1177 RETAIL LTD

💤Zombieactive
13465165 · ltd · incorporated 2021-06-18
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 Nov 2024
Net worth
£32.0k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company 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: Cash flow review and working-capital discipline. Cash down -86% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 3.6y

35/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~3.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
22 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
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £32,048
Net assets shrinking
Down £44,732 YoY
Cash draining
Cash down 86% YoY
Cash YoY
-86%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 86% YoY
Net Worth
£32k
↓ 58% YoY
Current Assets
£361k
↑ 7.7% YoY
Current Liabilities
£0£72k£144k£216k£288k£361kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£124.4k£109.6k
Current assets£360.6k£334.9k
Cash£6.3k£44.7k
Debtors£354.4k£290.2k
Net assets£32.0k£76.8k

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
2
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-06-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-01-05
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2023-12-21
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  6. 2023-12-21
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  7. 2023-12-20
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2023-12-20
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  9. 2023-12-20
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  10. 2023-12-06
    📄
    capital-allotment-shares
    capital · SH01
  11. 2023-11-27
    📄
    capital-allotment-shares
    capital · SH01
  12. 2023-05-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2023-02-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2023-01-11
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  15. 2022-12-09
    📄
    capital-allotment-shares
    capital · SH01
  16. 2022-10-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-10-11
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  18. 2021-06-18
    🏢
    Company incorporated
    As 1177 RETAIL LTD
  19. 2021-06-18
    PATEL, Hinal appointed
    director
  20. 2021-06-18
    📄
    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

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
NameSharesVoting rightsNature of controlNotified
Mrs Hinal Patel
Individual · British · DOB 01/1985 · age 41
2550%
25–50%board control25-50% shares · 25-50% voting · board control18/06/2021

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
Incorporated2021-06-18
Jurisdictionengland-wales
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

6 Isambard Brunel Road
Portsmouth
Hampshire
PO1 2DU
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-20
Last: 2025-12-06

Officers (1 active · 0 resigned)

PATEL, Hinal
director · ~41y · appointed 2021-06-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge11/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (22 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-04
resolution
resolution · RESOLUTIONS
2024-01-05
second-filing-capital-allotment-shares
capital · RP04SH01
2023-12-21
second-filing-capital-allotment-shares
capital · RP04SH01
2023-12-21
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-12-20
second-filing-capital-allotment-shares
capital · RP04SH01
2023-12-20
second-filing-capital-allotment-shares
capital · RP04SH01
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-06
capital-allotment-shares
capital · SH01
2023-12-06
capital-allotment-shares
capital · SH01
2023-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-05