1968 HE LIMITED
💤Zombieactive
11236071 · ltd · incorporated 2018-03-06
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 Mar 2025
Net worth
£930
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 76/100 (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: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £930
Cash YoY
-2%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£30k
↓ 1.5% YoY
Net Worth
£930
↑ 229% YoY
Current Assets
£63k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £930 | £283 |
| Current assets | £63.5k | £63.9k |
| Cash | £30.4k | £30.9k |
| Debtors | £33.0k | £33.0k |
| Net assets | £930 | £283 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-01-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-21➕HE, Qinqi appointeddirector
- 2023-03-21➖LIN, Qi resigneddirector
- 2023-03-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-09-22➖HE, Qinqi resigneddirector
- 2022-09-22➕TEOH, Chee Meng appointeddirector
- 2022-09-22➖TEOH, Chee Meng resigneddirector
- 2022-09-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-09-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-09-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-12➕LIN, Qi appointeddirector
- 2020-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-21➖ZHANG, Xiaozhong resigneddirector
- 2018-06-01➕ZHANG, Xiaozhong appointeddirector
- 2018-03-06🏢Company incorporatedAs 1968 HE LIMITED
- 2018-03-06➕HE, Qinqi appointeddirector
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- 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 Qinqi He Individual · Chinese · DOB 10/1968 · age 58 | 75–100% | — | 75-100% shares | 06/03/2018 |
2 historic (ceased) PSCs
- Mr Chee Meng Teohceased 22/09/2022· 75-100% shares · 75-100% voting · board control
- Mr Qinqi Heceased 22/09/2022· 75-100% shares
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 · Hospitality · E postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 081 PIZZERIA LIMITED→ 12711826 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 101 CONTEMPORARY INDIAN CUISINE LTD→ 16232653 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 109 DESSERTS LTD→ 17049647 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 109 GRANGE PARK ROAD MANAGEMENT COMPANY LIMITED→ 04870961 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| 11 ABDAAL LTD→ 17043060 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 151SOW LTD→ 14778873 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| 171 GRAHAM ROAD MANAGEMENT COMPANY LIMITED→ 10737919 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 1947 BAR & RESTAURANT LTD→ 12115097 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 1947 RESTAURANT & BAR LTD→ 16147359 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 196 SERVICED RESIDENCES LTD→ 14528254 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 19FANTASY HOUSE LIMITED→ 16654833 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1ST CHOICE ACCOMMODATION LTD→ 14236441 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2018-03-06
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
Unit 1 Gerry Raffles Square
London
E15 1BG
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-06
Last: 2025-04-22
Officers (1 active · 4 resigned)
Active
HE, Qinqi→
Resigneddirector · ~58y · appointed 2018-03-06 · resigned 2022-09-22
LIN, Qi→
Resigneddirector · ~47y · appointed 2021-07-12 · resigned 2023-03-21
TEOH, Chee Meng→
Resigneddirector · ~55y · appointed 2022-09-22 · resigned 2022-09-22
ZHANG, Xiaozhong→
Resigneddirector · ~53y · appointed 2018-06-01 · resigned 2019-03-21
Click a director name to see their full track record across all companies.
Recent filings (35 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
termination-director-company-with-name-termination-date
officers · TM01
2023-03-21
appoint-person-director-company-with-name-date
officers · AP01
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-11-15
termination-director-company-with-name-termination-date
officers · TM01
2022-09-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-09-22