OK CORRAL LTD

💤Zombieactive
SC626747 · ltd · incorporated 2019-04-04
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
not disclosed
Net worth
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (58/100)

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
10 connected companies via shared directors
75
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
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 (8 events)Click to expand
  1. 2021-06-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2021-06-03
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  3. 2021-06-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2020-10-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2020-10-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2019-04-04
    🏢
    Company incorporated
    As OK CORRAL LTD
  7. 2019-04-04
    IBRAHIM, Ibrar Hussain appointed
    director
  8. 2019-04-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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 62 — approaching natural succession window.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2021-04-04

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2023-04-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ibrar Hussain Ibrahim
Individual · British · DOB 05/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/04/2019

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.

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

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Company details

Statusactive
Typeltd
Incorporated2019-04-04
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

7 Erskine Lane
Broughty Ferry
Dundee
DD5 1DG
Scotland

Filing status

Accounts
Next due: 2021-04-04OVERDUE
Last made up to:
Confirmation statement
Next due: 2023-04-17OVERDUE
Last: 2022-04-03

Officers (1 active · 0 resigned)

IBRAHIM, Ibrar Hussain
director · ~62y · appointed 2019-04-04
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-21
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-29
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-06-03
gazette-notice-compulsory
gazette · GAZ1
2021-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-30
gazette-filings-brought-up-to-date
gazette · DISS40
2020-10-30
gazette-notice-compulsory
gazette · GAZ1
2020-10-20
incorporation-company
incorporation · NEWINC
2019-04-04