39 GLASGOW LTD

💤Zombieactive
12052227 · ltd · incorporated 2019-06-14
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 Jun 2023
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: SIC 47890
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jun 2022Jun 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-06-302022-06-30
Average employees8000

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

🔒Filing-note intelligence

1 signal 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
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-10-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2025-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-07-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-07-15
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  5. 2025-07-08
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  6. 2025-06-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  7. 2025-04-01
    SHAFIQUE, Muhammad appointed
    director
  8. 2025-04-01
    HUSSAIN, Asif resigned
    director
  9. 2024-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-03-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2024-03-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-10-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-10-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-09-01
    HUSSAIN, Asif appointed
    director
  15. 2023-09-01
    HUSSAIN, Khalid resigned
    director
  16. 2023-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-09-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2022-09-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2022-08-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-06-14
    🏢
    Company incorporated
    As 39 GLASGOW LTD
  23. 2019-06-14
    HUSSAIN, Khalid appointed
    director
  24. 2019-06-14
    📄
    incorporation-company
    incorporation · NEWINC

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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-06-30

Confirmation statement overdue
high

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

Evidence: Next due: 2025-11-05

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Asif Hussain
Individual · British · DOB 02/1980 · age 46
75100%
75-100% shares23/10/2023
1 historic (ceased) PSC
  • Mr Khalid Hussainceased 26/10/2023· 75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest

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 →

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03761414 · est 1999 · no financials extracted
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2019-06-14
Jurisdictionengland-wales
Primary SIC47890 — SIC 47890

Registered office

First Floor
65-66 Long Row
Nottingham
NG1 6JE
England

Filing status

Accounts
Next due: 2025-06-30OVERDUE
Last made up to: 2023-06-30
Confirmation statement
Next due: 2025-11-05OVERDUE
Last: 2024-10-22

Officers (1 active · 2 resigned)

SHAFIQUE, Muhammad
director · ~50y · appointed 2025-04-01
View their other companies + combined net worth →
Active
HUSSAIN, Asif
director · ~46y · appointed 2023-09-01 · resigned 2025-04-01
Resigned
HUSSAIN, Khalid
director · ~45y · appointed 2019-06-14 · resigned 2023-09-01
Resigned

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

Recent filings (25 total)

appoint-person-director-company-with-name-date
officers · AP01
2025-10-17
termination-director-company-with-name-termination-date
officers · TM01
2025-10-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-25
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2025-07-15
gazette-notice-voluntary
gazette · GAZ1(A)
2025-07-08
dissolution-application-strike-off-company
dissolution · DS01
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-26
appoint-person-director-company-with-name-date
officers · AP01
2023-10-26
termination-director-company-with-name-termination-date
officers · TM01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-02