ALSAI LEISURE LIMITED

⚰️Wound downreceivership

04290263 · ltd · incorporated 2001-09-19

Investment thesis

Company receivership — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£106.2k

book net assets

Opportunity

44/100

Watch

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 32/100. 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: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (43/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 23.2y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.2 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: medium (69/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

12 officers (2 active, 12 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

Network not yet resolved

Filing history

107 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £106,234

Key financials

1 year extracted from filed iXBRL accounts

Cash

£6k

Net Worth

£106k

Current Assets

£75k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-09-30
Total assets	£1.53M
Current assets	£75.3k
Cash	£5.5k
Debtors	£69.7k
Net assets	£106.2k

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

filings

Last 90 days

filing

• 1 insolvency

Last 180 days

filing

• 1 insolvency

Counts from Companies House filing history.

Corporate timeline (56 events)Click to expand

2026-05-11
⚠️
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2025-11-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-09
➕
ALI, Karim appointed
director
2025-07-09
➖
SHIRAZ, Arif resigned
director
2025-07-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-24
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2025-02-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-03
🔒
Charge registered #8
Lender: Pontis Finance LLP
2025-02-03
🔒
Charge registered #7
Lender: Pontis Finance LLP
2024-11-29
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-11-27
➕
ALI, Karim appointed
secretary
2024-10-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-26
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-25
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-25
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-08
🔓
Charge satisfied #4
2023-09-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-18
📄
resolution
resolution · RESOLUTIONS
2023-09-11
🔒
Charge registered #6
Lender: A Shade Greener Finance Limited
2023-09-11
🔒
Charge registered #5
Lender: A Shade Greener Finance Limited
2023-06-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-06-27
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-06-02
➖
MERCHANT, Afshan Arif resigned
director
2022-11-15
➕
MERCHANT, Afshan Arif appointed
director
2022-10-05
➖
MERCHANT, Parveen resigned
director
2022-06-30
➖
SHIRAZ, Arif resigned
secretary
2022-06-21
➕
SHIRAZ, Arif appointed
director
2022-03-01
🔒
Charge registered #4
Lender: Kuflink Bridging LTD
2022-03-01
🔓
Charge satisfied #3
2022-02-04
🔓
Charge satisfied #2
2022-02-04
🔓
Charge satisfied #1
2020-04-23
➕
SHIRAZ, Arif appointed
secretary
2010-03-09
➖
ZANE SECRETARIAL SERVICES LIMITED resigned
corporate-secretary
2010-03-09
➕
MERCHANT, Parveen appointed
director
2010-03-09
➖
SHIRAZ, Arif resigned
director
2007-01-17
🔒
Charge registered #3
Lender: Commercial First Business Limited
2006-12-15
➖
SHIRAZ, Arif resigned
secretary
2006-12-15
➕
ZANE SECRETARIAL SERVICES LIMITED appointed
corporate-secretary
2006-12-15
➖
MERCHANT, Parveen resigned
director
2003-04-14
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2003-04-07
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2002-09-02
➕
SHIRAZ, Arif appointed
director
2001-09-19
🏢
Company incorporated
As ALSAI LEISURE LIMITED

Showing most recent 50 of 56 events

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

2 high · 1 med ·

Company status: receivership

high

Company is in a formal insolvency or administration process. Treat accordingly.

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-05-11: liquidation-receiver-appointment-of-receiver

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Karim Ali Individual · British · DOB 11/1987 · age 39	25–50%	—	25-50% shares	24/09/2024

4 historic (ceased) PSCs

Mr Arif Shirazceased 09/07/2025· 75-100% shares
Miss Afshan Arif Merchantceased 23/09/2024· 75-100% shares
Mr Arif Shirazceased 10/03/2023· 75-100% shares · 75-100% voting
Mrs Parveen Merchantceased 05/10/2022· 75-100% shares · 75-100% voting

