22 FS LTD

🌿Early-stageactive
15713621 · ltd · incorporated 2024-05-10
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 75/100. 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).

🏦

Refinance opportunity

2 live charges · oldest 0.4y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 0.4 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
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
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 2 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-02-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2026-02-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-01-30
    🔒
    Charge registered #2
    Lender: Barclays Security Trustee Limited
  4. 2025-12-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-12-20
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  6. 2025-11-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2025-09-24
    📄
    capital-allotment-shares
    capital · SH01
  8. 2025-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2025-06-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2025-04-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-05-25
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2024-05-10
    🏢
    Company incorporated
    As 22 FS LTD
  14. 2024-05-10
    MALEKZADEH, Mohammad appointed
    director
  15. 2024-05-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +Young company: Only 2.0 years old — management layer unlikely to be developed.

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: 2024-05-25: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mohammad Malekzadeh
Individual · British · DOB 11/1984 · age 42
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/05/2024

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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9 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 →
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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.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2024-05-10
Jurisdictionengland-wales
Primary SIC56101 — Licenced restaurants

Registered office

272 Regents Park Road
London
N3 3HN
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24

Officers (1 active · 0 resigned)

MALEKZADEH, Mohammad
director · ~42y · appointed 2024-05-10
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge1 property30/01/2026
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge20/12/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-24
capital-allotment-shares
capital · SH01
2025-09-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
change-person-director-company-with-change-date
officers · CH01
2025-06-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-17
change-person-director-company-with-change-date
officers · CH01
2025-04-16
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-25
incorporation-company
incorporation · NEWINC
2024-05-10