159 CATERING LTD LTD
Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2026-02-27 | 2025-02-27 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 5 accounts
- • 1 gazette
- • 5 accounts
- • 1 gazette
Corporate timeline (15 events)Click to expand
- 2026-03-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2026-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2026-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2026-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2026-03-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-07📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-09-19📄gazette-notice-compulsorygazette · GAZ1
- 2023-06-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-10-29📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2022-10-04📄gazette-notice-compulsorygazette · GAZ1
- 2021-11-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-02-27🏢Company incorporatedAs 159 CATERING LTD LTD
- 2020-02-27➕ERGIN, Erdinc appointeddirector
- 2020-02-27📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2024-03-11
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Erdinc Ergin Individual · Turkish · DOB 03/1968 · age 58 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/02/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 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 →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.
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Registered office
Filing status
Officers (1 active · 0 resigned)
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