SAMS FURNITURE LTD

💤Zombieactive
SC348346 · ltd · incorporated 2008-09-10
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
—
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Turnover
—
year to Sept 2024
Net worth
£567.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 46150
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. 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 5.6y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £567,110
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£365k
↑ 10% YoY
Net Worth
£567k
↑ 9.8% YoY
Current Assets
£615k
↑ 2.5% YoY
Current Liabilities
—
£0£123k£246k£369k£492k£615kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£676.9k£651.6k
Current assets£614.8k£599.5k
Cash£365.4k£331.4k
Debtors£48.1k£27.2k
Net assets£567.1k£516.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-01-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-01-18
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  8. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-12-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2020-12-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  11. 2020-11-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2020-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-06-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2010-09-10
    ➖
    SALIM, Hussam Hussein resigned
    secretary
  18. 2008-09-10
    🏢
    Company incorporated
    As SAMS FURNITURE LTD
  19. 2008-09-10
    ➕
    SALIM, Hussam Hussein appointed
    director
  20. 2008-09-10
    ➕
    SALIM, Hussam Hussein appointed
    secretary

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 18 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 18 years.
  • secondaryStable-but-static management: Company is 18 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
Mr Hussam Hussein Salim
Individual · British · DOB 11/1977 · age 49
75–100%
—75-100% shares06/04/2016

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 →

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EBENEZER LEISURE LIMITED→
SC265273 · est 2004
——£99.6k—22y8269y
SCRABSTER SEAFOODS LIMITED→
SC164816 · est 1996
———20030y8275y
SIMPSON OILS LIMITED→
SC162987 · est 1996 · no financials extracted
————30y8166y
ORKNEY MARINE OIL COMPANY LIMITED→
SC276310 · est 2004
——£142.4k—21y8067y
ROBERTSONS OF TAIN (NORTH) LIMITED→
SC300052 · est 2006
——£90.4k—20y8065y
THOMSON INTERNATIONAL (FISH SALES) LIMITED→
SC199134 · est 1999
——£403.2k—26y8063y
ALLAN'S OF GILLOCK LIMITED→
SC099434 · est 1986
——£9.14M—40y7984y
L E D SCOTLAND LTD→
SC290289 · est 2005
——£882.5k—20y7961y
HUTCHISON SHELLFISH LIMITED→
SC631111 · est 2019
———07y7870y
ISLAND SHELLFISH LIMITED→
SC417389 · est 2012
——£55.3k—14y7860y
NORTH HIGHLAND PRODUCTS LIMITED→
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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
Incorporated2008-09-10
Jurisdictionscotland
Primary SIC46150 — SIC 46150

Registered office

118 High Street
Wick
Caithness
KW1 4LR
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12

Officers (1 active · 1 resigned)

SALIM, Hussam Hussein→
director · ~49y · appointed 2008-09-10
View their other companies + combined net worth →
Active
SALIM, Hussam Hussein→
secretary · appointed 2008-09-10 · resigned 2010-09-10
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 property18/01/2022—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—03/12/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (42 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
change-person-director-company-with-change-date
officers · CH01
2024-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-12-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-16