ARUVI FORECOURTS LTD

💤Zombieactive
14528246 · ltd · incorporated 2022-12-07
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 Dec 2024
Net worth
£4.2k
book net assets
Opportunity
68/100
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
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (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: 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 (58/100).

Data confidence

Overall: medium (78/100)

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
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
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £4,172

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£4k
↑ 60% YoY
Current Assets
£33k
↓ 51% YoY
Current Liabilities
£0£13k£27k£40k£53k£67kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£4.2k£2.6k
Current assets£32.6k£66.8k
Cash£101
Debtors£27.7k
Net assets£4.2k£2.6k

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-23
    SATKUNANATHAN, Ankajan resigned
    director
  5. 2024-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-08-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-08-01
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-07-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-07-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-12-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-12-07
    🏢
    Company incorporated
    As ARUVI FORECOURTS LTD
  15. 2022-12-07
    NADARAJAH, Nikethan appointed
    director
  16. 2022-12-07
    SATKUNANATHAN, Ankajan appointed
    director
  17. 2022-12-07
    📄
    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 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-08-01: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nikethan Nadarajah
Individual · Sri Lankan · DOB 05/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/12/2022
1 historic (ceased) PSC
  • Mr Ankajan Satkunanathanceased 23/08/2024· 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.

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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
Incorporated2022-12-07
Jurisdictionengland-wales
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

8 Heritage Park
Tavistock
PL19 0BY
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-06
Last: 2025-08-23

Officers (1 active · 1 resigned)

NADARAJAH, Nikethan
director · ~42y · appointed 2022-12-07
View their other companies + combined net worth →
Active
SATKUNANATHAN, Ankajan
director · ~42y · appointed 2022-12-07 · resigned 2024-08-23
Resigned

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

Recent filings (16 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-23
termination-director-company-with-name-termination-date
officers · TM01
2024-08-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-23
certificate-change-of-name-company
change-of-name · CERTNM
2024-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-01
change-person-director-company-with-change-date
officers · CH01
2023-06-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-23