388 DIRECT LTD
No material changes in the last 30 days.
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- 47190Other retail sale in non-specialised stores
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £11.7k | £5.3k |
| Current assets | £23.8k | £21.3k |
| Net assets | £4.3k | £7.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
Corporate timeline (29 events)Click to expand
- 2026-04-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-10-10📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-10-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-09-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-20➕STORER, John Richard appointeddirector
- 2025-09-20➖ANJUM, Rameez resigneddirector
- 2025-09-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-02📄gazette-notice-compulsorygazette · GAZ1
- 2025-09-01✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-08-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-08-29📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-08-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-01➕ANJUM, Rameez appointeddirector
- 2025-08-01➖JHAND, Sandeep Singh, Mr. resigneddirector
- 2025-07-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-26📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-06-03📄gazette-notice-compulsorygazette · GAZ1
- 2024-12-25📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-12-24📄gazette-notice-compulsorygazette · GAZ1
- 2024-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2014-06-16🏢Company incorporatedAs 388 DIRECT LTD
- 2014-06-16➕JHAND, Sandeep Singh, Mr. appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ANJUM, Rameez resigned 2025-09-20; JHAND, Sandeep Singh, Mr. resigned 2025-08-01
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-09-01: certificate-change-of-name-company
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Richard Storer Individual · British · DOB 09/1966 · age 60 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/09/2025 |
2 historic (ceased) PSCs
- Mr Rameez Anjumceased 20/09/2025· 75-100% shares · 75-100% voting · board control
- Mr. Sandeep Singh Jhandceased 01/08/2025· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 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.
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Registered office
Filing status
Officers (1 active · 2 resigned)
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