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

Similar companies

Active · Hospitality · WD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AFRO READY MEALS LTD→ 13631969 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AHK FOOD LIMITED→ 16465147 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AIR & AIR LTD→ 14117369 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
AJD CATERING SERVICES LTD→ 15626805 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AJR FOODS LTD→ 16381458 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AKA GRILL LTD→ 16246671 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AKAY 2023 LTD→ 14985882 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ALARA YAZ LTD→ 16917736 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ALFA F&B LTD→ 14690844 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
AMANDAGAT BEACH RESORT LTD→ 16260528 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AMBIKA RESTAURANT LIMITED→ 16252117 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AMBIKAA MEALS LTD→ 16829861 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

🔒Tailored diligence questions

12 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

Statusreceivership

Typeltd

Incorporated2001-09-19

Jurisdictionengland-wales

Primary SIC55100 — Hotels and similar accommodation

Registered office

26 Station Road

Watford

WD17 1JU

England

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-07-23

Last: 2025-07-09

Officers (2 active · 10 resigned)

ALI, Karim→

secretary · appointed 2024-11-27

View their other companies + combined net worth →

Active

ALI, Karim→

director · ~39y · appointed 2025-07-09

View their other companies + combined net worth →

Active

BHARDWAJ, Ashok→

nominee-secretary · appointed 2001-09-19 · resigned 2001-09-19

Resigned

SHIRAZ, Arif→

secretary · appointed 2020-04-23 · resigned 2022-06-30

Resigned

SHIRAZ, Arif→

secretary · appointed 2001-09-19 · resigned 2006-12-15

Resigned

ZANE SECRETARIAL SERVICES LIMITED→

corporate-secretary · appointed 2006-12-15 · resigned 2010-03-09

Resigned

MERCHANT, Afshan Arif→

director · ~37y · appointed 2022-11-15 · resigned 2023-06-02

Resigned

MERCHANT, Parveen→

director · ~66y · appointed 2010-03-09 · resigned 2022-10-05

Resigned

MERCHANT, Parveen→

director · ~66y · appointed 2001-09-19 · resigned 2006-12-15

Resigned

SHIRAZ, Arif→

director · ~66y · appointed 2022-06-21 · resigned 2025-07-09

Resigned

SHIRAZ, Arif→

director · ~66y · appointed 2002-09-02 · resigned 2010-03-09

Resigned

BHARDWAJ CORPORATE SERVICES LIMITED→

corporate-nominee-director · appointed 2001-09-19 · resigned 2001-09-19

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Pontis Finance Pontis Finance LLP	A registered charge	1 property	03/02/2025	—
outstanding	Pontis Finance Pontis Finance LLP	A registered charge	11 properties	03/02/2025	—
outstanding	A Shade Greener Finance A Shade Greener Finance Limited	A registered charge	1 property	11/09/2023	—
outstanding	A Shade Greener Finance A Shade Greener Finance Limited	A registered charge	1 property	11/09/2023	—
satisfied	Kuflink Bridging Kuflink Bridging LTD	A registered charge	1 property	01/03/2022	08/01/2024
satisfied	Commercial First Business Commercial First Business Limited	Legal charge	1 property	17/01/2007	01/03/2022
satisfied	HSBC Hsbc Bank PLC	Legal mortgage	1 property	14/04/2003	04/02/2022
satisfied	HSBC Hsbc Bank PLC	Debenture	1 property	07/04/2003	04/02/2022

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (107 total)

liquidation-receiver-appointment-of-receiver

insolvency · RM01

2026-05-11

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-11-26

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-09

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

officers · TM01

2025-07-09

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

officers · AP01

2025-07-09

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

persons-with-significant-control · PSC07

2025-07-09

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-06-24

change-account-reference-date-company-previous-extended

accounts · AA01

2025-06-24

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-02-20

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-02-20

appoint-person-secretary-company-with-name-date

officers · AP03

2024-11-29

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-10-01

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

persons-with-significant-control · PSC01

2024-09-26

confirmation-statement-with-updates

confirmation-statement · CS01

2024-09-25

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

persons-with-significant-control · PSC07

2024-09-25