360 SKY LOUNGE LTD
💤Zombieactive
12136578 · ltd · incorporated 2019-08-02
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 Aug 2024
Net worth
£-8.6k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
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: distressed disposal / insolvency (65/100).
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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
20 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 · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £8,642
Net assets shrinking
Down £16,259 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£9k
↓ 213% YoY
Current Assets
£648
↓ 62% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £31.6k | £46.1k |
| Current assets | £648 | £1.7k |
| Net assets | £-8.6k | £7.6k |
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 (20 events)Click to expand
- 2025-05-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-25➖HUSSEIN, Omar resigneddirector
- 2022-05-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-10➕HUSSEIN, Ehab appointeddirector
- 2021-04-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-12-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-11-30➖YOUSSEF, Bassam resigneddirector
- 2020-09-02📄resolutionresolution · RESOLUTIONS
- 2019-08-02🏢Company incorporatedAs 360 SKY LOUNGE LTD
- 2019-08-02➕HUSSEIN, Omar appointeddirector
- 2019-08-02➕YOUSSEF, Bassam appointeddirector
- 2019-08-02📄incorporation-companyincorporation · NEWINC
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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ehab Hussein Individual · British · DOB 05/1982 · age 44 | — | — | sig. influencesignificant influence | 20/05/2022 |
2 historic (ceased) PSCs
- Mr Omar Husseinceased 25/05/2022· 25-50% shares · 25-50% voting · board control
- Mr Bassam Youssefceased 01/12/2020· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 1 RXT LTD→ 11598905 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 15 CLAREMONT PROPERTY MANAGEMENT CO. LTD→ 07651955 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| 183 LOUNGE LTD→ 16697184 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1STEP SOCIAL LIMITED→ 09124926 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 20 ESLINGTON TERRACE MANAGEMENT COMPANY LIMITED→ 06039475 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 2PAFOOD LTD→ 11768861 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 2S-COTTAGES LTD→ 14176555 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 3 23 ASSOCIATES LTD→ 12136359 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 3 RXT LTD→ 14167805 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 35 PERCY GARDENS MANAGEMENT COMPANY LIMITED→ 04353359 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| 37 GROAT MARKET LTD→ 14533438 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 37B LTD→ 15756319 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2019-08-02
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants
Registered office
41 Park Terrace Park Terrace
Dunston
Gateshead
NE11 9PA
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01
Officers (1 active · 2 resigned)
HUSSEIN, Ehab→
Activedirector · ~44y · appointed 2021-11-10
View their other companies + combined net worth →
HUSSEIN, Omar→
Resigneddirector · ~47y · appointed 2019-08-02 · resigned 2022-05-25
YOUSSEF, Bassam→
Resigneddirector · ~51y · appointed 2019-08-02 · resigned 2020-11-30
Click a director name to see their full track record across all companies.
Recent filings (20 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-01
termination-director-company-with-name-termination-date
officers · TM01
2022-05-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-25
appoint-person-director-company-with-name-date
officers · AP01
2021-11-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-06
accounts-with-accounts-type-dormant
accounts · AA
2021-04-01