HARRODS CLEANERS LTD
- 96010Washing and (dry-)cleaning of textile and fur products
Opportunity 73/100 (strong), bankability 65/100. 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
5 live charges · 2 lenders · oldest 8.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.3 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 100 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2025-08-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-23📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-16📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-04-18📄gazette-notice-compulsorygazette · GAZ1
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-07🔒Charge registered #5Lender: Hsbc UK Bank PLC
- 2022-03-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-22🔓Charge satisfied #1
- 2022-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-28🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2021-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-13🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2019-06-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-12🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2018-01-03🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2015-08-13🏢Company incorporatedAs HARRODS CLEANERS LTD
- 2015-08-13➕ZAFAR, Adil appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- 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 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adil Zafar Individual · British · DOB 07/1987 · age 39 | 75–100% | — | 75-100% shares | 10/05/2018 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 07/04/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 28/01/2022 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/07/2020 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 12/02/2018 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 03/01/2018 | 22/03/2022 |