ARDGO RAREDRAM LIMITED
🌿Early-stageactive
14819131 · ltd · incorporated 2023-04-21
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 Mar 2025
Net worth
£-16.1k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (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, 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 (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £16,081
Key financials
2 years extracted from filed iXBRL accountsCash
£4k
Net Worth
-£16k
↓ 131% YoY
Current Assets
£55k
↑ 3822% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-16.1k | £-7.0k |
| Current assets | £54.6k | £1.4k |
| Cash | £4.2k | — |
| Debtors | £4.6k | £1.4k |
| Net assets | £-16.1k | £-7.0k |
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 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
- 2026-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-07📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-05-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-02➕NG, Shing On Danny appointeddirector
- 2024-04-10📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2023-12-01➕EIK BUSINESS LIMITED appointedcorporate-secretary
- 2023-04-21🏢Company incorporatedAs ARDGO RAREDRAM LIMITED
- 2023-04-21➕CHEUNG, Chi Hung appointeddirector
- 2023-04-21📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Chi Hung Cheung Individual · Chinese · DOB 11/1965 · age 61 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/04/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| A. S. FRUIT & VEG LIMITED→ 07848451 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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| ARCS STORE LIMITED→ 16195226 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AROMA ARABIAN LTD→ 16433973 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AROMA UM SOLUTIONS LTD→ 16564305 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AROMIQUE BEAUTY LTD→ 16644241 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARROW HAIR & BEAUTY SUPPLIES LIMITED→ 03309488 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| ARSEN GROUP LTD→ 13480148 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ARSH COOKWARE LTD→ 16838064 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARSLAN MAZ TRADING LIMITED→ 15965129 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ART WOOD PRODUCT LTD→ 08154235 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2023-04-21
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 1e, Bromsgrove House
88 Bromsgrove Street
Birmingham
B5 6AJ
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10
Officers (3 active · 0 resigned)
EIK BUSINESS LIMITED→
Activecorporate-secretary · appointed 2023-12-01
View their other companies + combined net worth →
CHEUNG, Chi Hung→
Activedirector · ~61y · appointed 2023-04-21
View their other companies + combined net worth →
NG, Shing On Danny→
Activedirector · ~58y · appointed 2024-05-02
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (10 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-10-07
appoint-person-director-company-with-name-date
officers · AP01
2024-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
appoint-corporate-secretary-company-with-name-date
officers · AP04
2024-04-10
incorporation-company
incorporation · NEWINC
2023-04-21