NARGILE LEISURE LIMITED
🌳Matureactive
SC244465 · ltd · incorporated 2003-02-21
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£154.1k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -38% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 23.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £154,144
Net assets shrinking
Down £77,449 YoY
Cash YoY
-38%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£154k
↓ 38% YoY
Net Worth
£154k
↓ 33% YoY
Current Assets
£166k
↓ 37% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Total assets | £155.9k | £244.1k |
| Current assets | £165.6k | £261.4k |
| Cash | £153.8k | £250.1k |
| Debtors | £5.4k | £7.0k |
| Net assets | £154.1k | £231.6k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-20➖IRIDAG, Yusuf resigneddirector
- 2015-03-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-11-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-01-15➕IRIDAG, Sara appointeddirector
- 2003-04-07🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-02-21🏢Company incorporatedAs NARGILE LEISURE LIMITED
- 2003-02-21➕IRIDAG, Karen Mary appointedsecretary
- 2003-02-21➕IRIDAG, Karen Mary appointeddirector
- 2003-02-21➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2003-02-21➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2003-02-21➕IRIDAG, Yusuf appointeddirector
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Yusuf Iridag Individual · British · DOB 08/1958 · age 68 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Karen Mary Iridag Individual · British · DOB 03/1959 · age 67 | 25–50% | — | 25-50% shares | 06/04/2016 |
Miss Sara Iridag Individual · British · DOB 07/1984 · age 42 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| M BOX ABERDEEN LIMITED→ SC674442 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| M-ARDOE TRADECO LTD→ SC694094 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MAN YEE ABERDEEN LIMITED→ SC704043 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| MAWM LTD→ SC804808 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MID INVESTMENTS LTD→ SC813133 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MISTRAL INVESTMENTS LTD→ SC464671 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| MOJO COFFEE & FOOD HOUSE LTD→ SC850854 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MPFA LIMITED→ SC833000 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| NE BLEND LTD→ SC782931 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NEMZBLENDZ LIMITED→ SC769567 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| NESPT LICENCES LTD→ SC740968 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| NEST CV LTD→ SC701981 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2003-02-21
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
106 Forest Avenue
Aberdeen
AB15 4UP
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (3 active · 2 resigned)
IRIDAG, Karen Mary→
Activesecretary · appointed 2003-02-21
View their other companies + combined net worth →
IRIDAG, Karen Mary→
Activedirector · ~67y · appointed 2003-02-21
View their other companies + combined net worth →
IRIDAG, Sara→
Activedirector · ~42y · appointed 2013-01-15
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-02-21 · resigned 2003-02-21
IRIDAG, Yusuf→
Resigneddirector · ~68y · appointed 2003-02-21 · resigned 2015-03-20
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/04/2003 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-17