ELECTRO DRAGON LTD

💤Zombieactive

SC654979 · ltd · incorporated 2020-02-19

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 · medium confidence

Mixed signals — 1 changes over 30 days, no clear direction yet.

· Filings: 21 → 23

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Filings: 21 → 23

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 Sept 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Licenced restaurants

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. 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).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

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

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30	2023-09-30
Average employees	6600	7200

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03
📄
memorandum-articles
incorporation · MA
2023-10-03
📄
resolution
resolution · RESOLUTIONS
2023-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-15
➕
LIAO, Yu-Hsiang appointed
director
2022-06-15
➖
LI, Qinqing resigned
director
2022-06-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-06-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-06
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-06-06
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-09-21
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-04-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-02-19
🏢
Company incorporated
As ELECTRO DRAGON LTD
2020-02-19
➕
LI, Qinqing appointed
director
2020-02-19
📄
incorporation-company
incorporation · NEWINC

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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Yu-Hsiang Liao Individual · Taiwanese · DOB 07/1973 · age 53	75–100%	—	75-100% shares	15/06/2022

1 historic (ceased) PSC

Mr Qinqing Liceased 15/06/2022· 75-100% shares · 75-100% voting · board control

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 · Hospitality · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE BONHAM HOTEL EDINBURGH LIMITED→ SC118669 · est 1989	£13.13M £9.85M–£16.41M	—	—	65	37y	83	69y
OMNI TAVERNS LTD.→ SC307655 · est 2006	£2.89M £2.17M–£3.61M	—	—	85	19y	87	60y
ADJUSTLIGHT LIMITED→ SC139599 · est 1992 · no financials extracted	—	—	—	—	33y	83	58y
ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→ SC272735 · est 2004 · no financials extracted	—	—	—	—	21y	83	79y
DESTINATION EDINBURGH LIMITED→ SC357298 · est 2009	—	—	£254.5k	—	17y	83	58y
ELITE HOTELS LIMITED→ SC103199 · est 1987	—	—	—	0	39y	83	76y
MORAG'S LODGES LIMITED→ SC192271 · est 1998 · no financials extracted	—	—	—	—	27y	83	61y
SALTIRE HOSPITALITY LIMITED→ SC208776 · est 2000	—	—	—	83	26y	83	63y
SCOTS GUARDS ASSOCIATION CLUB, LIMITED→ SC013223 · est 1924	—	—	—	6	102y	83	80y
STAY CITY APARTMENTS LTD.→ SC338588 · est 2008 · no financials extracted	—	—	—	—	18y	83	59y
SURGEONS QUARTER LIMITED→ SC256751 · est 2003 · no financials extracted	—	—	—	—	22y	83	82y
SWS (GLASGOW ROAD) LIMITED→ SC335054 · est 2007	—	—	—	2200	18y	83	61y

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

🔒Tailored diligence questions

7 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

Incorporated2020-02-19

Jurisdictionscotland

Primary SIC56101 — Licenced restaurants

Registered office

5 South Charlotte Street

Edinburgh

EH2 4AN

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2027-06-29

Last: 2026-06-15

Officers (1 active · 1 resigned)

LIAO, Yu-Hsiang→

director · ~53y · appointed 2022-06-15

View their other companies + combined net worth →

Active

LI, Qinqing→

director · ~61y · appointed 2020-02-19 · resigned 2022-06-15

Resigned

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

Recent filings (23 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-06-29

confirmation-statement-with-updates

confirmation-statement · CS01

2026-06-19

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-06-30

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-06-28

memorandum-articles

incorporation · MA

2023-10-03

resolution

resolution · RESOLUTIONS

2023-10-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-06-29

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-26

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-03-24

confirmation-statement-with-updates

confirmation-statement · CS01

2022-06-15

termination-director-company-with-name-termination-date

officers · TM01

2022-06-15

appoint-person-director-company-with-name-date

officers · AP01

2022-06-15

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2022-06-15