BASIT KNITWEAR LIMITED
💤Zombieactive
06575531 · ltd · incorporated 2008-04-24
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 Aug 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: SIC 13910
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 9.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 2600 | 2600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-06-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-06-25➖FAROOQ, Ahmed resigneddirector
- 2020-06-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-05-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-06-20🔒Charge registered #1Lender: National Westminster Bank PLC
- 2017-05-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-09-14➕ASLAM, Shahbaz appointeddirector
- 2012-09-14➖ASLAM, Muhammad Sajjad resigneddirector
- 2012-04-18➕ASLAM, Muhammad Sajjad appointeddirector
- 2008-06-23➕FAROOQ, Ahmed appointeddirector
- 2008-04-25➖FORM 10 DIRECTORS FD LTD resignedcorporate-director
- 2008-04-24🏢Company incorporatedAs BASIT KNITWEAR LIMITED
- 2008-04-24➕FORM 10 DIRECTORS FD LTD appointedcorporate-director
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
63/100
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 14 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.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-10
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Muhammad Sajjad Aslam Individual · Pakistani · DOB 12/1986 · age 40 | 75–100% | — | 75-100% shares | 25/06/2020 |
Mr Shahbaz Aslam Individual · British · DOB 09/1973 · age 53 | — | — | sig. influencesignificant influence | 12/08/2018 |
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 · Manufacturing · M postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B.L. CONTROLS LIMITED→ 03655115 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| BARAKAH BEARDS LTD→ 16844217 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BENSONNI CLASSIC LIMITED→ 12718331 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BESPOKE HOME INTERIOR DESIGN LIMITED→ 09004008 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BESPOKE KITCHEN PARTNERS LTD→ 16582882 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BEST BARGAIN SEWING SUPPLIES LTD→ 11156670 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BEST VIEW FITTING LIMITED→ 16010482 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BEVISUAL MULTIMEDIA LTD→ 14488107 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BEYOND BORDERS TRAVEL CO. LTD→ 16367237 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BG COMET LIMITED→ 05166911 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BHID GROUP LIMITED→ 09003127 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| BHT COMMERCIALS SALFORD LTD→ 15894741 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2008-04-24
Jurisdictionengland-wales
Primary SIC13910 — SIC 13910
Registered office
2nd Floor Unit 3, Appolo Business Park
Apsley Grove
Manchester
M12 6AW
United Kingdom
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-07-10OVERDUE
Last: 2025-06-26
Officers (1 active · 3 resigned)
ASLAM, Shahbaz→
Activedirector · ~53y · appointed 2012-09-14
View their other companies + combined net worth →
ASLAM, Muhammad Sajjad→
Resigneddirector · ~40y · appointed 2012-04-18 · resigned 2012-09-14
FAROOQ, Ahmed→
Resigneddirector · ~83y · appointed 2008-06-23 · resigned 2020-06-25
FORM 10 DIRECTORS FD LTD→
Resignedcorporate-director · appointed 2008-04-24 · resigned 2008-04-25
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 | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 20/06/2017 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (50 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-06-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-26
termination-director-company-with-name-termination-date
officers · TM01
2020-06-25