ATHRAT LIMITED

🏛️Establishedactive
10470454 · ltd · incorporated 2016-11-09
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£62.5k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 47749
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 65/100. 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).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £62,512

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£63k
↑ 3.4% YoY
Current Assets
£1k
↑ 211% YoY
Current Liabilities
—
£0£13k£25k£38k£50k£63kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£13.6k£47.9k
Current assets£1.1k£350
Net assets£62.5k£60.5k

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 (29 events)Click to expand
  1. 2025-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-10-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-02-23
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2023-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-08-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-08-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-07-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-12-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-10-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-09-14
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  17. 2022-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-10-12
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  19. 2021-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2021-08-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2019-12-03
    ➕
    GHAFFARI, Sasan appointed
    director
  22. 2018-06-07
    ➕
    NIAZI, Negin appointed
    director
  23. 2018-06-07
    ➖
    GHAFFARI, Sasan resigned
    director
  24. 2018-01-26
    ➕
    GHAFFARI, Sasan appointed
    director
  25. 2018-01-26
    ➖
    NIAZI, Negin resigned
    director
  26. 2018-01-02
    ➖
    GHAFFARI, Sasan resigned
    director
  27. 2018-01-02
    ➕
    NIAZI, Negin appointed
    director
  28. 2016-11-09
    🏢
    Company incorporated
    As ATHRAT LIMITED
  29. 2016-11-09
    ➕
    GHAFFARI, Sasan appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-06

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss Negin Niazi
Individual · British · DOB 08/1985 · age 41
75–100%
—75-100% shares01/07/2018
3 historic (ceased) PSCs
  • Mr Sasan Ghaffariceased 31/10/2023· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
  • Mr Sasan Ghaffariceased 07/06/2018· 75-100% shares · 75-100% voting
  • Mr Sasan Ghaffariceased 02/01/2018· significant influence

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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.

See pricing →
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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.

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Company details

Statusactive
Typeltd
Incorporated2016-11-09
Jurisdictionengland-wales
Primary SIC47749 — SIC 47749

Registered office

Imperial Place Unit 41, Regus
4 Imperial Place, Maxwell Road
Borehamwood
Hertfordshire, Wd6 1jn
WD6 1JN
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-06OVERDUE
Last: 2025-06-22

Officers (2 active · 3 resigned)

GHAFFARI, Sasan→
director · ~35y · appointed 2019-12-03
View their other companies + combined net worth →
Active
NIAZI, Negin→
director · ~41y · appointed 2018-06-07
View their other companies + combined net worth →
Active
GHAFFARI, Sasan→
director · ~35y · appointed 2018-01-26 · resigned 2018-06-07
Resigned
GHAFFARI, Sasan→
director · ~35y · appointed 2016-11-09 · resigned 2018-01-02
Resigned
NIAZI, Negin→
director · ~41y · appointed 2018-01-02 · resigned 2018-01-26
Resigned

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

Recent filings (49 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
gazette-notice-compulsory
gazette · GAZ1
2025-10-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-30
change-person-director-company-with-change-date
officers · CH01
2023-08-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-24