PUNJABI GRILL HAWICK LTD

🚨Distressedactive
SC700003 · ltd · incorporated 2021-05-27
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to May 2024
Net worth
£-37.8k
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 55/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £37,756

Key financials

2 years extracted from filed iXBRL accounts
Cash
£265
Net Worth
-£38k
Current Assets
£5k
Current Liabilities
-£38k-£29k-£21k-£12k-£4k£5kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-312023-05-31
Total assets£-37.8k
Current assets£4.8k
Cash£265
Net assets£-37.8k

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
0
filings
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-09-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-08-22
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-08-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-02-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2025-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-09-07
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2024-08-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2024-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-02-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2023-09-08
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  12. 2023-08-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2023-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-05-27
    🏢
    Company incorporated
    As PUNJABI GRILL HAWICK LTD
  15. 2021-05-27
    BANGAR, Nirmal appointed
    director
  16. 2021-05-27
    📄
    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 5 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 ·
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: 2026-02-28

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nirmal Bangar
Individual · British · DOB 03/1977 · age 49
75100%
75-100% shares27/05/2021

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 →

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

9 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
Incorporated2021-05-27
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

39-41 High Street
Hawick
TD9 9BU
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26

Officers (1 active · 0 resigned)

BANGAR, Nirmal
director · ~49y · appointed 2021-05-27
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-08-22
gazette-notice-compulsory
gazette · GAZ1
2025-08-12
gazette-filings-brought-up-to-date
gazette · DISS40
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-09-07
gazette-notice-compulsory
gazette · GAZ1
2024-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-14
gazette-filings-brought-up-to-date
gazette · DISS40
2024-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-02
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-09-08
gazette-notice-compulsory
gazette · GAZ1
2023-08-15