EIGHTY EIGHT TAKEAWAY LIMITED

💤Zombieactive
SC320088 · ltd · incorporated 2007-04-02
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-1.5k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (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: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 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
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,486
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 62% YoY
Net Worth
-£1k
↑ 79% YoY
Current Assets
£6k
↓ 48% YoY
Current Liabilities
—
-£7k-£3k£461£4k£8k£12kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£-1.5k£-7.0k
Current assets£6.0k£11.7k
Cash£3.4k£9.0k
Debtors£625£627
Net assets£-1.5k£-7.0k

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
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-02-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-03-07
    ➖
    CHAN, Wai Ming resigned
    director
  6. 2025-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-21
    ➖
    WHITELAW WELLS resigned
    corporate-secretary
  11. 2021-12-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2021-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-10
    📄
    capital-name-of-class-of-shares
    capital · SH08
  14. 2019-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-11-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2018-11-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2010-09-12
    ➕
    CHAN, Marilyn Ortiz appointed
    director
  20. 2007-04-02
    🏢
    Company incorporated
    As EIGHTY EIGHT TAKEAWAY LIMITED
  21. 2007-04-02
    ➕
    CREDITREFORM (SECRETARIES) LIMITED appointed
    corporate-nominee-secretary
  22. 2007-04-02
    ➖
    CREDITREFORM (SECRETARIES) LIMITED resigned
    corporate-nominee-secretary
  23. 2007-04-02
    ➕
    WHITELAW WELLS appointed
    corporate-secretary
  24. 2007-04-02
    ➕
    CHAN, Wai Ming appointed
    director
  25. 2007-04-02
    ➕
    CREDITREFORM (DIRECTORS) LIMITED appointed
    corporate-nominee-director
  26. 2007-04-02
    ➖
    CREDITREFORM (DIRECTORS) LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 19 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Marilyn Ortiz Chan
Individual · British · DOB 04/1984 · age 42
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Wai Ming Chanceased 21/01/2026· 50-75% shares · 50-75% voting · board control

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 →
🔒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
Incorporated2007-04-02
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

9 Ainslie Place
Edinburgh
EH3 6AT

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21

Officers (1 active · 4 resigned)

CHAN, Marilyn Ortiz→
director · ~42y · appointed 2010-09-12
View their other companies + combined net worth →
Active
CREDITREFORM (SECRETARIES) LIMITED→
corporate-nominee-secretary · appointed 2007-04-02 · resigned 2007-04-02
Resigned
WHITELAW WELLS→
corporate-secretary · appointed 2007-04-02 · resigned 2021-12-21
Resigned
CHAN, Wai Ming→
director · ~53y · appointed 2007-04-02 · resigned 2025-03-07
Resigned
CREDITREFORM (DIRECTORS) LIMITED→
corporate-nominee-director · appointed 2007-04-02 · resigned 2007-04-02
Resigned

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

Recent filings (58 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
termination-director-company-with-name-termination-date
officers · TM01
2025-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-11
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-06