EDITION 169 LTD

🌿Early-stageactive
14315195 · ltd · incorporated 2022-08-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-77.5k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Wholesale of textiles
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46470Wholesale of furniture, carpets and lighting equipment
  • 47530Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 70/100. 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 -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £77,500
Net assets shrinking
Down £238,583 YoY
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£118k
↓ 55% YoY
Net Worth
-£78k
↓ 148% YoY
Current Assets
£230k
↓ 45% YoY
Current Liabilities
-£78k£21k£120k£219k£318k£416kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-77.5k£161.1k
Current assets£230.1k£416.4k
Cash£118.1k£261.3k
Debtors£111.9k£155.1k
Net assets£-77.5k£161.1k

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

🔒Filing-note intelligence

3 signals 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
3
filings
  • 2 officers
  • 1 address
Last 90 days
3
filings
  • 2 officers
  • 1 address
Last 180 days
3
filings
  • 2 officers
  • 1 address
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-04-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-04-08
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  4. 2026-04-01
    ALTIOS INTERNATIONAL UK LIMITED appointed
    corporate-secretary
  5. 2026-04-01
    PRAMEX INTERNATIONAL LTD resigned
    corporate-secretary
  6. 2025-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-24
    🏢
    Company incorporated
    As EDITION 169 LTD
  9. 2022-08-24
    AOUATE, David appointed
    director
  10. 2022-08-24
    AOUATE, Olivier appointed
    director
  11. 2022-08-24
    PRAMEX INTERNATIONAL LTD appointed
    corporate-secretary
  12. 2022-08-24
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  13. 2022-08-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Olivier Aouate
Individual · French · DOB 10/1990 · age 36
2550%
25–50%25-50% shares · 25-50% voting24/08/2022
Mr David Aouate
Individual · French · DOB 05/1986 · age 40
2550%
25–50%25-50% shares · 25-50% voting24/08/2022

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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

7 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
Incorporated2022-08-24
Jurisdictionengland-wales
Primary SIC46410 — Wholesale of textiles

Registered office

Wilberforce House
Station Road
London
Greater London
NW4 4QE
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29

Officers (3 active · 1 resigned)

ALTIOS INTERNATIONAL UK LIMITED
corporate-secretary · appointed 2026-04-01
View their other companies + combined net worth →
Active
AOUATE, David
director · ~40y · appointed 2022-08-24
View their other companies + combined net worth →
Active
AOUATE, Olivier
director · ~36y · appointed 2022-08-24
View their other companies + combined net worth →
Active
PRAMEX INTERNATIONAL LTD
corporate-secretary · appointed 2022-08-24 · resigned 2026-04-01
Resigned

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

Recent filings (10 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-09
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-09
appoint-corporate-secretary-company-with-name-date
officers · AP04
2026-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-30
change-account-reference-date-company-current-extended
accounts · AA01
2022-08-24
incorporation-company
incorporation · NEWINC
2022-08-24