ISTRADA LIMITED

🌳Matureactive
SC293298 · ltd · incorporated 2005-11-17
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.2y old — refinance window within 12 months
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 Dec 2024
Net worth
£248.9k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other food services
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 12.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £248,864

Key financials

2 years extracted from filed iXBRL accounts
Cash
£96k
Net Worth
£249k
Current Assets
—
Current Liabilities
—
£0£50k£100k£149k£199k£249kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Cash£95.7k—
Net assets£248.9k—
Average employees—1800

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

🔒Filing-note intelligence

3 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 (23 events)Click to expand
  1. 2025-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-20
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2022-10-19
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2022-10-19
    📄
    memorandum-articles
    incorporation · MA
  7. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-08-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-09-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-05-01
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  17. 2014-04-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  18. 2010-04-06
    ➖
    STILL, Andrew James resigned
    director
  19. 2009-10-01
    ➕
    THORES, Derek appointed
    director
  20. 2005-11-17
    🏢
    Company incorporated
    As ISTRADA LIMITED
  21. 2005-11-17
    ➕
    STILL, Ian Stewart appointed
    secretary
  22. 2005-11-17
    ➕
    STILL, Ian Stewart appointed
    director
  23. 2005-11-17
    ➕
    STILL, Andrew James appointed
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Stewart Still
Individual · British · DOB 08/1980 · age 46
25–50%
—25-50% shares17/11/2016
Mr Derek Thores
Individual · British · DOB 09/1970 · age 56
25–50%
—25-50% shares17/11/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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SODEXO REMOTE SITES HOLDINGS LIMITED→
SC191991 · est 1998
£5.84M
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——027y8358y
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SC059276 · est 1976
£2.17M
£1.63M–£2.71M
£26.24M—1860050y9058y
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SC094745 · est 1985
£28.9k
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——9140y9471y
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——£66.7k—23y8361y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2005-11-17
Jurisdictionscotland
Primary SIC56290 — Other food services

Registered office

7 Queens Terrace
Aberdeen
Aberdeenshire
AB10 1XL

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (3 active · 1 resigned)

STILL, Ian Stewart→
secretary · appointed 2005-11-17
View their other companies + combined net worth →
Active
STILL, Ian Stewart→
director · ~46y · appointed 2005-11-17
View their other companies + combined net worth →
Active
THORES, Derek→
director · ~56y · appointed 2009-10-01
View their other companies + combined net worth →
Active
STILL, Andrew James→
director · ~76y · appointed 2005-11-17 · resigned 2010-04-06
Resigned

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
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property01/05/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—24/04/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-28
capital-name-of-class-of-shares
capital · SH08
2022-10-20
resolution
resolution · RESOLUTIONS
2022-10-19
memorandum-articles
incorporation · MA
2022-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-24