretary · appointed 1998-05-08 · resigned 1999-02-18
GOFF, William Thomas Noel Patrick→
Resignedsecretary · appointed 2009-03-01 · resigned 2016-01-19
RAY, Albert Edward→
Resignedsecretary · appointed 1999-02-25 · resigned 2000-09-01
CARGIL MANAGEMENT SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2006-05-26 · resigned 2009-10-01
NYTEC SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2000-09-01 · resigned 2005-12-22
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-10-21 · resigned 1997-10-21
EDWARDS, Graham Mark→
Resigneddirector · ~56y · appointed 2016-01-19 · resigned 2018-08-14
ENGLISH, Tina Lorraine→
Resigneddirector · ~62y · appointed 2015-10-07 · resigned 2018-06-30
GABRIEL, David→
Resigneddirector · ~73y · appointed 2000-05-01 · resigned 2001-04-19
HENDERSON, Stephen→
Resigneddirector · ~69y · appointed 2016-01-19 · resigned 2019-08-06
LAFE, Bola→
Resigneddirector · ~60y · appointed 2003-02-17 · resigned 2015-10-06
LEIHAL, Satnam Singh→
Resigneddirector · ~50y · appointed 2020-04-23 · resigned 2026-01-22
LOOKER, Roger Frank→
Resigneddirector · ~75y · appointed 2008-07-14 · resigned 2014-08-18
MASTERS, Michael Anthony→
Resigneddirector · ~66y · appointed 2016-01-19 · resigned 2017-05-23
MCILWEE, Laurence Patrick→
Resigneddirector · ~64y · appointed 2017-05-23 · resigned 2020-04-20
MIELL, Shaun Michael→
Resigneddirector · ~63y · appointed 2001-08-01 · resigned 2015-10-06
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 09/01/2012 | 12/09/2016 | |
| satisfied | Lombard North Central Lombard North Central PLC | Legal mortgage | 1 property | 24/10/2000 | 25/05/2004 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 06/09/2000 | 04/02/2010 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 25/08/2000 | 12/09/2019 |
Recent filings (178 total)
appoint-person-director-company-with-name-date
officers · AP01
2026-03-06
termination-director-company-with-name-termination-date
officers · TM01
2026-03-06
appoint-person-director-company-with-name-date
officers · AP01
2026-01-22
termination-director-company-with-name-termination-date
officers · TM01
2026-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-18
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-09
legacy
accounts · PARENT_ACC
2025-10-09
legacy
other · GUARANTEE2
2025-10-09
legacy
other · AGREEMENT2
2025-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-02
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-11-11
resolution
resolution · RESOLUTIONS
2024-11-11
legacy
insolvency · CAP-SS
2024-11-11
legacy
capital · SH20
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-14