LETTUCE PAY LTD

💤Zombieactive
SC746039 · ltd · incorporated 2022-10-01
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
year to Oct 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Other activities auxiliary to financial services, except insurance and pension funding
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 82990Other business support service activities n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. 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: strategic trade sale (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, 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
13 filings on record
85
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
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31

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
3
filings
  • 2 address
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-11-11
    📍
    change-sail-address-company-with-new-address
    address · AD02
  2. 2025-11-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-11-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-11-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-07-12
    FERGUSON, Robert Henri resigned
    director
  7. 2024-07-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-07-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-07-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-10-01
    🏢
    Company incorporated
    As LETTUCE PAY LTD
  11. 2022-10-01
    GHUMMAN, Shah Rukh Shamim appointed
    director
  12. 2022-10-01
    FERGUSON, Robert Henri appointed
    director
  13. 2022-10-01
    📄
    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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Shah Rukh Shamim Ghumman
Individual · Pakistani · DOB 01/1990 · age 36
75100%
75–100%board control75-100% shares · 75-100% voting · board control · firm interest01/10/2022
1 historic (ceased) PSC
  • Mr Robert Henri Fergusonceased 12/07/2024· 25-50% shares · 25-50% 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.

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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.

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.

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Company details

Statusactive
Typeltd
Incorporated2022-10-01
Jurisdictionscotland
Primary SIC66190 — Other activities auxiliary to financial services, except insurance and pension funding

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (1 active · 1 resigned)

GHUMMAN, Shah Rukh Shamim
director · ~36y · appointed 2022-10-01
View their other companies + combined net worth →
Active
FERGUSON, Robert Henri
director · ~44y · appointed 2022-10-01 · resigned 2024-07-12
Resigned

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

Recent filings (13 total)

change-sail-address-company-with-new-address
address · AD02
2025-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-11
accounts-with-accounts-type-dormant
accounts · AA
2025-07-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-11-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-12
termination-director-company-with-name-termination-date
officers · TM01
2024-07-12
accounts-with-accounts-type-dormant
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-29
incorporation-company
incorporation · NEWINC
2022-10-01