DIRECT RETAIL LIMITED

💤Zombieactive
SC422816 · ltd · incorporated 2012-04-26
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 May 2025
Net worth
£3.7k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. 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

1 live charge · oldest 10.3y

45/100
under pressure

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

  • · Oldest live charge is 10.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
46 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £3,717
Net assets shrinking
Down £18,279 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£4k
↓ 83% YoY
Current Assets
£155k
↑ 133% YoY
Current Liabilities
£0£31k£62k£93k£124k£155kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£8.8k£100.9k
Current assets£154.6k£66.5k
Net assets£3.7k£22.0k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2022-09-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2020-12-14
    🔓
    Charge satisfied #1
  12. 2020-05-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2020-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-02-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2019-01-11
    SALEEM, Mohammed resigned
    director
  18. 2019-01-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2016-01-13
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2013-04-04
    SALEEM, Mohammed appointed
    director
  21. 2013-04-04
    SALEEM, Usman resigned
    director
  22. 2012-04-26
    🏢
    Company incorporated
    As DIRECT RETAIL LIMITED
  23. 2012-04-26
    SALEEM, Asmat appointed
    director
  24. 2012-04-26
    SALEEM, Usman appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
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 14 years.
  • 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.)

Group structure

Fife Future Investments Ltd. holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Fife Future Investments Ltd.
Corporate parent
DIRECT RETAIL LIMITED
This company · SC422816

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Asmat Saleem
Individual · British · DOB 10/1991 · age 35
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/07/2016
Fife Future Investments Ltd.
Corporate entity
sig. influencesignificant influence25/06/2019
2 historic (ceased) PSCs
  • Mr Mohammad Saleemceased 11/01/2019· 25-50% shares
  • Mr Usman Saleemceased 01/07/2016· 25-50% shares

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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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
Incorporated2012-04-26
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

12 Maybury Road
Edinburgh
EH4 8DY
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26

Officers (1 active · 2 resigned)

SALEEM, Asmat
director · ~35y · appointed 2012-04-26
View their other companies + combined net worth →
Active
SALEEM, Mohammed
director · ~68y · appointed 2013-04-04 · resigned 2019-01-11
Resigned
SALEEM, Usman
director · ~39y · appointed 2012-04-26 · resigned 2013-04-04
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge13/01/201614/12/2020

Recent filings (46 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-09-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-27
mortgage-satisfy-charge-full
mortgage · MR04
2020-12-14