CTL RESTAURANTS LIMITED

💤Zombieactive
SC506355 · ltd · incorporated 2015-05-20
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 4 signals strengthening over the last 30 days.
  • · Hygiene score: 50 → 90
  • · Bankability: 60 → 80
  • · Deal-killer verdict: complicated → workable
  • · Opportunity score: 69 → 79
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 4 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 0 negative.

  • ↑Deal-killer verdict: complicated → workable
  • ↑Opportunity score: 69 → 79
  • ↑Hygiene score: 50 → 90
  • ↑Bankability: 60 → 80
  • ·Distress / opportunity: exceptional → avoid
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 May 2025
Net worth
£1.1k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 6.7y

45/100
under pressure

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

  • · Oldest live charge is 6.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (86/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
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 £1,055
Net assets shrinking
Down £1,063 YoY

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1k
↓ 50% YoY
Current Assets
£4k
↓ 42% YoY
Current Liabilities
—
£0£2k£3k£5k£6k£8kMay 2023May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-312023-05-31
Total assets£1.1k£2.1k£4.0k
Current assets£4.2k£7.2k£8.1k
Net assets£1.1k£2.1k£4.0k

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

Recent activity

Last 30 days
0
filings
Last 90 days
6
filings
  • • 2 gazette
  • • 1 confirmation-statement
  • • 1 miscellaneous
Last 180 days
6
filings
  • • 2 gazette
  • • 1 confirmation-statement
  • • 1 miscellaneous
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-28
    📄
    legacy
    miscellaneous · RP01PSC01
  2. 2026-05-28
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  3. 2026-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2026-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-05-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2022-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-04-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-11-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2019-11-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-11-07
    🔒
    Charge registered #1
    Lender: Assetz Capital Trust Company Limited
  17. 2019-11-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2019-10-22
    ➖
    MCNEIL, William resigned
    secretary
  19. 2018-02-01
    ➕
    ALEXANDER, Irene appointed
    director
  20. 2018-02-01
    ➖
    MCNEIL, Elaine resigned
    director
  21. 2015-05-20
    🏢
    Company incorporated
    As CTL RESTAURANTS LIMITED
  22. 2015-05-20
    ➕
    MCNEIL, William appointed
    secretary
  23. 2015-05-20
    ➕
    MCNEIL, Elaine appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
NameSharesVoting rightsNature of controlNotified
Ms Irene Alexander
Individual · British · DOB 04/1968 · age 58
——sig. influencesignificant influence06/04/2018
1 historic (ceased) PSC
  • Mr William Mcneilceased 22/10/2019· 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
Incorporated2015-05-20
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

19-21 Hope Street
Lanark
South Lanarkshire
ML11 7NE
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-24
Last: 2026-05-10

Officers (1 active · 2 resigned)

ALEXANDER, Irene→
director · ~58y · appointed 2018-02-01
View their other companies + combined net worth →
Active
MCNEIL, William→
secretary · appointed 2015-05-20 · resigned 2019-10-22
Resigned
MCNEIL, Elaine→
director · ~61y · appointed 2015-05-20 · resigned 2018-02-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge1 property07/11/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-28
legacy
miscellaneous · RP01PSC01
2026-05-28
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-05-28
gazette-filings-brought-up-to-date
gazette · DISS40
2026-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-30
gazette-notice-compulsory
gazette · GAZ1
2026-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-10
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-09