263RESTAURANT AND BAR LTD

💤Zombieactive
14099451 · ltd · incorporated 2022-05-11
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 May 2024
Net worth
book net assets
Opportunity
52/100
Worth a look
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 40/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (79/100)

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 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0May 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-02-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-02-17
    SADOMBA, Keith appointed
    director
  4. 2025-02-17
    KODAKANDALA, Raghunath resigned
    director
  5. 2025-02-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2025-02-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-08-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2024-06-14
    KODAKANDALA, Raghunath appointed
    director
  10. 2024-06-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-06-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2024-06-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2024-06-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2024-06-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2024-06-10
    SADOMBA, Keith resigned
    director
  16. 2023-07-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2023-07-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-05-11
    🏢
    Company incorporated
    As 263RESTAURANT AND BAR LTD
  19. 2022-05-11
    SADOMBA, Keith appointed
    director
  20. 2022-05-11
    📄
    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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-03

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Keith Sadomba
Individual · Zimbabwean · DOB 05/1991 · age 35
2550%
25-50% shares17/02/2025
3 historic (ceased) PSCs
  • Mr Raghunath Kodakandalaceased 17/02/2025· 75-100% shares · 75-100% voting · board control
  • The Banyan Holdingceased 14/06/2024· 25-50% shares · 25-50% voting · board control
  • Mr Keith Sadombaceased 10/06/2024· 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.

🔒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

11 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.

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Company details

Statusactive
Typeltd
Incorporated2022-05-11
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

76 Highcross Street Highcross Street
Leicester
LE1 4NN
England

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-03-03OVERDUE
Last: 2025-02-17

Officers (1 active · 2 resigned)

SADOMBA, Keith
director · ~35y · appointed 2025-02-17
View their other companies + combined net worth →
Active
KODAKANDALA, Raghunath
director · ~52y · appointed 2024-06-14 · resigned 2025-02-17
Resigned
SADOMBA, Keith
director · ~35y · appointed 2022-05-11 · resigned 2024-06-10
Resigned

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

Recent filings (17 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
appoint-person-director-company-with-name-date
officers · AP01
2025-02-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
accounts-with-accounts-type-dormant
accounts · AA
2024-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-14
appoint-person-director-company-with-name-date
officers · AP01
2024-06-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-14
termination-director-company-with-name-termination-date
officers · TM01
2024-06-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-06-14
accounts-with-accounts-type-dormant
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19