AL WATAN SUPERMARKETS LTD

💤Zombieactive
12827679 · ltd · incorporated 2020-08-20
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
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Turnover
year to Aug 2025
Net worth
£1.5k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), 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: Cash flow review and working-capital discipline. Cash down -65% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (80/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £1,539
Net assets shrinking
Down £487 YoY
Cash draining
Cash down 65% YoY
Cash YoY
-65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 65% YoY
Net Worth
£2k
↓ 24% YoY
Current Assets
£44k
↓ 13% YoY
Current Liabilities
£0£10k£20k£30k£40k£50kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£27.5k£37.2k
Current assets£43.9k£50.3k
Cash£6.5k£18.5k
Debtors£311£1.2k
Net assets£1.5k£2.0k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-05-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-05-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-07-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-05-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-05-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-05-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-06-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2021-06-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2021-06-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-06-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-06-18
    AHMED, Suleman appointed
    director
  12. 2021-06-18
    RAFIQ, Zeeshan resigned
    director
  13. 2020-08-20
    🏢
    Company incorporated
    As AL WATAN SUPERMARKETS LTD
  14. 2020-08-20
    RAFIQ, Zeeshan appointed
    director
  15. 2020-08-20
    📄
    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

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-07-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Suleman Ahmed
Individual · Pakistani · DOB 05/1980 · age 46
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/06/2021
1 historic (ceased) PSC
  • Mr Zeeshan Rafiqceased 18/06/2021· 75-100% shares · 75-100% voting · board control

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2020-08-20
Jurisdictionengland-wales
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

101 Rutland Avenue
High Wycombe
HP12 3JQ
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-07-03OVERDUE
Last: 2025-06-19

Officers (1 active · 1 resigned)

AHMED, Suleman
director · ~46y · appointed 2021-06-18
View their other companies + combined net worth →
Active
RAFIQ, Zeeshan
director · ~44y · appointed 2020-08-20 · resigned 2021-06-18
Resigned

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

Recent filings (16 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-22
appoint-person-director-company-with-name-date
officers · AP01
2021-06-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-06-22
termination-director-company-with-name-termination-date
officers · TM01
2021-06-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-22