CHINA PALACE (GLASGOW) LIMITED
- 68209Other letting and operating of own or leased real estate
Opportunity 81/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · oldest 15.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £286.7k | £294.2k |
| Current assets | £102 | — |
| Cash | £102 | — |
| Net assets | £232.6k | £208.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (21 events)Click to expand
- 2025-11-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-05-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-04📄capital-allotment-sharescapital · SH01
- 2010-07-19🔒Charge registered #2Lender: Santander UK PLC
- 2010-06-16🔒Charge registered #1Lender: Santander UK PLC
- 2006-10-02🏢Company incorporatedAs CHINA PALACE (GLASGOW) LIMITED
- 2006-10-02➕SUNG, Suzanne appointedsecretary
- 2006-10-02➕SOONG, Sam appointeddirector
- 2006-10-02➕INCORPORATE SECRETARIAT LIMITED appointedcorporate-nominee-secretary
- 2006-10-02➖INCORPORATE SECRETARIAT LIMITED resignedcorporate-nominee-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Sam Soong Individual · British · DOB 10/1962 · age 64 | 25–50% | 25–50% | board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · trust interest · firm interest | 31/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | Bond & floating charge | 1 property | 19/07/2010 | — | |
| outstanding | Santander Santander UK PLC | Standard security | 1 property | 16/06/2010 | — |