ACE FOODS (NE) LTD

🌿Early-stageactive
15507735 · ltd · incorporated 2024-02-20
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£12.1k
book net assets
Opportunity
66/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Special-situation opportunity
Distressed trade-services with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £12,093

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£12k
Current Assets
£16k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-28
Total assets£12.1k
Current assets£16.4k
Net assets£12.1k

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (5 events)Click to expand
  1. 2026-06-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-11-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-20
    🏢
    Company incorporated
    As ACE FOODS (NE) LTD
  4. 2024-02-20
    MEMARI, Houshang appointed
    director
  5. 2024-02-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Young company: Only 2.4 years old — management layer unlikely to be developed.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-05

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Houshang Memari
Individual · British · DOB 10/1953 · age 73
75100%
75–100%board control75-100% shares · 75-100% voting · board control20/02/2024

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 →
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10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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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.

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Company details

Statusactive
Typeltd
Incorporated2024-02-20
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

F20 Willow Court
Team Valley Trading Estate
Gateshead
NE11 0RU
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-05OVERDUE
Last: 2025-02-19

Officers (1 active · 0 resigned)

MEMARI, Houshang
director · ~73y · appointed 2024-02-20
View their other companies + combined net worth →
Active

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Recent filings (4 total)

gazette-notice-compulsory
gazette · GAZ1
2026-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-01
incorporation-company
incorporation · NEWINC
2024-02-20