CLOTHES LINE RAGS LTD

💤Zombieactive
11246283 · ltd · incorporated 2018-03-09
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
£6.4k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong 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: 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
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
26 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 declared
Positive net assets
Net assets £6,406

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£6k
↑ 10% YoY
Current Assets
£2k
↓ 28% YoY
Current Liabilities
—
£0£1k£3k£4k£5k£6kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£6.4k£5.8k
Current assets£1.5k£2.1k
Net assets£6.4k£5.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • • 1 officers
Last 90 days
1
filing
  • • 1 officers
Last 180 days
2
filings
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-06-02
    ➖
    MAJEED, Shoaib resigned
    director
  2. 2026-06-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-09-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-09-16
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  7. 2024-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-10-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-07-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-06-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-06-01
    ➕
    SADIQ, Fatima appointed
    director
  15. 2019-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-01-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-01-10
    ➖
    MAJEED, Muhammad Awais resigned
    director
  19. 2019-01-10
    ➕
    MAJEED, Shoaib appointed
    director
  20. 2018-06-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2018-06-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-06-01
    ➖
    KAPPAYA, Muhammad Fazil resigned
    director
  23. 2018-06-01
    ➕
    MAJEED, Muhammad Awais appointed
    director
  24. 2018-03-09
    🏢
    Company incorporated
    As CLOTHES LINE RAGS LTD
  25. 2018-03-09
    ➕
    KAPPAYA, Muhammad Fazil appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material 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 signal

Some 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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mrs Fatima Sadiq
Individual · British · DOB 05/1981 · age 45
75–100%
—board control75-100% shares · board control17/09/2025

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 →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2018-03-09
Jurisdictionengland-wales
Primary SIC38320 — SIC 38320

Registered office

100 Nuthall Road
Nottingham
Nottinghamshire
NG8 5BY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-20
Last: 2025-06-06

Officers (1 active · 3 resigned)

SADIQ, Fatima→
director · ~45y · appointed 2020-06-01
View their other companies + combined net worth →
Active
KAPPAYA, Muhammad Fazil→
director · ~52y · appointed 2018-03-09 · resigned 2018-06-01
Resigned
MAJEED, Muhammad Awais→
director · ~39y · appointed 2018-06-01 · resigned 2019-01-10
Resigned
MAJEED, Shoaib→
director · ~37y · appointed 2019-01-10 · resigned 2026-06-02
Resigned

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

Recent filings (26 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-06-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-09-17
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-08