CONTINENTAL SPICES LIVINGSTON LTD

💤Zombieactive
SC557924 · ltd · incorporated 2017-02-16
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 Feb 2025
Net worth
£-45.0k
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47220Retail sale of meat and meat products in specialised stores
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 70/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

4 live charges · oldest 0.5y

10/100
under pressure

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

  • · Newest facility, 0.5 years old — likely still in initial term.
  • · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £45,015

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£45k
↑ 23% YoY
Current Assets
£196k
↑ 46% YoY
Current Liabilities
-£58k-£7k£44k£95k£145k£196kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£-3.9k£10.2k
Current assets£196.3k£134.7k
Net assets£-45.0k£-58.1k

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
1
filing
  • 1 persons-with-significant-control
Last 90 days
4
filings
  • 2 mortgage
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
7
filings
  • 4 mortgage
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-03-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2026-03-06
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  5. 2026-03-06
    🔒
    Charge registered #3
    Lender: Together Commercial Finance Limited
  6. 2025-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2025-11-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-11-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-11-03
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  10. 2025-11-03
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  11. 2024-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2024-12-02
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2024-11-30
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2024-05-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2024-05-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2023-05-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2023-05-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-01-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-10-17
    AKHTAR, Shubnam resigned
    director
  24. 2018-02-08
    AKHTAR, Shubnam appointed
    director
  25. 2017-06-18
    AKHTAR, Shubnam resigned
    director
  26. 2017-03-01
    RASUL, Shahid appointed
    director
  27. 2017-02-16
    🏢
    Company incorporated
    As CONTINENTAL SPICES LIVINGSTON LTD
  28. 2017-02-16
    AKHTAR, Shubnam 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

1 med ·
4 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-03-06: A registered charge; 2026-03-06: A registered charge; 2025-11-03: A registered charge

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Shahid Rasul
Individual · British · DOB 12/1980 · age 46
75100%
75–100%75-100% shares · 75-100% voting18/06/2017
1 historic (ceased) PSC
  • Mrs Shubnam Akhtarceased 18/06/2017· 75-100% 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 →

Similar companies

Active · Retail · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DRAGONFLY CRYSTALS & GIFTS LTD
SC767676 · est 2023 · no financials extracted
2y
DUKES FINE ART LIMITED
SC754375 · est 2023 · no financials extracted
3y
E SHOP HEATING LTD
SC480498 · est 2014 · no financials extracted
11y
EDINBURGH BUDGET BLINDS LIMITED
SC577171 · est 2017 · no financials extracted
8y
EDINBURGH HEARING AND BALANCE SPECIALISTS LTD
SC819811 · est 2024 · no financials extracted
1y
EDINBURGH SUPERMARKET LTD
SC843244 · est 2025 · no financials extracted
1y
EGO TRIP HQ LTD
SC839990 · est 2025 · no financials extracted
1y
ELEV8HER LTD
SC867568 · est 2025 · no financials extracted
EMILY JAMES BESPOKE CABINETRY LTD
SC659533 · est 2020 · no financials extracted
5y
ENGHIEN TRADING LIMITED
SC848402 · est 2025 · no financials extracted
EOSS LTD
SC786999 · est 2023 · no financials extracted
2y
EPHEMERAL CREATIVE LTD
SC865612 · est 2025 · no financials extracted
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated2017-02-16
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

21c Grange Road
Livingston
EH54 5DE
Scotland

Filing status

Accounts
Next due: 2026-11-27
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15

Officers (1 active · 2 resigned)

RASUL, Shahid
director · ~46y · appointed 2017-03-01
View their other companies + combined net worth →
Active
AKHTAR, Shubnam
director · ~39y · appointed 2018-02-08 · resigned 2019-10-17
Resigned
AKHTAR, Shubnam
director · ~39y · appointed 2017-02-16 · resigned 2017-06-18
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property06/03/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge06/03/2026
outstanding
Together Money
Together Commercial Finance Limited
A registered charge03/11/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property03/11/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (35 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-02
change-account-reference-date-company-previous-extended
accounts · AA01
2024-11-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
gazette-notice-compulsory
gazette · GAZ1
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28