WANDERLUST CAFE LIMITED

⚰️Wound downdissolved
SC604678 · ltd · incorporated 2018-08-08
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
54/100
Worth a look
🔔
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What this business does
Primary activity: Other food services
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 54/100 (worth a look), 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: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2023-01-03
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2023-01-03
    🏁
    Company dissolved
  3. 2022-10-04
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2022-09-23
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2022-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-03-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-08-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2019-08-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2018-08-08
    🏢
    Company incorporated
    As WANDERLUST CAFE LIMITED
  11. 2018-08-08
    CONGIU, Massimiliano appointed
    director
  12. 2018-08-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-01-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Massimiliano Congiu
Individual · Italian · DOB 02/1990 · age 36
75100%
75–100%75-100% shares · 75-100% voting08/08/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

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Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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.

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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.

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Company details

Statusdissolved
Typeltd
Incorporated2018-08-08
Jurisdictionscotland
Primary SIC56290 — Other food services

Registered office

29 Commercial Street
Dundee
DD1 3DG
Scotland

Filing status

Accounts
Next due:
Last made up to: 2021-08-31
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

CONGIU, Massimiliano
director · ~36y · appointed 2018-08-08
View their other companies + combined net worth →
Active

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

Recent filings (13 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-01-03
gazette-notice-voluntary
gazette · GAZ1(A)
2022-10-04
dissolution-application-strike-off-company
dissolution · DS01
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-dormant
accounts · AA
2022-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-19
accounts-with-accounts-type-dormant
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-10
accounts-with-accounts-type-dormant
accounts · AA
2020-03-31
change-person-director-company-with-change-date
officers · CH01
2019-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-20
incorporation-company
incorporation · NEWINC
2018-08-08