AASH PHARM LIMITED
💤Zombieactive
06462956 · ltd · incorporated 2008-01-03
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£919.2k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 18.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £919,210
Net assets shrinking
Down £2,691 YoY
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£214k
↓ 42% YoY
Net Worth
£919k
~ YoY
Current Assets
£1.2m
↓ 5.7% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £1.08M | £1.11M |
| Current assets | £1.22M | £1.30M |
| Cash | £214.3k | £368.7k |
| Debtors | £811.7k | £768.7k |
| Net assets | £919.2k | £921.9k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-05-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-10-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-26📄capital-allotment-sharescapital · SH01
- 2021-02-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-02-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-02-04📄capital-cancellation-sharescapital · SH06
- 2021-02-04📄capital-return-purchase-own-sharescapital · SH03
- 2021-02-03📄resolutionresolution · RESOLUTIONS
- 2021-02-01📄resolutionresolution · RESOLUTIONS
- 2020-11-26➖DESAI, Meghna resignedsecretary
- 2020-11-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-11-19📄change-person-director-company-with-change-dateofficers · CH01
- 2020-11-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-11-19📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-06🔒Charge registered #6Lender: Lloyds Bank PLC
- 2019-10-22🔓Charge satisfied #5
- 2009-01-13🔒Charge registered #5Lender: Lloyds Tsb Bank PLC
- 2008-09-24🔒Charge registered #4Lender: Aah Pharmaceuticals Limited and Barclay Pharmaceuticals Limited
- 2008-09-12🔒Charge registered #2Lender: Lloyds Tsb Bank PLC
- 2008-09-11🔒Charge registered #3Lender: Stablegold Limited
- 2008-02-04🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2008-01-09➕DESAI, Ritesh appointeddirector
- 2008-01-09➕DESAI, Meghna appointedsecretary
- 2008-01-03🏢Company incorporatedAs AASH PHARM LIMITED
- 2008-01-03➕M W DOUGLAS & COMPANY LIMITED appointedcorporate-nominee-secretary
- 2008-01-03➖M W DOUGLAS & COMPANY LIMITED resignedcorporate-nominee-secretary
- 2008-01-03➕DOUGLAS NOMINEES LIMITED appointedcorporate-nominee-director
- 2008-01-03➖DOUGLAS NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
85/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ritesh Desai Individual · British · DOB 09/1977 · age 49 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Meghna Desaiceased 26/11/2020· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · W postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 9 VINES SUBCO LIMITED→ 16105390 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A B MOBILES UK LIMITED→ 12796456 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A.B.L. TEXTILES LIMITED→ 15427651 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A.B.L.M. INVEST VENTURES LTD→ 11932267 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| A212 FINE ARTS LTD→ 16660506 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| A2Z STATION LTD→ 16595009 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AA ATELIER GROUP LTD→ 16850616 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AAMIR DIGITAL LTD→ 16769992 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AARVEE LTD→ 10910790 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AAWO ATELIER LTD→ 16921002 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AB BOX PARK LTD→ 11977607 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AB CITY LTD→ 14311379 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2008-01-03
Jurisdictionengland-wales
Primary SIC47730 — Dispensing chemist in specialised stores
Registered office
142 Horn Lane
Acton
London
W3 6PG
United Kingdom
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03
Officers (1 active · 3 resigned)
DESAI, Ritesh→
Activedirector · ~49y · appointed 2008-01-09
View their other companies + combined net worth →
DESAI, Meghna→
Resignedsecretary · appointed 2008-01-09 · resigned 2020-11-26
M W DOUGLAS & COMPANY LIMITED→
Resignedcorporate-nominee-secretary · appointed 2008-01-03 · resigned 2008-01-03
DOUGLAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2008-01-03 · resigned 2008-01-03
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 06/02/2020 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage | 1 property | 13/01/2009 | 22/10/2019 | |
| outstanding | Aah Pharmaceuticals and Barclay Pharmaceuticals Aah Pharmaceuticals Limited and Barclay Pharmaceuticals Limited | Debenture | 1 property | 24/09/2008 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 12/09/2008 | — | |
| outstanding | Stablegold Stablegold Limited | Rent deposit deed | 1 property | 11/09/2008 | — | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 04/02/2008 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (63 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-17
capital-allotment-shares
capital · SH01
2021-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-02-13
termination-secretary-company-with-name-termination-date
officers · TM02
2021-02-13