CLOSE TO NEXT-GEN LTD
🏛️Establishedactive
SC675585 · ltd · incorporated 2020-09-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£2.0k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 47910Retail sale via mail order houses or via Internet
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (82/100)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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,044
Net assets shrinking
Down £3,757 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£2k
↓ 65% YoY
Current Assets
£21k
↑ 8.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £25.5k | £5.8k |
| Current assets | £21.4k | £19.7k |
| Net assets | £2.0k | £5.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 address
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-13➕AHMED, Nazir appointeddirector
- 2022-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-10-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-07-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-09-25🏢Company incorporatedAs CLOSE TO NEXT-GEN LTD
- 2020-09-25➕ULLAH, Ihsan appointeddirector
- 2020-09-25📄incorporation-companyincorporation · NEWINC
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ihsan Ullah Individual · Pakistani · DOB 04/1989 · age 37 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 25/09/2020 |
Mr Nazir Ahmed Individual · British,Pakistani · DOB 05/1986 · age 40 | 25–50% | — | 25-50% shares | 13/01/2023 |
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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| COVE RETAILERS LTD→ SC713935 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CRAFTY HOME TEXTILES LTD→ SC853115 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CRAFTY IMPORTS LTD→ SC726033 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| CRAIGELLACHIE FILLING STATION LIMITED→ SC297889 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| CRAZY DOCTOR LTD→ SC876893 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CREAZONE LTD→ SC536345 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| CRESTWOOD INTERNATIONAL LIMITED→ SC868406 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CRUDEN BAY TRAINING LIMITED→ SC483900 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| CRYSTAL CANVAS BOUTIQUE LIMITED→ SC847813 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CUTE RAINBOW SCOOPZ LTD→ SC869346 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| D3 TRADING LTD→ SC808490 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DAILY NUTS LTD→ SC661666 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2020-09-25
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores
Registered office
26 Broad Street
Fraserburgh
AB43 9AH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-07
Last: 2025-08-24
Officers (2 active · 0 resigned)
AHMED, Nazir→
Activedirector · ~40y · appointed 2023-01-13
View their other companies + combined net worth →
ULLAH, Ihsan→
Activedirector · ~37y · appointed 2020-09-25
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (21 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-16
appoint-person-director-company-with-name-date
officers · AP01
2023-01-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31