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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

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 Feb 2025

Net worth

£-45.0k

book net assets

Opportunity

71/100

Strong

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

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 0.7y

10/100

under pressure

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

· Newest facility, 0.7 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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

3 officers (1 active, 3 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

5 connected companies via shared directors

Filing history

35 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-02-28	2024-02-29
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

filings

Last 90 days

filings

Last 180 days

filings

• 2 mortgage
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-04-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-18
📄
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
2026-03-06
🔒
Charge registered #4
Lender: Together Commercial Finance Limited
2026-03-06
🔒
Charge registered #3
Lender: Together Commercial Finance Limited
2025-11-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-22
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-03
🔒
Charge registered #2
Lender: Together Commercial Finance Limited
2025-11-03
🔒
Charge registered #1
Lender: Together Commercial Finance Limited
2024-12-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-02
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-11-30
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-05-15
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-07
📄
gazette-notice-compulsory
gazette · GAZ1
2024-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-05-09
📄
gazette-notice-compulsory
gazette · GAZ1
2023-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-10-17
➖
AKHTAR, Shubnam resigned
director
2018-02-08
➕
AKHTAR, Shubnam appointed
director
2017-06-18
➖
AKHTAR, Shubnam resigned
director
2017-03-01
➕
RASUL, Shahid appointed
director
2017-02-16
🏢
Company incorporated
As CONTINENTAL SPICES LIVINGSTON LTD
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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Shahid Rasul Individual · British · DOB 12/1980 · age 46	75–100%	75–100%	75-100% shares · 75-100% voting	18/06/2017

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

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PENTLAND KITCHENS LIMITED→ SC307579 · est 2006	£680.9k £510.6k–£851.1k	—	—	0	19y	83	63y
LYON & TURNBULL LIMITED→ SC191166 · est 1998	£551.7k £413.8k–£689.6k	—	—	75	27y	85	77y
FESTIVAL FRINGE TRADING LIMITED→ SC130813 · est 1991	£497.4k £373.1k–£621.8k	—	—	0	35y	85	77y
M&F FUNERAL SERVICES LIMITED→ SC365033 · est 2009	£273.1k £204.9k–£341.4k	—	—	11	16y	88	61y
DRINX.COM LIMITED→ SC203859 · est 2000	—	—	£353.7k	—	26y	83	63y
GLASGOW ARCHITECTURAL SALVAGE LIMITED→ SC248258 · est 2003 · no financials extracted	—	—	—	—	23y	83	58y
GLENTERRIN LIMITED→ SC116076 · est 1989	—	—	—	7100	37y	83	64y
GRAHAM TISO LIMITED→ SC081944 · est 1983 · no financials extracted	—	—	—	—	43y	83	60y
NGS TRADING COMPANY LIMITED→ SC312797 · est 2006 · no financials extracted	—	—	—	—	19y	83	68y
PLANET FLOWERS LTD.→ SC212761 · est 2000	—	—	£208.8k	—	25y	83	78y
THE DORMANT DISTILLERY COMPANY LIMITED→ SC172078 · est 1997	—	—	—	64	29y	83	62y
THE GREAT GROG COMPANY LIMITED→ SC194873 · est 1999	—	—	£501.5k	—	27y	83	64y

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

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Together Money Together Commercial Finance Limited	A registered charge	1 property	06/03/2026	—
outstanding	Together Money Together Commercial Finance Limited	A registered charge	—	06/03/2026	—
outstanding	Together Money Together Commercial Finance Limited	A registered charge	—	03/11/2025	—
outstanding	Together Money Together Commercial Finance Limited	A registered charge	1 property	03/11/2025	—

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