PREMIER HOUSEWARES DEVCO LIMITED

💤Zombieactive
SC487573 · ltd · incorporated 2014-09-26
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 Sept 2024
Net worth
£1
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 70/100 (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: 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).

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1
Very low cash
Cash position: £1

Key financials

1 year extracted from filed iXBRL accounts
Cash
£1
Net Worth
£1
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£1
Cash£1
Net assets£1

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
7
filings
  • 3 persons-with-significant-control
  • 2 gazette
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-12
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  2. 2026-01-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-01-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-01-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-01-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2026-01-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2025-06-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2024-10-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2024-10-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-10-30
    📄
    capital-allotment-shares
    capital · SH01
  11. 2024-10-28
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  12. 2024-10-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2024-10-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2024-06-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2023-03-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-08-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2022-08-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2021-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2014-09-26
    🏢
    Company incorporated
    As PREMIER HOUSEWARES DEVCO LIMITED
  21. 2014-09-26
    MOBARIK, Awais appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-10-28: certificate-change-of-name-company

Group structure

Saul Investments is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Saul Investments
Corporate parent · holds 75-100% shares
ultimate parent
PREMIER HOUSEWARES DEVCO LIMITED
This company · SC487573

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Saul Investments
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting · trust interest29/10/2024
3 historic (ceased) PSCs
  • Mrs Safana Mobarikceased 29/10/2024· significant influence
  • Mr Shokat Mubarikceased 29/10/2024· significant influence
  • Mr Awais Mobarikceased 25/10/2024· 75-100% shares · board control · trust interest · firm interest

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
Incorporated2014-09-26
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

55 Jordanvale Avenue
Glasgow
G14 0QP

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (1 active · 0 resigned)

MOBARIK, Awais
director · ~42y · appointed 2014-09-26
View their other companies + combined net worth →
Active

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

Recent filings (39 total)

change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-12
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-30
gazette-notice-compulsory
gazette · GAZ1
2026-01-13
accounts-with-accounts-type-dormant
accounts · AA
2025-06-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-30
capital-allotment-shares
capital · SH01
2024-10-30
certificate-change-of-name-company
change-of-name · CERTNM
2024-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-25