BASIC SHIRTS LONDON LIMITED
- 46420Wholesale of clothing and footwear
Opportunity 74/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 67). 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: 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 · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (19 events)Click to expand
- 2025-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-20➖AHMED, Mahir resigneddirector
- 2025-10-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-10-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-05-22➕ISLAM, Mohammad Nurul appointeddirector
- 2025-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-04➖ISLAM, Mohammad Nurul resigneddirector
- 2025-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-12➕AHMED, Mahir appointeddirector
- 2024-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-02-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-11-10🏢Company incorporatedAs BASIC SHIRTS LONDON LIMITED
- 2021-11-10➕ISLAM, Mohammad Nurul appointeddirector
- 2021-11-10📄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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Basic Shirts Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Basic Shirts Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 01/01/2022 |
1 historic (ceased) PSC
- Mr Mohammad Nurul Islamceased 01/05/2024· 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.
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9 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.
See pricing →Company details
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.