PHOENIX STORES LTD

🚨Distressedactive

SC499940 · ltd · incorporated 2015-03-09

Investment thesis

Attractive distress candidate — real problems but workable structure.

Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.

Why risky: Signals worsening; needs speed and capital discipline.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2023

Net worth

£-47.8k

book net assets

Opportunity

55/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 55/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (1 active, 5 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

30 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

55/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £47,810

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£48k

↓ 1.2% YoY

Current Assets

£56k

↑ 172% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2023-03-31	2022-03-31
Total assets	£-5.1k	£423
Current assets	£55.7k	£20.5k
Net assets	£-47.8k	£-47.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2024-07-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-07-14
➖
VADLAMUDI, Harini resigned
director
2024-03-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-23
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2022-04-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-01
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-03-01
📄
gazette-notice-compulsory
gazette · GAZ1
2021-10-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-08
➖
BODASINGU, Praveen Kumar resigned
director
2021-08-13
➕
BODASINGU, Praveen Kumar appointed
director
2021-08-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-08-13
📄
change-person-director-company-with-change-date
officers · CH01
2021-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-10-04
➖
GOGINENI, Jagan resigned
director
2020-01-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-04-02
➖
KODALI, Anusha resigned
director
2015-03-09
🏢
Company incorporated
As PHOENIX STORES LTD
2015-03-09
➕
VADLAMUDI, Harish appointed
director
2015-03-09
➕
GOGINENI, Jagan appointed
director
2015-03-09
➕
KODALI, Anusha appointed
director
2015-03-09
➕
VADLAMUDI, Harini 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

45/100

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.

Red flags

2 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-07-31

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Harish Vadlamudi Individual · Indian · DOB 06/1985 · age 41	—	—	board controlboard control	06/04/2016

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

10 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

Incorporated2015-03-09

Jurisdictionscotland

Primary SIC47240 — Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores

Registered office

36 Grandholm Crescent

Bridge Of Don

Aberdeen

AB22 8BA

Scotland

Filing status

Accounts

Next due: 2024-12-31OVERDUE

Last made up to: 2023-03-31

Confirmation statement

Next due: 2025-07-31OVERDUE

Last: 2024-07-17

Officers (1 active · 4 resigned)

VADLAMUDI, Harish→

director · ~41y · appointed 2015-03-09

View their other companies + combined net worth →

Active

BODASINGU, Praveen Kumar→

director · ~43y · appointed 2021-08-13 · resigned 2021-10-08

Resigned

GOGINENI, Jagan→

director · ~43y · appointed 2015-03-09 · resigned 2020-10-04

Resigned

KODALI, Anusha→

director · ~40y · appointed 2015-03-09 · resigned 2016-04-02

Resigned

VADLAMUDI, Harini→

director · ~32y · appointed 2015-03-09 · resigned 2024-07-14

Resigned

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

Recent filings (30 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2024-07-17

termination-director-company-with-name-termination-date

officers · TM01

2024-07-17

accounts-with-accounts-type-micro-entity

accounts · AA

2024-03-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-11-17

accounts-with-accounts-type-micro-entity

accounts · AA

2022-12-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-11-02

gazette-filings-brought-up-to-date

gazette · DISS40

2022-04-23

accounts-with-accounts-type-micro-entity

accounts · AA

2022-04-22

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2022-04-01

gazette-notice-compulsory

gazette · GAZ1

2022-03-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-11-05

termination-director-company-with-name-termination-date

officers · TM01

2021-10-09

appoint-person-director-company-with-name-date

officers · AP01

2021-08-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2021-08-13

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-08-13