APPLESPICE LIMITED
💤Zombieactive
10608534 · ltd · incorporated 2017-02-08
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 Feb 2025
Net worth
£4.3k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Wholesale of sugar and chocolate and sugar confectionery
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 56290Other food services
- 61900Other telecommunications activities
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
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 (58/100).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £4,335
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£4k
↑ 40% YoY
Current Assets
£5k
↑ 28% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Total assets | £4.3k | £3.1k |
| Current assets | £5.2k | £4.1k |
| Net assets | £4.3k | £3.1k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-11-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-02-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-12-13📄gazette-notice-compulsorygazette · GAZ1
- 2022-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-28➖ZAHID, Shaien resigneddirector
- 2021-09-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-09-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-09-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-15➕MUGHAL, Zahid appointeddirector
- 2020-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2020-08-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-08-22➖MUGHAL, Zahid resigneddirector
- 2020-08-22➕ZAHID, Shaien appointeddirector
- 2020-08-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-08-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-08-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-08-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-07-03➖BOND, Lyn resigneddirector
- 2020-07-03➕MUGHAL, Zahid appointeddirector
- 2020-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-02-08🏢Company incorporatedAs APPLESPICE LIMITED
- 2017-02-08➕BOND, Lyn appointeddirector
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
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Zahid Mughal Individual · British · DOB 05/1972 · age 54 | 75–100% | — | 75-100% shares | 28/09/2021 |
3 historic (ceased) PSCs
- Mrs Shaien Zahidceased 28/09/2021· 75-100% shares
- Mr Zahid Mughalceased 22/08/2020· 75-100% shares · 75-100% voting · board control
- Sdg Registrars Limitedceased 03/07/2020· 75-100% shares · 75-100% voting · board control
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 · Wholesale & distribution · BD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A TO Z SCRAP CARS AND VANS LTD→ 14884895 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| A1 POULTRY WHOLESALE BIS LTD→ 13383995 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADAMSONS LIMITED→ 12229556 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AIRE VALLEY DECORATING CENTRE LTD→ 06286672 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AL MADINA BUTCHERS LTD→ 09470870 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| AMK GOODS DISTRIBUTORS LTD→ 16522887 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANNA TRADERS PVT LTD→ 16641352 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AQSA TRADING LTD→ 13710434 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ARA HALAL MEAT LTD→ 16551136 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARDENT DIRECT DISTRIBUTION LIMITED→ 13537225 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ARKHAM RETAIL LTD→ 15461198 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ARKIUM LTD→ 16536317 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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 →🔒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
Incorporated2017-02-08
Jurisdictionengland-wales
Primary SIC46360 — Wholesale of sugar and chocolate and sugar confectionery
Registered office
292 Keighley Road
Bradford
West Yorkshire
BD9 4LH
United Kingdom
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (1 active · 3 resigned)
MUGHAL, Zahid→
Activedirector · ~54y · appointed 2021-09-15
View their other companies + combined net worth →
BOND, Lyn→
Resigneddirector · ~65y · appointed 2017-02-08 · resigned 2020-07-03
MUGHAL, Zahid→
Resigneddirector · ~54y · appointed 2020-07-03 · resigned 2020-08-22
ZAHID, Shaien→
Resigneddirector · ~57y · appointed 2020-08-22 · resigned 2021-09-28
Click a director name to see their full track record across all companies.
Recent filings (39 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-14
gazette-filings-brought-up-to-date
gazette · DISS40
2023-02-04
accounts-with-accounts-type-dormant
accounts · AA
2023-02-03
gazette-notice-compulsory
gazette · GAZ1
2022-12-13
accounts-with-accounts-type-dormant
accounts · AA
2022-02-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-28
termination-director-company-with-name-termination-date
officers · TM01
2021-09-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-09-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-09-28