PROJECT KDN LTD

🌿Early-stageactive
SC743784 · ltd · incorporated 2022-09-07
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£-15.7k
book net assets
Opportunity
70/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -92% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (76/100)

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
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
Network not yet resolved
30
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £15,664
Net assets shrinking
Down £28,951 YoY
Cash draining
Cash down 92% YoY
Cash YoY
-92%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 92% YoY
Net Worth
-£16k
↓ 218% YoY
Current Assets
£10k
↓ 61% YoY
Current Liabilities
-£16k-£8k£435£8k£17k£25kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£-15.7k£13.5k
Current assets£9.5k£24.6k
Cash£1.2k£15.6k
Debtors£3.6k£604
Net assets£-15.7k£13.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2025-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-01-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-09-07
    🏢
    Company incorporated
    As PROJECT KDN LTD
  6. 2022-09-07
    CAREY, Jordan Scott appointed
    director
  7. 2022-09-07
    KELLY, Charles Paul appointed
    director
  8. 2022-09-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited 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

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Charles Paul Kelly
Individual · Scottish · DOB 07/1970 · age 56
2550%
25–50%board control25-50% shares · 25-50% voting · board control07/09/2022
Mr Jordan Scott Carey
Individual · Scottish · DOB 07/1995 · age 31
2550%
25–50%board control25-50% shares · 25-50% voting · board control07/09/2022

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

Similar companies

Active · Retail · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
JOWAH UK LIMITED
SC533484 · est 2016 · no financials extracted
9y
MISTRUTH LTD
SC858592 · est 2025 · no financials extracted
MZ MART LTD
SC853185 · est 2025 · no financials extracted
ONLY WAY IS TRUCKING LTD
SC781487 · est 2023 · no financials extracted
2y
PANACHE (CASTLE DOUGLAS) LIMITED
SC299748 · est 2006 · no financials extracted
20y
PATH TO SUCCESS CONSULTANTS LTD
13203893 · est 2021 · no financials extracted
5y
PAULPRODUCTS LIMITED
SC829240 · est 2024 · no financials extracted
1y
PEGASUS JEWELLERY LTD
SC597159 · est 2018 · no financials extracted
7y
POLISH SHOP DINO DUMFRIES LTD
SC579250 · est 2017 · no financials extracted
8y
PREMIER CONVENIENCE LTD
SC572496 · est 2017 · no financials extracted
8y
PRISONERS WELFARE GROUP LTD
SC872294 · est 2025 · no financials extracted
QUIRKY QUINES LTD
SC505951 · est 2015 · no financials extracted
10y
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
Incorporated2022-09-07
Jurisdictionscotland
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

1 Abbeyfield Road
Thornhill
DG3 5LB
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06

Officers (2 active · 0 resigned)

CAREY, Jordan Scott
director · ~31y · appointed 2022-09-07
View their other companies + combined net worth →
Active
KELLY, Charles Paul
director · ~56y · appointed 2022-09-07
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
change-person-director-company-with-change-date
officers · CH01
2023-01-03
change-person-director-company-with-change-date
officers · CH01
2023-01-03
incorporation-company
incorporation · NEWINC
2022-09-07