FIRST TRAVEL AND TRADERS LTD

💤Zombieactive
SC665159 · ltd · incorporated 2020-06-23
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
60/100
Worth a look
🔔
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What this business does
Primary activity: Travel agency activities
Sector: Administrative & support services
ALSO REGISTERED FOR
  • 95110Repair of computers and peripheral equipment
  • 95120SIC 95120
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 60/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-03-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  2. 2025-03-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-03-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-05-13
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2024-03-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-03-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-09-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2021-09-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2020-06-23
    🏢
    Company incorporated
    As FIRST TRAVEL AND TRADERS LTD
  11. 2020-06-23
    ZAFARULLAH, Zafarullah appointed
    director
  12. 2020-06-23
    📄
    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 6 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 · 1 med ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-01-22

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-05-13: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Zafarullah Zafarullah
Individual · Pakistani · DOB 01/1978 · age 48
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/06/2020

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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.

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Company details

Statusactive
Typeltd
Incorporated2020-06-23
Jurisdictionscotland
Primary SIC79110 — Travel agency activities

Registered office

268, 0/1 Aikenhead Road
Glasgow
Lanarkshire
G42 0QH
Scotland

Filing status

Accounts
Next due: 2026-06-28
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-01-22OVERDUE
Last: 2025-01-08

Officers (1 active · 0 resigned)

ZAFARULLAH, Zafarullah
director · ~48y · appointed 2020-06-23
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-03-27
accounts-with-accounts-type-dormant
accounts · AA
2025-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-13
accounts-with-accounts-type-dormant
accounts · AA
2024-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-19
accounts-with-accounts-type-dormant
accounts · AA
2022-03-22
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-20
gazette-notice-compulsory
gazette · GAZ1
2021-09-07